Last checked at 
26 Mar 2019 18:42
26 March 2019
TRITAX EUROBOX PLC
(the "Company")
Result of AGM
The Board of Tritax EuroBox plc (ticker: EBOX) announces that at the Company's Annual General Meeting, held on 26 March 2019, all resolutions were duly passed on a show of hands.
In accordance with Listing Rule 9.6.2(R), a copy of the resolutions passed at the Annual General Meeting will be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.
As at the date of the Company's Annual General Meeting, there were 300,000,000 ordinary shares with voting rights in issue. Proxies were received by the Company from shareholders before the meeting, as follows:
RESOLUTIONS | FOR1 | AGAINST | WITHHELD | ||
VOTES | % OF VOTES CAST* | VOTES | % OF VOTES CAST* | VOTES | |
1: To elect Robert Orr as a Director of the Company | 180,753,867 | 99.90% | 183,966 | 0.10% | 948 |
2: To elect Taco De Groot as a Director of the Company | 180,935,408 | 100% | 2,425 | Nil | 948 |
3: To elect Keith Mansfield as a Director of the Company | 180,935,408 | 100% | 2,425 | Nil | 948 |
4: To authorise the Directors to declare and pay all dividends of the Company as interim dividends | 180,935,408 | 100% | 2,425 | Nil | 948 |
5: To authorise the Directors to allot shares under section 551 of the Companies Act 2006 | 174,204,714 | 96.28% | 6,723,320 | 3.72% | 10,747 |
6: To authorise the Directors to allot shares as if section 561(1) of the Companies Act 2006 did not apply | 180,925,609 | 100% | 2,425 | Nil | 10,747 |
7: To authorise the Directors to allot shares under sections 570(1) and 573 of the Companies Act 2006 | 180,925,609 | 100% | 2,425 | Nil | 10,747 |
8: To authorise the Company to make market purchases of its own shares | 170,117,916 | 99.99% | 20,865 | 0.01% | 10,800,000 |
9: That a general meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice | 176,659,764 | 97.64% | 4,279,017 | 2.36% | Nil |
* Excludes votes withheld
1 Any proxy appointments which give discretion to the Chairman have been included in the 'for' column.
A vote withheld is not a vote in law and it is not counted in the votes for and against resolutions.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group Hana Beard | +44 (0) 20 7290 1616 |
Maitland/AMO (Communications Adviser) James Benjamin | +44 (0) 77 4711 3930 tritax-maitland@maitland.com |
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'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. The appointed asset managers Logistics Capital Partners ("LCP") and Dietz AG ("Dietz") are logistics specialists and offer the Company exposure to high quality asset management expertise and access to their respective development pipelines, providing acquisition opportunities across 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.