Tritax EuroBox PLC Management Shares
RNS Number : 5250B
Tritax EuroBox PLC
07 June 2019
7 June 2019
TRITAX EUROBOX PLC
PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT
The Board of the Company announces that in accordance with the
terms of the Company's management fee arrangements with Tritax
Management LLP (the "Manager"), the Manager has acquired in the
market a total of 40,381 ordinary shares of EUR0.01 each in the
capital of the Company ("Ordinary Shares") on behalf of certain
members of staff of the Manager (the "Management Shares"). The
Management Shares were acquired on 6 June 2019 at 95.8 pence per
share. None of the recipients of the Management Shares are deemed
to be persons discharging managerial responsibilities.
Under the terms of the management fee arrangements, 10 per cent.
of the management fee (net of any applicable tax) for the relevant
six-month period is applied by the Manager in subscribing for, or
acquiring, Ordinary Shares.
The Management Shares are subject to a minimum lock-in period of
12 months from the date of acquisition.
For further information, please contact:
James Dunlop +44 (0) 20 7290 1616
Jefferies International Limited
Stuart Klein +44 (0) 20 7029 8000
Kempen & Co N.V.
Thomas ten Hoedt +31 (0) 20 348 8500
Maitland/AMO (Communications Adviser) +44 (0) 20 7379 5151
James Benjamin email@example.com
The Company's LEI is: 213800HK59N7H979QU33.
Tritax EuroBox plc invests 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
The Company's Manager, Tritax Management LLP, has assembled a
full-service European logistics asset management capability
including specialist "on the ground" asset and property managers
with strong market standings in the Continental European logistics
sector. The appointed asset managers Logistics Capital Partners and
Dietz AG are logistics specialists and offer the Company exposure
to high quality asset management expertise and access to their
respective development pipelines, providing acquisition
opportunities across 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 by increasing
rents through asset management initiatives, 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
(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.
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(END) Dow Jones Newswires
June 07, 2019 05:22 ET (09:22 GMT)
Grafico Azioni Tritax Eurobox (LSE:BOXE)
Da Dic 2020 a Gen 2021
Grafico Azioni Tritax Eurobox (LSE:BOXE)
Da Gen 2020 a Gen 2021