Tritax Big Box REIT plc Chairman Succession (5822L)
13 Enero 2021 - 7:08AM
UK Regulatory
TIDMBBOX
RNS Number : 5822L
Tritax Big Box REIT plc
13 January 2021
13 January 2021
TRITAX BIG BOX REIT PLC
CHAIRMAN sUCCESSION
The Board of Tritax Big Box REIT plc (ticker: BBOX) ('the
Company') announces that Sir Richard Jewson KCVO JP has informed
the Board of his intention to retire as Chairman of the Company at
the next Annual General Meeting ('AGM') in May 2021.
The Board would like to express its deep thanks to Sir Richard
for his guidance, wisdom and service and his significant
contribution to the growth of the Company over the past seven years
as Chairman and wish him all the very best for the future. During
Sir Richard's time as Chairman, he led the Company's successful IPO
in December 2013 and subsequent equity raises totalling GBP2.0
billion in aggregate and he has overseen the growth in value of the
Company's portfolio to GBP4.2 billion across 61 assets as at 30
June 2020, and the acquisition of Tritax Symmetry in February
2019.
The Board is pleased to announce that Aubrey Adams OBE, the
current Senior Independent Director of the Company, will be
appointed as Chairman with effect from the 2021 AGM. This
appointment is the result of a thorough and comprehensive Chairman
succession planning process, which was supported by external
consultants, Korn Ferry, and forms part of the Board succession
planning programme as previously stated in the Company's 2020
Annual Report and Accounts and results for the six months ended 30
June 2020 announced in August 2020.
The Board is delighted to welcome Aubrey as Chairman, who brings
over 40 years' experience at board level in the real estate sector,
including part of his executive career as chief executive of
Savills plc for 17 years until 2008. He is currently Group Chair of
L&Q Housing Trust, one of the largest housing associations in
the UK. He previously chaired Max Property Group plc and was a
non-executive director of The British Land Company PLC and senior
independent director of Associated British Ports plc. Aubrey
combines this extensive experience with his first-hand knowledge
and understanding of the business and the Manager, having been
appointed in September 2017 as Non-Executive Director and in March
2019 as Senior Independent Director.
Sir Richard Jewson KCVO JP, Chairman of Tritax Big Box REIT plc,
commented:
"It has been a privilege to serve as Chairman of Tritax Big Box
REIT plc since IPO, working closely with an excellent Board and the
outstanding Tritax Management team. Much has been achieved and the
Company is well positioned to make further progress."
Aubrey Adams OBE, Senior Independent Director, commented:
"I am honoured to accept the role of Chairman at Tritax Big Box
REIT plc and, on behalf of the Board, I would like to express my
deep thanks to Sir Richard for his invaluable contribution to the
growth and success of the Company and for the strong legacy he
leaves, a business in excellent condition and very well placed to
continue to deliver resilient, growing and sustainable income and
attractive capital growth. Sir Richard departs the business with
our very best wishes."
This announcement is made for the purposes of Rule 9.6.11R of
the Listing Rules.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group
Hana Beard (Company Secretary) +44 (0) 20 7290 1616
Maitland/AMO (Communications Adviser) +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
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END
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