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7 Dec 2021 07:00
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7 December 2021
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Admission to the premium segment of the Official List and Cancellation of Admission to Trading on AIM
Urban Logistics, (LON: SHED) the specialist UK logistics REIT, is pleased to confirm that its entire issued share capital will be admitted today to listing on the premium segment of the Official List maintained by the FCA and to trading on the premium segment of the London Stock Exchange's Main Market (together, "Admission"). Admission to the premium segment of the Main Market follows the Company's recent issue of shares to raise £250 million, highlighting the significant investor demand for the shares. Trading in the existing ordinary shares on AIM will be cancelled simultaneously. The Company's ticker, ISIN, SEDOL and LEI remain unchanged.
The Company's issued share capital consists of 471,975,411 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury. The above figure may be used by Shareholders in determining the denominator for the calculation by which they will establish 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.
Nigel Rich CBE, Independent Non-Executive Chairman, said:
"We are delighted to be joining the premium segment of the Main Market, an ambition of the Company's since floating on AIM in 2016. As the only London listed REIT with a pure focus on last mile / 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."
For further information contact:
Urban Logistics REIT plc Richard Moffitt
| +44 (0)20 7591 1600 |
Buchanan Helen Tarbet Simon Compton George Beale
| +44 (0)20 7466 5000 +44 (0) 7872 604453 +44 (0) 7979 497324 +44 (0) 7450 295099 |
Singer Capital Markets - Sponsor, Joint Broker and Joint Bookrunner James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)
| +44 (0)20 7496 3000 |
Panmure Gordon (UK) Limited - Joint Broker and Joint Bookrunner Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) David Hawkins (Sales)
| +44 (0)20 7886 2500 |
Alvarium - Joint Bookrunner Mark Thompson Eddie Nissen Oliver Kenyon |
+44 (0)20 7016 6711 +44 (0)20 7016 6713 +44 (0)20 7195 1448
|
About Urban Logistics REIT
Urban Logistics REIT plc is a property investment company, trading on the premium segment of the London Stock Exchange's Main Market (LON: 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.