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On 26 March 2025, Achilles Investment Company Limited announced that Waverton Investment Management Limited, TR Property Investment Trust plc, and Harwood Capital LLP, collectively managing 8.8% of Urban Logistics REIT plc's issued share capital, intend to requisition an Extraordinary General Meeting (EGM). The EGM's purpose is to propose the removal of Nigel Rich, Heather Hancock, and Richard Moffit, and the appointment of Robert Naylor as Non-Executive Chairman and Sanjeta Shah as Non-Executive Director and Senior Independent Director to Urban Logistics REIT plc, all with immediate effect.
| Date | 26 Mar 2025 |
| Time | 07:00:09 |
| Category | Miscellaneous |
| ID | 1458C |
26 March 2025
Requisition for an Extraordinary General Meeting
Urban Logistics REIT plc
Achilles Investment Company Limited announces that Waverton Investment Management Limited, TR Property Investment Trust plc and Harwood Capital LLP collectively managing shares representing approximately 8.8 per cent. of the issued share capital of Urban Logistics REIT plc, intends to serve a requisition on the company to convene an Extraordinary General Meeting.
The purpose of this meeting is to propose:
1. the removal of Nigel Rich, Non-Executive Chairman, Heather Hancock, Non-Executive Director and Senior Independent Director, Richard Moffit, Director; and
2. the appointment of Robert Naylor as Non-Executive Chairman, and Sanjeta Shah Non-Executive Director and Senior Independent Director;
all with immediate effect.
If appointed, the requisitioning investors expect the new directors to collaborate with the remaining Board members to conduct a strategic review aimed at maximising shareholder value.
Robert Naylor is the lead fund manager of Achilles Investment Company Limited, which is managed by Harwood Capital (Gibraltar) Limited, a subsidiary of Harwood Capital LLP.
The full text of the explanatory statement accompanying the requisition will be available shortly at: www.achillesic.com.
Enquiries
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Robert Naylor and Christopher Mills |