Urban Logistics REIT PLC Appointment of Non-Executive Director (0960T)

TIDMSHED

RNS Number : 0960T

Urban Logistics REIT PLC

15 March 2023

15(th) March 2023

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Appointment of Non-Executive Director

The Board of Urban Logistics (LON: SHED), the last mile logistics focused REIT, is pleased to announce the appointment of Ms Lynda Heywood as an Independent Non-Executive Director of the Company, and a member of the Audit Committee, Management Engagement Committee and Nomination Committee with effect from 1 May 2023.

Lynda Heywood is a finance leader and treasurer who brings a wealth of experience in guiding FTSE 100 companies from her 20-year tenure at Kingfisher, and six years at Tesco, holding group treasurer roles at both organisations.

In her role in the finance leadership team at Tesco, she is responsible for capital structure, liquidity and financial risk management, and has been instrumental in delivering the group's property JV acquisitions. Lynda also sits on the Investment and Risk Committee of the Tesco Pension Scheme, which holds a significant real estate portfolio.

Outside of her role at Tesco Lynda is also a member of the Money Markets Committee of the Bank of England. She qualified as a chartered accountant with BDO Stoy Hayward, is a fellow of the Association of Corporate Treasurers and holds a BA in accountancy from the London Metropolitan University.

Nigel Rich, Chairman of Urban Logistics commented:

"On behalf of the board I am delighted to welcome Lynda as a new independent director of Urban Logistics. We believe her experience in leading finance functions in FTSE 100 companies will be invaluable as we continue to execute against our strategy."

"We are lucky to find a candidate for this role with Lynda's depth and breadth of experience, covering finance, listed businesses and real estate, and we look forward to working closely with her in years to come."

The following information is disclosed in accordance with Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

Lynda, in her role as Corporate Treasurer, is currently the Director of the following companies that are currently in voluntary liquidation:

 
 Company                    Duration of Directorship   Date placed into 
                                                        voluntary liquidation 
 Buttoncable Limited        11/08/2016 - 24/01/2022    09/03/2022 
                           -------------------------  ----------------------- 
 Stewarts Supermarkets      10/01/2020 - Present       25/02/2020 
  Limited 
                           -------------------------  ----------------------- 
 Tesco Aqua (3LP) Limited   11/08/2016 - 11/01/2021    29/11/2021 
                           -------------------------  ----------------------- 
 Tesco International        10/01/2020 - Present       25/02/2020 
  Internet Retailing 
  Limited 
                           -------------------------  ----------------------- 
 

In addition, Lynda has been a Director of a number of companies at the time in which they went into creditors' voluntary liquidation or within 12 months:

 
 Company                      Duration of Directorship   Date the       Date the 
                                                          Company was    Company was 
                                                          Placed into    Dissolved 
                                                          Voluntary 
                                                          Liquidation 
 Adminstore Limited           10/01/2020 - 25/01/2022    22/04/2021     25/01/2022 
                             -------------------------  -------------  ------------- 
 Adsega Limited               12/08/2019 - 26/05/2020    09/09/2019     26/05/2020 
                             -------------------------  -------------  ------------- 
 Tesco TLB Barnstaple         22/11/2019 - 11/06/2020    14/03/2019     11/06/2020 
  Limited 
                             -------------------------  -------------  ------------- 
 Tesco TLB Nottingham         22/11/2019 - 11/06/2020    14/03/2019     11/06/2020 
  Limited 
                             -------------------------  -------------  ------------- 
 Tesco TLB Pontypridd         22/11/2019 - 11/06/2020    14/03/2019     11/06/2020 
  Limited 
                             -------------------------  -------------  ------------- 
 Cheshunt Finance Unlimited   11/08/2016 - 11/02/2019    14/03/2019     21/03/2021 
                             -------------------------  -------------  ------------- 
 Comar Limited                11/08/2016 - 05/01/2022    09/03/2022     09/03/2023 
                             -------------------------  -------------  ------------- 
 Country Market Limited       11/08/2016 - 20/02/2017    21/03/2017     09/06/2018 
                             -------------------------  -------------  ------------- 
 Crazy Prices                 11/08/2016 - 20/02/2017    11/04/2017     17/04/2019 
                             -------------------------  -------------  ------------- 
 Cullen's Holdings Limited    11/08/2016 - 12/01/2021    09/09/2019     12/01/2021 
                             -------------------------  -------------  ------------- 
 Daily Wrap Produce           11/08/2016 - 14/02/2017    20/04/2017     17/04/2019 
  limited 
                             -------------------------  -------------  ------------- 
 Delamare One limited         11/08/2016 - 16/05/2017    24/08/2018     24/11/2018 
                             -------------------------  -------------  ------------- 
 Europa Foods limited         11/08/2016 - 21/04/2021    09/09/2019     21/04/2021 
                             -------------------------  -------------  ------------- 
 Faraday Properties           09/08/2019 - 15/08/2020    02/09/2019     15/08/2020 
  Limited 
                             -------------------------  -------------  ------------- 
 Halesworth SPV Limited       11/08/2016 - 17/01/2019    09/04/2020     09/07/2020 
                             -------------------------  -------------  ------------- 
 Laws Stores Limited          11/08/2016 - 02/02/2017    10/07/2017     04/04/2018 
                             -------------------------  -------------  ------------- 
 Motorcause Limited           02/02/2021 - 25/01/2022    19/03/2021     25/01/2022 
                             -------------------------  -------------  ------------- 
 NutriCentre Limited          13/08/2019 - 12/01/2021    09/09/2019     12/01/2021 
                             -------------------------  -------------  ------------- 
 Tesco Aqua (FinCo1)          10/01/2020 - 22/09/2021    25/02/2020     22/09/2021 
  Limited 
                             -------------------------  -------------  ------------- 
 Tesco Blue (FinCo2)          29/01/2021 - 25/01/2022    19/03/2021     25/01/2022 
  Limited 
                             -------------------------  -------------  ------------- 
 Tesco Overseas ULC           11/08/2016 - 17/05/2022    19/05/2021     17/05/2022 
                             -------------------------  -------------  ------------- 
 Tesco Treasury Services      11/08/2016 - 12/01/2021    12/09/2019     12/01/2021 
  limited 
                             -------------------------  -------------  ------------- 
 Wm. Low Supermarkets         09/08/2019 - 15/08/2020    02/09/2019     15/08/2020 
  limited 
                             -------------------------  -------------  ------------- 
 

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

For further information contact:

 
 Urban Logistics REIT plc                           [phone] 
  Richard Moffitt                                    1600 
                                                    [phone] 
                                                     5000 
                                                     +44 (0) 7872 
                                                     604453 
 Buchanan                                            +44 (0) 7979 
  Helen Tarbet                                       497324 
  Simon Compton                                      +44 (0) 7450 
  George Beale                                       295099 
 Singer Capital Markets - Joint Broker 
  James Maxwell / Alaina Wong / Oliver Platts 
  (Banking) 
  Alan Geeves / James Waterlow / Sam Greatrex       [phone] 
  (Markets)                                          3000 
 Panmure Gordon (UK) Limited - Joint Broker         [phone] 
  David Watkins / Emma Earl (Investment Banking)     2500 
 

LEI: 213800P6ODJW2UFNDC37

About Urban Logistics REIT plc

Urban Logistics REIT plc (LON: SHED) 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 and Christopher Turner, has over 50 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 GBP10m market cap company at IPO on the AIM in April 2016 to a FTSE 250 constituent.

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March 15, 2023 09:02 ET (13:02 GMT)