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Achilles Investment Calls for Leadership Changes at Urban Logistics REIT

Story Highlights
  • Achilles Investment and partners call for a meeting to change Urban Logistics REIT leadership.
  • New directors are expected to conduct a strategic review to enhance shareholder value.
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Achilles Investment Calls for Leadership Changes at Urban Logistics REIT

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Achilles Investment Company Limited ( (GB:AIC) ) just unveiled an announcement.

Achilles Investment Company Limited, along with Waverton Investment Management Limited, TR Property Investment Trust plc, and Harwood Capital LLP, which collectively manage approximately 8.8% of Urban Logistics REIT plc’s share capital, has requisitioned an Extraordinary General Meeting. The meeting aims to propose the removal of certain directors and the appointment of new ones, including Robert Naylor as Non-Executive Chairman. The new leadership is expected to work with the existing board to conduct a strategic review to maximize shareholder value.

More about Achilles Investment Company Limited

YTD Price Performance: 1.47%

Average Trading Volume: 22,116

See more data about AIC stock on TipRanks’ Stock Analysis page.

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