Form 8.5 (EPT/NON-RI) - LondonMetric Property plc

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

LONDONMETRIC PROPERTY PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

LONDONMETRIC PROPERTY PLC

(d)

Date position held/dealing undertaken:

29 Feb 2024

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: LXI REIT PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

4,202,947

0.38%

11,447,842

1.05%

(2) Cash-settled derivatives:

10,930,000

1.00%

3,679,260

0.34%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

15,132,947

1.38%

15,127,102

1.38%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10p ordinary

Sale

2755098

1.8365 GBP

1.8047 GBP

10p ordinary

Purchase

3403545

1.8320 GBP

1.8029 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

SWAP

Decreasing Long

271

1.8250 GBP

10p ordinary

SWAP

Decreasing Long

438

1.8260 GBP

10p ordinary

SWAP

Decreasing Long

1,671

1.8160 GBP

10p ordinary

SWAP

Decreasing Long

2,194

1.8179 GBP

10p ordinary

SWAP

Decreasing Long

3,357

1.8190 GBP

10p ordinary

SWAP

Decreasing Long

5,008

1.8186 GBP

10p ordinary

SWAP

Decreasing Long

16,907

1.8221 GBP

10p ordinary

SWAP

Decreasing Long

58,077

1.8199 GBP

10p ordinary

SWAP

Decreasing Long

59,586

1.8223 GBP

10p ordinary

SWAP

Decreasing Long

82,536

1.8042 GBP

10p ordinary

SWAP

Decreasing Long

166,324

1.8197 GBP

10p ordinary

SWAP

Decreasing Long

389,337

1.8115 GBP

10p ordinary

SWAP

Decreasing Long

494,158

1.8040 GBP

10p ordinary

SWAP

Decreasing Short

665

1.8119 GBP

10p ordinary

SWAP

Decreasing Short

704

1.8287 GBP

10p ordinary

SWAP

Decreasing Short

2,166

1.8312 GBP

10p ordinary

CFD

Decreasing Short

3,760

1.8210 GBP

10p ordinary

SWAP

Decreasing Short

3,940

1.8171 GBP

10p ordinary

SWAP

Decreasing Short

4,749

1.8049 GBP

10p ordinary

CFD

Decreasing Short

7,363

1.8160 GBP

10p ordinary

CFD

Decreasing Short

30,666

1.8098 GBP

10p ordinary

CFD

Decreasing Short

59,489

1.8167 GBP

10p ordinary

CFD

Decreasing Short

121,084

1.8170 GBP

10p ordinary

SWAP

Decreasing Short

125,000

1.8072 GBP

10p ordinary

SWAP

Decreasing Short

125,000

1.8235 GBP

10p ordinary

SWAP

Decreasing Short

125,000

1.8279 GBP

10p ordinary

SWAP

Increasing Long

318

1.8110 GBP

10p ordinary

SWAP

Increasing Long

1,671

1.8160 GBP

10p ordinary

SWAP

Increasing Long

2,276

1.8126 GBP

10p ordinary

SWAP

Increasing Long

2,826

1.8120 GBP

10p ordinary

SWAP

Increasing Long

25,352

1.8258 GBP

10p ordinary

SWAP

Increasing Long

223,346

1.8091 GBP

10p ordinary

SWAP

Increasing Long

257,708

1.8111 GBP

10p ordinary

CFD

Increasing Short

922

1.8216 GBP

10p ordinary

SWAP

Increasing Short

1,089

1.8191 GBP

10p ordinary

CFD

Increasing Short

1,210

1.8161 GBP

10p ordinary

SWAP

Increasing Short

1,281

1.8298 GBP

10p ordinary

SWAP

Increasing Short

1,417

1.8125 GBP

10p ordinary

SWAP

Increasing Short

3,111

1.8192 GBP

10p ordinary

SWAP

Increasing Short

3,200

1.8235 GBP

10p ordinary

SWAP

Increasing Short

3,531

1.8227 GBP

10p ordinary

SWAP

Increasing Short

5,985

1.8173 GBP

10p ordinary

SWAP

Increasing Short

6,081

1.8093 GBP

10p ordinary

SWAP

Increasing Short

6,141

1.8249 GBP

10p ordinary

SWAP

Increasing Short

7,167

1.8188 GBP

10p ordinary

SWAP

Increasing Short

10,400

1.8052 GBP

10p ordinary

SWAP

Increasing Short

15,642

1.8115 GBP

10p ordinary

SWAP

Increasing Short

16,784

1.8161 GBP

10p ordinary

SWAP

Increasing Short

28,087

1.8040 GBP

10p ordinary

SWAP

Increasing Short

28,929

1.8196 GBP

10p ordinary

CFD

Increasing Short

97,123

1.8041 GBP

10p ordinary

CFD

Increasing Short

491,045

1.8040 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

01 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213