Tritax EuroBox PLC Exchange Rate for Dividend Payment (0051P)

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                          [phone] 
 
 Jefferies International Limited 
  Tom Yeadon 
  Stuart Klein                            [phone] 
 Kempen & Co N.V. 
  Dick Boer 
  Thomas ten Hoedt                        [phone] 
 Akur Limited 
  Anthony Richardson 
  Tom Frost 
  Siobhan Sergeant                        [phone] 
 
 Maitland/AMO (Communications Adviser)    [phone] 
  James Benjamin                           [e-mail] 
 

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.

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June 04, 2020 08:58 ET (12:58 GMT)