18 September 2019
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 787,183 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 16 September 2019 at a price of 143.94 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 Regulations on Admission the beneficial interests of the directors of the Company and 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 acquired |
Number of Ordinary Shares held |
% of issued share capital |
Mark Shaw |
Investment Team |
182,095 |
1,540,584 |
0.090% |
Colin Godfrey |
Investment Team |
182,0951 |
1,506,447 |
0.088% |
James Dunlop |
Investment Team |
182,095 |
1,444,086 |
0.085% |
Henry Franklin |
Investment Team |
131,319 |
1,072,330 |
0.063% |
Bjorn Hobart |
Investment Team |
29,461 |
176,053 |
0.010% |
Petrina Austin |
Investment Team |
29,461 |
155,966 |
0.009% |
Tritax Management LLP |
Manager |
- |
94,008 |
0.006% |
Staff of Tritax Management LLP* |
Staff of the Manager |
50,657 |
299,387 |
0.018% |
Total* |
|
787,183 |
6,288,861 |
0.368% |
1 182,095 shares have been acquired by Harriet Godfrey (PCA of Colin Godfrey).
* 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:
|
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 PDMR |
|||||
a) |
Name |
Mark Shaw |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
PDMR |
||||
b) |
Initial notification / amendment |
Initial notification |
||||
3. |
Details of the issuer |
|||||
a) |
Name |
Tritax Big Box REIT PLC |
||||
b) |
Legal Entity Identifier |
213800L6X88MIYPVR714 |
||||
4. |
Details of the transaction(s) |
|||||
a) |
Description of the financial instrument |
Ordinary Shares of 1p each |
||||
b) |
Identification code |
GB00BG49KP99 |
||||
c) |
Nature of the transaction |
Purchase of Ordinary Shares under the Investment Management Agreement |
||||
d) |
Price(s) and volume(s) |
|
||||
e) |
Aggregated information - Aggregated volume - Aggregated price |
N/A - single transaction |
||||
f) |
Date of the transaction |
16 September 2019 |
||||
g) |
Place of the transaction |
London Stock Exchange |
1. |
Details of PDMR |
|||||
a) |
Name |
Harriet Godfrey (PCA of Colin Godfrey) |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
PCA of a PDMR |
||||
b) |
Initial notification / amendment |
Initial notification |
||||
3. |
Details of the issuer |
|||||
a) |
Name |
Tritax Big Box REIT PLC |
||||
b) |
Legal Entity Identifier |
213800L6X88MIYPVR714 |
||||
4. |
Details of the transaction(s) |
|||||
a) |
Description of the financial instrument |
Ordinary Shares of 1p each |
||||
b) |
Identification code |
GB00BG49KP99 |
||||
c) |
Nature of the transaction |
Purchase of Ordinary Shares under the Investment Management Agreement |
||||
d) |
Price(s) and volume(s) |
|
||||
e) |
Aggregated information - Aggregated volume - Aggregated price |
N/A - single transaction |
||||
f) |
Date of the transaction |
16 September 2019 |
||||
g) |
Place of the transaction |
London Stock Exchange |
1. |
Details of PDMR |
|||||
a) |
Name |
James Dunlop |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
PDMR |
||||
b) |
Initial notification / amendment |
Initial notification |
||||
3. |
Details of the issuer |
|||||
a) |
Name |
Tritax Big Box REIT PLC |
||||
b) |
Legal Entity Identifier |
213800L6X88MIYPVR714 |
||||
4. |
Details of the transaction(s) |
|||||
a) |
Description of the financial instrument |
Ordinary Shares of 1p each |
||||
b) |
Identification code |
GB00BG49KP99 |
||||
c) |
Nature of the transaction |
Purchase of Ordinary Shares under the Investment Management Agreement |
||||
d) |
Price(s) and volume(s) |
|
||||
e) |
Aggregated information - Aggregated volume - Aggregated price |
N/A - single transaction |
||||
f) |
Date of the transaction |
16 September 2019 |
||||
g) |
Place of the transaction |
London Stock Exchange |
1. |
Details of PDMR |
|||||
a) |
Name |
Henry Franklin |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
PDMR |
||||
b) |
Initial notification / amendment |
Initial notification |
||||
3. |
Details of the issuer |
|||||
a) |
Name |
Tritax Big Box REIT PLC |
||||
b) |
Legal Entity Identifier |
213800L6X88MIYPVR714 |
||||
4. |
Details of the transaction(s) |
|||||
a) |
Description of the financial instrument |
Ordinary Shares of 1p each |
||||
b) |
Identification code |
GB00BG49KP99 |
||||
c) |
Nature of the transaction |
Purchase of Ordinary Shares under the Investment Management Agreement |
||||
d) |
Price(s) and volume(s) |
|
||||
e) |
Aggregated information - Aggregated volume - Aggregated price |
N/A - single transaction |
||||
f) |
Date of the transaction |
16 September 2019 |
||||
g) |
Place of the transaction |
London Stock Exchange |
1. |
Details of PDMR |
|||||
a) |
Name |
Petrina Austin |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
PDMR |
||||
b) |
Initial notification / amendment |
Initial notification |
||||
3. |
Details of the issuer |
|||||
a) |
Name |
Tritax Big Box REIT PLC |
||||
b) |
Legal Entity Identifier |
213800L6X88MIYPVR714 |
||||
4. |
Details of the transaction(s) |
|||||
a) |
Description of the financial instrument |
Ordinary Shares of 1p each |
||||
b) |
Identification code |
GB00BG49KP99 |
||||
c) |
Nature of the transaction |
Purchase of Ordinary Shares under the Investment Management Agreement |
||||
d) |
Price(s) and volume(s) |
|
||||
e) |
Aggregated information - Aggregated volume - Aggregated price |
N/A - single transaction |
||||
f) |
Date of the transaction |
16 September 2019 |
||||
g) |
Place of the transaction |
London Stock Exchange |
1. |
Details of PDMR |
|||||
a) |
Name |
Bjorn Hobart |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
PDMR |
||||
b) |
Initial notification / amendment |
Initial notification |
||||
3. |
Details of the issuer |
|||||
a) |
Name |
Tritax Big Box REIT PLC |
||||
b) |
Legal Entity Identifier |
213800L6X88MIYPVR714 |
||||
4. |
Details of the transaction(s) |
|||||
a) |
Description of the financial instrument |
Ordinary Shares of 1p each |
||||
b) |
Identification code |
GB00BG49KP99 |
||||
c) |
Nature of the transaction |
Purchase of Ordinary Shares under the Investment Management Agreement |
||||
d) |
Price(s) and volume(s) |
|
||||
e) |
Aggregated information - Aggregated volume - Aggregated price |
N/A - single transaction |
||||
f) |
Date of the transaction |
16 September 2019 |
||||
g) |
Place of the transaction |
London Stock Exchange |