Tritax Big Box REIT issues retail offer shares

Offer is made in addition to a placing of ordinary shares

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Tritax Big Box REIT’s board of directors has proposed a placing of ordinary shares and a separate offer of ‘retail offer shares’ to raise gross proceeds of approximately £300m.

The total number of placing shares, retail offer shares and ordinary shares being issued are expected to represent 8% of the existing issued ordinary share capital. The new ordinary shares will be entitled to the next quarterly dividend declared by the company for the quarter ending 30 September 2021. Fidelity appointment to Genesis EM trust highlights sector's drive for retail investors Colin Godfrey, CEO, Fund Management, said: "Over the past two years our logistics focused land portfolio, which we believe to be the largest in the UK, has continued to mature with planning conse...

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