Warrants

RNS Number : 5207S

Urban Logistics REIT PLC

12 March 2019

 

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Warrants

At the time of its IPO, the Company issued warrants to shareholders to subscribe for 3,027,000 ordinary shares in the Company pursuant to the terms of a warrant instrument dated 22 March 2016 (the "Warrant Instrument").

It was the intention at the time of the IPO that warrant holders would be able to subscribe for ordinary shares until the third anniversary of the Company's IPO (being 13 April 2019). However, pursuant to the terms of the Warrant Instrument, the warrants were originally due to expire on 12 March 2019.

Accordingly, the Warrant Instrument has been amended so that the subscription period now ends on 13 April 2019. The remaining terms and conditions of the Warrant Instrument remain unchanged.

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For further information contact:

Urban Logistics REIT plc Richard Moffitt	[phone]
Montfort - Financial PR and IR adviser Olly Scott	[phone]
N+1 Singer - Nominated Adviser and Broker James Maxwell / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)	[phone]
Radnor Capital Partners Joshua Cryer Iain Daly	[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 industrial and 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 industrial and logistics 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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