Result of AGM

RNS Number : 1867T

Urban Logistics REIT PLC

20 July 2022

 

20 July 2022

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Result of Annual General Meeting

The board of directors of Urban Logistics (LON: SHED), the specialist UK logistics REIT, is pleased to announce that at the annual general meeting of the Company held earlier today all resolutions were duly passed.

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

Resolution		For	%	Against	%	Votes cast	% of shares voted1	Withheld2
1	2022 Annual Report and Accounts	295,779,926	100.00%	4,363	0.00%	295,784,289	62.67%	362,431
2	Directors' Remuneration Policy	292,878,307	98.94%	3,136,082	1.06%	296,014,389	62.72%	132,331
3	Directors' Remuneration Report	293,642,392	99.87%	376,217	0.13%	294,018,609	62.30%	2,128,111
4	Re-Election of Nigel Rich	256,087,871	86.69%	39,334,452	13.31%	295,422,323	62.59%	724,397
5	Re-Election of Jonathan Gray	293,971,919	99.29%	2,093,385	0.71%	296,065,304	62.73%	81,416
6	Re-Election of Bruce Anderson	293,559,863	99.15%	2,505,441	0.85%	296,065,304	62.73%	81,416
7	Re-Election of Richard Moffitt	292,746,448	98.88%	3,318,856	1.12%	296,065,304	62.73%	81,416
8	Re-Election of Mark Johnson	293,086,550	98.99%	2,985,773	1.01%	296,072,323	62.73%	74,397
9	Re-Election of Heather Hancock	294,336,406	99.41%	1,734,898	0.59%	296,071,304	62.73%	75,416
10	Re-appointment of Auditor	295,513,102	99.81%	549,266	0.19%	296,062,368	62.73%	84,352
11	Auditor's Remuneration	295,574,408	99.83%	498,857	0.17%	296,073,265	62.73%	73,455
12	Dividend policy	296,069,938	100.00%	2,561	0.00%	296,072,499	62.73%	74,221
13	Directors' fee cap	293,646,695	99.18%	2,428,445	0.82%	296,075,140	62.73%	71,580
14	Authority to allot shares	293,512,297	99.13%	2,562,843	0.87%	296,075,140	62.73%	71,580
15	Disapplication of pre-emption rights3	293,241,993	99.06%	2,786,440	0.94%	296,028,433	62.72%	118,287
16	Disapplication of pre-emption rights3	287,348,120	97.07%	8,680,313	2.93%	296,028,433	62.72%	118,287
17	Authority to purchase own shares3	291,955,635	98.95%	3,084,159	1.05%	295,039,794	62.51%	1,106,926
18	General meeting on short notice3	283,174,752	95.64%	12,903,571	4.36%	296,078,323	62.73%	68,397

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.

3 Special resolution requiring a 75% majority.

A copy of Resolutions 14 to 18 will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information contact: 

Link Company Matters Limited - Company Secretary	[phone]
Urban Logistics REIT plc Richard Moffitt	[phone]
Buchanan - Financial PR Helen Tarbet Simon Compton George Beale	[phone] [phone] [phone] [phone]
Singer Capital Markets - Joint Broker James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)	[phone]
Panmure Gordon (UK) Limited - Joint Broker Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance)	[phone]

About Urban Logistics

Urban Logistics REIT plc 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 many years' 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 c. £800m at present.

 

END

 

 

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