TIDMEBOX TIDMBOXE
RNS Number : 9465C
Tritax EuroBox PLC
13 February 2020
13 February 2020
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 13 February 2020, 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 422,727,273 ordinary shares with voting rights in issue.
For information, the following proxy votes were received prior
to the meeting.
Proxy votes in favour(1) Proxy votes against Votes withheld
% of votes % of votes
Resolutions Votes cast* Votes cast* Votes
-------------- ----------- ----------- ----------- ---------------
1: To receive and adopt
the financial statements
for the financial year
ended 30 September 2019 295,772,228 100 0 0 0
-------------- ----------- ----------- ----------- ---------------
2: To receive, adopt and
approve the Directors'
Remuneration Report (other
than the Directors' Remuneration
Policy) 295,761,541 100 10,687 0 0
-------------- ----------- ----------- ----------- ---------------
3: To approve the Directors'
Remuneration Policy which
is contained within the
Annual Report of the Company
for the financial year
ended 30 September 2019 295,760,086 100 10,687 0 1,455
-------------- ----------- ----------- ----------- ---------------
4: To re-elect Robert Orr
as a Director of the Company 290,130,551 98.09 5,641,677 1.91 0
-------------- ----------- ----------- ----------- ---------------
5: To re-elect Taco De
Groot as a Director of
the Company 279,785,692 94.59 15,986,535 5.41 0
-------------- ----------- ----------- ----------- ---------------
6: To re-elect Keith Mansfield
as a Director of the Company 290,382,142 98.18 5,390,086 1.82 0
-------------- ----------- ----------- ----------- ---------------
7: To elect Eva-Lotta Sjöstedt
as a Director of the Company 295,770,028 100 2,200 0 0
-------------- ----------- ----------- ----------- ---------------
8: To appoint KPMG LLP
as the Company's Auditor 295,767,603 100 4,625 0 0
-------------- ----------- ----------- ----------- ---------------
9: To authorise the Directors
to determine the Auditor's
remuneration 295,263,131 99.83 509,097 0.17 0
-------------- ----------- ----------- ----------- ---------------
10: To authorise the Directors
to declare and pay all
dividends of the Company
as interim dividends 295,769,803 100 2,425 0 0
-------------- ----------- ----------- ----------- ---------------
11: To authorise the Directors
to allot shares under section
551 of the Companies Act
2006 292,834,009 99.01 2,938,219 0.99 0
-------------- ----------- ----------- ----------- ---------------
12: To authorise the Directors
to allot shares as if section
561(1) of the Companies
Act 2006 did not apply,
for cash 293,666,148 99.29 2,106,080 0.71 0
-------------- ----------- ----------- ----------- ---------------
13: To authorise the Directors
to allot shares as if section
561(1) of the Companies
Act 2006 did not apply,
for cash for the purpose
of making acquisitions
or capital investments 273,666,148 92.53 22,106,080 7.47 0
-------------- ----------- ----------- ----------- ---------------
14: To authorise the Company
to make market purchases
of its own shares 285,235,966 99.99 29,365 0.01 10,506,897
-------------- ----------- ----------- ----------- ---------------
15: That a general meeting
other than an Annual General
Meeting may be called on
not less than 14 clear
days' notice 292,832,001 99.01 2,940,227 0.99 0
-------------- ----------- ----------- ----------- ---------------
* 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 (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
Akur Limited +44 (0)20 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
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 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'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
RAGUOOURROUUAAR
(END) Dow Jones Newswires
February 13, 2020 07:35 ET (12:35 GMT)
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