Last checked at 
13 Feb 2020 12:35
13 February 2020
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 13 February 2020, 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 422,727,273 ordinary shares with voting rights in issue.
For information, the following proxy votes were received prior to the meeting.
Resolutions | Proxy votes in favour1 | Proxy votes against | Votes withheld | ||
Votes | % of votes cast* | Votes | % of votes cast* | Votes | |
1: To receive and adopt the financial statements for the financial year ended 30 September 2019 | 295,772,228 | 100 | 0 | 0 | 0 |
2: To receive, adopt and approve the Directors' Remuneration Report (other than the Directors' Remuneration Policy) | 295,761,541 | 100 | 10,687 | 0 | 0 |
3: To approve the Directors' Remuneration Policy which is contained within the Annual Report of the Company for the financial year ended 30 September 2019 | 295,760,086 | 100 | 10,687 | 0 | 1,455 |
4: To re-elect Robert Orr as a Director of the Company | 290,130,551 | 98.09 | 5,641,677 | 1.91 | 0 |
5: To re-elect Taco De Groot as a Director of the Company | 279,785,692 | 94.59 | 15,986,535 | 5.41 | 0 |
6: To re-elect Keith Mansfield as a Director of the Company | 290,382,142 | 98.18 | 5,390,086 | 1.82 | 0 |
7: To elect Eva-Lotta Sjöstedt as a Director of the Company | 295,770,028 | 100 | 2,200 | 0 | 0 |
8: To appoint KPMG LLP as the Company's Auditor | 295,767,603 | 100 | 4,625 | 0 | 0 |
9: To authorise the Directors to determine the Auditor's remuneration | 295,263,131 | 99.83 | 509,097 | 0.17 | 0 |
10: To authorise the Directors to declare and pay all dividends of the Company as interim dividends | 295,769,803 | 100 | 2,425 | 0 | 0 |
11: To authorise the Directors to allot shares under section 551 of the Companies Act 2006 | 292,834,009 | 99.01 | 2,938,219 | 0.99 | 0 |
12: To authorise the Directors to allot shares as if section 561(1) of the Companies Act 2006 did not apply, for cash | 293,666,148 | 99.29 | 2,106,080 | 0.71 | 0 |
13: To authorise the Directors to allot shares as if section 561(1) of the Companies Act 2006 did not apply, for cash for the purpose of making acquisitions or capital investments | 273,666,148 | 92.53 | 22,106,080 | 7.47 | 0 |
14: To authorise the Company to make market purchases of its own shares | 285,235,966 | 99.99 | 29,365 | 0.01 | 10,506,897 |
15: That a general meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice | 292,832,001 | 99.01 | 2,940,227 | 0.99 | 0 |
* 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 (Company Secretary) | +44 (0) 20 7290 1616 |
Jefferies International Limited Gary Gould Stuart Klein
| +44 (0) 20 7029 8000 |
Kempen & Co N.V. Dick Boer Thomas ten Hoedt
| +31 (0) 20 348 8500 |
Akur Limited | +44 (0)20 7493 3631 |
Anthony Richardson Tom Frost Siobhan Sergeant | |
Maitland/AMO (Communications Adviser) James Benjamin | +44 (0) 20 7379 5151 Email: 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 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 and Dietz AG 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. 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.