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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 0.27% | 147.40 | 147.20 | 147.60 | 147.50 | 145.90 | 146.00 | 701,788 | 12:46:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 222.1M | 70M | 0.0368 | 39.97 | 2.8B |
TIDMBBOX
RNS Number : 1895D
Tritax Big Box REIT plc
05 October 2018
5 October 2018
TRITAX BIG BOX REIT PLC
(the "Company")
Issue of Ordinary Shares under the Investment Management Agreement,
PDMR Shareholdings and Total Voting Rights
The Board of the Company 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, in aggregate, 676,451 Ordinary Shares (the "Management Shares") to the senior executives of the investment team of the Manager as listed in the table below (the "Investment Team") and to certain members of staff of the Manager, subject only to Admission (defined below).
The issue price per Management Share is 143.815 pence (being the most recently published IFRS basic net asset value of 145.49 pence per Ordinary Share as at 30 June 2018, less the interim dividend of 1.675 pence per Ordinary Share paid to shareholders on 9 August 2018 in respect of the period from 1 April 2018 to 30 June 2018).
Application has been made for the Management 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 Shares will commence at 8.00 a.m. on 9 October 2018 ("Admission").
The Management Shares allotted and issued are subject to a minimum lock-in period of 12 months from Admission.
Director and PDMR Shareholdings
In accordance with article 19.3 of the Market Abuse Regulations 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 (and/or persons closely associated thereof) who have been issued Management Shares are listed in the table below.
PDMR Position Number of Number of % of issued Management Ordinary share capital Shares issued Shares held Non-executive director of the Company and a member of Investment Mark Shaw Team 155,228 1,112,788 0.075% ---------------- --------------- ------------- --------------- Investment Colin Godfrey Team 155,228 1,032,518 0.070% ---------------- --------------- ------------- --------------- Investment James Dunlop Team 155,228 981,557 0.067% ---------------- --------------- ------------- --------------- Investment Henry Franklin Team 111,943 729,985 0.050% ---------------- --------------- ------------- --------------- Investment Bjorn Hobart Team 25,114 108,885 0.007% ---------------- --------------- ------------- --------------- Investment Petrina Austin Team 25,114 88,925 0.006% ---------------- --------------- ------------- --------------- Tritax Management LLP Manager - 83,161 0.006% ---------------- --------------- ------------- --------------- Staff of Tritax Management Staff of the LLP* Manager 48,596 200,137 0.014% ---------------- --------------- ------------- --------------- Total* - 676,451 4,337,956 0.294% ---------------- --------------- ------------- ---------------
* In respect of the staff of Tritax Management LLP, this figure only includes Ordinary Shares issued pursuant to the management fee arrangements with the Manager.
Total Voting Rights
Immediately following Admission, the Company's issued share capital will consist of 1,474,233,401 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 (PR Adviser) Tel: 020 7680 6550 James Benjamin Email: tritax@newgatecomms.com Anna Geffert 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 pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq. ft. (measured by floor area, c. 67% of the Company's existing logistics facilities including forward funded developments are in excess of 500,000 sq ft), 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
October 08, 2018 02:00 ET (06:00 GMT)
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