Tritax EuroBox PLC Appointment of Senior Independent Director (3368G)
22 Luglio 2019 - 6:38PM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 3368G
Tritax EuroBox PLC
22 July 2019
22 July 2019
TRITAX EUROBOX PLC
(the "Company")
BOARD UPDATE
The Board of Directors of Tritax EuroBox plc (tickers: EBOX
(Sterling), BOXE (Euro)) announces that Keith Mansfield, currently
a Non-Executive Director of the Company, has been appointed as
Senior Independent Director with immediate effect.
For further information, please contact:
Tritax Group
Hana Beard (Company Secretary) +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 Email:tritax-maitland@maitland.co.uk
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 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 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.
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END
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July 22, 2019 12:38 ET (16:38 GMT)
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