16th Dec 2021 13:25
16 December 2021
TRITAX EUROBOX PLC
(the "Company")
ISSUE and market purchase OF ORDINARY SHARES AND PDMR SHAREHOLDINGS
The Board of the Company announces that in accordance with the terms of the Investment Management Agreement between the Company and Tritax Management LLP (the "Manager") dated 14 June 2018 pursuant to which the Manager shall procure that 10 per cent of the management fee (net of any applicable tax) shall be applied to subscribing for or acquiring ordinary shares of the Company ("Ordinary Shares")1, the Manager has purchased 50,000 Ordinary Shares at a price of 110.60 pence per Ordinary Share and the Company issued to the Manager 110,606 new Ordinary Shares at a price of 111.00 pence2 per Ordinary Share (the "Transactions"). The shares have been allocated to the Partners and certain staff of the Manager, including the persons discharging managerial responsibilities ("PDMRs") referred to below.
Following Board approval on 13 December 2021, an application has been made for 110,606 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 Ordinary Shares will commence at 8 am on 17 December 2021 ("Admission").
Note:
1 If the Company's Ordinary Shares are trading at a discount to the prevailing basic net asset value per share ("Basic NAV") at the relevant time, no new Ordinary Shares will be issued and instead the Manager shall direct the Company to instruct its broker to acquire Ordinary Shares to the value as near as possible equal to amount of the Management Fee payable to the Manager in the relevant period.
2 €1.31 is the latest published basic net asset value as at 30 September 2021.
Total Voting Rights
Immediately following Admission, the Company's issued share capital will consist of 806,803,984 Ordinary Shares carrying one vote each. The Company does not hold any shares in treasury. Therefore, following Admission, the total number of voting rights in the Company will be 806,803,984. 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 Guidance and Transparency Rules.
PDMR Shareholdings
In accordance with article 19.3 of the Market Abuse Regulation, immediately following Admission, the beneficial interests of certain persons discharging managerial decisions ("PDMRs") (and/or persons closely associated thereof) will be as follows:
PDMR | Position | Number of Ordinary Shares allocated | Number of Ordinary Shares held following the Transactions | % of issued share capital following the Transactions |
Colin Godfrey1 | PDMR | 7,217 | 220,206 | 0.0273 |
James Dunlop | PDMR | 7,217 | 220,205 | 0.0273 |
Henry Franklin2 | PDMR | 4,812 | 148,642 | 0.0184 |
Petrina Porter (née Austin) | PDMR | 1,351 | 35,455 | 0.0044 |
Nick Preston | PDMR | 12,951 | 124,573 | 0.0154 |
Phil Redding | PDMR | 6,507 | 9,567 | 0.0012 |
Aberdeen Asset Management plc3 | Member of Manager | 76,448 | 76,448* | 0.0095 |
Staff of the Management LLP | Staff of Manager | 44,103 | 228,231* | 0.0283 |
Total |
| 160,606 | 1,063,327 | 0.1318
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1 2,055 shares were acquired by Adam Godfrey; and 5,162 shares were acquired by Lynne Godfrey (PCAs of Colin Godfrey).
2 4,812 shares were acquired by Daisy Franklin (PCA of Henry Franklin).
3 Aberdeen Asset Management plc became a Member of the Manager on 1 April 2021.
*In respect of Aberdeen Asset Management plc and the staff of Tritax Management LLP, these figures only include Ordinary Shares issued or purchased pursuant to the management fee arrangements.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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The Company's LEI is: 213800HK59N7H979QU33.
Notes:
Tritax EuroBox plc invests in and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are delivering an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries.
Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation.
The Company's Manager, Tritax Management LLP, has assembled a full-service European logistics asset management capability including specialist "on the ground" asset and property managers with strong market standings in the Continental European logistics sector.
