Director/PDMR Shareholding

RNS Number : 3953C

Urban Logistics REIT PLC

19 October 2020

 

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Director / PDMR Shareholdings

Urban Logistics announces that Nigel Rich, Non-Executive Chairman, and Heather Hancock, Non-Executive Director, have purchased 30,000 and 14,388 shares in the Company respectively as part of the recent equity issuance by the Company, at a price of 139p, as announced on 15 October 2020.

As a result, Nigel Rich and Heather Hancock's interest in the share capital of the Company is 365,536 and 14,388 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: GB00BYV8MN78
b)	Nature of the transaction	Acquisition of 30,000 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 139p 30,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	16 October 2020
f)	Place of the transaction	London Stock Exchange - AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Heather Hancock
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: GB00BYV8MN78
b)	Nature of the transaction	Acquisition of 14,388 Ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 139p 14,388
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	16 October 2020
f)	Place of the transaction	London Stock Exchange - AIM

Enquiries

Urban Logistics REIT plc Richard Moffitt	[phone]
Montfort Communications 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)	[phone]

About Urban Logistics REIT plc

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

The Company has been established to invest 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 properties servicing high-quality tenants. Investment returns will be generated by an experienced management team focusing on quality stock selection and active asset management.

A number of structural and commercial factors currently support the attractive opportunity in the last mile/regional industrial and logistics real estate sub-sectors targeted by the Company, including: strong occupier demand (driven by the growth of e-commerce and investment by retailers in their associated supply chain) and a decline in the supply of smaller sized lettable space in industrial and logistics real estate across the UK.

 

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