Tritax EuroBox PLC Dividend Declaration (0984S)
07 Marzo 2019 - 8:02AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 0984S
Tritax EuroBox PLC
07 March 2019
7 March 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 9 July 2018 to 31 December 2018 of 0.4 cents per
ordinary share, payable on or around 29 March 2019 to shareholders
on the register on 15 March 2019. The ex-dividend date will be 14
March 2019.
During this initial accounting period, the Company focused on
building its investment portfolio and acquired eight prime
logistics assets between late September and December 2018. The
Company confirms it is targeting, on a fully invested and geared
basis, an initial Ordinary Share dividend yield of 4.75% p.a. by
reference to the IPO Issue Price, which the Company expects to
increase progressively through regular indexation events inherent
in underlying lease agreements and by increased rents following the
expiration of leases(1) . The Company intends to pay dividends on a
quarterly basis.
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 18 March 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 20 March
2019.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group
Nick Preston
James Dunlop +44 (0) 20 7290 1616
Jefferies International Limited
Gary Gould
Stuart Klein +44 (0) 20 7029 8000
Kempen & Co N.V.
Dick Boer
Thomas ten Hoedt +31 (0) 20 348 8500
Maitland/AMO (Communications Adviser) +44 (0) 20 7379 5151
James Benjamin tritax-maitland@maitland.co.uk
NOTES:
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
Continental Europe.
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
("LCP") and Dietz AG ("Dietz") 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 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.
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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