Tritax EuroBox PLC Dividend Declaration (3192N)

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                                  [phone] 
 Nick Preston 
  Mehdi Bourassi 
 
 Jefferies International Limited               [phone] 
 Tom Yeadon 
  Stuart Klein 
 
 Kempen & Co N.V.                              [phone] 
 Dick Boer 
  Thomas ten Hoedt 
 
 A kur Limited                                 [phone] 
 Anthony Richardson 
  Tom Frost 
  Siobhan Sergeant 
 
 Maitland/AMO (Communications Adviser)         [phone] 
 James Benjamin                                [e-mail] 
 
 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 [e-mail] or visit www.rns.com.

END

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May 19, 2020 02:00 ET (06:00 GMT)