This share seems pretty unfashionable as nobody ever seems to mention it on any of the discussion boards I look at nor ever wants to if I try to start threads. Advice wanted though. i am in on this and have watched the share price rise almost 100% in a year. In this time trade volume has steadily increased but late Friday this was announced (attached below) and trade volume was huge on top of this particular massive trade. I am a pretty inexperienced investor and am kinding of learning as I go along. What does this announcement signify? Any ideas? May be obvious but not to me. Seems to have kicked in now the price has broken the 2 barrier. Any thoughts would be appreciated.

Cheers:

Big Yellow Group PLC

Secondary Placing

Big Yellow Group PLC ("Big Yellow" or the "Company") has been informed that Big
Yellow Investment (Bermuda) Limited and PGA Big Yellow Limited (together the "
Selling Shareholders") have today disposed of their entire holding of ordinary
shares in the Company by way of a placing. Big Yellow Investment (Bermuda)
Limited is an indirect wholly owned subsidiary of Prudential Financial, Inc. ("
Pramerica"), while PGA Big Yellow Limited is an investment owned by a fund
managed by a subsidiary of Pramerica.

Cazenove & Co. has placed 28,145,904 ordinary shares held by the Selling
Shareholders, representing approximately 28.1 per cent. of the issued share
capital of the Company, on their behalf with certain institutions at a price of
190 pence per ordinary share. Following the placing the Selling Shareholders do
not hold any ordinary shares in the Company.

StockMarketWire.com
Big Yellow Group reported Thursday like-for-like revenue increased by 7.6% in the fiscal first quarter as occupancy rose by 131,000 square feet resulting in a closing occupancy of 83.4%.

For the three months to 30 June, like-for-like occupancy increased 2.6% to 84.2% and net rent per square foot increased by 3.2% compared to the same quarter last year.

The strong performance was supported by a 'more balanced contribution from occupancy and rate growth than in the previous year,' the company said.

'We have continued to grow our like-for-like occupancy to over 84%, and remain focussed on our core objective of 90% across the portfolio,' said James Gibson, Chief Executive Officer.

'We are continuing to follow a more aggressive expansion strategy, largely through the acquisition of raw land as there are very few existing stores that are available to purchase and of the requisite quality.'