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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Urban Logistics Reit Plc | LSE:SHED | London | Ordinary Share | GB00BYV8MN78 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 122.20 | 122.00 | 122.40 | 122.80 | 122.00 | 122.60 | 191,903 | 11:17:40 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 59.71M | -82.66M | -0.1751 | -6.98 | 576.75M |
TIDMSHED
RNS Number : 0550F
Urban Logistics REIT PLC
05 March 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Result of Open Offer and Offer for Subscription
Further to the Circular published on 18 February 2020 containing inter alia further information on the Open Offer and Offer for Subscription, the Company is pleased to announce that it has received valid acceptances from Qualifying Shareholders in respect of 3,917,269 Open Offer Shares, raising gross proceeds of approximately GBP5.4 million under the Open Offer.
In addition, the Company has received valid acceptances for 517,088 Offer for Subscription Shares, raising gross proceeds of approximately GBP0.7 million under the Offer for Subscription.
All valid applications received under the Open Offer and Offer for Subscription, including valid applications received under the Excess Application Facility, will be met in full.
In combination with the result of the Placing announced on 14 February 2020, the Company has now raised aggregate gross proceeds of approximately GBP136.1 million, conditional inter alia on shareholder approval to enable the allotment of the New Ordinary Shares at the General Meeting, which is to be held at the offices of Gowling WLG (UK) LLP, 4 More London Riverside, London SE1 2AU at 10.00 a.m. on 9 March 2020.
Application will be made for 100,789,419 New Ordinary Shares (including LTIP Shares) to be admitted to trading on AIM. Following shareholder approval it is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8 a.m. on 11 March 2020.
Words and expressions defined in the Circular published on 18 February 2020 shall have the same meaning in this announcement.
Enquiries
Urban Logistics REIT plc Richard Moffitt +44 (0)20 7591 1600 Montfort - Financial PR and IR adviser Olly Scott +44 (0)78 1234 5205 N+1 Singer - Nominated Adviser and Joint Bookrunner James Maxwell / James Moat (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales) +44 (0)20 7496 3000 Panmure Gordon (UK) Limited - Joint Bookrunner Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance) David Hawkins / Tom Scrivens (Sales) +44 (0)20 7886 2500
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 invests 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 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.
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.
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March 05, 2020 02:00 ET (07:00 GMT)
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