Tritax EuroBox PLC Exchange Rate For Dividend Payment (7050Y)
03 Gennaio 2020 - 11:53AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 7050Y
Tritax EuroBox PLC
03 January 2020
3 January 2020
Tritax EuroBox plc
(the "Company")
EXCHANGE RATE FOR DIVIDEND PAYMENT
On 10 December 2019, the Company declared an interim dividend in
respect of the period from 1 July 2019 to 30 September 2019 of 1.00
cent per ordinary share, payable on or around 15 January 2020 to
shareholders on the Register on 20 December 2019. 0.4019 cent of
each 1 cent dividend per Ordinary Share will be designated as
interest distribution.*
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 0.8460 resulting in an interim dividend of
0.8460 pence per Ordinary Share (of which 0.3400 pence per Ordinary
Share will be designated as interest distribution*).
Note:
* As an investment trust under Chapter 4 of Part 24 of the
Corporation Tax Act 2010 ("CTA 2010"), the Company has elected for
the "streaming regime" (the modified UK tax treatment permitted
under CTA 2010) to apply to the dividend paid in respect of
"qualifying interest income" with such dividend designated by the
Company as an "interest distribution", and shareholders will be
taxed accordingly.
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
Akur Limited
Anthony Richardson
Tom Frost
Siobhan Sergeant +44 (0)20 7493 3631
Maitland/AMO (Communications Adviser) +44 (0) 20 7379 5151
James Benjamin 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 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.
This information is provided by RNS, the news service of the
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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
DIVSSUFSDESSELF
(END) Dow Jones Newswires
January 03, 2020 05:53 ET (10:53 GMT)
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