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.

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

RAGUOOURROUUAAR

(END) Dow Jones Newswires

February 13, 2020 07:35 ET (12:35 GMT)

Tritax Eurobox (LSE:BOXE)
Gráfica de Acción Histórica
De Ago 2020 a Sep 2020 Haga Click aquí para más Gráficas Tritax Eurobox.
Tritax Eurobox (LSE:BOXE)
Gráfica de Acción Histórica
De Sep 2019 a Sep 2020 Haga Click aquí para más Gráficas Tritax Eurobox.