Tritax EuroBox PLC Exchange Rate For Dividend Payment (8249F)
11 Marzo 2020 - 4:53PM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 8249F
Tritax EuroBox PLC
11 March 2020
11 March 2020
Tritax EuroBox plc
(the "Company")
EXCHANGE RATE FOR DIVIDEND PAYMENT
On 14 February 2020, the Company declared an interim dividend in
respect of the period from 1 October 2019 to 31 December 2019 of
1.10 cents per Ordinary Share, payable on or around 27 March 2020
to shareholders on the Register on 6 March 2020.
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 0.8718 resulting in an interim dividend of
0.959 pence per Ordinary Share.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group
Nick Preston
James Dunlop +44 (0) 20 7290 1616
Jefferies International Limited
Gary Gould
Stuart Klein
Tom Yeadon +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.tri taxeurobox.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
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
DIVSFFFIFESSEID
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March 11, 2020 11:53 ET (15:53 GMT)
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