Grafico Azioni Tritax Eurobox (LSE:BOXE)
6 Mesi : Da Lug 2019 a Gen 2020
RNS Number : 9819J
Tritax EuroBox PLC
22 August 2019
22 August 2019
Tritax EuroBox plc
EXCHANGE RATE FOR DIVIDEND PAYMENT
On 8 August 2019, the Company declared an interim dividend in respect of the period from 1 April 2019 to 30 June 2019 of 1 cent per Ordinary Share, payable on or around 9 September 2019 to shareholders on the register on 16 August 2019.
In accordance with the Company's dividend policy, dividends are declared in Euro and paid, by default, in Sterling. The Euro/Sterling exchange rate for dividend payments made in Sterling has been determined as 1.0941 resulting in an interim dividend of 0.914 pence per ordinary share.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group +44 (0) 20 7290 1616
Jefferies International Limited +44 (0) 20 7029 8000
Kempen & Co N.V. +31 (0) 20 348 8500
Thomas ten Hoedt
Maitland/AMO (Communications Adviser) +44 (0) 20 7379 5151
James Benjamin email@example.com
The Company's LEI is: 213800HK59N7H979QU33.
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.
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(END) Dow Jones Newswires
August 22, 2019 11:12 ET (15:12 GMT)