Tritax EuroBox PLC Dividend Declaration (3192N)
19 Mayo 2020 - 1:00AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 3192N
Tritax EuroBox PLC
19 May 2020
19 May 2020
Tritax EuroBox plc
(the "Company")
DIVIDEND DECLARATION
The Board of Tritax EuroBox plc (tickers: EBOX (Sterling), BOXE
(Euro)), which invests in a high-quality portfolio of very large,
prime logistics real estate assets strategically located across
continental Europe , has today declared an interim dividend in
respect of the period from 1 January 2020 to 31 March 2020 of 1.10
cents per Ordinary Share, payable on or around 15 June 2020 to
shareholders on the Register on 29 May 2020. The ex-dividend date
will be 28 May 2020.
In accordance with the Company's dividend policy, dividends are
declared in Euro and paid, by default, in Sterling. However,
shareholders are able to elect to receive dividends in Euro by
written notice to Computershare Investor Services PLC, the
Company's Registrar (such election to remain valid until written
cancellation or revocation is given to the Registrar).
Copies of the currency election form are available via the
Company's website or the link below: https:
//www-uk.computershare.com/Content/download
The latest date for receipt by the Registrar of completed
currency election forms is 1 June 2020. Instructions on how to
complete and return the form are set out in the currency election
form.
The Euro/Sterling exchange rate for dividend payments made in
Sterling will be determined and announced on or around 3 June
2020.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group +44 (0) 20 7290 1616
Nick Preston
Mehdi Bourassi
Jefferies International Limited +44 (0) 20 7029 8000
Tom Yeadon
Stuart Klein
Kempen & Co N.V. +31 (0) 20 348 8500
Dick Boer
Thomas ten Hoedt
A kur Limited +44 (0) 20 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
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 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 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.
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
DIVGPUAAAUPUUAB
(END) Dow Jones Newswires
May 19, 2020 02:00 ET (06:00 GMT)
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