TIDMBBOX
RNS Number : 8982X
Tritax Big Box REIT plc
23 December 2019
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL
ADVISERS IMMEDIATELY.
23 December 2019
NOTICE TO THE HOLDERS OF THE FOLLOWING NOTES ISSUED BY
TRITAX BIG BOX REIT PLC
(the "Issuer")
GBP250,000,000 2.625 per cent. Guaranteed Notes due 14 December
2026 (ISIN: XS1732146698) (the "2026 Notes")
GBP250,000,000 3.125 per cent. Guaranteed Notes due 14 December
2031 (ISIN: XS1732146938) (the "2031 Notes")
(together, the "Notes")
_______________________
NOTICE OF ADDITION OF GUARANTOR
_______________________
NOTICE IS HEREBY GIVEN THAT:
In accordance with Condition 3.4 of the Terms and Conditions of
the Notes and Clause 7.11 of the trust deed dated 23 November 2017
(the "Principal Trust Deed") made between the Issuer, certain
guarantors named therein (the "Original Guarantors") and BNY Mellon
Corporate Trustee Services Limited (the "Trustee"), by way of a
supplemental trust deed dated 18 December 2019 (the "Supplemental
Trust Deed", and, along with the Principal Trust Deed, the "Trust
Deed") made between the Issuer, Tritax Worksop 18 Limited, Tritax
Acquisition 45 Limited, Tritax Acquisition 46 Limited, Tritax
Acquisition 47 Limited and Tritax Acquisition 48 Limited (the
"Additional Guarantors") and the Trustee, the Additional Guarantors
have been added as additional guarantors to fully and
unconditionally guarantee, on a joint and several basis with the
Original Guarantors, the due and punctual payment of the principal
of and premium (if any) and interest on the Notes and of any other
amounts payable by the Issuer under the Trust Deed.
Information on the Additional Guarantors
Name of Jurisdiction of Date of Registered Number Registered Business Activity
Additional Incorporation Incorporation Address
Guarantor
Tritax Worksop 18 Jersey 16 September 2016 122092 13-14 Esplanade, Property
Limited St Helier, investment
Jersey, JE1 1EE
------------------ ------------------ ------------------ ------------------ ------------------
Tritax Jersey 29 March 2018 126091 13-14 Esplanade, Property
Acquisition 45 St Helier, investment
Limited Jersey, JE1 1EE
------------------ ------------------ ------------------ ------------------ ------------------
Tritax Jersey 24 July 2018 126926 13-14 Esplanade, Property
Acquisition 46 St Helier, investment
Limited Jersey, JE1 1EE
------------------ ------------------ ------------------ ------------------ ------------------
Tritax Jersey 24 July 2018 126927 13-14 Esplanade, Property
Acquisition 47 St Helier, investment
Limited Jersey, JE1 1EE
------------------ ------------------ ------------------ ------------------ ------------------
Tritax Jersey 19 September 2018 127335 13-14 Esplanade, Property
Acquisition 48 St Helier, investment
Limited Jersey, JE1 1EE
------------------ ------------------ ------------------ ------------------ ------------------
The Additional Guarantors are direct or indirect wholly-owned
subsidiaries of the Issuer.
Certain REIT Group audited consolidated figures
The figures in the table as set out below show, by relevant
category, the aggregate of the unaudited individual entity figures
adjusted for all consolidation items to arrive at the consolidated
REIT Group (being the Issuer and all of its subsidiary
undertakings) figures for gross rental income, operating profit
before changes in fair value of investment properties and net
assets as reflected in the REIT Group's audited financial
statements for the financial year ended 31 December 2018.
The main adjustments made to adjust the entity figures for
operating profit before changes in fair value of investment
properties to the Issuer's consolidated operating profit before
changes in fair value of investment properties are to (i) ignore
any inter group distributions and (ii) remove lease incentive
adjustments not applicable at the REIT Group level.
The main adjustments made to adjust the entity figures for net
assets to the Issuer's consolidated net assets are to (i) to
eliminate the value of investment in subsidiaries and (ii) to
eliminate all inter group balances.
Year ended and as at 31 December 2018
Issuer Guarantors Non-Guarantors Totals
GBP'000 % GBP'000 % GBP'000 % GBP'000 %
Gross rental income.................. - - 97,165 72.6 36,686 27.4 133,851 100.00
Operating profit before changes in fair value
of investment properties............... (17,886) (15.7) 99,132 87.1 32,514 28.6 113,760 100.00
Net assets............... 2,153 - 1,475,657 65.9 763,093 34.1 2,240,903 100.00
________________________________________________
For further information, please contact:
Tritax Group via Maitland below
Colin Godfrey (Partner, Fund Manager)
Frankie Whitehead
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 Issuer'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 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
This announcement has been issued through the Companies
Announcement Service of Euronext Dublin.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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