24 July 2024
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 | 2024 Annual Report and Accounts | 310,163,348 | 99.95% | 168,689 | 0.05% | 310,332,037 | 65.75% | 309,904 |
| 2 | Directors' Remuneration Report | 310,430,973 | 99.96% | 127,217 | 0.04% | 310,558,190 | 65.80% | 83,751 |
| 3 | Re-Election of Nigel Rich | 284,408,836 | 92.67% | 22,484,038 | 7.33% | 306,892,874 | 65.02% | 3,749,067 |
| 4 | Re-Election of Bruce Anderson | 305,657,410 | 98.40% | 4,969,394 | 1.60% | 310,626,804 | 65.81% | 15,137 |
| 5 | Re-Election of Richard Moffitt | 298,879,433 | 96.74% | 10,082,224 | 3.26% | 308,961,657 | 65.46% | 1,680,284 |
| 6 | Re-Election of Heather Hancock | 305,638,699 | 98.39% | 4,988,105 | 1.61% | 310,626,804 | 65.81% | 15,137 |
| 7 | Re-Election of Lynda Heywood | 305,612,837 | 98.39% | 5,013,967 | 1.61% | 310,626,804 | 65.81% | 15,137 |
| 8 | Election of Cherine Aboulzelof | 308,482,567 | 99.31% | 2,145,764 | 0.69% | 310,628,331 | 65.81% | 13,610 |
| 9 | Re-appointment of Auditor | 310,618,517 | 100.00% | 9,814 | 0.00% | 310,628,331 | 65.81% | 13,610 |
| 10 | Auditor's Remuneration | 310,594,847 | 99.99% | 33,484 | 0.01% | 310,628,331 | 65.81% | 13,610 |
| 11 | Dividend policy | 310,626,517 | 100.00% | 1,814 | 0.00% | 310,628,331 | 65.81% | 13,610 |
| 12 | Authority to allot shares | 307,113,614 | 98.87% | 3,508,217 | 1.13% | 310,621,831 | 65.81% | 20,110 |
| 13 | Disapplication of pre-emption rights3 | 303,627,352 | 97.75% | 7,001,452 | 2.25% | 310,628,804 | 65.81% | 13,137 |
| 14 | Disapplication of pre-emption rights3 | 300,609,365 | 96.77% | 10,019,439 | 3.23% | 310,628,804 | 65.81% | 13,137 |
| 15 | Authority to purchase own shares3 | 303,997,904 | 98.03% | 6,101,816 | 1.97% | 310,099,720 | 65.70% | 542,221 |
| 16 | General meeting on short notice3 | 302,670,667 | 97.44% | 7,967,774 | 2.56% | 310,638,441 | 65.82% | 3,500 |
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 12 to 16 will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
LEI: 213800P6ODJW2UFNDC37
| For further information contact: | |
| Company Matters - Company Secretary | +44 (0) 333 300 1950 |
| Urban Logistics REIT plc Richard Moffitt
| +44 (0) 20 7591 1600 |
| Burson Buchanan Helen Tarbet Simon Compton George Beale
| +44 (0) 7872 604453 +44 (0) 7979 497324 +44 (0) 7450 295099
|
| G10 Capital Limited (part of IQ-EQ) - AIFM | |
| Graham Fletcher About Urban Logistics | +44 (0) 20 397 5450 |
Urban Logistics REIT plc (LON: SHED) is a FTSE 250 property investment company. The Company is the only London listed REIT offering exposure to the specialist last mile / last touch logistics sector, with a single-let 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 and asset recycling to generate significant valuation uplift.
Urban Logistics' investment adviser team has significant experience in investing in the fast-growing logistics sub-sector within the broader real estate market. The team's ability to source important 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 a FTSE 250 constituent with a portfolio valued at circa £1bn.
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