Business
Requisition for EGM - Urban Logistics REIT plc
Requisition for EGM - Urban Logistics REIT plc.
About this update from Achilles Investment Company Limited
[{"type":"text","content":"\n\n\n26 March 2025\nRequisition for an Extraordinary General Meeting\nUrban Logistics REIT plc\nAchilles 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.\nThe purpose of this meeting is to propose:\n1. the removal of Nigel Rich, Non-Executive Chairman, Heather Hancock, Non-Executive Director and Senior Independent Director, Richard Moffit, Director; and\n2. the appointment of Robert Naylor as Non-Executive Chairman, and Sanjeta Shah Non-Executive Director and Senior Independent Director;\nall with immediate effect.\nIf 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.\nRobert 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.\nThe full text of the explanatory statement accompanying the requisition will be available shortly at: www.achillesic.com.\nEnquiries\n\n\n\n\nRobert Naylor and Christopher Mills\n\n\[email protected]\n\n\n\n\n \n\n","length":2938,"tagName":"div"}]