Aberdeen Standard Eur Lgstc Inc PLC First Interim Dividend (8820Z)
September 05 2018 - 8:39AM
UK Regulatory
TIDMASLI
RNS Number : 8820Z
Aberdeen Standard Eur Lgstc Inc PLC
05 September 2018
Aberdeen Standard European Logistics Income PLC (LSE: ASLI) (the
"Company")
LEI: 213800I9IYIKKNRT3G50
Declaration of First Interim Dividend
5 September 2018
The Directors have today declared a first interim dividend of
0.7p per Ordinary share, in respect of the period from initial
launch to 30 June 2018. This is in accordance with the intention
stated in the IPO Launch Prospectus to target a first dividend of
no less than 0.7p per Ordinary Share in respect of the period from
initial admission of the Company's Ordinary shares to the Official
List of the UK Listing Authority (being 15 December 2017) to 30
June 2018.
The first interim dividend will be paid on 28 September 2018 to
Ordinary shareholders on the register on 14 September 2018 (ex
dividend date of 13 September 2018).
The Company intends to declare quarterly dividends to
Shareholders, with dividends declared in respect of the quarters
ending on the following dates: 31 March, 30 June, 30 September and
31 December in each year. The Company expects to pay, in aggregate,
dividends totalling no less than 3.0p per Ordinary Share in respect
of the period from initial admission to 31 December 2018.
The Company will be publishing the Half Yearly Results for the
period from launch to 30 June 2018, including an update on the
portfolio, in the week commencing 24 September 2018.
Details of the Company may be found on the Company's website at:
www.eurologisticsincome.co.uk
For further information:
Aberdeen Fund Managers Limited
0207 463 6000
William Hemmings
Gary Jones
Jonathon McManus
Canaccord Genuity Limited
0207 523 8000
Will Barnett
Neil Brierley
Dominic Waters
David Yovichic
Notes to Editors:
Aberdeen Standard European Logistics Income PLC is a UK
investment trust with a premium listing on the Main Market of the
London Stock Exchange. The Company invests in European logistics
real estate to achieve its objective of providing its shareholders
with a regular and attractive level of income return together with
the potential for long term income and capital growth. The Company
aims to invest in a portfolio of assets diversified by both
geography and tenant throughout Europe, predominantly targeting
well-located assets at established distribution hubs and within
population centres.
The European logistics market is large and growing with tenant
demand being driven by rapid growth in e-commerce across Europe,
supply chain reconfiguration amongst existing operators and
increased globalisation of traded goods. This trend is creating
demand for high quality modern 'big box' logistics facilities from
emerging e-commerce businesses, traditional retailers and
manufacturers upgrading their distribution capabilities and the
third party logistics operators servicing the sector.
The Company launched on 15 December 2017 raising gross proceeds
of GBP187.5m and to date has announced signed agreements committing
capital to purchase five assets totalling over EUR139 million with
negotiations ongoing to acquire further properties representing
further investment of approximately EUR70 million.
Portfolio management services are undertaken by Aberdeen Asset
Managers Limited.
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 rns@lseg.com or visit www.rns.com.
END
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