Result of Annual General Meeting

RNS Number : 7022S

Urban Logistics REIT PLC

10 July 2020

 

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Result of Annual General Meeting

The board of directors of Urban Logistics (AIM: 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	Annual Report and Accounts	113,789,081	100.00	0	0	113,789,081	60.33	17,675
2	Re-Election of Nigel Rich	113,786,339	99.98	20,417	0.02	113,806,756	60.33	0
3	Re-Election of Jonathan Gray	113,786,039	99.98	20,717	0.02	113,806,756	60.34	0
4	Re-Election of Bruce Anderson	113,786,339	99.98	20,417	0.02	113,806,756	60.34	0
5	Re-Election of Richard Moffitt	112,525,087	100.00	0	0	112,525,087	59.66	1,281,669
6	Re-Election of Mark Johnson	113,786,039	99.98	20,717	0.02	113,806,756	60.34	0
7	Election of Heather Hancock	113,806,756	100.00	0	0	113,806,756	60.34	0
8	Re-appointment of Nexia Smith & Williamson as Auditors	113,806,756	100.00	0	0	113,806,756	60.34	0
9	Auditor's Remuneration	113,786,039	99.98	20,717	0.02	113,806,756	60.34	0
10	Authority to Allot shares	113,806,756	100.00	0	0	113,806,756	60.34	0
11	Disapplication of pre-emption rights3	101,207,710	88.93	12,599,046	11.07	113,806,756	60.34	0
12	Authority to purchase own shares3	113,782,839	100.00	3,500	0	113,782,839	60.33	20, 417
13	Cancellation of the Share Premium Account3	113,806,756	100.00	0	0	113,806,756	60.34	0

¹ The number of ordinary shares in issue is 188,616,023 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 Spe cial resolution requiring a 75% majority

- Ends -

For further information contact:

Urban Logistics REIT plc Richard Moffitt	[phone]
Montfort Communications Olly Scott	[phone]
N+1 Singer - Nominated Adviser and Broker Sandy Fraser / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)	[phone]
Panmure Gordon (UK) Limited - Joint Broker Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance)	[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 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.

 

END

 

 

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