Last checked at 
10 Jul 2020 12:30
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.