Result of General Meeting

Urban Logistics REIT PLC

11 May 2023

 

11 May 2023

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Result of General Meeting

The board of Directors of Urban Logistics (LON: SHED), the specialist UK logistics REIT, is pleased to announce that at the General Meeting of the Company held earlier today the resolution was duly passed.

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

Resolution		For	%	Against	%	Votes cast	% of shares voted1	Withheld2
1	Appointment of Investment Adviser	268,514,915	89.16	32,647,610	10.84	301,162,525	63.81	19,174

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.

- Ends -

Urban Logistics REIT plc Nigel Rich	[phone]
Buchanan Helen Tarbet Simon Compton George Beale	[phone] [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]

About Urban Logistics REIT

Urban Logistics REIT plc (LON: SHED) 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 management team, led by Richard Moffitt, has significant 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 a FTSE 250 constituent.

 

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