Last checked at 
20 Jul 2022 15:00
20 July 2022
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Result of Annual General Meeting
The board of directors of Urban Logistics (LON: 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 | 2022 Annual Report and Accounts | 295,779,926 | 100.00% | 4,363 | 0.00% | 295,784,289 | 62.67% | 362,431 |
2 | Directors' Remuneration Policy | 292,878,307 | 98.94% | 3,136,082 | 1.06% | 296,014,389 | 62.72% | 132,331 |
3 | Directors' Remuneration Report | 293,642,392 | 99.87% | 376,217 | 0.13% | 294,018,609 | 62.30% | 2,128,111 |
4 | Re-Election of Nigel Rich | 256,087,871 | 86.69% | 39,334,452 | 13.31% | 295,422,323 | 62.59% | 724,397 |
5 | Re-Election of Jonathan Gray | 293,971,919 | 99.29% | 2,093,385 | 0.71% | 296,065,304 | 62.73% | 81,416 |
6 | Re-Election of Bruce Anderson | 293,559,863 | 99.15% | 2,505,441 | 0.85% | 296,065,304 | 62.73% | 81,416 |
7 | Re-Election of Richard Moffitt | 292,746,448 | 98.88% | 3,318,856 | 1.12% | 296,065,304 | 62.73% | 81,416 |
8 | Re-Election of Mark Johnson | 293,086,550 | 98.99%
| 2,985,773 | 1.01% | 296,072,323 | 62.73% | 74,397 |
9 | Re-Election of Heather Hancock | 294,336,406 | 99.41% | 1,734,898 | 0.59% | 296,071,304 | 62.73% | 75,416 |
10 | Re-appointment of Auditor | 295,513,102 | 99.81% | 549,266 | 0.19% | 296,062,368 | 62.73% | 84,352 |
11 | Auditor's Remuneration | 295,574,408 | 99.83% | 498,857 | 0.17% | 296,073,265 | 62.73% | 73,455 |
12 | Dividend policy | 296,069,938 | 100.00% | 2,561 | 0.00% | 296,072,499 | 62.73% | 74,221 |
13 | Directors' fee cap | 293,646,695 | 99.18% | 2,428,445 | 0.82% | 296,075,140 | 62.73% | 71,580 |
14 | Authority to allot shares | 293,512,297 | 99.13% | 2,562,843 | 0.87% | 296,075,140 | 62.73% | 71,580 |
15 | Disapplication of pre-emption rights3 | 293,241,993 | 99.06% | 2,786,440 | 0.94% | 296,028,433 | 62.72% | 118,287 |
16 | Disapplication of pre-emption rights3 | 287,348,120 | 97.07% | 8,680,313 | 2.93% | 296,028,433 | 62.72% | 118,287 |
17 | Authority to purchase own shares3 | 291,955,635 | 98.95% | 3,084,159 | 1.05% | 295,039,794 | 62.51% | 1,106,926 |
18 | General meeting on short notice3 | 283,174,752
| 95.64% | 12,903,571 | 4.36% | 296,078,323 | 62.73% | 68,397 |
1 The number of ordinary shares in issue is 471,975,411 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 Special resolution requiring a 75% majority.
A copy of Resolutions 14 to 18 will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information contact:
Link Company Matters Limited - Company Secretary | +44 (0)1392 477500
|
Urban Logistics REIT plc Richard Moffitt
| +44 (0)20 7591 1600 |
Buchanan - Financial PR Helen Tarbet Simon Compton George Beale
| +44 (0) 20 7466 5000 +44 (0) 7872 604453 +44 (0) 07979 497324 +44 (0) 7450 295099 |
Singer Capital Markets - Joint Broker 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 Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) | +44 (0)20 7886 2500
|
About Urban Logistics
Urban Logistics REIT plc 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, has many 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 in April 2016 to c. £800m at present.