The Vanguard Group, Inc. Discloses Stake in Urban Logistics REIT plc

The Vanguard Group, Inc. has made an opening position disclosure, revealing its significant interest in Urban Logistics REIT plc, as mandated by Rule 8.3 of the Takeover Code. As of 19 March 2024, The Vanguard Group declared a holding of 7,953,605 ordinary shares in Urban Logistics REIT plc. This stake represents 1.69% of the company's issued share capital. This disclosure comes amidst regulatory requirements to report interests and short positions in securities that exceed 1% of the issued share capital of the company involved in a takeover or merger.

In relation to the dealings, The Vanguard Group reported purchasing 13,716 ordinary shares at a price of 1.16 GBP per unit. This acquisition further consolidates The Vanguard Group's position in Urban Logistics REIT plc. The disclosure did not report any involvement in cash-settled or stock-settled derivative transactions, nor were there any rights to subscribe for new securities reported. Moreover, there were no indemnity or dealing arrangements, or agreements relating to options or derivatives disclosed.