Schroder Euro Real - Dividend Declaration

Schroder European Real Estate Investment Trust

15/08/2022 07:00

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RNS Number : 8959V  Schroder Eur Real Est Inv Trust PLC  15 August 2022

15 August 2022

THIRD INTERIM DIVIDEND AND SPECIAL DIVIDEND

 

Schroder European Real Estate Investment Trust plc (the "Company") announces
its third interim dividend for the year ending 30 September 2022 of 1.85 euro
cents per share.

 

In addition, it is announcing a further final special dividend of 0.10 euro
cents per share, associated with the successful execution of the Paris,
Boulogne-Billancourt business plan. This brings the combined interim dividend
to 1.95 euro cents per share.

 

The payment of the dividends will be made on Friday, 30 September 2022 to
shareholders on the register on the record date of Friday, 9 September 2022.
In South Africa, the last day to trade will be Tuesday, 6 September 2022 and
the ex-dividend date will be Wednesday, 7 September 2022. In the UK, the last
day to trade will be Wednesday, 7 September 2022 and the ex-dividend date will
be Thursday, 8 September 2022.

 

The dividends will be paid in sterling to shareholders on the UK register and
rand to shareholders on the South African register. The exchange rate for
determining the dividends paid in rand will be confirmed by way of an
announcement on Monday 22 August 2022. UK shareholders are able to make an
election to receive dividends in euro. The form for applying for such election
can be obtained from the Company's UK registrars (Equiniti Limited) and any
such election must be received by the Company no later than the close of
business on Friday, 9 September 2022. The exchange rate for determining the
dividends paid in sterling will be confirmed following the election cut-off
date by way of an announcement on Monday, 12 September 2022.

 

Shares cannot be moved between the South African register and the UK register
between Monday, 22 August 2022 and Friday, 9 September 2022, both days
inclusive. Shares may not be dematerialised or rematerialised in South Africa
between Wednesday, 7 September 2022 and Friday, 9 September 2022, both days
inclusive.

 

The Company has a total of 133,734,686 shares in issue on the date of this
announcement.  The dividend will be distributed by the Company (UK tax
registration number 21696 04839) and is regarded as a foreign dividend for
shareholders on the South African register.  In respect of South African
shareholders, dividend tax will be withheld from the amount of the dividend
noted above at the rate of 20% unless the shareholder qualifies for the
exemption.  Further dividend tax information for South African shareholders
will be included in the exchange rate announcement to be made on Monday, 22
August 2022.

 

The Company will announce its unaudited net asset value ("NAV") for the period
ended 30 June 2022 in September.

 

 

 

Enquiries:

 

Jeff O'Dwyer

Schroder Real Estate Investment Management
Limited                 Tel: 020 7658 6000

 

Ria Vavakis

Schroder Investment Management
Limited
Tel: 020 7658 2371

 

Dido Laurimore/Richard Gotla/Ollie Parsons

FTI Consulting
                                     Tel: 020 3727 1000

 

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