6th Aug 2026 14:25
Tritax Big Box REIT PLC - London-based real estate investment trust focused on logistics properties in the UK and managed by Tritax Management - Raises GBP350 million gross, as planned, from the equity offer the company announced on Wednesday. Tritax Big Box sells 213.4 million new shares, 7.9% of its total prior to the raise, at 164 pence per share in a placing, direct subscription and retail offer. Retail investors buy 6.4 million of these shares. Trot Holdings Ltd, which held an 8.6% stake prior to the raise, subscribes for GBP30 million worth of new shares but is scaled back to GBP3 million worth, Tritax Big Box says, to provide "new and existing high-quality investors further access to new shares". The share placing is run by Jefferies International Ltd, JP Morgan Cazenove, and Banco Santander SA.
The funds from the equity raise will be used "to unlock the next wave of data centre growth and returns", Tritax Bix Box had said on Wednesday. The raise is subject to approval by shareholders at a general meeting on or around August 26.
Current stock price: 165.61p, down 3.6% in London on Thursday
12-month change: up 15%
By Tom Waite, Alliance News editor
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