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First Interim Dividend

Released 13:39 05-Sep-2018

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 £187.5m and to date has announced signed agreements committing capital to purchase five assets totalling over €139 million with negotiations ongoing to acquire further properties representing further investment of approximately €70 million.

Portfolio management services are undertaken by Aberdeen Asset Managers Limited.

 


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First Interim Dividend - RNS