Urban Logistics and LondonMetric in Acquisition Talks

Urban Logistics REIT plc is engaged in ongoing discussions with LondonMetric Property plc regarding a potential acquisition, with a deadline set for May 9, 2025, for a definitive offer declaration. This follows the withdrawal of a general meeting requisition by Achilles Investment Company Limited, which has altered the dynamics of the potential deal. Urban Logistics has advised shareholders to refrain from action until further announcements. Meanwhile, various disclosures under Rule 8.3 of the Takeover Code are being made by entities with interests in relevant securities, including Dimensional Fund Advisors and Man Group plc, indicating significant activity and interest in the securities related to the offer. Such disclosures are essential for transparency in the context of the potential takeover bid. These developments highlight a critical phase in Urban Logistics' strategic future, with stakeholder actions potentially influencing the outcome.