Schroder Eur Real Est Inv Trust PLC Dividend Declaration (3504E)
07 July 2021 - 4:01PM
UK Regulatory
TIDMSERE
RNS Number : 3504E
Schroder Eur Real Est Inv Trust PLC
07 July 2021
7 July 2021
SECOND INTERIM DIVIDEND
Schroder European Real Estate Investment Trust plc (the
"Company") announces its second interim dividend for the year
ending 30 September 2021. The Board is confident in the future of
the business, particularly giving the improving outlook, valuation
resilience and return to healthy rent collection and has reinstated
the quarterly dividend to its pre-Covid-19 level of 1.85 euro cents
per share.
The interim dividend payment will be made on Monday, 16 August
2021 to shareholders on the register on the record date of Friday,
30 July 2021. In South Africa, the last day to trade will be
Tuesday, 27 July 2021 and the ex-dividend date will be Wednesday,
28 July 2021. In the UK, the last day to trade will be Wednesday,
28 July 2021 and the ex-dividend date will be Thursday, 29 July
2021.
The interim dividend 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 interim dividend
paid in rand will be confirmed by way of an announcement on Monday,
12 July 2021. 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
Friday, 30 July 2021. The exchange rate for determining the interim
dividend paid in sterling will be confirmed following the election
cut off date by way of an announcement on Monday, 2 August 2021.
Conversion to rand will take place on Wednesday, 14 July 2021.
Shares cannot be moved between the South African register and
the UK register between Monday, 12 July 2021 and Monday, 2 August
2021, both days inclusive. Shares may not be dematerialised or
rematerialised in South Africa between Wednesday, 28 July 2021 and
Friday, 30 July 2021, 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, 12
July 2021.
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 / Oliver Parsons
FTI Consulting Tel: 020 3727 1000
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END
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