THE COMPANIES ACT 2006
A PUBLIC COMPANY LIMITED BY SHARES
ARTICLES OF ASSOCIATION
OF
URBAN LOGISTICS REIT PLC
(company no. 9907096)
as adopted by special resolution on 12 November 2021
Tel +44 (0)370 903 1000 Fax +44 (0)370 904 1099 mail@gowling.comgowlingwlg.com
CONTENTS | ||
Clause | Heading | Page |
1 | ARTICLES NOT TO APPLY .......................................................................................... | 1 |
2 | INTERPRETATION........................................................................................................ | 1 |
REAL ESTATE INVESTMENT TRUST .................................................................................................. | 9 | |
3 | CARDINAL PRINCIPLE................................................................................................. | 9 |
4 | NOTIFICATION OF SUBSTANTIAL SHAREHOLDER AND OTHER STATUS.......... | 10 |
5 | DISTRIBUTIONS IN RESPECT OF SUBSTANTIAL SHAREHOLDINGS .................. | 10 |
6 | DISTRIBUTION TRUST............................................................................................... | 12 |
7 | OBLIGATION TO DISPOSE ........................................................................................ | 13 |
8 | GENERAL .................................................................................................................... | 15 |
CHANGE OF NAME ............................................................................................................................. | 17 | |
9 | CHANGE OF NAME BY RESOLUTION OF THE BOARD.......................................... | 17 |
SHARE CAPITAL ................................................................................................................................ | 17 | |
10 | LIMITED LIABILITY ..................................................................................................... | 17 |
11 | RIGHTS ATTACHING TO ORDINARY SHARES ....................................................... | 17 |
12 | FURTHER ISSUES...................................................................................................... | 18 |
13 | ALLOTMENT ............................................................................................................... | 18 |
14 | REDEEMABLE SHARES ............................................................................................ | 19 |
15 | SHARE WARRANTS TO BEARER ............................................................................. | 19 |
16 | COMMISSION AND BROKERAGE............................................................................. | 20 |
17 | TRUSTS NOT TO BE RECOGNISED......................................................................... | 20 |
18 | CERTIFICATED AND UNCERTIFICATED SHARES.................................................. | 20 |
SHARE CERTIFICATES....................................................................................................................... | 22 | |
19 | RIGHT TO CERTIFICATES......................................................................................... | 23 |
20 | REPLACEMENT CERTIFICATES ............................................................................... | 23 |
LIEN ON SHARES ................................................................................................................................ | 24 | |
21 | LIEN ON SHARES NOT FULLY PAID ........................................................................ | 24 |
22 | ENFORCEMENT OF LIEN BY SALE .......................................................................... | 24 |
23 | APPLICATION OF PROCEEDS OF SALE ................................................................. | 25 |
CALLS ON SHARES ............................................................................................................................ | 25 | |
24 | CALLS.......................................................................................................................... | 25 |
25 | LIABILITY OF JOINT HOLDERS................................................................................. | 25 |
26 | INTEREST ON CALLS ................................................................................................ | 25 |
27 | RIGHTS OF MEMBER WHEN CALL UNPAID............................................................ | 26 |
28 | SUMS DUE ON ALLOTMENT TREATED AS CALLS................................................. | 26 |
29 | POWER TO DIFFERENTIATE .................................................................................... | 26 |
30 | PAYMENT IN ADVANCE OF CALLS .......................................................................... | 26 |
FORFEITURE OF SHARES.................................................................................................................. | 27 | |
31 | NOTICE IF CALL NOT PAID ....................................................................................... | 27 |
32 | FORFEITURE FOR NON-COMPLIANCE ................................................................... | 27 |
33 | NOTICE AFTER FORFEITURE .................................................................................. | 27 |
34 | FORFEITURE MAY BE ANNULLED ........................................................................... | 27 |
35 | SURRENDER .............................................................................................................. | 28 |
36 | DISPOSAL OF FORFEITED SHARES........................................................................ | 28 |
