Director/PDMR Shareholding

RNS Number : 8332F

Urban Logistics REIT PLC

20 July 2021

 

URBAN LOGISTICS REIT PLC

("Urban Logistics" or the "Company")

Director / PDMR Shareholdings

Urban Logistics (AIM: SHED), the specialist UK logistics REIT, announces that 2,123,351 ordinary shares of the Company ("Ordinary Shares ") were distributed by Pacific Industrial LLP, an affiliate of the Company's investment manager PCP2 Limited (the "Investment Manager"), to certain of its members, including Richard Moffitt, Christopher Turner, Stuart Roberts and Mark Johnson, who are each persons discharging managerial responsibility in respect of the Company ("PDMRs"), and Pacific Investments Management Limited, an affiliate of the Investment Manager. 

After the distribution of these Ordinary Shares, the PDMRs and Pacific Investments Management Limited hold the following interests in Ordinary Shares:

	No. of Ordinary Shares being distributed	Total no. of Ordinary Shares following distribution	Ordinary Shares as a percentage of issued share capital
Richard Moffitt*	621,141	1,019,503	0.31%
Christopher Turner*	310,572	639,369	0.20%
Mark Johnson*	116,508	309,986	0.10%
Stuart Roberts*	21,125	64,603	0.02%
Pacific Investments Management Limited*, **	1,054,005	5,359,005	1.65%

* Messrs Moffitt, Turner, Johnson and Roberts and Pacific Investments Management Limited continue to be members of Pacific Industrial LLP which holds 206,813 Ordinary Shares following the above distribution.
** Pacific Investments Management Limited is wholly owned by Pacific Investments Limited which, in turn is owned by Sir John Beckwith and certain Beckwith family trusts where Sir John Beckwith is the settlor and the beneficiaries are members of Sir John Beckwith's family. Sir John Beckwith is interested in a further 2,894,812 Ordinary Shares via the same Beckwith family trusts.

The notification set out in the Annex below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details of such purchase.

ANNEX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Moffitt
2	Reason for the notification
a)	Position / status	Director
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; (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument	Ordinary Shares of £0.01 each
	Identification Code	GB00BYV8MN78
b)	Nature of the transaction	Distribution of Ordinary Shares from Pacific Industrial LLP
c)	Price(s) and volume(s)	Volume: 621,141 Ordinary Shares Price: N/A
d)	Aggregated information -  Aggregated volume -  Price	N/A - single transaction
e)	Date of the transaction	19 July 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Turner
2	Reason for the notification
a)	Position / status	Property Director, PCP2 Limited (Investment Manager to the Company)
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; (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument	Ordinary Shares of £0.01 each
	Identification Code	GB00BYV8MN78
b)	Nature of the transaction	Distribution of Ordinary Shares from Pacific Industrial LLP
c)	Price(s) and volume(s)	Volume: 310,572 Ordinary Shares Price: N/A
d)	Aggregated information -  Aggregated volume -  Price	N/A - single transaction
e)	Date of the transaction	19 July 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Johnson
2	Reason for the notification
a)	Position / status	Director
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; (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument	Ordinary Shares of £0.01 each
	Identification Code	GB00BYV8MN78
b)	Nature of the transaction	Distribution of Ordinary Shares from Pacific Industrial LLP
c)	Price(s) and volume(s)	Volume: 116,508 Ordinary Shares Price: N/A
d)	Aggregated information -  Aggregated volume -  Price	N/A - single transaction
e)	Date of the transaction	19 July 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Roberts
2	Reason for the notification
a)	Position / status	Finance Director, PCP2 Limited (Investment Manager to the Company)
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; (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument	Ordinary Shares of £0.01 each
	Identification Code	GB00BYV8MN78
b)	Nature of the transaction	Distribution of Ordinary Shares from Pacific Industrial LLP
c)	Price(s) and volume(s)	Volume: 21,125 Ordinary Shares Price: N/A
d)	Aggregated information -  Aggregated volume -  Price	N/A - single transaction
e)	Date of the transaction	19 July 2021
f)	Place of the transaction	Outside a trading venue

Enquiries:

Link Company Matters Limited - Company Secretary	[phone]
Singer Capital Markets (formerly N+1 Singer) - Nominated Adviser and Joint Broker James Maxwell / Alaina Wong (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)	[phone]
Panmure Gordon (UK) Limited - Joint Broker Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) David Hawkins / Tom Scrivens (Sales)	[phone]

 

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