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Second Interim Dividend
Schroder European Real Estate Investment Trust PLC
(Incorporated in England and Wales)
Registration number: 09382477
JSE Share Code: SCD
LSE Ticker: SERE
ISIN number: GB00BY7R8K77
14 December 2016
SECOND INTERIM DIVIDEND
Schroder European Real Estate Investment Trust plc (the “Company”) announces its second interim
dividend for the year ended 30 September 2016 of 0.9 euro cents per share. The dividend represents
an annualised rate of 2.6% based on the euro equivalent of the issue price as at admission.
The dividend is fully covered from contractual income receivable from the current portfolio. Once
fully invested, including the debt being drawn, the Company will target an annualised euro dividend
yield of 5.5%, based on the euro equivalent of the issue price as at admission.
The interim dividend payment will be made on 27 January 2017 to shareholders on the register on
the record date of 13 January 2017. In South Africa, the last day to trade will be 10 January 2017
and the ex-dividend date will be 11 January 2017. In the UK, the last day to trade will be 11 January
2017 and the ex-dividend date will be 12 January 2017.
The interim dividend will be paid in GBP 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 3 January 2017. 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 13 January 2017. The exchange rate for determining the interim dividend
paid in GBP will be confirmed following the election cut off date by way of an announcement on 16
January 2017.
Shares cannot be moved between the South African register and the UK register between 3 January
2017 and 13 January 2017, both days inclusive. Shares may not be dematerialised or rematerialised
in South Africa between 11 January 2017 and 13 January 2017, 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 15% 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
3 January 2017.
Enquiries:
Duncan Owen/Tony Smedley
Schroder Real Estate Investment Management Limited Tel: 020 7658 6000
Ria Vavakis
Schroder Investment Management Limited Tel: 020 7658 2371
Dido Laurimore Tel: 020 3727 1000
FTI Consulting
JSE Sponsor: PSG Capital Proprietray Limited
Date: 14/12/2016 09:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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