Tritax Big Box REIT PLC

Share Issue/Capital Change • May 27, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 4750Z

Tritax Big Box REIT plc

27 May 2016

27 May 2016

TRITAX BIG BOX REIT PLC

(the "Company")

Issue of Ordinary Shares under the Investment Management Agreement, PDMR Shareholdings and Total Voting Rights

The Board of Tritax Big Box REIT plc (ticker: BBOX) announces that, in accordance with the terms of the management fee arrangements with Tritax Management LLP (the "Manager") pursuant to which 25 per cent. of the management fee is payable in new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"), it has today issued 410,729 Ordinary Shares (the "Management Ordinary Shares"), subject only to Admission (defined below).

The issue price per Management Ordinary Share is 121.09p (being the most recently published audited net asset value of 124.09p per Ordinary Share as at 31 December 2015, less the interim dividend of 3.0p per Ordinary Share paid to shareholders on or around 9 March 2016 in respect of the period from 1 July 2015 to 31 December 2015).

Application has been made for the Management 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 Management Ordinary Shares will commence at 8.00 a.m. on 31 May 2016 ("Admission").

The Ordinary Shares allotted and issued to the Manager and staff of the Manager are subject to a minimum lock-in period of 12 months from Admission.

Director and PDMR Shareholdings

In accordance with DTR 3.1.4(1)(a), on Admission the beneficial interests of the directors of the Company and senior executives of the Investment Team with day-to-day management responsibility in connection with services provided to the Company will be as follows:

PDMR	Position	Number of Ordinary Shares held	% of issued share capital
Mark Shaw	Non-executive director and a member of Investment Team	411,805	0.049%
Colin Godfrey	Investment Team	319,743	0.038%
James Dunlop	Investment Team	319,743	0.038%
Henry Franklin	Investment Team	252,717	0.030%
Tritax Management LLP	Investment Manager	83,161	0.010%
Staff of Tritax Management LLP	Investment Team	37,160	0.004%

Total Voting Rights

Immediately following Admission, the Company's issued share capital will consist of 839,541,140 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 interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Tritax Group Colin Godfrey (Partner, Fund Manager)	via Newgate below
Newgate (PR Adviser) James Benjamin Alex Shilov Lydia Thompson	Tel: 020 7680 6550 Email: tritax@newgatecomms.com
Jefferies International Limited Gary Gould Stuart Klein David Watkins	Tel: 020 7029 8000
Akur Limited Anthony Richardson Tom Frost Siobhan Sergeant	Tel: 020 7493 3631

NOTES:

Tritax Big Box REIT plc is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"). The Company invests in and asset manages a portfolio of well-located, modern "Big Box" assets, typically greater than 500,000 sq. ft., let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews (giving inflation linked earnings growth), and with 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 in high growth areas of the economy and limited stock supply. The Company is the only listed vehicle to give pure exposure to the "Big Box" asset class in the UK.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAXSKALSKEFF