AIM Application

RNS Number : 7648I

Urban Logistics REIT PLC

28 November 2018

 

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

AIM Application

Following a review of the Company's share capital, the Company has identified that 50,000 ordinary shares in the capital of the Company ("Ordinary Shares") issued and allotted on 17 August 2017, pursuant to the exercise of warrants, were not admitted to trading on AIM at that time. Therefore, application has been made for the 50,000 Ordinary Shares to be admitted to trading on AIM, with admission expected to occur on 29 November 2018. This will not change the total number of voting rights in the Company.

For the avoidance of doubt, the total number of voting rights in the Company is 86,100,818 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.

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	[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 lettable space in industrial and logistics real estate across the UK, (being more than one third lower than the most recent peak of 2009).

 

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