TIDMSHED

RNS Number : 7022S

Urban Logistics REIT PLC

10 July 2020

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Result of Annual General Meeting

The board of directors of Urban Logistics (AIM: SHED), the specialist UK logistics REIT, is pleased to announce that at the annual general meeting of the Company held earlier today all resolutions were duly passed.

The results of the poll, including the proxy voting, are as follows:

 
 Resolution                     For        %      Against       %    Votes Cast        % of   Withheld(2) 
                                                                                     Shares 
                                                                                   voted(1) 
      Annual Report 
 1     and Accounts     113,789,081   100.00            0       0   113,789,081       60.33        17,675 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Re-Election 
       of Nigel 
 2     Rich             113,786,339    99.98       20,417    0.02   113,806,756       60.33             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Re-Election 
       of Jonathan 
 3     Gray             113,786,039    99.98       20,717    0.02   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Re-Election 
       of Bruce 
 4     Anderson         113,786,339    99.98       20,417    0.02   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Re-Election 
       of Richard 
 5     Moffitt          112,525,087   100.00            0       0   112,525,087       59.66     1,281,669 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Re-Election 
       of Mark 
 6     Johnson          113,786,039    99.98       20,717    0.02   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Election 
       of Heather 
 7     Hancock          113,806,756   100.00            0       0   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Re-appointment 
       of Nexia 
       Smith & 
       Williamson 
 8     as Auditors      113,806,756   100.00            0       0   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Auditor's 
 9     Remuneration     113,786,039    99.98       20,717    0.02   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Authority 
       to Allot 
 10    shares           113,806,756   100.00            0       0   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Disapplication 
       of pre-emption 
 11    rights(3)        101,207,710    88.93   12,599,046   11.07   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Authority 
       to purchase 
 12    own shares(3)    113,782,839   100.00        3,500       0   113,782,839       60.33       20, 417 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------ 
      Cancellation 
       of the Share 
       Premium 
 13    Account(3)       113,806,756   100.00            0       0   113,806,756       60.34             0 
     ----------------  ------------  -------  -----------  ------  ------------  ----------  ------------

(1) The number of ordinary shares in issue is 188,616,023 with each share carrying the right to one vote

(2) A vote withheld is not a vote in law and is not counted in the calculation of the percentage of votes for or against a resolution

(3) Spe cial resolution requiring a 75% majority

- Ends -

For further information contact:

 
 Urban Logistics REIT plc 
  Richard Moffitt                                +44 (0)20 7591 1600 
 Montfort Communications 
  Olly Scott                                       +44 (0)78 1234 5205 
 N+1 Singer - Nominated Adviser and Broker 
  Sandy Fraser / 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.

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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July 10, 2020 07:30 ET (11:30 GMT)

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