Tritax EuroBox PLC Exchange rate for dividend payment (0751J)
December 17 2020 - 11:43AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 0751J
Tritax EuroBox PLC
17 December 2020
17 December 2020
Tritax EuroBox plc
(the "Company")
EXCHANGE RATE FOR DIVIDEND PAYMENT
On 3 December 2020, the Company declared an interim dividend in
respect of the period from 1 July 2020 to 30 September 2020 of 1.10
cents per Ordinary Share, payable on 8 January 2021 to shareholders
on the Register on 11 December 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 0.8985* resulting in an interim dividend of
0.9884 pence per Ordinary Share. The total 1.10 cent dividend per
Ordinary Share will be designated as interest distribution **.
Note:
* The Euro/Sterling exchange rate was determined on the 16
December 2020.
** As an investment trust under Chapter 4 of Part 24 of the
Corporation Tax Act 2010 ("CTA 2010"), the Company has elected for
the "streaming regime" (the modified UK tax treatment permitted
under CTA 2010) to apply to the dividend paid in respect of
"qualifying interest income" with such dividend designated by the
Company as an "interest distribution", and shareholders will be
taxed accordingly.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group
Nick Preston
Mehdi Bourassi
Jo Blackshaw/ Ian Brown (Investor
Relations) +44 (0) 20 7290 1616
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 delivering 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.
The Company's Manager, Tritax Management LLP, has assembled a
full-service European logistics asset management capability
including specialist "on the ground" asset and property managers
with strong market standings in the Continental European logistics
sector.
Further information on Tritax EuroBox plc is available at
www.tritaxeurobox.co.uk
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END
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