Dividend Declaration

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: [phone]

Ria Vavakis

Schroder Investment Management Limited  Tel: [phone]

Dido Laurimore/Richard Gotla/Ollie Parsons 

FTI Consulting                                                                                Tel: [phone]

 

END

 

 

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