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Tritax Big Box REIT PLC
Director's Dealing • Sep 11, 2020
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 8033Y
Tritax Big Box REIT plc
11 September 2020
11 September 2020
TRITAX BIG BOX REIT PLC
(the "Company")
PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT AND PDMR SHAREHOLDINGS
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 762,014 ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") on behalf of the senior executives of the investment team of the Manager as listed in the table below (the "Investment Team") and certain members of staff of the Manager (the "Management Shares"). The Management Shares were acquired on 10 September 2020 at a price of 152.76 pence per share.
Under the terms of the management fee arrangements, 25 per cent. of the management fee (net of any applicable tax) for the relevant six-month period 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.
Director and PDMR Shareholdings
In accordance with article 19.3 of the Market Abuse Regulation the beneficial interests of 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 Management Shares acquired | Number of Ordinary Shares held | % of issued share capital |
| Mark Shaw1 | Investment Team | 177,874 | 2,150,720 | 0.126 |
| Colin Godfrey2 | Investment Team | 171,406 | 2,110,115 | 0.124 |
| James Dunlop | Investment Team | 171,406 | 2,047,754 | 0.120 |
| Henry Franklin3 | Investment Team | 123,610 | 1,541,860 | 0.090 |
| Bjorn Hobart4 | Investment Team | 27,732 | 266,144 | 0.016 |
| Petrina Porter (née Austin) | Investment Team | 27,732 | 246,057 | 0.014 |
| Tritax Management LLP | Manager | - | 95,030 | 0.006 |
| Staff of Tritax Management LLP* | Staff of the Manager | 62,254 | 451,860 | 0.026 |
| Total | 762,014 | 8,909,540 | 0.522 |
1 177,874 shares have been acquired by Lesley Shaw (PCA of Mark Shaw)
2 85,703 have been acquired by Adam Godfrey and 85,703 have been acquired by Harriet Godfrey (PCAs of Colin Godfrey)
3 123,610 shares have been acquired by Alfred Jackson Franklin (PCA of Henry Franklin)
4 27,732 shares have been acquired by Lianne Hobart (PCA of Bjorn Hobart)
* In respect of the staff of Tritax Management LLP, this figure only includes Ordinary Shares issued or purchased pursuant to the management fee arrangements with the Manager.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Tritax Group Colin Godfrey (CEO, Fund Management) Frankie Whitehead (Finance Director) |
Tel: +44 (0) 20 8051 5057 |
| Ian Brown / Jo Blackshaw (Investor Relations) Maitland/AMO (Media enquiries) James Benjamin |
Tel: +44 (0) 20 7379 5151 [email protected] |
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
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 | Lesley Shaw | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PCA of PDMR (Mark Shaw) | |||
| 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) | ||||
| 152.76 pence per share | 177,874 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 10 September 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Adam Godfrey | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PCA of PDMR (Colin Godfrey) | |||
| 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) | ||||
| 152.76 pence per share | 85,703 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 10 September 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Harriet Godfrey | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PCA of PDMR (Colin Godfrey) | |||
| 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) | ||||
| 152.76 pence per share | 85,703 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 10 September 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 /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) | ||||
| 152.76 pence per share | 171,406 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 10 September 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Alfred Jackson 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) | ||||
| 152.76 pence per share | 123,610 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 10 September 2020 | |||
| 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) | ||||
| 152.76 pence per share | 27,732 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 10 September 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 /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) | ||||
| 152.76 pence per share | 27,732 | ||||
| d) | Aggregated information | N/A | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 10 September 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) |
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