Tritax EuroBox PLC Exchange Rate for Dividend Payment (0051P)
June 04 2020 - 7:58AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 0051P
Tritax EuroBox PLC
04 June 2020
4 June 2020
Tritax EuroBox plc
(the "Company")
EXCHANGE RATE FOR DIVIDEND PAYMENT
On 19 May 2020, the Company 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.
In accordance with the Company's dividend policy, dividends are
declared in Euro and paid, by default, in Sterling. The
Euro/Sterling exchange rate for dividend payments made in Sterling
has been determined as 0.8929 resulting in an interim dividend of
0.9822 pence per Ordinary Share.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group
Nick Preston
Mehdi Bourassi +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
Akur Limited
Anthony Richardson
Tom Frost
Siobhan Sergeant +44 (0)20 7493 3631
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 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. 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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