REG - Titanium Ruth Bidco Tritax EuroBox PLC - Rule 19.6(b) update and Rule 19.6(c) confirmation

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RNS Number : 0690L  Titanium Ruth Bidco Ltd  10 December 2025

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE
19.6(B) AND RULE 19.6(C)(II) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE
"CODE").

 

10 December 2025

 

Titanium Ruth Bidco Limited ("Bidco")

(a company indirectly wholly owned by one of Brookfield's real estate private
funds)

 

Rule 19.6(b) update and Rule 19.6(c) confirmation with respect to post-offer
intention statements made regarding Titanium Ruth Holdco Limited (formerly
Tritax EuroBox plc) ("Tritax EuroBox")

Pursuant to Rule 19.6(c)(ii) of the Code, and further to completion of Bidco's
recommended cash acquisition of the entire issued and to be issued share
capital of Tritax EuroBox, which was implemented by way of a Court-sanctioned
scheme of arrangement under Part 26 of the Companies Act 2006 and became
effective on 10 December 2024 (the "Transaction"), Bidco announces that it has
duly confirmed in writing to the Panel on Takeovers and Mergers that, subject
to the matters detailed below, it has complied with the post-offer intention
statements made pursuant to Rule 2.7(c)(viii) and Rule 24.2 of the Code, as
detailed in its announcement of 10 October 2024 and in the scheme document
published by Tritax EuroBox on 28 October 2024 (the "Scheme Document" and
together with the Rule 2.7 Announcement, the "Offer Documentation") and as
subsequently updated in its announcement on 7 May 2025. Capitalised terms used
in this announcement but not otherwise defined shall have their meaning given
to them in the Scheme Document.

The Offer Documentation stated that Bidco intended to explore the potential
sale of certain properties within the Tritax EuroBox property portfolio and
that, subject to prevailing market conditions, the proceeds of such sales
would represent approximately 20-30% of the gross value of the Tritax EuroBox
property portfolio. In addition to the sale of certain assets of Tritax
EuroBox to SELP European Holdings S.à r.l. ("SELP") on 4 March 2025, Bidco
has recently completed the sale of an additional property within the Tritax
EuroBox property portfolio. Subject to the finalisation of customary
post-closing adjustment in respect of such additional sale, the aggregate
proceeds realised from all sales (including those to SELP) are expected to
represent approximately 42% of the gross value of the Tritax EuroBox property
portfolio.

Enquiries:

 Brookfield
 John Hamlin   +44 (0) 7436 054 717
 Marie Fuller  +44 (0) 20 7408 8375

 

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