Urban Logistics REIT PLC Warrants (5207S)
March 12 2019 - 2:01AM
UK Regulatory
TIDMSHED
RNS Number : 5207S
Urban Logistics REIT PLC
12 March 2019
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Warrants
At the time of its IPO, the Company issued warrants to
shareholders to subscribe for 3,027,000 ordinary shares in the
Company pursuant to the terms of a warrant instrument dated 22
March 2016 (the "Warrant Instrument").
It was the intention at the time of the IPO that warrant holders
would be able to subscribe for ordinary shares until the third
anniversary of the Company's IPO (being 13 April 2019). However,
pursuant to the terms of the Warrant Instrument, the warrants were
originally due to expire on 12 March 2019.
Accordingly, the Warrant Instrument has been amended so that the
subscription period now ends on 13 April 2019. The remaining terms
and conditions of the Warrant Instrument remain unchanged.
- Ends -
For further information contact:
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 Broker
James Maxwell / James Moat (Corporate
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales) +44 (0)20 7496 3000
Radnor Capital Partners
Joshua Cryer
Iain Daly +44 (0)20 3897 1830
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 rns@lseg.com or visit www.rns.com.
END
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