TIDMEBOX TIDMBOXE

RNS Number : 9819J

Tritax EuroBox PLC

22 August 2019

22 August 2019

Tritax EuroBox plc

(the "Company")

EXCHANGE RATE FOR DIVIDEND PAYMENT

On 8 August 2019, the Company declared an interim dividend in respect of the period from 1 April 2019 to 30 June 2019 of 1 cent per Ordinary Share, payable on or around 9 September 2019 to shareholders on the register on 16 August 2019.

In accordance with the Company's dividend policy, dividends are declared in Euro and paid, by default, in Sterling. The Euro/Sterling exchange rate for dividend payments made in Sterling has been determined as 1.0941 resulting in an interim dividend of 0.914 pence per ordinary share.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Tritax Group                             +44 (0) 20 7290 1616 
 Nick Preston 
  James Dunlop 
 
 Jefferies International Limited          +44 (0) 20 7029 8000 
 Gary Gould 
  Stuart Klein 
 
 Kempen & Co N.V.                         +31 (0) 20 348 8500 
 Dick Boer 
  Thomas ten Hoedt 
 
 Maitland/AMO (Communications Adviser)    +44 (0) 20 7379 5151 
 James Benjamin                           tritax-maitland@maitland.co.uk 
 

The Company's LEI is: 213800HK59N7H979QU33.

NOTES:

Tritax EuroBox plc invests in and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries.

Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation, set against a backdrop of resurgent economic growth across much of Continental Europe.

The Company is targeting, on a fully invested and geared basis, an initial Ordinary Share dividend yield of 4.75% p.a.(1) , which is expected to increase progressively through regular indexation events inherent in underlying lease agreements, and a total return on the Ordinary Shares of 9.0% p.a.(1) over the medium-term. The Company intends to pay dividends on a quarterly basis with shareholders able to receive dividends in Sterling or Euro.

Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk

1. Euro denominated returns, by reference to IPO issue price. These are targets only and not profit forecasts. There can be no assurances that these targets will be met and they should not be taken as indications of the Company's expected or actual future results.

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END

DIVLLFIETAIFFIA

(END) Dow Jones Newswires

August 22, 2019 11:12 ET (15:12 GMT)

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