Requisition for EGM - Urban Logistics REIT plc

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