Director/PDMR Shareholding

RNS Number : 5434G

Tritax Big Box REIT plc

18 March 2020

 

18 March 2020

TRITAX BIG BOX REIT PLC

(the "Company")

PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT AND PDMR SHAREHOLDINGS

The Board of the Company announces that in accordance with the terms of the Company's management fee arrangements with Tritax Management LLP (the "Manager"), the Manager has acquired in the market a total of 1,342,643 ordinary shares of 0.01 each in the capital of the Company ("Ordinary Shares") on behalf of the senior executives of the investment team of the Manager as listed in the table below (the "Investment Team") and certain members of staff of the Manager (the "Management Shares"). The Management Shares were acquired on 17 March 2020 at a price of 88.02  pence per share.

Under the terms of the management fee arrangements, 25 per cent. of the management fee (net of any applicable tax) for the relevant six-month period is applied by the Manager in subscribing for, or acquiring, Ordinary Shares.

The Management Shares purchased are subject to a minimum lock-in period of 12 months.

Director and PDMR Shareholdings

In accordance with article 19.3 of the Market Abuse Regulation the beneficial interests of senior executives of the Investment Team with day-to-day management responsibility in connection with services provided to the Company (and/or persons closely associated thereof) who have acquired Management Shares are listed in the table below.

PDMR	Position	Number of Management Shares issued	Number of Ordinary Shares held	% of issued share capital
Mark Shaw	Investment Team	309,643	1,972,846	0.116
Colin Godfrey1	Investment Team	309,643	1,938,709	0.114
James Dunlop2	Investment Team	309,643	1,876,348	0.110
Henry Franklin3	Investment Team	223,301	1,418,250	0.083
Bjorn Hobart	Investment Team	50,097	238,412	0.014
Petrina Austin	Investment Team	50,097	218,325	0.013
Tritax Management LLP	M anager	-	95,030	0.006
Staff of Tritax Management LLP*	S taff of the Manager	90,219	389,606	0.023
Total		1,342,643	8,147,526	0.479

^{1 309,643 shares have been acquired by Adam Godfrey (PCA of Colin Godfrey)}

^{2 154,822 shares have been acquired by Amelia Dunlop and 154,821 shares have been acquired by Tom Dunlop (PCAs of James Dunlop)}

^{3 223,301 shares have been acquired by Daisy Franklin (PCA of Henry Franklin)}

* In respect of the staff of Tritax Management LLP, this figure only includes Ordinary Shares issued or purchased pursuant to the management fee arrangements with the Manager .

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tritax Group Colin Godfrey (Partner, Fund Manager) Hana Beard (Group Company Secretary) via Maitland/AMO (below) Maitland/AMO (Communications Adviser) James Benjamin Tel: [phone] [e-mail] Jefferies International Limited Gary Gould Stuart Klein Tel: [phone] Akur Limited Anthony Richardson Tom Frost Siobhan Sergeant Tel: [phone]

The Company's LEI is: 213800L6X88MIYPVR714

NOTES:

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for Shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through a pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Shaw
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			£0.8802	309,643
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	17 March 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adam Godfrey
2	Reason for the notification
a)	Position/status	PCA of PDMR (Colin Godfrey)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			£0.8802	309,643
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	17 March 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Amelia Dunlop
2	Reason for the notification
a)	Position/status	PCA of PDMR (James Dunlop)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			£0.8802	154,822
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	17 March 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Dunlop
2	Reason for the notification
a)	Position/status	PCA of PDMR (James Dunlop)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			£0.8802	154,821
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	17 March 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daisy Franklin
2	Reason for the notification
a)	Position/status	PCA of PDMR (Henry Franklin)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			£0.8802	223,301
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	17 March 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bjorn Hobart
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			£0.8802	50,097
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	17 March 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Petrina Porter (née Austin)
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			£0.8802	50,097
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	17 March 2020
f)	Place of the transaction	London Stock Exchange (XLON)

 

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