Last checked at 
15 Mar 2023 13:02
15th March 2023
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Appointment of Non-Executive Director
The Board of Urban Logistics (LON: SHED), the last mile logistics focused REIT, is pleased to announce the appointment of Ms Lynda Heywood as an Independent Non-Executive Director of the Company, and a member of the Audit Committee, Management Engagement Committee and Nomination Committee with effect from 1 May 2023.
Lynda Heywood is a finance leader and treasurer who brings a wealth of experience in guiding FTSE 100 companies from her 20-year tenure at Kingfisher, and six years at Tesco, holding group treasurer roles at both organisations.
In her role in the finance leadership team at Tesco, she is responsible for capital structure, liquidity and financial risk management, and has been instrumental in delivering the group's property JV acquisitions. Lynda also sits on the Investment and Risk Committee of the Tesco Pension Scheme, which holds a significant real estate portfolio.
Outside of her role at Tesco Lynda is also a member of the Money Markets Committee of the Bank of England. She qualified as a chartered accountant with BDO Stoy Hayward, is a fellow of the Association of Corporate Treasurers and holds a BA in accountancy from the London Metropolitan University.
Nigel Rich, Chairman of Urban Logistics commented:
"On behalf of the board I am delighted to welcome Lynda as a new independent director of Urban Logistics. We believe her experience in leading finance functions in FTSE 100 companies will be invaluable as we continue to execute against our strategy."
"We are lucky to find a candidate for this role with Lynda's depth and breadth of experience, covering finance, listed businesses and real estate, and we look forward to working closely with her in years to come."
The following information is disclosed in accordance with Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.
Lynda, in her role as Corporate Treasurer, is currently the Director of the following companies that are currently in voluntary liquidation:
Company | Duration of Directorship | Date placed into voluntary liquidation |
Buttoncable Limited | 11/08/2016 - 24/01/2022 | 09/03/2022 |
Stewarts Supermarkets Limited | 10/01/2020 - Present | 25/02/2020 |
Tesco Aqua (3LP) Limited | 11/08/2016 - 11/01/2021 | 29/11/2021 |
Tesco International Internet Retailing Limited | 10/01/2020 - Present | 25/02/2020 |
In addition, Lynda has been a Director of a number of companies at the time in which they went into creditors' voluntary liquidation or within 12 months:
Company | Duration of Directorship | Date the Company was Placed into Voluntary Liquidation
| Date the Company was Dissolved |
Adminstore Limited | 10/01/2020 - 25/01/2022 | 22/04/2021 | 25/01/2022 |
Adsega Limited | 12/08/2019 - 26/05/2020 | 09/09/2019 | 26/05/2020 |
Tesco TLB Barnstaple Limited | 22/11/2019 - 11/06/2020 | 14/03/2019 | 11/06/2020 |
Tesco TLB Nottingham Limited | 22/11/2019 - 11/06/2020 | 14/03/2019 | 11/06/2020 |
Tesco TLB Pontypridd Limited | 22/11/2019 - 11/06/2020 | 14/03/2019 | 11/06/2020 |
Cheshunt Finance Unlimited | 11/08/2016 - 11/02/2019 | 14/03/2019 | 21/03/2021 |
Comar Limited | 11/08/2016 - 05/01/2022 | 09/03/2022 | 09/03/2023 |
Country Market Limited | 11/08/2016 - 20/02/2017 | 21/03/2017 | 09/06/2018 |
Crazy Prices | 11/08/2016 - 20/02/2017 | 11/04/2017 | 17/04/2019 |
Cullen's Holdings Limited | 11/08/2016 - 12/01/2021 | 09/09/2019 | 12/01/2021 |
Daily Wrap Produce limited | 11/08/2016 - 14/02/2017 | 20/04/2017 | 17/04/2019 |
Delamare One limited | 11/08/2016 - 16/05/2017 | 24/08/2018 | 24/11/2018 |
Europa Foods limited | 11/08/2016 - 21/04/2021 | 09/09/2019 | 21/04/2021 |
Faraday Properties Limited | 09/08/2019 - 15/08/2020 | 02/09/2019 | 15/08/2020 |
Halesworth SPV Limited | 11/08/2016 - 17/01/2019 | 09/04/2020 | 09/07/2020 |
Laws Stores Limited | 11/08/2016 - 02/02/2017 | 10/07/2017 | 04/04/2018 |
Motorcause Limited | 02/02/2021 - 25/01/2022 | 19/03/2021 | 25/01/2022 |
NutriCentre Limited | 13/08/2019 - 12/01/2021 | 09/09/2019 | 12/01/2021 |
Tesco Aqua (FinCo1) Limited | 10/01/2020 - 22/09/2021 | 25/02/2020 | 22/09/2021 |
Tesco Blue (FinCo2) Limited | 29/01/2021 - 25/01/2022 | 19/03/2021 | 25/01/2022 |
Tesco Overseas ULC | 11/08/2016 - 17/05/2022 | 19/05/2021 | 17/05/2022 |
Tesco Treasury Services limited | 11/08/2016 - 12/01/2021 | 12/09/2019 | 12/01/2021 |
Wm. Low Supermarkets limited | 09/08/2019 - 15/08/2020 | 02/09/2019 | 15/08/2020 |
There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.
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 - Joint Broker James Maxwell / Alaina Wong / Oliver Platts (Banking) Alan Geeves / James Waterlow / Sam Greatrex (Markets)
| +44 (0)20 7496 3000 |
Panmure Gordon (UK) Limited - Joint Broker David Watkins / Emma Earl (Investment Banking) | +44 (0)20 7886 2500 |
LEI: 213800P6ODJW2UFNDC37
About Urban Logistics REIT plc
Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property investment company. The Company is the only London-listed REIT to focus on specialist last mile / last touch logistics assets, with a tenant base which delivers essential goods within the UK. The Company's strategy is to invest in mid-sized logistics properties with the objective of generating attractive dividends and capital returns through active asset management.
Urban Logistics' investment management team, led by Richard Moffitt and Christopher Turner, has over 50 years' experience in investing in the logistics market within the broader real estate market. The team's ability to source vital and strategically located mid-sized single let properties, with high-quality tenants, off-market at favourable terms, creates considerable value for shareholders. Tenants include Amazon, XPO, DHL, Hermes, DPD, Boots, Unipart (for NHS), Royal Mail and J Sainsbury Plc.
Buying well and pursuing additional value enhancing asset management initiatives has driven the Company's growth, enabling Urban Logistics to grow from a £10m market cap company at IPO on the AIM in April 2016 to a FTSE 250 constituent.