Tritax Big Box executives buy shares under fee deal
Directors of the logistics property group acquire shares under a pre-arranged fee arrangement, disclosing the transactions to the market.
Executives at Tritax Big Box REIT have acquired shares in the company under a pre-arranged fee arrangement, according to a regulatory filing.
The property investment group, which specializes in large-scale logistics assets, disclosed the transactions on Tuesday. The acquisitions were made under a fee arrangement that had been previously approved by the board, the filing stated.
Tritax Big Box did not disclose the number of shares purchased or the total value of the transactions. The company added that the directors involved had complied with all relevant insider trading rules and market abuse regulations.
The REIT, listed on the London Stock Exchange, focuses on warehouse and distribution properties across the UK. It has been a significant beneficiary of growth in e-commerce and supply chain demand in recent years.
The fee arrangement under which the shares were acquired is designed to align executive interests with those of shareholders, Tritax Big Box said in the filing. The company did not provide further details on the terms of the arrangement.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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