REG - Tritax Big Box REIT - Issue of Equity

Tritax Big Box REITAnnouncement

14/08/2023 13:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230814:nRSN2578Ja&default-theme=true

RNS Number : 2578J  Tritax Big Box REIT plc  14 August 2023

14 August 2023

TRITAX BIG BOX REIT PLC

(the "Company")

 
                Issue of Equity

 

Tritax Big Box REIT plc, a UK leader in high-quality logistics real estate,
today announces the issue of        34,911,333 new ordinary shares in
the Company ("Ordinary Shares") at an issue price of £1.4200 per share, being
the closing mid-market share price on Thursday, 10 August 2023 (being the date
immediately prior to the allotment of the new Ordinary Shares).

The 34,911,333 new Ordinary Shares have been issued to certain members of the
original Tritax Symmetry Holdings Limited ("TSHL") management team as part of
the settlement of their incentive arrangements agreed at the time of the
acquisition of TSHL in February 2019.

Details of these arrangements were set out in the Company's announcement of
its half year results to 30 June 2023, released on 3 August 2023.

Admission

Applications have been made for the 34,911,333 new 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
new Ordinary Shares will commence at 8.00 a.m. on Thursday, 17 August 2023
("Admission").

Total Voting Rights

Immediately following Admission, the Company's issued share capital will
consist of 1,903,738,325 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 interests in, or change to
their interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

( )

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Tritax Group                                                     Tel: +44 (0) 20 7290 7522

 Hana Beard (Company Secretary)
 Ian Brown (Head of Corporate Strategy & Investor Relations)

 Kekst CNC (Communications Adviser)                               Tel: +44 (0) 7971 578 507

 Neil Maitland/Tom Climie                                         tritax@kekstcnc.com

 

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 (http://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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEFLFVFTRISLIV