Major owner of Triton International Ltd just picked up 7,877,590 shares

Global Ltd Bharti, a major owner of Triton International Ltd and a director of the company, recently acquired 7,877,590 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on February 27, 2017. Bharti now owns 7,877,590 shares of the company. Bharti operates out of St. Helier, Y9. Some additional info was provided as follows:

On February 27, 2017, 7,877,590 Common Shares of Triton International Limited, a Bermuda exempted company (the "Issuer") were transferred to Bharti Global Limited, a private limited company formed under the laws of Jersey ("BGL"), through a pro rata distribution to a wholly-owned subsidiary of BGL and series of transactions among wholly-owned subsidiaries of BGL i n reliance upon exemptions from registration under the Securities Act of 1933, as amended. Bharti Overseas Private Limited, a private limited company formed under the laws of India ("BOPL", and together with BGL, the "Reporting Persons") is the sole shareholder of BGL, which directly holds the Common Shares of the Issuer. Because of BOPL's relationship to BGL, BOPL may be deemed to beneficially own the Common Shares of the Issuer held directly by BGL. Pursuant to Rule 16a-1(a)(4) of the Exchange Act of 1934, as amended (the "Exchange Act"), BOPL herein states that this Form 4 shall not be deemed an admission that it is the beneficial owner of any of the Common Shares of the Issuer reported in this Form 4. BOPL disclaims beneficial ownership of the Common Shares of the Issuer, except to the extent of its pecuniary interest in such Common Shares. Information with respect to each Reporting Person is given solely by such Reporting Person, and neither of the Reporting Persons has responsibility for the accuracy or completeness of information supplied by another of the Reporting Persons. Solely for the purposes of Section 16 of the Exchange Act, each of the Reporting Persons may be deemed a director-by-deputization by virtue of the contractual right of a shareholder group of which BGL is a party to to appoint one or more directors to the board of directors of the Issuer, pursuant to that certain Sponsor Shareholders Agreement (Warburg Pincus), by and among the Issuer, BGL and the other shareholders party thereto, dated as of November 9, 2015, as amended.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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