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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 Shares voted1

Withheld2

1

Annual Report and Accounts

113,789,081

100.00

0

0

113,789,081

60.33

17,675

2

Re-Election of Nigel Rich

113,786,339

99.98

20,417

0.02

113,806,756

60.33

0

3

Re-Election of Jonathan Gray

113,786,039

99.98

20,717

0.02

113,806,756

60.34

0

4

Re-Election of Bruce Anderson

113,786,339

99.98

20,417

0.02

113,806,756

60.34

0

5

Re-Election of Richard Moffitt

112,525,087

100.00

0

0

112,525,087

59.66

1,281,669

6

Re-Election of Mark Johnson

113,786,039

99.98

20,717

0.02

113,806,756

60.34

0

7

Election of Heather Hancock

113,806,756

100.00

0

0

113,806,756

60.34

0

8

Re-appointment of Nexia Smith & Williamson as Auditors

113,806,756

100.00

0

0

113,806,756

60.34

0

9

Auditor's Remuneration

113,786,039

99.98

20,717

0.02

113,806,756

60.34

0

10

Authority to Allot shares

113,806,756

100.00

0

0

113,806,756

60.34

0

11

Disapplication of pre-emption rights3

101,207,710

88.93

12,599,046

11.07

113,806,756

60.34

0

12

Authority to purchase own shares3

113,782,839

100.00

3,500

0

113,782,839

60.33

20, 417

13

Cancellation of the Share Premium Account3

113,806,756

100.00

0

0

113,806,756

60.34

0

 

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

2A 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

3Special 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.


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