Urban Logistics REIT PLC Issue of Equity (9381X)
May 02 2019 - 9:45AM
UK Regulatory
TIDMSHED
RNS Number : 9381X
Urban Logistics REIT PLC
02 May 2019
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Issue of Equity
The Company announces the issue of 61,000 new ordinary shares of
1 pence each in the capital of the Company ("Ordinary Shares")
pursuant to the exercise of 61,000 warrants to subscribe for
Ordinary Shares at a price of 97 pence per share. Application has
been made for 61,000 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 on 9 May
2019.
Following Admission, the total number of voting rights in the
Company will be 87,751,604 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.
- 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
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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