Urban Logistics REIT PLC PDMR Shareholding, Issue of Equity and TVR (3623I)
November 23 2018 - 6:56AM
UK Regulatory
TIDMSHED
RNS Number : 3623I
Urban Logistics REIT PLC
23 November 2018
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
PDMR Shareholding and Issue of Equity
The Company announces the issue of 20,000 new ordinary shares of
1 penny each in the capital of the Company ("Ordinary Shares")
pursuant to the exercise of 20,000 warrants by Jonathan Gray,
Non-Executive Director. Application has been made for 20,000 new
Ordinary Shares, which will rank pari passu with the existing
Ordinary Shares, to be admitted to trading on AIM ("Admission").
Admission is expected to occur at 8.00 a.m. on 28 November
2018.
Following this transaction, Jonathan Gray 's total interest in
the Company is 60,000 Ordinary Shares representing 0.07 per cent.
of the total voting rights of the Company.
Following Admission, the total number of voting rights in the
Company will be 86,100,818 Ordinary Shares. This number may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
The following disclosures are made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jonathan Gray
---------------------------- ----------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non-Executive Director, PDMR
---------------------------- ----------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- ----------------------------------
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 Ordinary Shares of 1 pence each
financial instrument,
type of instrument ISIN: GB00BYV8MN78
Identification code
---------------------------- ----------------------------------
b) Nature of the transaction Exercise of warrants
---------------------------- ----------------------------------
c) Prices and volumes Exercise Price(s) Volume(s)
97p 20,000
----------
---------------------------- ----------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
---------------------------- ----------------------------------
e) Date of the transaction 22 November 2018
---------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange
---------------------------- ----------------------------------
For further information contact:
Urban Logistics REIT plc
Richard Moffitt +44 (0)20 7591 1600
Montfort - Financial PR and IR adviser
Olly Scott +44 (0)78 1234 5205
Honoria Simpson +44 (0)20 3965 6960
N+1 Singer - Nominated Adviser and Broker
James Maxwell / James Moat (Corporate
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales) +44 (0)20 7496 3000
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
industrial and 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 industrial and 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.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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