TR-1: Standard form for notification of major holdings
INDUSTRIALS REIT LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
("Industrials REIT" or the "Company")
TR-1: STANDARD FORM FOR NOTIFICATION OF MAJOR HOLDINGS
1. Issuer Details
ISIN
GG00BFWMR296
Issuer Name
Industrials REIT Limited
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Aggregate of abrdn plc affiliated investment management entities with delegated voting
rights on behalf of multiple managed portfolios
City of registered office (if applicable)
Edinburgh
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
25-Apr-2023
6. Date on which Issuer notified
26-Apr-2023
7. Total positions of person(s) subject to the notification obligation
% of voting rights Total number
% of voting rights through financial of voting
attacjed to shares instruments (total of Total of both in rights held in
. (total of 8.A) 8.B 1 8.B2 issuer
Resulting situation
on the date on which
threshold was Below 5% 0.000000 Below 5% Below 5%
crossed or reached
Position of previous
notification (if 5.644996 0.000000 5.644996
applicable)
8. Notified details of the resulting situation on the date on which the threshold was
crossed or reached
8A. Voting rights attached to shares
Class/Type of shares Number of direct Number of indirect
ISIN code(if voting rights voting rights % of direct voting % of indirect voting
possible) (DTR5.1) (DTR5.2.1) rights (DTR5.1) rights (DTR5.2.1)
GG00BFWMR296 Below 5% Below 5%
Sub Total 8.A Below 5% Below 5%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Number of voting rights that may be % of
Type of financial Expiration Exercise/conversion acquired if the instrument is voting
instrument date period exercised/converted rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))
Type of Expiration Exercise/conversion Physical or cash Number of voting % of voting
financial date period settlement rights rights
instrument
Sub Total 8.B2
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial
instruments are effectively held starting with the ultimate controlling natural person or legal
entities (please add additional rows as necessary)
% of voting rights % of voting rights through Total of both if it
Ultimate controlling Name of controlled if it equals or is financial instruments if it equals or is higher
person undertaking higher than the equals or is higher than than the notifiable
notifiable threshold the notifiable threshold threshold
abrdn plc
abrdn
abrdn plc Holdings
Limited
abrdn
abrdn plc Investments
Limited
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
In reference to Section 9, the shares detailed are managed by the named discretionary
investment management entity within multiple portfolios on behalf of underlying clients,
based on investment management agreements whereby the client has delegated the exercise
of the voting power to the referenced investment manager.
This disclosure also reflects the fact that the voting rights effectively held indirectly by the
underlying intermediate holding company abrdn Holdings Limited (“aHL”) and held by the
underlying investment management entity abrdn Investments Limited (“aIL”) decreased
below the 5% notifiable threshold due to trading on 25 April 2023. Prior to this crossing,
“aHL” effectively held and “aIL” held 5.091861% of the delegated voting rights.
12. Date of Completion
26-Apr-2023
13. Place of Completion
Aberdeen, United Kingdom
28 April 2023
For further information:
Industrials REIT Limited 44(0)20 3918 6600
Paul Arenson (paul.arenson@industrials.co.uk)
Julian Carey (julian.carey@industrials.co.uk)
James Beaumont (james.beaumont@industrials.co.uk)
Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
FTI Consulting (PR Adviser) 44(0)20 3727 1000
Richard Sunderland
Richard Gotla
Neel Bose
industrialsreit@fticonsulting.com
Java Capital 27 (0)11 722 3050
(JSE Sponsor)
About Industrials REIT:
Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the
Johannesburg Stock Exchange. The objective of the Company is to deliver a combination of sustainable growing income
and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK
purpose built multi-let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in
the UK. For further information, go to www.industrialsreit.com.
Date: 28-04-2023 12:30:00
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