TIDMEBOX TIDMBOXE

RNS Number : 2541C

Tritax EuroBox PLC

06 February 2020

6 February 2020

Tritax EuroBox plc

(the "Company")

PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT

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 116,416 ordinary shares in the capital of the Company ("Ordinary Shares") on behalf of certain members of staff of the Manager (the "Management Shares"). The Management Shares were acquired on 5 February 2020 at 90.2 pence per share.

Under the terms of the management fee arrangements, 10 per cent. of the management fee (net of any applicable tax) from 1 January 2019 to 30 September 2019 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.

PDMR Shareholdings

In accordance with article 19.3 of the Market Abuse Regulations on admission the beneficial interests of the 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 Shares    share capital 
                                       Shares acquired         held 
                       Investment 
     Mark Shaw             Team            18,192            143,640            0.0340 
                     --------------  -----------------  -----------------  --------------- 
                       Investment 
   Colin Godfrey           Team            18,192            143,640            0.0340 
                     --------------  -----------------  -----------------  --------------- 
                       Investment 
    James Dunlop           Team            18,192            143,640            0.0340 
                     --------------  -----------------  -----------------  --------------- 
                       Investment 
   Henry Franklin          Team            13,119             96,775            0.0229 
                     --------------  -----------------  -----------------  --------------- 
                       Investment 
    Bjorn Hobart           Team            2,943              22,943            0.0054 
                     --------------  -----------------  -----------------  --------------- 
                       Investment 
   Petrina Austin          Team            2,943              22,943            0.0054 
                     --------------  -----------------  -----------------  --------------- 
                       Investment 
    Nick Preston           Team            12,535             73,114            0.0173 
                     --------------  -----------------  -----------------  --------------- 
 Tritax Management       Manager             -                  -                 - 
         LLP 
                     --------------  -----------------  -----------------  --------------- 
  Staff of Tritax 
     Management       Staff of the 
         LLP             Manager           30,300             60,102            0.0142 
                     --------------  -----------------  -----------------  --------------- 
               Total*                     116,416            706,797            0.1672 
                                     -----------------  -----------------  --------------- 
 

For further information, please contact:

 
 Tritax Group 
  Hana Beard (Company Secretary)          +44 (0) 20 7290 1616 
 
 Jefferies International Limited 
  Gary Gould 
  Stuart Klein                            +44 (0) 20 7029 8000 
 Kempen & Co N.V. 
  Dick Boer 
  Thomas ten Hoedt                        +31 (0) 20 348 8500 
 Akur Limited                             +44 (0)20 7493 3631 
 Anthony Richardson 
  Tom Frost 
  Siobhan Sergeant 
 
 Maitland/AMO (Communications Adviser)    +44 (0) 20 7379 5151 
  James Benjamin                           Email: tritax-maitland@maitland.co.uk 
 

The Company's LEI is: 213800HK59N7H979QU33.

NOTES:

Tritax EuroBox plc invests and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries.

Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation, set against a backdrop of resurgent economic growth across much of Continental Europe.

The Company is targeting, on a fully invested and geared basis, an initial Ordinary Share dividend yield of 4.75% p.a.(1) , which is expected to increase progressively through regular indexation events inherent in underlying lease agreements, and a total return on the Ordinary Shares of 9.0% p.a.(1) over the medium-term. The Company intends to pay dividends on a quarterly basis with shareholders able to receive dividends in Sterling or Euro.

Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk

1. Euro denominated returns, by reference to IPO issue price. These are targets only and not profit forecasts. There can be no assurances that these targets will be met and they should not be taken as indications of the Company's expected or actual future results. Accordingly, potential investors should not place any reliance on the target in deciding whether or not to invest in the Company and should not assume that the Company will make any distributions at all and should decide themselves whether or not the target is reasonable or achievable.

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                                  Mark Shaw 
      -----------------------------------  ------------------------------------- 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9020                                                      18,192 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                  18,192 
 
  - Price                              GBP0.9020 
 
 e)    Date of the transaction              5 February 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London 
      -----------------------------------  ------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Colin Godfrey 
      -----------------------------------  ------------------------------------- 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9020                                                      18,192 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                  18,192 
 
  - Price                              GBP0.9020 
 
 e)    Date of the transaction              5 February 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London 
      -----------------------------------  ------------------------------------- 
 
 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9020                                                      18,192 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                  18,192 
 
  - Price                              GBP0.9020 
 
 e)    Date of the transaction              5 February 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London 
      -----------------------------------  ------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Henry Franklin 
      -----------------------------------  ------------------------------------- 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9020                                                      13,119 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                  13,119 
 
  - Price                              GBP0.9020 
 
 e)    Date of the transaction              5 February 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London 
      -----------------------------------  ------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Bjorn Hobart 
      -----------------------------------  ------------------------------------- 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9020                                                      2,943 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                  2,943 
 
  - Price                              GBP0.9020 
 
 e)    Date of the transaction              5 February 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London 
      -----------------------------------  ------------------------------------- 
 
 
 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 EuroBox plc 
      -----------------------------------  ---------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ---------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s) 
                                            ----------------------  ------------- 
                                             Price(s) - GBP          Volume(s) 
                                            ----------------------  ------------- 
    GBP0.9020                                                        2,943 
   ---------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                  2,943 
 
  - Price                              GBP0.9020 
 
 e)    Date of the transaction              5 February 2020 
      -----------------------------------  ---------------------------------------- 
 f)    Place of the transaction             London 
      -----------------------------------  ---------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Nicholas Preston 
      -----------------------------------  ------------------------------------- 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9020                                                      12,535 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                  12,535 
 
  - Price                              GBP0.9020 
 
 e)    Date of the transaction              5 February 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London 
      -----------------------------------  ------------------------------------- 
 

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END

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February 06, 2020 10:57 ET (15:57 GMT)

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