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EBOX Tritax Eurobox Plc

49.45
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tritax Eurobox Plc LSE:EBOX London Ordinary Share GB00BG382L74 ORD EUR0.01 (GBP)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 49.45 49.50 49.75 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 79.89M -223.36M -0.2768 -1.79 399.37M

Tritax EuroBox PLC Purchase of Management Shares (3675Q)

18/06/2020 9:48am

UK Regulatory


Tritax Eurobox (LSE:EBOX)
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From Apr 2019 to Apr 2024

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TIDMEBOX TIDMBOXE

RNS Number : 3675Q

Tritax EuroBox PLC

18 June 2020

18 June 2020

Tritax EuroBox plc

(the "Company")

PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT

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 99,129 Ordinary Shares in the capital of the Company ("Ordinary Shares") on behalf of certain members of staff of the Manager (the "Management Shares"). The Management Shares were acquired on 17 June 2020 at 92.4 pence per share.

Under the terms of the management fee arrangements, 10 per cent. of the management fee (net of any applicable tax) from 1 October 2019 to 31 March 2020 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.

PDMR Shareholdings

In accordance with article 19.3 of the Market Abuse Regulations, on settlement, the beneficial interests of the 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 Shares    share capital 
                                     Shares acquired         held 
                     Investment 
    Mark Shaw            Team            13,936            157,576            0.0373 
                   --------------  -----------------  -----------------  --------------- 
                     Investment 
  Colin Godfrey*         Team            13,429            157,069            0.0372 
                   --------------  -----------------  -----------------  --------------- 
                     Investment 
   James Dunlop          Team            13,429            157,069            0.0372 
                   --------------  -----------------  -----------------  --------------- 
                     Investment 
  Henry Franklin         Team            9,685             106,460            0.0252 
                   --------------  -----------------  -----------------  --------------- 
                     Investment 
   Bjorn Hobart          Team            2,173              25,116            0.0059 
                   --------------  -----------------  -----------------  --------------- 
                     Investment 
  Petrina Austin         Team            2,173              25,116            0.0059 
                   --------------  -----------------  -----------------  --------------- 
                     Investment 
   Nick Preston          Team            12,462             85,576            0.0202 
                   --------------  -----------------  -----------------  --------------- 
 Staff of Tritax 
    Management      Staff of the 
        LLP            Manager           31,842             91,944            0.0218 
                   --------------  -----------------  -----------------  --------------- 
              Total                      99,129            805,926            0.1907 
                                   -----------------  -----------------  --------------- 
 

*13,429 shares have been acquired by Lynne Godfrey (PCA of Colin Godfrey)

For further information, please contact:

 
 Tritax Group 
  Hana Beard (Company Secretary)          +44 (0) 20 7290 1616 
 
 Jefferies International Limited 
  Tom Yeadon 
  Stuart Klein                            +44 (0) 20 7029 8000 
 Kempen & Co N.V. 
  Dick Boer 
  Thomas ten Hoedt                        +31 (0) 20 348 8500 
 Akur Limited                             +44 (0)20 7493 3631 
 Anthony Richardson 
  Tom Frost 
  Siobhan Sergeant 
 
 Maitland/AMO (Communications Adviser)    +44 (0) 20 7379 5151 
  James Benjamin                           Email: tritax-maitland@maitland.co.uk 
 

The Company's LEI is: 213800HK59N7H979QU33.

NOTES:

Tritax EuroBox plc invests and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries.

Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation, set against a backdrop of resurgent economic growth across much of Continental Europe.

The Company is targeting, on a fully invested and geared basis, an initial Ordinary Share dividend yield of 4.75% p.a.(1) , which is expected to increase progressively through regular indexation events inherent in underlying lease agreements, and a total return on the Ordinary Shares of 9.0% p.a.(1) over the medium-term. The Company intends to pay dividends on a quarterly basis with shareholders able to receive dividends in Sterling or Euro.

Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk

1. Euro denominated returns, by reference to IPO issue price. These are targets only and not profit forecasts. There can be no assurances that these targets will be met and they should not be taken as indications of the Company's expected or actual future results. Accordingly, potential investors should not place any reliance on the target in deciding whether or not to invest in the Company and should not assume that the Company will make any distributions at all and should decide themselves whether or not the target is reasonable or achievable.

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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9240                                                      13,936 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction              17 June 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London Stock Exchange (XLON) 
      -----------------------------------  ------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Lynne 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9240                                                      13,429 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction              17 June 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9240                                                      13,429 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction              17 June 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London Stock Exchange (XLON) 
      -----------------------------------  ------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Henry Franklin 
      -----------------------------------  ------------------------------------- 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9240                                                      9,685 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction              17 June 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9240                                                      2,173 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction              17 June 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 EuroBox plc 
      -----------------------------------  ---------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ---------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s) 
                                            ----------------------  ------------- 
                                             Price(s) - GBP          Volume(s) 
                                            ----------------------  ------------- 
    GBP0.9240                                                        2,173 
   ---------------------------------------------------------------  ------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction              17 June 2020 
      -----------------------------------  ---------------------------------------- 
 f)    Place of the transaction             London Stock Exchange (XLON) 
      -----------------------------------  ---------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Nicholas Preston 
      -----------------------------------  ------------------------------------- 
 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 EuroBox plc 
      -----------------------------------  ------------------------------------- 
 b)    LEI                                  213800HK59N7H979QU33 
      -----------------------------------  ------------------------------------- 
 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: GB00BG382L74 
 
 b)    Nature of the transaction            Purchase of ordinary shares 
      -----------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                            --------------------  ------------ 
                                             Price(s) - GBP        Volume(s) 
                                            --------------------  ------------ 
    GBP0.9240                                                      12,462 
   -------------------------------------------------------------  ------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction              17 June 2020 
      -----------------------------------  ------------------------------------- 
 f)    Place of the transaction             London Stock Exchange (XLON) 
      -----------------------------------  ------------------------------------- 
 

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

June 18, 2020 04:48 ET (08:48 GMT)

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