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

+44 (0) 333 300 1950

Urban Logistics REIT plc

Richard Moffitt

 

+44 (0) 20 7591 1600

Burson Buchanan

Helen Tarbet

Simon Compton

George Beale

 

 

+44 (0) 7872 604453

+44 (0) 7979 497324

+44 (0) 7450 295099

 

G10 Capital Limited (part of IQ-EQ) - AIFM


Graham Fletcher

About Urban Logistics

+44 (0) 20 397 5450

 

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.

 

 

 

 

 


 

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