Appointment of Non-Executive Director

RNS Number : 0960T

Urban Logistics REIT PLC

15 March 2023

 

15^th March 2023

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Appointment of Non-Executive Director

The Board of Urban Logistics (LON: SHED), the last mile logistics focused REIT, is pleased to announce the appointment of Ms Lynda Heywood as an Independent Non-Executive Director of the Company, and a member of the Audit Committee, Management Engagement Committee and Nomination Committee with effect from 1 May 2023.

Lynda Heywood is a finance leader and treasurer who brings a wealth of experience in guiding FTSE 100 companies from her 20-year tenure at Kingfisher, and six years at Tesco, holding group treasurer roles at both organisations.

In her role in the finance leadership team at Tesco, she is responsible for capital structure, liquidity and financial risk management, and has been instrumental in delivering the group's property JV acquisitions. Lynda also sits on the Investment and Risk Committee of the Tesco Pension Scheme, which holds a significant real estate portfolio.

Outside of her role at Tesco Lynda is also a member of the Money Markets Committee of the Bank of England. She qualified as a chartered accountant with BDO Stoy Hayward, is a fellow of the Association of Corporate Treasurers and holds a BA in accountancy from the London Metropolitan University.

Nigel Rich, Chairman of Urban Logistics commented:

"On behalf of the board I am delighted to welcome Lynda as a new independent director of Urban Logistics. We believe her experience in leading finance functions in FTSE 100 companies will be invaluable as we continue to execute against our strategy."

"We are lucky to find a candidate for this role with Lynda's depth and breadth of experience, covering finance, listed businesses and real estate, and we look forward to working closely with her in years to come."

The following information is disclosed in accordance with Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

Lynda, in her role as Corporate Treasurer, is currently the Director of the following companies that are currently in voluntary liquidation:

Company	Duration of Directorship	Date placed into voluntary liquidation
Buttoncable Limited	11/08/2016 - 24/01/2022	09/03/2022
Stewarts Supermarkets Limited	10/01/2020 - Present	25/02/2020
Tesco Aqua (3LP) Limited	11/08/2016 - 11/01/2021	29/11/2021
Tesco International Internet Retailing Limited	10/01/2020 - Present	25/02/2020

In addition, Lynda has been a Director of a number of companies at the time in which they went into creditors' voluntary liquidation or within 12 months:

Company	Duration of Directorship	Date the Company was Placed into Voluntary Liquidation	Date the Company was Dissolved
Adminstore Limited	10/01/2020 - 25/01/2022	22/04/2021	25/01/2022
Adsega Limited	12/08/2019 - 26/05/2020	09/09/2019	26/05/2020
Tesco TLB Barnstaple Limited	22/11/2019 - 11/06/2020	14/03/2019	11/06/2020
Tesco TLB Nottingham Limited	22/11/2019 - 11/06/2020	14/03/2019	11/06/2020
Tesco TLB Pontypridd Limited	22/11/2019 - 11/06/2020	14/03/2019	11/06/2020
Cheshunt Finance Unlimited	11/08/2016 - 11/02/2019	14/03/2019	21/03/2021
Comar Limited	11/08/2016 - 05/01/2022	09/03/2022	09/03/2023
Country Market Limited	11/08/2016 - 20/02/2017	21/03/2017	09/06/2018
Crazy Prices	11/08/2016 - 20/02/2017	11/04/2017	17/04/2019
Cullen's Holdings Limited	11/08/2016 - 12/01/2021	09/09/2019	12/01/2021
Daily Wrap Produce limited	11/08/2016 - 14/02/2017	20/04/2017	17/04/2019
Delamare One limited	11/08/2016 - 16/05/2017	24/08/2018	24/11/2018
Europa Foods limited	11/08/2016 - 21/04/2021	09/09/2019	21/04/2021
Faraday Properties Limited	09/08/2019 - 15/08/2020	02/09/2019	15/08/2020
Halesworth SPV Limited	11/08/2016 - 17/01/2019	09/04/2020	09/07/2020
Laws Stores Limited	11/08/2016 - 02/02/2017	10/07/2017	04/04/2018
Motorcause Limited	02/02/2021 - 25/01/2022	19/03/2021	25/01/2022
NutriCentre Limited	13/08/2019 - 12/01/2021	09/09/2019	12/01/2021
Tesco Aqua (FinCo1) Limited	10/01/2020 - 22/09/2021	25/02/2020	22/09/2021
Tesco Blue (FinCo2) Limited	29/01/2021 - 25/01/2022	19/03/2021	25/01/2022
Tesco Overseas ULC	11/08/2016 - 17/05/2022	19/05/2021	17/05/2022
Tesco Treasury Services limited	11/08/2016 - 12/01/2021	12/09/2019	12/01/2021
Wm. Low Supermarkets limited	09/08/2019 - 15/08/2020	02/09/2019	15/08/2020

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

For further information contact:

Urban Logistics REIT plc Richard Moffitt	[phone]
Buchanan Helen Tarbet Simon Compton George Beale	[phone] [phone] [phone] [phone]
Singer Capital Markets - Joint Broker James Maxwell / Alaina Wong / Oliver Platts (Banking) Alan Geeves / James Waterlow / Sam Greatrex (Markets)	[phone]
Panmure Gordon (UK) Limited - Joint Broker David Watkins / Emma Earl (Investment Banking)	[phone]

LEI: 213800P6ODJW2UFNDC37

About Urban Logistics REIT plc

Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property investment company. The Company is the only London-listed REIT to focus on specialist last mile / last touch logistics assets, with a tenant base which delivers essential goods within the UK. The Company's strategy is to invest in mid-sized logistics properties with the objective of generating attractive dividends and capital returns through active asset management.

Urban Logistics' investment management team, led by Richard Moffitt and Christopher Turner, has over 50 years' experience in investing in the logistics market within the broader real estate market. The team's ability to source vital and strategically located mid-sized single let properties, with high-quality tenants, off-market at favourable terms, creates considerable value for shareholders. Tenants include Amazon, XPO, DHL, Hermes, DPD, Boots, Unipart (for NHS), Royal Mail and J Sainsbury Plc.

Buying well and pursuing additional value enhancing asset management initiatives has driven the Company's growth, enabling Urban Logistics to grow from a £10m market cap company at IPO on the AIM in April 2016 to a FTSE 250 constituent.

 

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