REG - Tritax Big Box REIT - Results of Tender Offer

Tritax Big Box REITAnnouncement

13/11/2025 07:00

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RNS Number : 3308H  Tritax Big Box REIT plc  13 November 2025

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LOCATED OR RESIDENT IN ANY JURISDICTION WHERE OR TO WHOM IT IS UNLAWFUL TO
RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

 

 

Results of Tender Offer

 

Tritax Big Box REIT plc (the Offeror or the Company) is pleased to announce
that on 11 November 2025 it priced and published results of its invitation to
holders of its outstanding £250.0 million 2.625% Notes due 14 December 2026
(the 2026 Notes) to tender any and all of their Notes for purchase by the
Offeror for cash (the Offer).

 

At the Expiration Deadline at 4.00 p.m. (London Time) on 10 November 2025, the
Offeror had received valid tenders of £184.4 million in aggregate nominal
amount of the Notes for purchase pursuant to the Offer. Pricing for the Offer
took place at or around 11.00 a.m. (London time) on 11 November 2025. The
Purchase Price payable by the Offeror for Notes validly tendered and accepted
for purchase will be 98.644%.

 

The expected Settlement Date for the Offer is 13 November 2025. Following the
Settlement Date, the Offeror intends to cancel the Notes purchased pursuant to
the Offer. Accordingly, following settlement of the Offer and such
cancellation, £65.6 million in aggregate nominal amount of the Notes will
remain outstanding.

 

The Offer was announced on 3 November 2025 and was made on the terms and
subject to the conditions contained in the tender offer memorandum dated 3
November 2025 (the Tender Offer Memorandum). Capitalised terms used in this
announcement but not defined have the meanings given to them in the Tender
Offer Memorandum. Further information relating to the results of the Offer has
been published on Euronext (Euronext Direct
(https://direct.euronext.com/api/PublicAnnouncements/RISDocument/ANN148874.pdf?id=bdd133d3-e3d0-4b79-bb35-58c8e58c2bb3)
).

 

BNP PARIBAS and NatWest acted as Dealer Managers in connection with the Offer.

 

Lazard & Co., Limited provided financial advice to the Company in relation
to the Offer.

( )

For further information, please contact:

Tritax Big Box

Colin Godfrey,
CEO
            Tel: +44 (0) 20 8051 5060

Frankie Whitehead,
CFO
Email: bigboxir@tritax.co.uk (mailto:bigboxir@tritax.co.uk)

Ian Brown, Head of Corporate Strategy & Investor Relations

 

Kekst CNC

Tom Climie / Guy
Bates
            Tel: +44 (0) 7760 160 248 / +44 (0) 7581 056 415

Email: tritax@kekstcnc.com (mailto:tritax@kekstcnc.com)

 

Notes:

Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in
high-quality logistics warehouse assets and controls the largest
logistics-focused land platform in the UK. Tritax Big Box is committed to
delivering attractive and sustainable returns for shareholders by investing in
and actively managing existing built investments and land suitable for
logistics development. The Company focuses on well-located, modern logistics
assets, typically let to institutional-grade clients on long-term leases with
upward-only rent reviews and geographic and client diversification throughout
the UK. Additionally, having adopted a "power first" approach, the Company has
recently secured its first 147MW data centre development opportunity, and a
further 1GW pipeline, offering the potential to deliver exceptional returns on
an accelerated basis.

The Company is a real estate investment trust to which Part 12 of the UK
Corporation Tax Act 2010 applies, is a constituent of the FTSE 250, FTSE
EPRA/NAREIT and MSCI indices and has its Ordinary Shares admitted to the
Official List of the UK Financial Conduct Authority.

The Company's LEI is: 213800L6X88MIYPVR714.

 

Further information on Tritax Big Box REIT is available at: tritaxbigbox.co.uk
(http://www.tritaxbigbox.co.uk/) .

 

Disclaimer:

This announcement must be read in conjunction with the Tender Offer
Memorandum. No offer or invitation to acquire any securities is being made
pursuant to this announcement.  The distribution of this announcement and the
Tender Offer Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement and/or the Tender Offer
Memorandum come(s) are required by each of the Offeror, the Dealer Managers
and the Tender Agent to inform themselves about, and to observe, any such
restrictions.

 

Lazard & Co., Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting exclusively as financial
adviser to the Company and no one else in connection with the matters set out
herein and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Lazard & Co., Limited nor
for providing advice in relation to the 2032 Notes or any other matters
referred to in this announcement. Neither Lazard & Co., Limited nor any of
its affiliates owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Lazard & Co.,
Limited in connection with this announcement, any statement contained herein
or otherwise.

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