Company Announcements

Result of AGM

Source: RNS
RNS Number : 1867T
Urban Logistics REIT PLC
20 July 2022
 

 

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.

 

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