Urban Logistics REIT PLC Change of Auditor (0126P)

TIDMSHED

RNS Number : 0126P

Urban Logistics REIT PLC

15 February 2021

Urban Logistics REIT plc

("Urban Logistics" or the "Company")

Change of Auditor

Urban Logistics, (AIM: SHED) the specialist UK logistics REIT, has appointed RSM UK Audit LLP as Auditor of the Company with immediate effect. This appointment follows a formal and competitive tender process.

As a result of the recent increase in the Company's market capitalisation, the Company qualifies as an other entity of public interest (OEPI) for audit regulatory purposes. Accordingly, Nexia Smith & Williamson has resigned as auditor as the firm does not audit listed OEPIs. Nexia Smith & Williamson has confirmed that there are no matters that it wishes to bring to the attention of the Board of Directors or the Shareholders of the Company.

The Board would like to thank Guy Swarbreck and Nexia Smith & Williamson for their support and advice which has enabled the Company to grow so successfully over the last 5 years since IPO.

Shareholder approval to appoint RSM UK Audit LLP as the Company's auditor will be sought at the Company's next Annual General Meeting to be held in the summer.

- Ends -

For further information contact:

 
 Urban Logistics REIT plc 
  Richard Moffitt                                [phone] 
 Buchanan - Financial PR 
  Helen Tarbet                                     [phone] 
  Henry Wilson                                     [phone] 
  George Beale                                     [phone] 
 N+1 Singer - Nominated Adviser and Broker 
  James Maxwell / James Moat (Corporate 
  Finance) 
  Alan Geeves / James Waterlow / Sam Greatrex 
  (Sales)                                        [phone] 
 Panmure Gordon (UK) Limited - Joint Broker 
  Chloe Ponsonby (Corporate Broking) 
  Emma Earl (Corporate Finance)                  [phone] 
 

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 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 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.

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February 15, 2021 02:00 ET (07:00 GMT)