TIDMBBOX
RNS Number : 8033Y
Tritax Big Box REIT plc
11 September 2020
11 September 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 762,014 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 10 September 2020 at a price of 152.76 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 acquired Shares held
Investment
Mark Shaw(1) Team 177,874 2,150,720 0.126
-------------- ----------------- ------------- ---------------
Investment
Colin Godfrey(2) Team 171,406 2,110,115 0.124
-------------- ----------------- ------------- ---------------
Investment
James Dunlop Team 171,406 2,047,754 0.120
-------------- ----------------- ------------- ---------------
Investment
Henry Franklin(3) Team 123,610 1,541,860 0.090
-------------- ----------------- ------------- ---------------
Investment
Bjorn Hobart(4) Team 27,732 266,144 0.016
-------------- ----------------- ------------- ---------------
Petrina Porter
( née Investment
Austin) Team 27,732 246,057 0.014
-------------- ----------------- ------------- ---------------
Tritax Management
LLP M anager - 95,030 0.006
-------------- ----------------- ------------- ---------------
Staff of Tritax
Management S taff of
LLP* the Manager 62,254 451,860 0.026
-------------- ----------------- ------------- ---------------
Total 762,014 8,909,540 0.522
----------------- ------------- ---------------
1 177,874 shares have been acquired by Lesley Shaw (PCA of Mark
Shaw)
2 85,703 have been acquired by Adam Godfrey and 85,703 have been
acquired by Harriet Godfrey (PCAs of Colin Godfrey)
3 123,610 shares have been acquired by Alfred Jackson Franklin
(PCA of Henry Franklin)
4 27,732 shares have been acquired by Lianne Hobart (PCA of
Bjorn Hobart)
* 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 Tel: +44 (0) 20 8051 5057
Colin Godfrey (CEO, Fund Management)
Frankie Whitehead (Finance Director)
Ian Brown / Jo Blackshaw (Investor Relations)
Maitland/AMO (Media enquiries) Tel: +44 (0) 20 7379 5151
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 Purchase of Ordinary Shares
--------------------------------- ---------------------------------------
c) Price(s) and volume(s)
---------------------- ------------
Price(s) - GBP Volume(s)
---------------------- ------------
152.76 pence per
share 177,874
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 10 September 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)
---------------------- ------------
152.76 pence per
share 85,703
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 10 September 2020
--------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Harriet 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)
---------------------- ------------
152.76 pence per
share 85,703
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 10 September 2020
--------------------------------- ---------------------------------------
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 Purchase of Ordinary Shares
--------------------------------- ---------------------------------------
c) Price(s) and volume(s)
---------------------- ------------
Price(s) - GBP Volume(s)
---------------------- ------------
152.76 pence per
share 171,406
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 10 September 2020
--------------------------------- ---------------------------------------
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 Purchase of Ordinary Shares
--------------------------------- ---------------------------------------
c) Price(s) and volume(s)
---------------------- ------------
Price(s) - GBP Volume(s)
---------------------- ------------
152.76 pence per
share 123,610
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 10 September 2020
--------------------------------- ---------------------------------------
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 Purchase of ordinary shares
--------------------------------- ---------------------------------------
c) Price(s) and volume(s)
---------------------- ------------
Price(s) - GBP Volume(s)
---------------------- ------------
152.76 pence per
share 27,732
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 10 September 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)
---------------------- ------------
152.76 pence per
share 27,732
------------------------------------------------------------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 10 September 2020
--------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ---------------------------------------
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END
DSHFLFFEATILLII
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September 11, 2020 11:31 ET (15:31 GMT)
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