TIDMBBOX
RNS Number : 5434G
Tritax Big Box REIT plc
18 March 2020
18 March 2020
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 1,342,643 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 17 March 2020 at a price of 88.02 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 Regulation
the beneficial interests of 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 issued Shares held
Investment
Mark Shaw Team 309,643 1,972,846 0.116
-------------- --------------- ------------- ---------------
Investment
Colin Godfrey(1) Team 309,643 1,938,709 0.114
-------------- --------------- ------------- ---------------
Investment
James Dunlop(2) Team 309,643 1,876,348 0.110
-------------- --------------- ------------- ---------------
Investment
Henry Franklin(3) Team 223,301 1,418,250 0.083
-------------- --------------- ------------- ---------------
Investment
Bjorn Hobart Team 50,097 238,412 0.014
-------------- --------------- ------------- ---------------
Investment
Petrina Austin Team 50,097 218,325 0.013
-------------- --------------- ------------- ---------------
Tritax Management
LLP M anager - 95,030 0.006
-------------- --------------- ------------- ---------------
Staff of Tritax
Management S taff of
LLP* the Manager 90,219 389,606 0.023
-------------- --------------- ------------- ---------------
Total 1,342,643 8,147,526 0.479
--------------- ------------- ---------------
1 309,643 shares have been acquired by Adam Godfrey (PCA of
Colin Godfrey)
2 154,822 shares have been acquired by Amelia Dunlop and 154,821
shares have been acquired by Tom Dunlop (PCAs of James Dunlop)
3 223,301 shares have been acquired by Daisy Franklin (PCA of
Henry Franklin)
* 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/AMO (below)
Colin Godfrey (Partner, Fund Manager)
Hana Beard (Group Company Secretary)
Maitland/AMO (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 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 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 Purchase of Ordinary Shares
----------------------------------- -------------------------------------
c) Price(s) and volume(s)
-------------------- ------------
Price(s) - GBP Volume(s)
-------------------- ------------
GBP0.8802 309,643
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 March 2020
----------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Adam 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 Purchase of Ordinary Shares
----------------------------------- -------------------------------------
c) Price(s) and volume(s)
-------------------- ------------
Price(s) - GBP Volume(s)
-------------------- ------------
GBP0.8802 309,643
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 March 2020
----------------------------------- -------------------------------------
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 Purchase of Ordinary Shares
----------------------------------- -------------------------------------
c) Price(s) and volume(s)
-------------------- ------------
Price(s) - GBP Volume(s)
-------------------- ------------
GBP0.8802 154,822
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 March 2020
----------------------------------- -------------------------------------
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 Purchase of Ordinary Shares
----------------------------------- -------------------------------------
c) Price(s) and volume(s)
-------------------- ------------
Price(s) - GBP Volume(s)
-------------------- ------------
GBP0.8802 154,821
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 March 2020
----------------------------------- -------------------------------------
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 Purchase of Ordinary Shares
----------------------------------- -------------------------------------
c) Price(s) and volume(s)
-------------------- ------------
Price(s) - GBP Volume(s)
-------------------- ------------
GBP0.8802 223,301
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 March 2020
----------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------- -------------------------------------
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 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 Purchase of ordinary shares
----------------------------------- -------------------------------------
c) Price(s) and volume(s)
-------------------- ------------
Price(s) - GBP Volume(s)
-------------------- ------------
GBP0.8802 50,097
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 March 2020
----------------------------------- -------------------------------------
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 Purchase of ordinary shares
----------------------------------- ---------------------------------------
c) Price(s) and volume(s)
---------------------- ------------
Price(s) - GBP Volume(s)
---------------------- ------------
GBP0.8802 50,097
--------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 March 2020
----------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------- ---------------------------------------
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END
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