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.

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END

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(END) Dow Jones Newswires

May 21, 2020 06:51 ET (10:51 GMT)

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