37 | EFFECT OF FORFEITURE ......................................................................................... | 28 |
38 | EXTINCTION OF CLAIMS........................................................................................... | 28 |
39 | EVIDENCE OF FORFEITURE .................................................................................... | 29 |
TRANSFER OF SHARES ..................................................................................................................... | 29 | |
40 | FORM OF TRANSFER ................................................................................................ | 29 |
41 | RIGHT TO REFUSE REGISTRATION ........................................................................ | 29 |
42 | NOTICE OF AND REASONS FOR REFUSAL............................................................ | 30 |
43 | FEES ON REGISTRATION ......................................................................................... | 31 |
44 | INFORMATION RIGHTS AND FORCED TRANSFERS ............................................. | 31 |
45 | OTHER POWERS IN RELATION TO TRANSFERS................................................... | 33 |
TRANSMISSION OF SHARES ............................................................................................................. | 33 | |
46 | ON DEATH .................................................................................................................. | 33 |
47 | ELECTION OF PERSON ENTITLED BY TRANSMISSION........................................ | 33 |
48 | RIGHTS ON TRANSMISSION .................................................................................... | 34 |
DESTRUCTION OF DOCUMENTS ...................................................................................................... | 34 | |
49 | DESTRUCTION OF DOCUMENTS............................................................................. | 34 |
ALTERATION OF SHARE CAPITAL ................................................................................................... | 35 | |
50 | INCREASE, CONSOLIDATION, SUB-DIVISION AND REDENOMINATION ............. | 35 |
51 | FRACTIONS ................................................................................................................ | 36 |
52 | REDUCTION OF CAPITAL ......................................................................................... | 37 |
53 | PURCHASE OF OWN SHARES ................................................................................. | 37 |
VARIATION OF CLASS RIGHTS ......................................................................................................... | 37 | |
54 | SANCTION TO VARIATION ........................................................................................ | 37 |
2 |
55 | CLASS MEETINGS ..................................................................................................... | 38 |
56 | DEEMED VARIATION ................................................................................................. | 38 |
MEETINGS OF MEMBERS .................................................................................................................. | 38 | |
57 | ANNUAL GENERAL MEETINGS ................................................................................ | 38 |
58 | CONVENING OF GENERAL MEETING OTHER THAN ANNUAL GENERAL | |
MEETING..................................................................................................................... | 39 | |
59 | ELECTRONIC GENERAL MEETINGS........................................................................ | 39 |
60 | NOTICE OF GENERAL MEETINGS ........................................................................... | 40 |
61 | OMISSION TO SEND NOTICE OR NON-RECEIPT OF NOTICE .............................. | 40 |
62 | POSTPONEMENT OF GENERAL MEETINGS .......................................................... | 41 |
PROCEEDINGS AT GENERAL MEETINGS........................................................................................ | 41 | |
63 | QUORUM..................................................................................................................... | 41 |
64 | IF QUORUM NOT PRESENT...................................................................................... | 42 |
65 | CHAIRMAN .................................................................................................................. | 42 |
66 | ENTITLEMENT TO ATTEND AND SPEAK................................................................. | 42 |
67 | POWER TO ADJOURN ............................................................................................... | 42 |
68 | NOTICE OF ADJOURNED MEETING ........................................................................ | 43 |
69 | BUSINESS OF ADJOURNED MEETING.................................................................... | 43 |
70 | ACCOMMODATION OF MEMBERS AND SECURITY ARRANGEMENTS ............... | 43 |
71 | ORDERLY CONDUCT................................................................................................. | 44 |
VOTING AND POLLS ........................................................................................................................... | 44 | |
72 | METHOD OF VOTING................................................................................................. | 44 |
73 | CHAIRMAN'S DECLARATION CONCLUSIVE ON SHOW OF HANDS ..................... | 45 |
