Urban Logistics REIT PLC Change of Auditor (0126P)
15 February 2021 - 6:00PM
UK Regulatory
TIDMSHED
RNS Number : 0126P
Urban Logistics REIT PLC
15 February 2021
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Change of Auditor
Urban Logistics, (AIM: SHED) the specialist UK logistics REIT,
has appointed RSM UK Audit LLP as Auditor of the Company with
immediate effect. This appointment follows a formal and competitive
tender process.
As a result of the recent increase in the Company's market
capitalisation, the Company qualifies as an other entity of public
interest (OEPI) for audit regulatory purposes. Accordingly, Nexia
Smith & Williamson has resigned as auditor as the firm does not
audit listed OEPIs. Nexia Smith & Williamson has confirmed that
there are no matters that it wishes to bring to the attention of
the Board of Directors or the Shareholders of the Company.
The Board would like to thank Guy Swarbreck and Nexia Smith
& Williamson for their support and advice which has enabled the
Company to grow so successfully over the last 5 years since
IPO.
Shareholder approval to appoint RSM UK Audit LLP as the
Company's auditor will be sought at the Company's next Annual
General Meeting to be held in the summer.
- Ends -
For further information contact:
Urban Logistics REIT plc
Richard Moffitt +44 (0)20 7591 1600
Buchanan - Financial PR
Helen Tarbet +44 (0)7872 604453
Henry Wilson +44 (0)7788 528143
George Beale +44 (0)7450 295099
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
Panmure Gordon (UK) Limited - Joint Broker
Chloe Ponsonby (Corporate Broking)
Emma Earl (Corporate Finance) +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 has been established to invest 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 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.
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END
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