TIDMBBOX

RNS Number : 6849M

Tritax Big Box REIT plc

18 September 2019

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 GBP0.01 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        Number of      % of issued 
                                         Management        Ordinary      share capital 
                                       Shares acquired    Shares held 
                      Investment 
 Mark Shaw             Team               182,095         1,540,584         0.090% 
                     --------------  -----------------  -------------  --------------- 
                      Investment 
 Colin Godfrey         Team                 182,095(1)    1,506,447         0.088% 
                     --------------  -----------------  -------------  --------------- 
                      Investment 
 James Dunlop          Team               182,095         1,444,086         0.085% 
                     --------------  -----------------  -------------  --------------- 
                      Investment 
 Henry Franklin        Team               131,319         1,072,330         0.063% 
                     --------------  -----------------  -------------  --------------- 
                      Investment 
 Bjorn Hobart          Team                29,461          176,053          0.010% 
                     --------------  -----------------  -------------  --------------- 
                      Investment 
 Petrina Austin        Team                29,461          155,966          0.009% 
                     --------------  -----------------  -------------  --------------- 
 Tritax Management 
  LLP                 Manager                -              94,008          0.006% 
                     --------------  -----------------  -------------  --------------- 
 Staff of Tritax 
  Management          Staff of the 
  LLP*                 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:

 
Tritax Group                            via Maitland (below) 
  Colin Godfrey (Partner, Fund Manager) 
 Maitland (Communications Adviser)       Tel: 020 7379 5151 
  James Benjamin                          tritax-maitland@maitland.co.uk 
 
 Jefferies International Limited         Tel: 020 7029 8000 
  Gary Gould 
  Stuart Klein 
 
 Akur Limited                            Tel: 020 7493 3631 
  Anthony Richardson 
  Tom Frost 
  Siobhan Sergeant 
 

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            Initial notification 
       / amendment 
     ------------------------------  ------------------------------------------------- 
 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    Ordinary Shares of 1p each 
       instrument 
     ------------------------------  ------------------------------------------------- 
 b)   Identification code             GB00BG49KP99 
     ------------------------------  ------------------------------------------------- 
 c)   Nature of the transaction       Purchase of Ordinary Shares under the Investment 
                                       Management Agreement 
     ------------------------------  ------------------------------------------------- 
 d)   Price(s) and volume(s)           Price              Volume 
                                        GBP 143.94 pence   182,095 Ordinary 
                                         per share          Shares 
     ------------------------------  ------------------------------------------------- 
 e)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
     ------------------------------  ------------------------------------------------- 
 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            Initial notification 
       / amendment 
     ------------------------------  ------------------------------------------------- 
 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    Ordinary Shares of 1p each 
       instrument 
     ------------------------------  ------------------------------------------------- 
 b)   Identification code             GB00BG49KP99 
     ------------------------------  ------------------------------------------------- 
 c)   Nature of the transaction       Purchase of Ordinary Shares under the Investment 
                                       Management Agreement 
     ------------------------------  ------------------------------------------------- 
 d)   Price(s) and volume(s)           Price              Volume 
                                        GBP 143.94 pence   182,095 Ordinary 
                                         per share          Shares 
     ------------------------------  ------------------------------------------------- 
 e)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
     ------------------------------  ------------------------------------------------- 
 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            Initial notification 
       / amendment 
     ------------------------------  ------------------------------------------------- 
 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    Ordinary Shares of 1p each 
       instrument 
     ------------------------------  ------------------------------------------------- 
 b)   Identification code             GB00BG49KP99 
     ------------------------------  ------------------------------------------------- 
 c)   Nature of the transaction       Purchase of Ordinary Shares under the Investment 
                                       Management Agreement 
     ------------------------------  ------------------------------------------------- 
 d)   Price(s) and volume(s)           Price              Volume 
                                        GBP 143.94 pence   182,095 Ordinary 
                                         per share          Shares 
     ------------------------------  ------------------------------------------------- 
 e)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
     ------------------------------  ------------------------------------------------- 
 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            Initial notification 
       / amendment 
     ------------------------------  ------------------------------------------------- 
 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    Ordinary Shares of 1p each 
       instrument 
     ------------------------------  ------------------------------------------------- 
 b)   Identification code             GB00BG49KP99 
     ------------------------------  ------------------------------------------------- 
 c)   Nature of the transaction       Purchase of Ordinary Shares under the Investment 
                                       Management Agreement 
     ------------------------------  ------------------------------------------------- 
 d)   Price(s) and volume(s)           Price              Volume 
                                        GBP 143.94 pence   131,319 Ordinary 
                                         per share          Shares 
     ------------------------------  ------------------------------------------------- 
 e)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
     ------------------------------  ------------------------------------------------- 
 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            Initial notification 
       / amendment 
     ------------------------------  ------------------------------------------------- 
 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    Ordinary Shares of 1p each 
       instrument 
     ------------------------------  ------------------------------------------------- 
 b)   Identification code             GB00BG49KP99 
     ------------------------------  ------------------------------------------------- 
 c)   Nature of the transaction       Purchase of Ordinary Shares under the Investment 
                                       Management Agreement 
     ------------------------------  ------------------------------------------------- 
 d)   Price(s) and volume(s)           Price              Volume 
                                        GBP 143.94 pence   29,461 Ordinary 
                                         per share          Shares 
     ------------------------------  ------------------------------------------------- 
 e)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
     ------------------------------  ------------------------------------------------- 
 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            Initial notification 
       / amendment 
     ------------------------------  ------------------------------------------------- 
 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    Ordinary Shares of 1p each 
       instrument 
     ------------------------------  ------------------------------------------------- 
 b)   Identification code             GB00BG49KP99 
     ------------------------------  ------------------------------------------------- 
 c)   Nature of the transaction       Purchase of Ordinary Shares under the Investment 
                                       Management Agreement 
     ------------------------------  ------------------------------------------------- 
 d)   Price(s) and volume(s)           Price              Volume 
                                        GBP 143.94 pence   29,461 Ordinary 
                                         per share          Shares 
     ------------------------------  ------------------------------------------------- 
 e)        Aggregated information 
             *    Aggregated volume     N/A - single transaction 
 
 
             *    Aggregated price 
     ------------------------------  ------------------------------------------------- 
 f)   Date of the transaction         16 September 2019 
     ------------------------------  ------------------------------------------------- 
 g)   Place of the transaction        London Stock Exchange 
     ------------------------------  ------------------------------------------------- 
 

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END

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September 18, 2019 02:01 ET (06:01 GMT)

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