Tritax EuroBox PLC Directorship Update (6272N)
21 Maggio 2020 - 12:51PM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 6272N
Tritax EuroBox PLC
21 May 2020
21 May 2020
TRITAX EUROBOX PLC
(the "Company")
directorship update
The Company notes that, as announced by Motorpoint Group PLC
("Motorpoint"), Keith Mansfield, a Non-Executive Director of the
Company, was appointed as a Non-Executive Director of Motorpoint,
with effect from 20 May 2020. Keith has also been appointed as
Audit Committee chair and member of both the Nomination and
Remuneration Committees.
Motorpoint is the UK's largest independent vehicle retailer
which is listed on the London Stock Exchange.
In accordance with the Listing Rules, there is no further
information required to be disclosed pursuant to LR9.6.14R.
For further information, please contact:
Tritax Group
Hana Beard (Company Secretary) +44 (0) 20 7290 1616
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 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
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
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May 21, 2020 06:51 ET (10:51 GMT)
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