Result of General Meeting

RNS Number : 2802S

Urban Logistics REIT PLC

12 November 2021

 

THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR SUBSCRIPTION OR SOLICITATION TO PURCHASE SHARES IN ANY JURISDICTION. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, TRANSMISSION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

12 November 2021

Urban Logistics REIT plc

("the Company" or "Urban Logistics")

Result of General Meeting

Urban Logistics (AIM:SHED), the last mile logistics focused REIT, is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed. The poll results of each resolution are set out below:

Resolution		For	%	Against	%	Votes cast
1	conditional upon and with effect from Admission, adopt the Amended Investment Policy.	166,122,664	99.95	75,541	0.05	166,198,205
2	adopt the new articles of association.	166,098,633	99.95	75,541	0.05	166,174,174
3	conditional upon and with effect from Admission, call a general meeting of the Company (other than an annual general meeting) on not less than 14 clear days' notice.	165,004,057	99.28	1,195,675	0.72	166,199,732
4	conditional upon and with effect from Admission, authorise the allotment of up to 350 million Ordinary Shares and/or C Shares pursuant to the Placing Programme.	166,081,280	99.93	118,452	0.07	166,199,732
5	disapply statutory pre-emption rights otherwise applicable to the allotment of Ordinary Shares and/or C Shares issued pursuant to the Placing Programme.	166,050,086	99.91	148,352	0.09	166,198,438
6	renew the Company's general authorities by authorising the allotment of up to 107,222,474 Ordinary Shares.	164,438,090	98.95	1,748,561	1.05	166,186,651
7	disapply statutory pre-emption rights otherwise applicable to the allotment of up to 32,491,659 Ordinary Shares issued pursuant to the Company's general authorities with the effect that such Ordinary Shares do not first have to be offered to Shareholders in proportion to their existing shareholdings.	164,388,270	98.91	1,810,168	1.09	166,198,438
8	disapply statutory pre-emption rights otherwise applicable to the allotment of up to a further 32,491,659 Ordinary Shares issued pursuant to the Company's general authorities with the effect that such Ordinary Shares do not first have to be offered to Shareholders in proportion to their existing shareholdings.	164,388,270	98.91	1,810,168	1.09	166,198,438

At close of business on 11 November 2021, the total number of issued ordinary shares of the Company was 324,916,587 and the Company holds no ordinary shares in treasury. The total number of voting rights for the ordinary shares was therefore 324,916,587.

For further information, please contact:

Urban Logistics REIT plc Richard Moffitt	[phone]
Buchanan Helen Tarbet Henry Wilson George Beale	[phone] [phone] [phone] [phone]
Singer Capital Markets - Sponsor, Nominated Adviser, Joint Broker and Joint Bookrunner James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)	[phone]
Panmure Gordon (UK) Limited - Joint Broker and Joint Bookrunner Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) David Hawkins (Sales)	[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.

IMPORTANT NOTICE

Neither this announcement, nor any copy of it, may be taken or transmitted, published or distributed, directly or indirectly, in or into the United States or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. This Announcement is for information purposes only and does not constitute an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for any shares in the Company in the United States or any other state or jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Any failure to comply with these restrictions may constitute a violation of securities laws of such jurisdictions.

The Ordinary Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States. There be no public offering of the Ordinary Shares in the United States.

 

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