Urban Logistics Welcomes Withdrawal of Requisition
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types that would require a detailed analysis. It is a general corporate update regarding the withdrawal of a requisition for a general meeting, which does not have a significant impact on the company's operations or financial performance.
Key Points
- Achilles Investment Company Limited has withdrawn its requisition for a general meeting
- Urban Logistics and its advisers have entered into discussions with LondonMetric Property plc about a possible recommended offer
- There is no certainty that any offer for Urban Logistics will be made
Summary
The retailer has announced the withdrawal of a requisition for a general meeting, following discussions with a potential acquirer.
Urban Logistics REIT plc has announced that Achilles Investment Company Limited has withdrawn its requisition for a general meeting. This follows the company's previous announcement regarding discussions with LondonMetric Property plc about a possible recommended offer for Urban Logistics. The company has advised shareholders to take no action at this time, as there is no certainty that any offer will be made.
Key Dates
9 May 2025
Deadline for LondonMetric to announce a firm intention to make an offer or state it does not intend to make an offer
GENERAL UPDATE