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Urban Logistics REIT (SHED)

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Friday 23 November, 2018

Urban Logistics REIT

PDMR Shareholding, Issue of Equity and TVR

RNS Number : 3623I
Urban Logistics REIT PLC
23 November 2018
 

 

Urban Logistics REIT plc

 

("Urban Logistics" or the "Company")

 

 

PDMR Shareholding and Issue of Equity

 

The Company announces the issue of 20,000 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of 20,000 warrants by Jonathan Gray, Non-Executive Director. Application has been made for 20,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 28 November 2018.

 

Following this transaction, Jonathan Gray 's total interest in the Company is 60,000 Ordinary Shares representing 0.07 per cent. of the total voting rights of the Company.

 

Following Admission, the total number of voting rights in the Company will be 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.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Jonathan Gray

 

2

Reason for the notification

 

a)

Position/status

Non-Executive Director, PDMR

 

b)

Initial notification /Amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Urban Logistics REIT Plc

 

b)

LEI

213800P6ODJW2UFNDC37

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 1 pence each
 

ISIN: GB00BYV8MN78

 

b)

Nature of the transaction

Exercise of warrants

 

c)

Prices and volumes

Exercise Price(s)

Volume(s)

97p

20,000

 

 

d)

Aggregated information
- Aggregated volume
- Price

n/a

 

e)

Date of the transaction

22 November 2018

 

f)

Place of the transaction

London Stock Exchange

       

 

For further information contact:

 

Urban Logistics REIT plc

Richard Moffitt

 

+44 (0)20 7591 1600

Montfort - Financial PR and IR adviser

Olly Scott

Honoria Simpson

 

 

+44 (0)78 1234 5205

+44 (0)20 3965 6960

N+1 Singer - Nominated Adviser and Broker

James Maxwell / James Moat (Corporate Finance)

Alan Geeves / James Waterlow / Sam Greatrex (Sales)

 

+44 (0)20 7496 3000

 

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 smaller sized lettable space in industrial and logistics real estate across the UK.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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