TIDMBBOX
RNS Number : 1545S
Tritax Big Box REIT plc
12 March 2021
12 March 2021
TRITAX BIG BOX REIT PLC
(the "Company")
ISSUE OF ORDINARY SHARES AND PDMR SHAREHOLDINGS
The Board of the Company announces that in accordance with:
a) the terms of the Investment Management Agreement between the
Company and Tritax Management LLP (the Manager) dated 11 September
2017 pursuant to which 25 per cent. of the management fee (net of
any applicable tax) is payable in new ordinary shares of the
Company ("Ordinary Shares") the Company will issue 708,380 Ordinary
Shares to the partners and certain staff of the Manager, including
the persons discharging managerial responsibilities ("PDMRs")
referred to below; and
b) the terms of the Bonus Agreement between the Company and
Tritax Symmetry Management Limited ("Tritax Symmetry") dated 27
January 2021, pursuant to which 20 per cent. of the deal bonus fee
(net of any applicable taxes) is payable in Ordinary Shares, the
Company will issue 33,504 Ordinary Shares to certain staff of
Tritax Symmetry,
in each case at a price of 169.92p per Ordinary Share, being the
most recently published basic net asset value per Ordinary Share as
at 31 December 2020 .
Following Board approval on 9 March 2021, an application has
been made for the Ordinary Shares to be admitted to the premium
segment of the Official List and to trading on the main market of
the London Stock Exchange. It is expected that dealings in the
Ordinary Shares will commence at 8am on 15 March 2021
("Admission").
Immediately following Admission, the Company's issued share
capital will consist of 1,719,883,762 Ordinary Shares carrying one
vote each. The Company does not hold any shares in treasury.
Therefore, following Admission, the total number of voting rights
in the Company will be 1,719,883,762. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules.
PDMR Shareholdings
In accordance with article 19.3 of the Market Abuse Regulation,
immediately following Admission, the beneficial interests of
certain persons discharging managerial decisions ("PDMRs") (and/or
persons closely associated thereof) will be as follows:
PDMR Position Number of Number of % of issued
O rdinary Ordinary share capital
Shares issued Shares held following
following the Admission
the Admission
Mark Shaw(1) PDMR 148,013 2,298,733 0.134
------------------ --------------- --------------- ---------------
Colin Godfrey(2) PDMR 158,937 2,269,052 0.132
------------------ --------------- --------------- ---------------
James Dunlop(3) PDMR 158,937 2,206,691 0.128
------------------ --------------- --------------- ---------------
Henry Franklin(4) PDMR 114,619 1,656,479 0.096
------------------ --------------- --------------- ---------------
Bjorn Hobart(5) PDMR 25,714 305,491* 0.018
------------------ --------------- --------------- ---------------
Petrina Porter
( née
Austin) PDMR 25,714 271,771 0.016
------------------ --------------- --------------- ---------------
F rankie Whitehead
(6) PDMR 10,784 117,874 0.007
------------------ --------------- --------------- ---------------
Tritax Management
LLP Manager 245 95,275 0.005
------------------ --------------- --------------- ---------------
Staff of the
Management
LLP** Staff of Manager 65,417 517,277 0.030
------------------ --------------- --------------- ---------------
Staff of Tritax
Symmetry Management Staff of Tritax
** Symmetry 33,504 33,504 0.002
------------------ --------------- --------------- ---------------
Total 741,884 9,772,147 0.568
--------------- --------------- ---------------
1 148,013 shares have been acquired by Lesley Shaw (PCA of Mark
Shaw).
2 158,937 shares have been acquired by Lynne Godfrey (PCA of
Colin Godfrey).
3 29,468 shares have been acquired by Amelia Dunlop and 29,469
shares have been acquired by Tom Dunlop (PCAs of James Dunlop).
4 50,000 shares have been acquired by Alfred Jackson Franklin
and 64,619 shares have been acquired by Daisy Franklin (PCAs of
Henry Franklin).
5 25,714 shares have been acquired by Lianne Hobart (PCA of
Bjorn Hobart).
6 10,784 shares have been acquired by Martine Whitehead (PCA of
Frankie Whitehead). Frankie Whitehead became a PDMR of the Company
on 7 December 2020.
(*The figure above includes an adjustment following shares
acquired through an automated dividend reinvestment plan set up by
Bjorn Hobart and a move of shares into a personal ISA account. The
FCA has been notified of the adjustment.)
(**In respect of the staff of Tritax Management LLP and Tritax
Symmetry Management Ltd, these figures only include Ordinary Shares
issues or purchased pursuant to the management fee arrangements
with the respective companies.)
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group Tel: +44 (0) 20 7290 7522
Hana Beard (Company Secretary)
Ian Brown / Jo Blackshaw (Investor Relations)
Maitland/AMO (Media enquiries) Tel: +44 (0) 7747 113 930
James Benjamin tritax-maitland@maitland.co.uk
The Company's LEI is: 213800L6X88MIYPVR714
NOTES:
Tritax Big Box REIT plc (ticker: BBOX) 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 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 Lesley Shaw
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PCA of PDMR (Mark Shaw)
--------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of Ordinary Shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 148,013
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lynne Godfrey
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PCA of PDMR (Colin Godfrey)
--------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of Ordinary Shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 158,937
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Dunlop
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PDMR
--------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of Ordinary Shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 100,000
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
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 Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of Ordinary Shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 29,468
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
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 Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of Ordinary Shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 29,469
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alfred Jackson Franklin
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PCA of PDMR (Henry Franklin)
--------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of Ordinary Shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 50,000
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
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 Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of Ordinary Shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 64,619
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lianne Hobart
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PCA of PDMR (Bjorn Hobart)
--------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of ordinary shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 25,714
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
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 Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of ordinary shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 25,714
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Martine Whitehead
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status PCA of PDMR (Frankie Whitehead)
--------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Issue of ordinary shares
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) - GBP Volume(s)
--------------------------- --------------
169.92 pence per
share 10,784
------------------------------------------------------------------ --------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 March 2021 (expected date of listing
of shares)
--------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ----------------------------------------------
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END
DSHZZGMFDZNGMZM
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