Result of General Meeting

RNS Number : 0581S

Warehouse REIT PLC

11 July 2022

 

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 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

11 July 2022

Warehouse REIT plc

(the 'Company' or 'Warehouse REIT')

Result of General Meeting and Intention to Proceed with Migration to Premium Segment 

Warehouse REIT plc (the "Company" or "Warehouse REIT") announces that at the Company's general meeting (the "General Meeting") held today, all resolutions were passed on a poll and the results of the poll, including the proxy votes received, are set out below.

	Resolution	Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Vote Withheld **
1	To authorize the Company to allot Ordinary Shares for the purposes of the Placing Programme	232,954,152	99.04%	2,250,026	0.96%	235,204,178	55.36%	63,976
2	To authorise the disapplication of statutory pre-emption rights in relation to the ordinary shares authorised in resolution 1	225,071,134	94.66%	12,698,205	5.34%	237,769,339	55.96%	63,976
3	To approve proposed changes to the Company's investment policy	237,151,161	99.74%	614,486	0.26%	237,765,647	55.96%	67,668
4	To cancel the amount standing to the credit of the share premium account	237,630,857	99.94%	135,453	0.06%	237,766,310	55.96%	67,005

As announced on 23 June, the Company confirms that: (i) the existing Ordinary Shares will be admitted to the Official List and to trading on the premium segment of the Main Market at  8.00 a.m.  on  12 July 2022 ; and (ii) the Ordinary Shares will be cancelled from trading on AIM at  8.00 a.m.  on  12 July 2022 . The last day of trading of the Ordinary Shares on AIM is therefore 11 July 2022 .

A further announcement will be made in due course once Admission is effective. Shareholders do not need to take any action with respect to their Ordinary Shares (whether held in certificated or uncertificated form) in connection with Admission. The Company's ISIN and LEI will remain the same.

For the purposes of this announcement, unless otherwise defined, capitalised words and phrases shall have the meaning given to them in the circular published by the Company on 23 June 2022.

A copy of the results will be submitted to the National Storage Mechanism and will be available for inspection at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Enquiries: Warehouse REIT plc	via FTI Consulting
Tilstone Partners Limited Andrew Bird, Paul Makin, Peter Greenslade	[phone]
FTI Consulting Dido Laurimore, Richard Gotla, Ellie Perham-Marchant	[phone]
G10 Capital Limited (part of the IQEQ Group), AIFM Maria Glew	[phone]
Peel Hunt   Capel Irwin, Carl Gough, Henry Nicholls	[phone]
Jefferies International Limited Tom Yeadon, Gaudi Le Roux, Harry Randall	[phone]

Further information on Warehouse REIT is available on its website:

http://www.warehousereit.co.uk

Notes to editors: 

Warehouse REIT is an AIM listed UK Real Estate Investment Trust that invests in logistics, e-commerce, industrial and last-mile warehouse assets in strategic locations in the UK.

Occupier demand for urban warehouse space is increasing as the structural growth in e-commerce has driven the rise in internet shopping and consequently investment by retailers in the last mile delivery sector, yet supply remains constrained giving rise to rental growth.

The Company is an alternative investment fund ("AIF") for the purposes of the AIFM Directive and as such is required to have an investment manager who is duly authorised to undertake the role of an alternative investment fund manager. The Investment Manager is currently G10 Capital Limited and Tilstone Partners Limited are the Investment Adviser.

The Company's purpose is to own and manage warehouses in economically vibrant urban areas across the UK, providing the space its occupiers need for their businesses to thrive.

 As the Company grows, its vision is to become the UK's warehouse provider of choice.

 The Company's shares were admitted to trading on AIM in 2017.

Important Notice :

This announcement does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, shares in the Company in any jurisdiction. The distribution of this announcement outside the United Kingdom may be restricted by law. No action has been taken by the Company that would permit possession of this announcement in any jurisdiction outside the UK where action for that purpose is required. Persons outside the United Kingdom who come into possession of this announcement should inform themselves about the distribution of this Announcement in their particular jurisdiction. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

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 the securities laws of any state or other jurisdiction of the United States. The Ordinary Shares may not be offered, sold, resold, transferred or delivered, directly or indirectly, within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction in the United States.

Each of Jefferies International Limited ("Jefferies") and Peel Hunt LLP ("Peel Hunt"), which are authorised and regulated in the United Kingdom by the UK Financial Conduct Authority, are acting exclusively as joint sponsors for the Company and no one else in connection with Admission. Neither Jefferies nor Peel Hunt will regard any other person as their respective clients in relation to the subject matter of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to Admission, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

This announcement is the sole responsibility of the Company. None of Jefferies, Peel Hunt or any of their respective operating partners, co-investors and joint venture partners, or any of their respective parent or subsidiary undertakings, or the subsidiary undertakings of any such parent undertakings, or any of such person's respective directors, officers, employees, agents, affiliates or advisers or any other person ("their respective affiliates") accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from this announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Jefferies, Peel Hunt and their respective affiliates accordingly disclaim all and any liability whatsoever whether arising in tort, contract or otherwise which they might otherwise have in respect of this announcement or its contents or otherwise arising in connection therewith. No representation or warranty, express or implied, is made by Jefferies, Peel Hunt or any of their respective affiliates as to the accuracy, fairness, completeness or sufficiency of the information contained in this announcement.

This announcement may include statements that are, or may be deemed to be, "forward-looking statements" (including words such as "believe", "expect", "estimate", "intend", "anticipate" and words of similar meaning). By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances, and actual results may, and often do, differ materially from any forward-looking statements. Any forward-looking statements in this announcement reflect the Company's view with respect to future events as at the date of this announcement. Save as required by applicable law, the Company undertakes no obligation to publicly revise any forward-looking statements in this announcement, whether following any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

END

 

 

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