11 Mar 2020 08:05
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Director / PDMR Shareholdings
Urban Logistics announces that Nigel Rich, Non-Executive Chairman, and Bruce Anderson, Non-Executive Director, have purchased 110,000 and 4,446 shares in the Company respectively as part of the recent equity issuance by the Company, at a price of 137.5p, as announced on 9 March 2020.
As a result, Nigel Rich and Bruce Anderson's interest in the share capital of the Company is 335,536 and 50,000 Ordinary Shares respectively.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Nigel Rich | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Chairman (PDMR) | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Urban Logistics REIT plc | |
b) | LEI | 213800P6ODJW2UFNDC37 | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a)
| Description of the financial instrument, type of instrument
Identification code | Ordinary shares of £0.01 each
ISIN number GB00BYV8MN78 | |
b) | Nature of the transaction | Purchase of Shares | |
c)
| Price(s) and volume(s)
| Price | Volume |
137.5p | 110,000 | ||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A - Single transaction | |
e) | Date of the transaction | 11 March 2020 | |
f) | Place of the transaction | London Stock Exchange - AIM | |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Bruce Anderson | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director (PDMR) | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Urban Logistics REIT plc | |
b) | LEI | 213800P6ODJW2UFNDC37 | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a)
| Description of the financial instrument, type of instrument
Identification code | Ordinary shares of £0.01 each
ISIN number GB00BYV8MN78 | |
b) | Nature of the transaction | Purchase of Shares | |
c)
| Price(s) and volume(s)
| Price | Volume |
137.5p | 4,446 | ||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A - Single transaction | |
e) | Date of the transaction | 11 March 2020 | |
f) | Place of the transaction | London Stock Exchange - AIM | |
Enquiries
Urban Logistics REIT plcRichard Moffitt
| +44 (0)20 7591 1600 |
Montfort - Financial PR and IR adviserOlly Scott
| +44 (0)78 1234 5205 |
N+1 Singer - Nominated Adviser and Joint Bookrunner James Maxwell / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)
| +44 (0)20 7496 3000 |
Panmure Gordon (UK) Limited - Joint Bookrunner Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) David Hawkins / Tom Scrivens (Sales) | +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 invests 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 logistics properties servicing high-quality tenants. Investment returns will be generated by an experienced management team focusing on quality stock selection and active asset management.
Urban Logistics (SHED)