TIDMBBOX
RNS Number : 2131N
Tritax Big Box REIT plc
27 January 2016
27 JANUARY 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION
WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY
APPLICABLE LAW OR TO US PERSONS. PLEASE SEE THE IMPORTANT NOTICE AT
THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE
CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR
SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY ORDINARY
SHARES IN THE COMPANY, IN ANY JURISDICTION, INCLUDING THE UNITED
STATES, NOR SHALL IT, OR ANY PART OF IT OR THE FACT OF ITS
DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION
WITH, ANY CONTRACT OR INVESTMENT DECISION WHATSOEVER, IN ANY
JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A
RECOMMENDATION REGARDING ANY SECURITIES. ANY INVESTMENT DECISION
MUST BE MADE EXCLUSIVELY ON THE BASIS OF THE PROSPECTUS PUBLISHED
BY THE COMPANY IN CONNECTION WITH THE PROPOSED ISSUE.
TRITAX BIG BOX REIT PLC
PUBLICATION OF PROSPECTUS
Further to the announcement this morning regarding the proposed
open offer (the "Open Offer"), institutional placing (the
"Placing") and offer for subscription (the "Offer for
Subscription") of new ordinary shares ("New Shares") (the "Issue"),
the Board of Directors of Tritax Big Box REIT plc (the "Company")
announces the publication of a prospectus (the "Prospectus")
containing full details of the Issue.
Details of the Issue are set out in the Prospectus which will be
available on the Company's website at www.tritaxbigbox.co.uk. A
copy of the Prospectus will be submitted to the National Storage
Mechanism and will be available for inspection at
www.morningstar.co.uk/uk/NSM.
For further information, please contact:
Tritax Group via Newgate
Colin Godfrey (Partner,
Fund Manager)
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Email: tritax@newgatecomms.com
Alex Shilov
Lydia Thompson
Jefferies International Tel: 020 7029 8000
Limited (Sponsor, Joint
Financial Adviser and Sole
Global Coordinator and
Bookrunner)
Gary Gould
Stuart Klein
David Watkins
Akur Limited (Joint Financial Tel: 020 7493 3631
Adviser)
Anthony Richardson
Tom Frost
Siobhan Sergeant
NOTES:
Tritax Big Box REIT plc is a real estate investment trust to
which Part 12 of the UK Corporation Tax Act 2010 applies. The
Company invests in 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), 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
IMPORTANT NOTICE
The information in this announcement is for background purposes
only and does not purport to be full or complete. No reliance may
be placed for any purpose on the information contained in this
announcement or its accuracy or completeness. The material set
forth herein is for information purposes only, is given as at the
date of its publication (unless otherwise marked) and is subject to
updating, revision and amendment. In particular, any proposals
referred to herein are tentative and are subject to revision and
amendment.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States (including its
territories and possessions, any state of the United States and the
District of Columbia), Australia, Canada, South Africa, New Zealand
or Japan or to US persons (as defined in Regulation S of the US
Securities Act of 1933, as amended (the "Securities Act")). The
distribution of this announcement may be restricted by law in
certain jurisdictions and persons into whose possession any
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
This announcement is an advertisement and not a prospectus.
Investors should not subscribe for or purchase any transferable
securities referred to in this announcement except on the basis of
information in the Prospectus.
In member states of the European Economic Area ("EEA"), this
announcement is only addressed to and directed at persons who are
"qualified investors" within the meaning of Article 2(1)(e) of the
Prospectus Directive (Directive 2003/71/EC (and amendments thereto,
including Directive 2010/73/EU, to the extent implemented in the
Relevant Member State) and includes any relevant implementing
measure in each Relevant Member State).
This announcement does not contain or constitute an offer for
sale of, or the solicitation of an offer or an invitation to buy or
subscribe for, New Shares to any US person (as defined in
Regulation S under the Securities Act) or any person otherwise
located in the United States, Australia, Canada, South Africa, New
Zealand or Japan or in any jurisdiction to whom or in which such
offer or solicitation is unlawful.
The Company has not been and will not be registered under the US
Investment Company Act of 1940, as amended (the "Investment Company
Act"). In addition, the New Shares have not been and will not be
registered under the Securities Act or under the securities laws of
any state or other jurisdiction of the United States and may not be
offered or sold in the United States or to, or for the account or
benefit of, US persons (as defined in Regulation S under the
Securities Act), except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act, in compliance with any applicable securities laws
of any state or other jurisdiction of the United States and under
circumstances that would not require registration of the Company
under the Investment Company Act. There will be no public offer of
the New Shares in the United States.
The offer and sale of the New Shares has not been and will not
be registered under the applicable securities laws of any state,
province or territory of Australia, Canada, South Africa, New
Zealand or Japan. Subject to certain exceptions, the New Shares may
not be offered or sold in Australia, Canada, South Africa or Japan
or to, or for the account or benefit of, any national, resident or
citizen of Australia, Canada, South Africa, New Zealand or
Japan.
This announcement has not been approved or authorised by the
Guernsey Financial Services Commission for circulation in Guernsey,
and may not be distributed or circulated directly or indirectly to
any persons in the Bailiwick of Guernsey other than (i) by a person
licensed to do so under the terms of the Protection of Investors
(Bailiwick of Guernsey) Law, 1987, as amended, or (ii) to those
persons regulated by the Guernsey Financial Services Commission as
licensees under the Protection of Investors (Bailiwick of Guernsey)
Law, 1987, as amended, the Banking Supervision (Bailiwick of
Guernsey) Law, 1994, the Insurance Business (Bailiwick of Guernsey)
Law, 2002 or the Regulation of Fiduciaries, Administration Business
and company Directors etc. (Bailiwick of Guernsey) Law, 2000.
In Jersey, this announcement (and the financial services to
which it relates) has not been approved by and will not be
submitted for approval to the Jersey Financial Services Commission
(JFSC) for the purposes of public offering or sale in the Island of
Jersey.
The comparability of the information on the Company's
performance to date to its future performance is by its nature
limited for a variety of reasons. Without limitation, results can
be positively or negatively affected by market conditions beyond
the control of the Company or Tritax Management LLP (the "Manager")
which may be different in many respects from those that prevail at
present or in the future, with the result that the performance of
investment portfolios originated now may be significantly different
from those originated in the past. Neither the past performance of
the Company nor the Manager is a reliable indicator of, and cannot
be relied upon as a guide to, the future performance of the Company
or the Manager. Prospective investors should be aware that any
investment in the Company is speculative, involves a high degree of
risk, and could result in the loss of all or substantially all of
their investment. Persons considering making such an investment
should consult an authorised person specialising in advising on
such investments. This announcement does not constitute a
recommendation concerning the Issue and prospective investors
should note that the value of the New Shares can decrease as well
as increase.
Each of Jefferies and Akur is authorised and regulated by the
Financial Conduct Authority, and is acting exclusively for the
Company and no-one else in connection with the Issue. They will not
regard any other person as their respective clients in relation to
the Issue and will not be responsible to anyone other than the
Company for providing the protections afforded to their respective
clients, nor for providing advice in relation to the Issue, the
contents of this announcement or any transaction, arrangement or
other matter referred to herein.
(MORE TO FOLLOW) Dow Jones Newswires
January 27, 2016 11:33 ET (16:33 GMT)
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