Further information on Tritax EuroBox plc is available at www.tritaxeurobox.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
| 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 EuroBox plc | |||
b)
| LEI | 213800HK59N7H979QU33. | |||
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 €0.01 each | |||
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Identification code | ISIN: GB00BG382L74 | ||||
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b)
| Nature of the transaction
| Issue of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) - GBP | Volume(s) |
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| 111.00 pence per share | 1,891 |
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| 110.60 pence per share | 164 |
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d)
| Aggregated information |
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- Aggregated volume | 2,055 | ||||
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- Price | 110.96 pence per share | ||||
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e)
| Date of the transaction
| 17 December 2021 (expected date of listing of shares) | |||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Lynne 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 EuroBox plc | |||
b)
| LEI | 213800HK59N7H979QU33. | |||
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 €0.01 each | |||
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Identification code | ISIN: GB00BG382L74 | ||||
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b)
| Nature of the transaction
| Issue of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) - GBP | Volume(s) |
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| 111.00 pence per share | 4,748 |
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| 110.60 pence per share | 414 |
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d)
| Aggregated information |
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- Aggregated volume | 5,162 | ||||
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- Price | 110.96 pence per share | ||||
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e)
| Date of the transaction
| 17 December 2021 (expected date of listing of shares) | |||
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
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b)
| Initial notification /Amendment
| Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name | Tritax EuroBox plc | |||
b)
| LEI | 213800HK59N7H979QU33. | |||
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 €0.01 each | |||
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Identification code | ISIN: GB00BG382L74 | ||||
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b)
| Nature of the transaction
| Issue of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) - GBP | Volume(s) |
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| 111.00 pence per share | 6,640 |
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| 110.60 pence per share | 577 |
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d)
| Aggregated information |
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- Aggregated volume | 7,217 | ||||
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- Price | 110.96 pence per share | ||||
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e)
| Date of the transaction
| 17 December 2021 (expected date of listing of shares) | |||
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)
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b)
| Initial notification /Amendment
| Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name | Tritax EuroBox plc | |||
b)
| LEI | 213800HK59N7H979QU33. | |||
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 €0.01 each | |||
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Identification code | ISIN: GB00BG382L74 | ||||
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b)
| Nature of the transaction
| Issue of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) - GBP | Volume(s) |
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| 111.00 pence per share | 4,427 |
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| 110.60 pence per share | 385 |
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d)
| Aggregated information |
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- Aggregated volume | 4,812 | ||||
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- Price | 110.96 pence per share | ||||
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e)
| Date of the transaction
| 17 December 2021 (expected date of listing of shares) | |||
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
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b)
| Initial notification /Amendment
| Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name | Tritax EuroBox plc | |||
b)
| LEI | 213800HK59N7H979QU33. | |||
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 €0.01 each | |||
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Identification code | ISIN: GB00BG382L74 | ||||
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b)
| Nature of the transaction
| Issue of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) - GBP | Volume(s) |
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| 111.00 pence per share | 1,243 |
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| 110.60 pence per share | 108 |
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d)
| Aggregated information |
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- Aggregated volume | 1,351 | ||||
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- Price | 110.96 pence per share | ||||
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e)
| Date of the transaction
| 17 December 2021 (expected date of listing of shares) | |||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Nicholas Preston | |||
2 | Reason for the notification | ||||
a)
| Position/status
| PDMR
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b)
| Initial notification /Amendment
| Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name | Tritax EuroBox plc | |||
b)
| LEI | 213800HK59N7H979QU33. | |||
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 €0.01 each | |||
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Identification code | ISIN: GB00BG382L74 | ||||
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b)
| Nature of the transaction
| Issue of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) - GBP | Volume(s) |
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| 111.00 pence per share | 11,916 |
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| 110.60 pence per share | 1,035 |
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d)
| Aggregated information |
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- Aggregated volume | 12,951 | ||||
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- Price | 110.96 pence per share | ||||
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e)
| Date of the transaction
| 17 December 2021 (expected date of listing of shares) | |||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Phil Redding | |||
2 | Reason for the notification | ||||
a)
| Position/status
| PDMR
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b)
| Initial notification /Amendment
| Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a)
| Name | Tritax EuroBox plc | |||
b)
| LEI | 213800HK59N7H979QU33. | |||
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 €0.01 each | |||
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Identification code | ISIN: GB00BG382L74 | ||||
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b)
| Nature of the transaction
| Issue of Ordinary Shares | |||
c)
| Price(s) and volume(s) |
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| Price(s) - GBP | Volume(s) |
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| 111.00 pence per share | 5,987 |
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| 110.60 pence per share | 520 |
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d)
| Aggregated information |
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- Aggregated volume | 6,507 | ||||
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- Price | 110.96 pence per share | ||||
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e)
| Date of the transaction
| 17 December 2021 (expected date of listing of shares) | |||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||
Related Shares:
Tritax Euro.eurTritax Eurobox