PDMR Shareholding

RNS Number : 4119Q

Tritax Big Box REIT plc

18 February 2019

 

18 February 2019

TRITAX BIG BOX REIT PLC

(the "Company")

PDMR Shareholdings FOLLOWING OPEN OFFER

In accordance with article 19.3 of the Market Abuse Regulation, the Company announces the following beneficial interests of the Directors of the Company ("Directors") and senior executives of Tritax Management LLP (the "Manager") with day-to-day management responsibility in connection with services provided to the Company (the "Investment Team") (and/or persons closely associated thereof) who have been issued ordinary shares of 1 pence each in the Company ("Ordinary Shares") (ISIN: GB00BG49KP99) pursuant to their participation in the pre-emptive offer of Ordinary Shares at an issue price of 130 pence per share (the "Open Offer") which closed on Friday, 8 February 2019. 

The Ordinary Shares issued pursuant to the Open Offer were admitted to the premium segment of the Official List and to trading on the main market of the London Stock Exchange on 13 February 2019.

The Ordinary Shares issued to Directors and senior executives of the Manager (and/or persons closely associated thereof) are listed in the table below.

PDMR	Position	Number of Ordinary Shares issued	Number of Ordinary Shares held following Open Offer	% of issued share capital following Open Offer
Sir Richard Jewson	Non-Executive Chairman	10,067	87,249	0.005%
Jim Prower	Non-Executive Director	3,099	26,859	0.002%
Aubrey Adams	Non-Executive Director	13,043	113,043	0.007%
Richard Laing	Non-Executive Director	6,733	40,121	0.002%
Mark Shaw	Investment Team	85,109	1,197,897	0.072%
Colin Godfrey	Investment Team	131,242	1,163,760	0.070%
James Dunlop	Investment Team	119,842	1,101,399	0.066%
Henry Franklin	Investment Team	95,215	825,200	0.050%
Bjorn Hobart	Investment Team	11,725	120,610	0.007%
Petrina Austin	Investment Team	11,598	100,523	0.006%
Tritax Management LLP	Manager	10,847	94,008	0.006%
Total		498,520	4,870,669	0.293%

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tritax Group Colin Godfrey (Partner, Fund Manager) via Maitland below Maitland (Communications Adviser) James Benjamin Tel: [phone] Email: [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 pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq ft (measured by floor area, c. 69% of the Company's existing logistics facilities including forward funded developments are in excess of 500,000 sq ft), 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 

 

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