Urban Logistics REIT PLC Result of General Meeting and Total Voting Rights (4365F)
09 March 2020 - 10:01PM
UK Regulatory
TIDMSHED
RNS Number : 4365F
Urban Logistics REIT PLC
09 March 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF
IRELAND, THE REPUBLIC FO SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Result of General Meeting and Total Voting Rights
The board of directors of Urban Logistics, the AIM-listed REIT
focused on last mile logistics, is pleased to announce that at a
general meeting of the Company held earlier today all resolutions
were duly passed.
Accordingly, as set out in the Circular published 18 February
2020, the Company has the requisite authority to complete the Issue
to raise gross proceeds of approximately GBP136.2 million. In
addition, the Company has renewed the authorities given to the
Directors to allot Ordinary Shares on a non-pre-emptive basis at
the Annual General Meeting held on 12 July 2019. These authorities
will expire at the earlier of the conclusion of the Annual General
Meeting of the Company in 2020 or 30 September 2020.
Following receipt of valid applications for a further 75,000
Offer for Subscription Shares, application has been made for a
revised total of 100,864,419 New Ordinary Shares (including the
LTIP Shares) to be admitted to trading on AIM. It is expected that
Admission will become effective and that dealings in the New
Ordinary Shares will commence at 8 a.m. on 11 March 2020.
As previously disclosed, the following Directors have subscribed
for New Ordinary Shares pursuant to the Issue as outlined
below:
Following Admission
No. of Placing Number of Ordinary Percentage of
Shares being subscribed Shares Enlarged Share
for Capital
---------------- -------------------------- -------------------- -----------------
Nigel Rich 110,000 335,536 0.18%
Bruce Anderson 4,446 50,000 0.03%
In addition, following Admission Pacific Industrial LLP will be
interested in a further 1,809,607 New Ordinary Shares following the
issue of the LTIP Shares and Richard Moffitt, Pacific Investments
Management Limited, Mark Johnson and Christopher Turner are members
of Pacific Industrial LLP and therefore have an interest in such
shares.
Following Admission, the total number of voting rights in the
Company will be 188,616,023 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.
Words and expressions defined in the Circular published on 18
February 2020 shall have the same meaning in this announcement.
Enquiries
Urban Logistics REIT plc
Richard Moffitt +44 (0)20 7591 1600
Montfort - Financial PR and IR adviser
Olly Scott +44 (0)78 1234 5205
N+1 Singer - Nominated Adviser and Joint
Bookrunner
James Maxwell / James Moat (Corporate
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales) +44 (0)20 7496 3000
Panmure Gordon (UK) Limited - Joint Bookrunner
Chloe Ponsonby (Corporate Broking)
Emma Earl (Corporate Finance)
David Hawkins / Tom Scrivens (Sales) +44 (0)20 7886 2500
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 invests in UK-based 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 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.
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 rns@lseg.com or visit www.rns.com.
END
ROMEAEDNESPEEFA
(END) Dow Jones Newswires
March 09, 2020 07:01 ET (11:01 GMT)
Urban Logistics Reit (LSE:SHED)
Historical Stock Chart
From Apr 2024 to May 2024
Urban Logistics Reit (LSE:SHED)
Historical Stock Chart
From May 2023 to May 2024