Tritax EuroBox PLC AGM Result (0950U)
26 Marzo 2019 - 7:42PM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 0950U
Tritax EuroBox PLC
26 March 2019
26 March 2019
TRITAX EUROBOX PLC
(the "Company")
Result of AGM
The Board of Tritax EuroBox plc (ticker: EBOX) announces that at
the Company's Annual General Meeting, held on 26 March 2019, all
resolutions were duly passed on a show of hands.
In accordance with Listing Rule 9.6.2(R), a copy of the
resolutions passed at the Annual General Meeting will be submitted
to the National Storage Mechanism and will be available for
inspection at www.morningstar.co.uk/uk/NSM.
As at the date of the Company's Annual General Meeting, there
were 300,000,000 ordinary shares with voting rights in issue.
Proxies were received by the Company from shareholders before the
meeting, as follows:
RESOLUTIONS FOR(1) AGAINST WITHHELD
VOTES % OF VOTES VOTES % OF VOTES
CAST* VOTES
CAST*
------------ ----------- ---------- ------- -----------
1: To elect Robert Orr as a
Director of the Company 180,753,867 99.90% 183,966 0.10% 948
------------ ----------- ---------- ------- -----------
2: To elect Taco De Groot as
a Director of the Company 180,935,408 100% 2,425 Nil 948
------------ ----------- ---------- ------- -----------
3: To elect Keith Mansfield
as a Director of the Company 180,935,408 100% 2,425 Nil 948
------------ ----------- ---------- ------- -----------
4: To authorise the Directors
to declare and pay all dividends
of the Company as interim dividends 180,935,408 100% 2,425 Nil 948
------------ ----------- ---------- ------- -----------
5: To authorise the Directors
to allot shares under section
551 of the Companies Act 2006 174,204,714 96.28% 6,723,320 3.72% 10,747
------------ ----------- ---------- ------- -----------
6: To authorise the Directors
to allot shares as if section
561(1) of the Companies Act
2006 did not apply 180,925,609 100% 2,425 Nil 10,747
------------ ----------- ---------- ------- -----------
7: To authorise the Directors
to allot shares under sections
570(1) and 573 of the Companies
Act 2006 180,925,609 100% 2,425 Nil 10,747
------------ ----------- ---------- ------- -----------
8: To authorise the Company
to make market purchases of
its own shares 170,117,916 99.99% 20,865 0.01% 10,800,000
------------ ----------- ---------- ------- -----------
9: That a general meeting other
than an Annual General Meeting
may be called on not less than
14 clear days' notice 176,659,764 97.64% 4,279,017 2.36% Nil
------------ ----------- ---------- ------- -----------
* Excludes votes withheld
(1) Any proxy appointments which give discretion to the Chairman
have been included in the 'for' column.
A vote withheld is not a vote in law and it is not counted in
the votes for and against resolutions.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group
Hana Beard +44 (0) 20 7290 1616
Maitland/AMO (Communications Adviser) +44 (0) 77 4711 3930
James Benjamin tritax-maitland@maitland.com
The Company's LEI is: 213800HK59N7H979QU33
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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