Business
Completion of Acquisition and Admission
Completion of Acquisition and Admission.
About this update from Londonmetric Property Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \nFOR IMMEDIATE RELEASE\n \n24 June 2025\nRECOMMENDED CASH AND SHARE ACQUISITION OF\n \nURBAN LOGISTICS REIT PLC (\"URBAN LOGISTICS\")\n \nBY\n \nLONDONMETRIC PROPERTY PLC (\"LONDONMETRIC\")\n \nCompletion of the Acquisition and Admission, Total Voting Rights\n \nOn 9 May 2025, the Boards of LondonMetric and Urban Logistics announced the terms of a recommended cash and share offer for Urban Logistics by LondonMetric (the \"Acquisition\") pursuant to which LondonMetric would acquire the entire issued and to be issued share capital of Urban Logistics (the \"Announcement\"). As described in the Announcement, it was intended that the Acquisition would be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"). The circular in relation to the Scheme (the \"Scheme Document\") was published on 23 May 2025. Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Document.\n \nFurther to the announcement by Urban Logistics on 23 June 2025 in relation to the Scheme becoming Effective in accordance with its terms, LondonMetric announces that admission of 257,864,451 New LondonMetric Shares to the equity shares (commercial companies) category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market (\"Admission\") and commencement of dealings in the New LondonMetric Shares became effective at 8.00 a.m. (London time) today.\n \nAs set out in the Scheme Document, New LondonMetric Shares in uncertificated form are expected to be credited to CREST accounts on or soon after 8.00 a.m. (London time) today and definitive share certificates for the New LondonMetric Shares in certificated form will be dispatched on or before 7 July 2025.\n \nThe New LondonMetric Shares rank pari passu in all respects with the LondonMetric Shares in issue at the time of Admission, including the right to receive and retain any dividends and other distributions announced, declared, made or paid by reference to a r...