Result of AGM

Urban Logistics REIT PLC

18 July 2023

 

18 July 2023

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Result of Annual General Meeting

The board of directors of Urban Logistics (LON: SHED), the specialist UK logistics REIT, is pleased to announce that at the annual general meeting of the Company held earlier today all resolutions were duly passed.

The results of the poll, including the proxy voting, are as follows:

Resolution		For	%	Against	%	Votes cast	% of shares voted1	Withheld2
1	2023 Annual Report and Accounts	303,229,868	99.92%	254,821	0.08%	303,484,689	64.30%	279,282
2	Directors' Remuneration Report	300,435,015	98.92%	3,268,168	1.08%	303,703,183	64.35%	60,788
3	Re-Election of Nigel Rich	272,054,254	89.57%	31,685,944	10.43%	303,740,198	64.36%	23,773
4	Re-Election of Bruce Anderson	300,378,264	98.89%	3,361,934	1.11%	303,740,198	64.36%	23,773
5	Re-Election of Richard Moffitt	302,150,479	99.48%	1,589,719	0.52%	303,740,198	64.36%	23,773
6	Re-Election of Heather Hancock	300,369,811	98.89%	3,363,641	1.11%	303,733,452	64.35%	30,519
7	Election of Lynda Heywood	303,717,246	99.99%	16,206	0.01%	303,733,452	64.35%	30,519
8	Re-appointment of Auditor	303,722,962	99.99%	17,509	0.01%	303,740,471	64.36%	23,500
9	Auditor's Remuneration	303,723,758	99.99%	16,713	0.01%	303,740,471	64.36%	23,500
10	Dividend policy	303,750,807	100.00%	13,164	0.00%	303,763,971	64.36%	0
11	Authority to allot shares	301,514,765	99.27%	2,225,169	0.73%	303,739,934	64.36%	21,670
12	Disapplication of pre-emption rights3	300,194,890	98.83%	3,545,214	1.17%	303,740,104	64.36%	21,500
13	Disapplication of pre-emption rights3	296,030,672	97.46%	7,709,432	2.54%	303,740,104	64.36%	21,500
14	Authority to purchase own shares3	293,279,179	96.71%	9,987,933	3.29%	303,267,112	64.25%	494,492
15	General meeting on short notice3	294,457,092	96.94%	9,281,012	3.06%	303,738,104	64.35%	23,500

1 The number of ordinary shares in issue is 471,975,411 with each share carrying the right to one vote.

2 A vote withheld is not a vote in law and is not counted in the calculation of the percentage of votes for or against a resolution.

3 Special resolution requiring a 75% majority.

A copy of Resolutions 12 to 15 will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information contact: 

Link Company Matters Limited - Company Secretary	[phone]
Urban Logistics REIT plc Richard Moffitt Justin Upton	[phone]
Buchanan Helen Tarbet Simon Compton George Beale	[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 (Corporate Broking) Emma Earl (Corporate Finance)	[phone]
G10 Capital Limited (part of IQ-EQ) - AIFM Paul Cowland	[phone]

About Urban Logistics

Urban Logistics REIT plc 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 adviser team, led by Richard Moffitt, has many 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 in April 2016 to c. £800m at present.

 

END