RNS Number : 0180M

Tritax EuroBox PLC

05 May 2020

5 May 2020


(the " Company ")


The Board of Tritax EuroBox plc (ticker: EBOX (Sterling), BOXE (Euro)), announces that the following changes to the membership of its Audit Committee were approved with effect from 5 May 2020.

Eva-Lotta Sjöstedt will become a member of the Audit Committee and Robert Orr will step down from the Audit Committee.

Following the above changes, the membership of each of the Board Committees is as follows:

Committee                        Membership 
Audit Committee                  Keith Mansfield (Chair) 
                                  Taco De Groot 
                                  Eva-Lotta S jöstedt 
Nomination Committee             Robert Orr (Chair) 
                                  Taco De Groot 
                                  Keith Mansfield 
Management Engagement Committee  Taco De Groot (Chair) 
                                  Robert Orr 
                                  Keith Mansfield 
                                  Eva-Lotta S jöstedt 

The Terms of Reference for each Committee are available on the Company's website and on request from the Company Secretary.

In accordance with the Listing Rules, there is no further information required to be disclosed pursuant to LR9.6.11R.

For further information, please contact:

Tritax Group 
 Hana Beard (Company Secretary)               +44 (0) 20 7290 1616 
Jefferies International Limited 
 Tom Yeadon 
 Stuart Klein                                 +44 (0) 20 7029 8000 
Kempen & Co N.V. 
 Dick Boer 
 Thomas ten Hoedt                             +31 (0) 20 348 8500 
Maitland.AMO (Communications Adviser)         +44 (0) 20 7379 5151 
 James Benjamin                                Email: tritax-maitland@maitland.co.uk 
 The Company's LEI is: 213800HK59N7H979QU33 


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.

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(END) Dow Jones Newswires

May 05, 2020 13:36 ET (17:36 GMT)

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