Result of General Meeting & Total Voting Rights

RNS Number : 2195C

Urban Logistics REIT PLC

15 October 2020

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Result of General Meeting and Total Voting Rights

The Board of Directors of Urban Logistics, the AIM-listed REIT focused on last mile logistics, is pleased to announce that, at the General Meeting of the Company held earlier today, all resolutions were duly passed.

Accordingly, as set out in the Circular published 28 September 2020, the Company has the requisite authority to complete the Issue to raise gross proceeds of approximately £92.3 million.

It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8:00 a.m. on 19 October 2020.

As previously disclosed, the following Directors have subscribed for New Ordinary Shares pursuant to the Issue as outlined below:

	No. of Placing Shares being subscribed for	Following Admission Number of Ordinary Shares	Percentage of Enlarged Share Capital
Nigel Rich	30,000	365,536	0.14%
Heather Hancock	14,388	14,388	0.01%

Following Admission, the total number of voting rights in the Company will be 255,045,821 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Words and expressions defined in the Circular published on 28 September 2020 shall have the same meaning in this announcement.

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

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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