74 | OBJECTION TO OR ERROR IN VOTING .................................................................. | 45 |
75 | AMENDMENT TO RESOLUTIONS............................................................................. | 46 |
76 | PROCEDURE ON A POLL .......................................................................................... | 46 |
77 | VOTES OF MEMBERS................................................................................................ | 47 |
78 | VOTES OF JOINT HOLDERS ..................................................................................... | 47 |
79 | VOTES OF MEMBER SUFFERING INCAPACITY ..................................................... | 47 |
PROXIES AND CORPORATE REPRESENTATIVES.......................................................................... | 48 | |
80 | VOTING BY PROXY.................................................................................................... | 48 |
81 | FORM OF PROXY....................................................................................................... | 49 |
82 | DEPOSIT OR RECEIPT OF PROXY .......................................................................... | 50 |
83 | MAXIMUM VALIDITY OF PROXY AND REVOCATION OF PROXY ......................... | 51 |
84 | CORPORATE REPRESENTATIVES .......................................................................... | 52 |
3 |
85 | VALIDITY OF VOTES BY PROXIES AND CORPORATE REPRESENTATIVES ...... | 52 |
86 | FAILURE TO DISCLOSE INTERESTS IN SHARES................................................... | 52 |
UNTRACED MEMBERS ....................................................................................................................... | 55 | |
87 | POWER OF SALE ....................................................................................................... | 55 |
88 | APPLICATION OF PROCEEDS OF SALE ................................................................. | 57 |
APPOINTMENT, RETIREMENT AND REMOVAL OF DIRECTORS................................................... | 57 | |
89 | NUMBER OF DIRECTORS ......................................................................................... | 57 |
90 | POWER OF COMPANY TO APPOINT DIRECTORS ................................................. | 57 |
91 | POWER OF BOARD TO APPOINT DIRECTORS ...................................................... | 57 |
92 | ELIGIBILITY OF NEW DIRECTORS ........................................................................... | 58 |
93 | SHARE QUALIFICATION ............................................................................................ | 58 |
94 | RESOLUTION FOR APPOINTMENT OF TWO OR MORE DIRECTORS.................. | 58 |
95 | RETIREMENT AT ANNUAL GENERAL MEETINGS .................................................. | 58 |
96 | POSITION OF RETIRING DIRECTOR........................................................................ | 59 |
97 | DEEMED RE-APPOINTMENT .................................................................................... | 59 |
98 | REMOVAL BY ORDINARY RESOLUTION ................................................................. | 59 |
99 | VACATION OF OFFICE BY DIRECTOR..................................................................... | 60 |
100 | RESOLUTION AS TO VACANCY CONCLUSIVE....................................................... | 61 |
ALTERNATE DIRECTORS................................................................................................................... | 61 | |
101 | APPOINTMENTS......................................................................................................... | 61 |
102 | PARTICIPATION IN BOARD MEETINGS ................................................................... | 61 |
103 | ALTERNATE DIRECTOR RESPONSIBLE FOR OWN ACTS .................................... | 62 |
104 | INTERESTS OF ALTERNATE DIRECTOR................................................................. | 62 |
105 | REVOCATION OF APPOINTMENT ............................................................................ | 62 |
DIRECTORS' REMUNERATION, EXPENSES AND PENSIONS ........................................................ | 62 | |
106 | DIRECTORS' FEES..................................................................................................... | 63 |
107 | EXPENSES.................................................................................................................. | 63 |
108 | ADDITIONAL REMUNERATION ................................................................................. | 63 |
109 | PENSIONS AND OTHER BENEFITS ......................................................................... | 63 |
POWERS AND DUTIES OF THE BOARD ........................................................................................... | 64 | |
110 | POWERS OF THE BOARD ......................................................................................... | 64 |
111 | POWERS OF DIRECTORS IF LESS THAN MINIMUM NUMBER ............................. | 64 |
112 | POWERS OF EXECUTIVE DIRECTORS ................................................................... | 65 |
113 | DELEGATION TO COMMITTEES............................................................................... | 65 |
114 | DELEGATION TO INDIVIDUAL DIRECTORS ............................................................ | 66 |
4 |
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Urban Logistics Reit plc published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 14:54:08 UTC.