Business
Results of Court Meeting and General Meeting
Results of Court Meeting and General Meeting.
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.\nFOR IMMEDIATE RELEASE \n \n13 June 2025\n \n \nRECOMMENDED CASH AND SHARE ACQUISITION\n \nof\n \nURBAN LOGISTICS REIT PLC (\"URBAN LOGISTICS\")\n \nby\n \nLONDONMETRIC PROPERTY PLC (\"LONDONMETRIC\")\n \n \nResults of the Court Meeting and the General Meeting\n \n \nOn 9 May 2025, the boards of Urban Logistics and LondonMetric announced that they had reached agreement on the terms of a recommended cash and share offer pursuant to which LondonMetric would acquire the entire issued and to be issued ordinary share capital of Urban Logistics (the \"Acquisition\" forming the \"Combined Group\"). The Acquisition is being implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\").\n \nUrban Logistics is pleased to announce that, at the Court Meeting and the General Meeting held earlier today in connection with the Acquisition:\n \n· the requisite majority in number of Scheme Shareholders present and voting (in person or by proxy), who together represented not less than 75 per cent. in value of the Scheme Shares held by such Scheme Shareholders, voted in favour of the Scheme at the Court Meeting; and\n· the requisite majority of Urban Logistics Shareholders voted (in person or by proxy) to pass the Resolution at the General Meeting to implement the Scheme, including the amendment to Urban Logistics's articles of association.\n \nAccordingly, all resolutions were duly passed.\n \nFull details of the resolutions passed are set out in the notices of the Court Meeting and the Genera...