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BBOX Tritax Big Box Reit Plc

156.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tritax Big Box Reit Plc LSE:BBOX London Ordinary Share GB00BG49KP99 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 156.60 156.20 156.60 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 222.1M 70M 0.0368 42.55 2.98B

Tritax Big Box REIT plc Issue of Ordinary Shares and PDMR Shareholdings (5474Z)

18/09/2015 1:06pm

UK Regulatory


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RNS Number : 5474Z

Tritax Big Box REIT plc

18 September 2015

18 September 2015

TRITAX BIG BOX REIT PLC

(the "Company")

Issue of Ordinary Shares under the Investment Management Agreement and PDMR Shareholdings

The Board of Tritax Big Box REIT plc (ticker: BBOX) announces that, in accordance with the terms of the management fee arrangements with Tritax Management LLP (the "Manager") pursuant to which 25 per cent. of the management fee is payable in new ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares"), it has today issued 290,795 Ordinary Shares (the "Management Ordinary Shares"), subject only to Admission (defined below).

The issue price per Management Ordinary Share is 114.68p (being the most recently published net asset value of 116.68p per Ordinary Share as at 30 June 2015, less the two interim dividends of 1.5p and 0.5p per Ordinary Share declared on 8 June 2015 and 21 August 2015 respectively).

Application has been made for the Management Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the main market of the London Stock Exchange. It is expected that dealings in the Management Ordinary Shares will commence at 8.00 a.m. on 21 September 2015 ("Admission").

The Ordinary Shares allotted and issued to the Manager set out above are subject to a minimum lock-in period of 12 months from Admission.

Director and PDMR Shareholdings

In accordance with DTR 3.1.4(1)(a), on Admission the beneficial interests of the directors of the Company and senior executives of the Investment Team with day-to-day management responsibility in connection with services provided to the Company will be as follows:

 
      PDMR            Position         Number of        % of issued 
                                     Ordinary Shares    share capital 
                                          held 
----------------  ---------------  -----------------  --------------- 
                   Non-executive 
                    director and 
                     a member of 
                     Investment 
    Mark Shaw           Team            320,094            0.05% 
----------------  ---------------  -----------------  --------------- 
                     Investment 
  Colin Godfrey         Team            248,535            0.04% 
----------------  ---------------  -----------------  --------------- 
                     Investment 
  James Dunlop          Team            248,535            0.04% 
----------------  ---------------  -----------------  --------------- 
                     Investment 
 Henry Franklin         Team            196,436            0.03% 
----------------  ---------------  -----------------  --------------- 
 

Total Voting Rights

Immediately following Admission, the Company's issued share capital will consist of 677,840,088 Ordinary Shares with voting rights. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
Tritax Group              via Newgate (below) 
 Colin Godfrey (Partner, 
 Fund Manager) 
 
Newgate (Financial PR)    Tel: 020 7680 6550 
 James Benjamin            Email: tritax@newgatecomms.com 
 Andre Hamlyn 
 
Jefferies International   Tel: 020 7029 8000 
 Limited 
 Gary Gould 
 Stuart Klein 
 Alex Collins 
 
Akur Limited              Tel: 020 7493 3631 
 Anthony Richardson 
 Tom Frost 
 Siobhan Sergeant 
 

NOTES:

Tritax Big Box REIT plc is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"). The Company invests in and asset manages a portfolio of well-located, modern "Big Box" assets, typically targeting buildings greater than 500,000 sq. ft., let to institutional-grade tenants on long-term leases (typically between 12 and 25 years in length) with upward-only rent reviews (providing the potential for inflation linked earnings growth), and with 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 in high growth areas of the economy and limited stock supply. The Company is the first listed vehicle to give pure exposure to the "Big Box" asset class in the UK.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGMGMLZRFGKZM

(END) Dow Jones Newswires

September 18, 2015 08:06 ET (12:06 GMT)

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