Tritax EuroBox PLC Transfer to Premium Listing Segment (9592X)
03 Mayo 2019 - 1:00AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 9592X
Tritax EuroBox PLC
03 May 2019
3 May 2019
TRITAX EUROBOX PLC
(the "Company")
TRANSFER OF ORDINARY SHARES TO THE PREMIUM LISTING SEGMENT OF
THE OFFICIAL LIST
Further to the announcements of 4 February 2019 and 28 March
2019, the Board of Tritax EuroBox plc (tickers: EBOX (Sterling),
BOXE (Euro)), which invests in Continental European logistics real
estate assets, is pleased to announce that applications have been
made to the Financial Conduct Authority ("FCA") for its entire
issued share capital, being 300,000,000 ordinary shares ("Ordinary
Shares"), to be admitted to the premium listing segment of the
Official List of the FCA ("Official List") and to the London Stock
Exchange plc for its Ordinary Shares to be admitted to trading on
the premium segment of the Main Market ("Admission"). Admission is
expected to become effective at 8:00am on Tuesday, 7 May 2019.
The Board believes that the Company's transfer from the
Specialist Fund Segment to the premium segment of the Main Market
of the London Stock Exchange and the admission to the premium
listing segment of the Official List ("Premium Listing") will
facilitate the Company's eligibility for inclusion in the FTSE UK
and FTSE EPRA NAREIT Index Series, with inclusion in the FTSE UK
Index Series expected in June 2019 and inclusion in the FTSE EPRA
NAREIT Index Series expected in Q1 2020.
Jefferies International Limited is acting for the Company in
connection with the Premium Listing.
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
Maitland/AMO (Communications +44 (0) 20 7379 5151
Adviser) Email: tritax-maitland@maitland.co.uk
James Benjamin
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'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.
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 03, 2019 02:00 ET (06:00 GMT)
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