Urban Logistics REIT PLC Appointment of Non-Executive Director (0960T)
16 March 2023 - 12:02AM
UK Regulatory
TIDMSHED
RNS Number : 0960T
Urban Logistics REIT PLC
15 March 2023
15(th) March 2023
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Appointment of Non-Executive Director
The Board of Urban Logistics (LON: SHED), the last mile
logistics focused REIT, is pleased to announce the appointment of
Ms Lynda Heywood as an Independent Non-Executive Director of the
Company, and a member of the Audit Committee, Management Engagement
Committee and Nomination Committee with effect from 1 May 2023.
Lynda Heywood is a finance leader and treasurer who brings a
wealth of experience in guiding FTSE 100 companies from her 20-year
tenure at Kingfisher, and six years at Tesco, holding group
treasurer roles at both organisations.
In her role in the finance leadership team at Tesco, she is
responsible for capital structure, liquidity and financial risk
management, and has been instrumental in delivering the group's
property JV acquisitions. Lynda also sits on the Investment and
Risk Committee of the Tesco Pension Scheme, which holds a
significant real estate portfolio.
Outside of her role at Tesco Lynda is also a member of the Money
Markets Committee of the Bank of England. She qualified as a
chartered accountant with BDO Stoy Hayward, is a fellow of the
Association of Corporate Treasurers and holds a BA in accountancy
from the London Metropolitan University.
Nigel Rich, Chairman of Urban Logistics commented:
"On behalf of the board I am delighted to welcome Lynda as a new
independent director of Urban Logistics. We believe her experience
in leading finance functions in FTSE 100 companies will be
invaluable as we continue to execute against our strategy."
"We are lucky to find a candidate for this role with Lynda's
depth and breadth of experience, covering finance, listed
businesses and real estate, and we look forward to working closely
with her in years to come."
The following information is disclosed in accordance with Rule
9.6.13 of the Financial Conduct Authority's Listing Rules.
Lynda, in her role as Corporate Treasurer, is currently the
Director of the following companies that are currently in voluntary
liquidation:
Company Duration of Directorship Date placed into
voluntary liquidation
Buttoncable Limited 11/08/2016 - 24/01/2022 09/03/2022
------------------------- -----------------------
Stewarts Supermarkets 10/01/2020 - Present 25/02/2020
Limited
------------------------- -----------------------
Tesco Aqua (3LP) Limited 11/08/2016 - 11/01/2021 29/11/2021
------------------------- -----------------------
Tesco International 10/01/2020 - Present 25/02/2020
Internet Retailing
Limited
------------------------- -----------------------
In addition, Lynda has been a Director of a number of companies
at the time in which they went into creditors' voluntary
liquidation or within 12 months:
Company Duration of Directorship Date the Date the
Company was Company was
Placed into Dissolved
Voluntary
Liquidation
Adminstore Limited 10/01/2020 - 25/01/2022 22/04/2021 25/01/2022
------------------------- ------------- -------------
Adsega Limited 12/08/2019 - 26/05/2020 09/09/2019 26/05/2020
------------------------- ------------- -------------
Tesco TLB Barnstaple 22/11/2019 - 11/06/2020 14/03/2019 11/06/2020
Limited
------------------------- ------------- -------------
Tesco TLB Nottingham 22/11/2019 - 11/06/2020 14/03/2019 11/06/2020
Limited
------------------------- ------------- -------------
Tesco TLB Pontypridd 22/11/2019 - 11/06/2020 14/03/2019 11/06/2020
Limited
------------------------- ------------- -------------
Cheshunt Finance Unlimited 11/08/2016 - 11/02/2019 14/03/2019 21/03/2021
------------------------- ------------- -------------
Comar Limited 11/08/2016 - 05/01/2022 09/03/2022 09/03/2023
------------------------- ------------- -------------
Country Market Limited 11/08/2016 - 20/02/2017 21/03/2017 09/06/2018
------------------------- ------------- -------------
Crazy Prices 11/08/2016 - 20/02/2017 11/04/2017 17/04/2019
------------------------- ------------- -------------
Cullen's Holdings Limited 11/08/2016 - 12/01/2021 09/09/2019 12/01/2021
------------------------- ------------- -------------
Daily Wrap Produce 11/08/2016 - 14/02/2017 20/04/2017 17/04/2019
limited
------------------------- ------------- -------------
Delamare One limited 11/08/2016 - 16/05/2017 24/08/2018 24/11/2018
------------------------- ------------- -------------
Europa Foods limited 11/08/2016 - 21/04/2021 09/09/2019 21/04/2021
------------------------- ------------- -------------
Faraday Properties 09/08/2019 - 15/08/2020 02/09/2019 15/08/2020
Limited
------------------------- ------------- -------------
Halesworth SPV Limited 11/08/2016 - 17/01/2019 09/04/2020 09/07/2020
------------------------- ------------- -------------
Laws Stores Limited 11/08/2016 - 02/02/2017 10/07/2017 04/04/2018
------------------------- ------------- -------------
Motorcause Limited 02/02/2021 - 25/01/2022 19/03/2021 25/01/2022
------------------------- ------------- -------------
NutriCentre Limited 13/08/2019 - 12/01/2021 09/09/2019 12/01/2021
------------------------- ------------- -------------
Tesco Aqua (FinCo1) 10/01/2020 - 22/09/2021 25/02/2020 22/09/2021
Limited
------------------------- ------------- -------------
Tesco Blue (FinCo2) 29/01/2021 - 25/01/2022 19/03/2021 25/01/2022
Limited
------------------------- ------------- -------------
Tesco Overseas ULC 11/08/2016 - 17/05/2022 19/05/2021 17/05/2022
------------------------- ------------- -------------
Tesco Treasury Services 11/08/2016 - 12/01/2021 12/09/2019 12/01/2021
limited
------------------------- ------------- -------------
Wm. Low Supermarkets 09/08/2019 - 15/08/2020 02/09/2019 15/08/2020
limited
------------------------- ------------- -------------
There are no other details that are required to be disclosed in
respect of Rule 9.6.13 of the Financial Conduct Authority's Listing
Rules.
For further information contact:
Urban Logistics REIT plc +44 (0)20 7591
Richard Moffitt 1600
+44 (0)20 7466
5000
+44 (0) 7872
604453
Buchanan +44 (0) 7979
Helen Tarbet 497324
Simon Compton +44 (0) 7450
George Beale 295099
Singer Capital Markets - Joint Broker
James Maxwell / Alaina Wong / Oliver Platts
(Banking)
Alan Geeves / James Waterlow / Sam Greatrex +44 (0)20 7496
(Markets) 3000
Panmure Gordon (UK) Limited - Joint Broker +44 (0)20 7886
David Watkins / Emma Earl (Investment Banking) 2500
LEI: 213800P6ODJW2UFNDC37
About Urban Logistics REIT plc
Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property
investment company. The Company is the only London-listed REIT to
focus on specialist last mile / last touch logistics assets, with a
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.
Urban Logistics' investment management team, led by Richard
Moffitt and Christopher Turner, has over 50 years' experience in
investing in the logistics market within the broader real estate
market. The team's ability to source vital 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 GBP10m market cap company at IPO on
the AIM in April 2016 to a FTSE 250 constituent.
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END
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