REG - Tritax Big Box REIT - PURCHASE OF ORDINARY SHARES BY PDMRS
06/03/2023 17:15
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RNS Number : 0586S Tritax Big Box REIT plc 06 March 2023
6 March 2023
TRITAX BIG BOX REIT PLC
(the "Company")
purchase of ordinary shares by pdmrs
The Board of the Company announces that in accordance with:
a) the terms of the Investment Management Agreement between the Company
and Tritax Management LLP (the "Manager") dated 4 May 2022 pursuant to which
25 per cent. of the management fee (net of any applicable tax) is to be
applied to the purchase of ordinary shares of the Company ("Ordinary
Shares"), the Manager has acquired in the market a total of 1,772,824 Ordinary
Shares on behalf of certain partners and employees of the Manager, including
the persons discharging managerial responsibilities ("PDMRs") referred to
below, and abrdn Holdings Limited ("abrdn"); and
b) the terms of the Bonus Agreement between the Company and Tritax
Symmetry Management Limited ("Tritax Symmetry") dated 27 January 2021,
pursuant to which 20 per cent. of the deal bonus fee (net of any applicable
taxes) is applied to the acquisition of Ordinary Shares, the Manager has
acquired in the market a total of 67,774 Ordinary Shares on behalf of certain
staff of Tritax Symmetry,
in both cases the Ordinary Shares were acquired on 2 March 2023 at £1.4775
per share.
PDMR Position Number of Ordinary Shares Acquired Number of Ordinary Shares held following the Acquisition % of issued share capital following the Acquisition
Colin Godfrey PDMR 118,703 2,700,072 0.1445%
James Dunlop(1) PDMR 118,703 2,637,711 0.1411%
Henry Franklin(2) PDMR 79,150 1,964,703 0.1051%
Bjorn Hobart(3) PDMR 22,214 391,512 0.0209%
Petrina Porter (née Austin) PDMR 22,214 346,109 0.0185%
Frankie Whitehead(4) PDMR 22,214 181,467 0.0097%
Abrdn Holdings Limited Member of Manager 1,257,418 3,224,833** 0.1726%
Tritax Management LLP Manager 0 95,275 0.0051%
Staff of the Management LLP(5) Staff of Manager 132,208 855,612** 0.0458%
Staff of Tritax Symmetry Management ** Staff of Tritax Symmetry 67,774 149,750 0.0080%
Total 1,840,598 12,547,044 0.6714%
(1 59,352 shares have been acquired by Amelia Dunlop, 59,351 shares have been
acquired by Tom Dunlop (PCAs of James Dunlop))
(2 79,150 shares have been acquired by Daisy Franklin (PCA of Henry Franklin))
(3 22,214 shares have been acquired by Lianne Hobart (PCA of Bjorn Hobart))
(4 22,214 shares have been acquired by Martine Whitehead (PCA of Frankie
Whitehead).)
(5 Includes staff and other partners of the Manager.)
(**In respect of the staff of Tritax Management LLP & Tritax Symmetry
Management and abrdn Holdings Limited these figures only include Ordinary
Shares issued or purchased pursuant to the management fee arrangements with
the respective companies.)
( )
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group Tel: +44 (0) 20 7290 7522
Hana Beard (Company Secretary)
Ian Brown (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/)
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 Colin Godfrey
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tritax Big Box REIT plc
b) LEI 213800L6X88MIYPVR714
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 financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) - GBP Volume(s)
£1.4775 118,703
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Amelia Dunlop
2 Reason for the notification
a) Position/status PCA of PDMR (James Dunlop)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tritax Big Box REIT plc
b) LEI 213800L6X88MIYPVR714
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 financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) - GBP Volume(s)
£1.4775 59,352
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tom Dunlop
2 Reason for the notification
a) Position/status PCA of PDMR (James Dunlop)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tritax Big Box REIT plc
b) LEI 213800L6X88MIYPVR714
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 financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) - GBP Volume(s)
£1.4775 59,351
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Daisy Franklin
2 Reason for the notification
a) Position/status PCA of PDMR (Henry Franklin)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tritax Big Box REIT plc
b) LEI 213800L6X88MIYPVR714
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 financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) - GBP Volume(s)
£1.4775 79,150
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lianne Hobart
2 Reason for the notification
a) Position/status PCA of PDMR (Bjorn Hobart)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tritax Big Box REIT plc
b) LEI 213800L6X88MIYPVR714
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 financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Price(s) - GBP Volume(s)
£1.4775 22,214
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2 March 2023
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 /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tritax Big Box REIT plc
b) LEI 213800L6X88MIYPVR714
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 financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Price(s) - GBP Volume(s)
£1.4775 22,214
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Martine Whitehead
2 Reason for the notification
a) Position/status PCA of PDMR (Frankie Whitehead)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tritax Big Box REIT plc
b) LEI 213800L6X88MIYPVR714
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 financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BG49KP99
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Price(s) - GBP Volume(s)
£1.4775 22,214
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 2 March 2023
f) Place of the transaction London Stock Exchange (XLON)
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