Urban Logistics Share News (SHED)

(Sharecast News) - Specialist logistics property investor Urban Logistics confirmed on Tuesday that its entire issued share capital was being admitted to listing on the premium segment of the Official List, and to trading on the premium segment of London's Main Market.
The firm said admission to the premium segment of the Main Market followed its recent issue of shares to raise £250m.

Trading in its existing ordinary shares on AIM was being cancelled at the same time, and the company's ticker, ISIN, SEDOL and LEI remained unchanged.

Urban Logistics said its issued share capital consisted of 471,975,411 shares with voting rights, adding that it did not hold any ordinary shares in treasury.

"We are delighted to be joining the premium segment of the Main Market, an ambition of the company since floating on AIM in 2016," said independent non-executive chairman Nigel Rich.

"As the only London-listed REIT with a pure focus on last mile [and] last touch logistics properties, we have a strong platform and ambitious strategy for further growth and we see today's achievement as the next exciting chapter in the company's development."

At 0940 GMT, shares in Urban Logistics REIT were up 0.57% at 176p.