Tritax EuroBox PLC Interim Dividend Declaration (2788W)
10 Dicembre 2019 - 8:01AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 2788W
Tritax EuroBox PLC
10 December 2019
10 December 2019
Tritax EuroBox plc
(the "Company")
DIVIDEND DECLARATION
The Board of Tritax EuroBox plc (tickers: EBOX (Sterling), BOXE
(Euro)), which invests in Continental European logistics real
estate assets, has today declared an interim dividend in respect of
the period from 1 July 2019 to 30 September 2019 of 1 cent per
Ordinary Share, payable on or around 15 January 2020 to
shareholders on the Register on 20 December 2019. The ex-dividend
date will be 19 December 2019.
0.4019 cent of each 1 cent dividend per Ordinary Share will be
designated as interest distribution.
In accordance with the Company's dividend policy, dividends are
declared in Euro and paid, by default, in Sterling. However,
shareholders are able to elect to receive dividends in Euro by
written notice to Computershare Investor Services PLC, the
Company's Registrar (such election to remain valid until written
cancellation or revocation is given to the Registrar).
Copies of the currency election form are available via the
Company's website or the link below:
https://www-uk.computershare.com/Content/download.asp?docId={E2286E1E-69BD-4E76-BEA0-836A87047E71}&cc=UK&lang=en&bhjs=1&fla=0&theme=cpu
The latest date for receipt by the Registrar of completed
currency election forms is 23 December 2019. Instructions on how to
complete and return the form are set out in the currency election
form.
The Euro/Sterling exchange rate for dividend payments made in
Sterling will be determined and announced on or around 3 January
2020.
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
Akur Limited +44 (0)20 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
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. Accordingly, potential investors should not place any
reliance on the target in deciding whether or not to invest in the
Company and should not assume that the Company will make any
distributions at all and should decide themselves whether or not
the target is reasonable or achievable.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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December 10, 2019 02:01 ET (07:01 GMT)
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