Director/PDMR Shareholding

RNS Number : 6830F

Urban Logistics REIT PLC

11 March 2020

 

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Director / PDMR Shareholdings

Urban Logistics announces that Nigel Rich, Non-Executive Chairman, and Bruce Anderson, Non-Executive Director, have purchased 110,000 and 4,446 shares in the Company respectively as part of the recent equity issuance by the Company, at a price of 137.5p, as announced on 9 March 2020.

As a result, Nigel Rich and Bruce Anderson's interest in the share capital of the Company is 335,536 and 50,000 Ordinary Shares respectively.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Rich
2	Reason for the notification
a)	Position/status	Non-Executive Chairman (PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Urban Logistics REIT plc
b)	LEI	213800P6ODJW2UFNDC37
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.01 each ISIN number GB00BYV8MN78
b)	Nature of the transaction	Purchase of Shares
c)	Price(s) and volume(s)	Price	Volume
		137.5p	110,000
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	11 March 2020
f)	Place of the transaction	London Stock Exchange - AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bruce Anderson
2	Reason for the notification
a)	Position/status	Non-Executive Director (PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Urban Logistics REIT plc
b)	LEI	213800P6ODJW2UFNDC37
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.01 each ISIN number GB00BYV8MN78
b)	Nature of the transaction	Purchase of Shares
c)	Price(s) and volume(s)	Price	Volume
		137.5p	4,446
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	11 March 2020
f)	Place of the transaction	London Stock Exchange - AIM

Enquiries

Urban Logistics REIT plc Richard Moffitt	[phone]
Montfort - Financial PR and IR adviser Olly Scott	[phone]
N+1 Singer - Nominated Adviser and Joint Bookrunner James Maxwell / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)	[phone]
Panmure Gordon (UK) Limited - Joint Bookrunner Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) David Hawkins / Tom Scrivens (Sales)	[phone]

About Urban Logistics REIT

Urban Logistics REIT plc is a property investment company, quoted on the AIM market of the London Stock Exchange, (AIM: SHED).

The Company invests in UK-based logistics properties with the objective of generating attractive dividends and capital returns for its shareholders. Its investment strategy focuses on strategically located smaller single let logistics properties servicing high-quality tenants. Investment returns will be generated by an experienced management team focusing on quality stock selection and active asset management.

 

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