6th Feb 2020 15:57
6 February 2020
Tritax EuroBox plc
(the "Company")
PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT
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 116,416 ordinary shares in the capital of the Company ("Ordinary Shares") on behalf of certain members of staff of the Manager (the "Management Shares"). The Management Shares were acquired on 5 February 2020 at 90.2 pence per share.
Under the terms of the management fee arrangements, 10 per cent. of the management fee (net of any applicable tax) from 1 January 2019 to 30 September 2019 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.
PDMR Shareholdings
In accordance with article 19.3 of the Market Abuse Regulations on admission the beneficial interests of the 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 Shaw | Investment Team | 18,192 | 143,640 | 0.0340 |
Colin Godfrey | Investment Team | 18,192 | 143,640 | 0.0340 |
James Dunlop | Investment Team | 18,192 | 143,640 | 0.0340 |
Henry Franklin | Investment Team | 13,119 | 96,775 | 0.0229 |
Bjorn Hobart | Investment Team | 2,943 | 22,943 | 0.0054 |
Petrina Austin | Investment Team | 2,943 | 22,943 | 0.0054 |
Nick Preston | Investment Team | 12,535 | 73,114 | 0.0173 |
Tritax Management LLP | Manager | - | - | - |
Staff of Tritax Management LLP | Staff of the Manager | 30,300 | 60,102 | 0.0142 |
Total* | 116,416 | 706,797 | 0.1672 |
For further information, please contact:
Tritax Group Hana Beard (Company Secretary) | +44 (0) 20 7290 1616 |
Jefferies International Limited Gary Gould Stuart Klein
| +44 (0) 20 7029 8000 |
Kempen & Co N.V. Dick Boer Thomas ten Hoedt
| +31 (0) 20 348 8500 |
Akur Limited | +44 (0)20 7493 3631 |
Anthony Richardson Tom Frost Siobhan Sergeant | |
Maitland/AMO (Communications Adviser) James Benjamin | +44 (0) 20 7379 5151 Email: [email protected] |
The Company's LEI is: 213800HK59N7H979QU33.
NOTES:
Tritax EuroBox plc invests and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver 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, set against a backdrop of resurgent economic growth across much of Continental Europe.
The Company is targeting, on a fully invested and geared basis, an initial Ordinary Share dividend yield of 4.75% p.a.1, which is expected to increase progressively through regular indexation events inherent in underlying lease agreements, and a total return on the Ordinary Shares of 9.0% p.a.1 over the medium-term. The Company intends to pay dividends on a quarterly basis with shareholders able to receive dividends in Sterling or Euro.
Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk
1. Euro denominated returns, by reference to IPO issue price. These are targets only and not profit forecasts. There can be no assurances that these targets will be met and they should not be taken as indications of the Company's expected or actual future results. Accordingly, potential investors should not place any reliance on the target in deciding whether or not to invest in the Company and should not assume that the Company will make any distributions at all and should decide themselves whether or not the target is reasonable or achievable.
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
| Mark Shaw | |||
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 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 1p each | |||
Identification code | ISIN: GB00BG382L74 | ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£0.9020 | 18,192 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 18,192 | ||||
- Price | £0.9020 | ||||
e)
| Date of the transaction
| 5 February 2020 | |||
f)
| Place of the transaction
| London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Colin Godfrey | |||
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 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 1p each | |||
Identification code | ISIN: GB00BG382L74 | ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£0.9020 | 18,192 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 18,192 | ||||
- Price | £0.9020 | ||||
e)
| Date of the transaction
| 5 February 2020 | |||
f)
| Place of the transaction
| London | |||
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 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 1p each | |||
Identification code | ISIN: GB00BG382L74 | ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£0.9020 | 18,192 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 18,192 | ||||
- Price | £0.9020 | ||||
e)
| Date of the transaction
| 5 February 2020 | |||
f)
| Place of the transaction
| London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Henry Franklin | |||
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 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 1p each | |||
Identification code | ISIN: GB00BG382L74 | ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£0.9020 | 13,119 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 13,119 | ||||
- Price | £0.9020 | ||||
e)
| Date of the transaction
| 5 February 2020 | |||
f)
| Place of the transaction
| London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Bjorn Hobart | |||
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 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 1p each | |||
Identification code | ISIN: GB00BG382L74 | ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£0.9020 | 2,943 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 2,943 | ||||
- Price | £0.9020 | ||||
e)
| Date of the transaction
| 5 February 2020 | |||
f)
| Place of the transaction
| London | |||
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 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 1p each | |||
Identification code | ISIN: GB00BG382L74 | ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£0.9020 | 2,943 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 2,943 | ||||
- Price | £0.9020 | ||||
e)
| Date of the transaction
| 5 February 2020 | |||
f)
| Place of the transaction
| London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name
| Nicholas Preston | |||
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 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 1p each | |||
Identification code | ISIN: GB00BG382L74 | ||||
b)
| Nature of the transaction
| Purchase of ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£0.9020 | 12,535 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 12,535 | ||||
- Price | £0.9020 | ||||
e)
| Date of the transaction
| 5 February 2020 | |||
f)
| Place of the transaction
| London | |||
Related Shares:
Tritax Euro.eurTritax Eurobox