Result of AGM

Urban Logistics REIT PLC

24 July 2024

 

24 July 2024

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	2024 Annual Report and Accounts	310,163,348	99.95%	168,689	0.05%	310,332,037	65.75%	309,904
2	Directors' Remuneration Report	310,430,973	99.96%	127,217	0.04%	310,558,190	65.80%	83,751
3	Re-Election of Nigel Rich	284,408,836	92.67%	22,484,038	7.33%	306,892,874	65.02%	3,749,067
4	Re-Election of Bruce Anderson	305,657,410	98.40%	4,969,394	1.60%	310,626,804	65.81%	15,137
5	Re-Election of Richard Moffitt	298,879,433	96.74%	10,082,224	3.26%	308,961,657	65.46%	1,680,284
6	Re-Election of Heather Hancock	305,638,699	98.39%	4,988,105	1.61%	310,626,804	65.81%	15,137
7	Re-Election of Lynda Heywood	305,612,837	98.39%	5,013,967	1.61%	310,626,804	65.81%	15,137
8	Election of Cherine Aboulzelof	308,482,567	99.31%	2,145,764	0.69%	310,628,331	65.81%	13,610
9	Re-appointment of Auditor	310,618,517	100.00%	9,814	0.00%	310,628,331	65.81%	13,610
10	Auditor's Remuneration	310,594,847	99.99%	33,484	0.01%	310,628,331	65.81%	13,610
11	Dividend policy	310,626,517	100.00%	1,814	0.00%	310,628,331	65.81%	13,610
12	Authority to allot shares	307,113,614	98.87%	3,508,217	1.13%	310,621,831	65.81%	20,110
13	Disapplication of pre-emption rights3	303,627,352	97.75%	7,001,452	2.25%	310,628,804	65.81%	13,137
14	Disapplication of pre-emption rights3	300,609,365	96.77%	10,019,439	3.23%	310,628,804	65.81%	13,137
15	Authority to purchase own shares3	303,997,904	98.03%	6,101,816	1.97%	310,099,720	65.70%	542,221
16	General meeting on short notice3	302,670,667	97.44%	7,967,774	2.56%	310,638,441	65.82%	3,500

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 12 to 16 will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

LEI: 213800P6ODJW2UFNDC37

For further information contact:
Company Matters - Company Secretary	[phone]
Urban Logistics REIT plc Richard Moffitt	[phone]
Burson Buchanan Helen Tarbet Simon Compton George Beale	[phone] [phone] [phone]
G10 Capital Limited (part of IQ-EQ) - AIFM
Graham Fletcher About Urban Logistics	[phone]

Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property investment company. The Company is the only London listed REIT offering exposure to the specialist last mile / last touch logistics sector, with a single-let 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 and asset recycling to generate significant valuation uplift.

Urban Logistics' investment adviser team has significant experience in investing in the fast-growing logistics sub-sector within the broader real estate market. The team's ability to source important 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 with a portfolio valued at circa £1bn.

 

END