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:

14 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:

3,244,618

0.30%

10,921,215

1.00%

(2) Cash-settled derivatives:

10,510,757

0.96%

2,921,823

0.27%

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

0

0.00%

0

0.00%

TOTAL:

13,755,375

1.26%

13,843,038

1.27%

(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

179229

1.8827 GBP

1.8590 GBP

10p ordinary

Purchase

197925

1.8825 GBP

1.8590 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

196

1.8612 GBP

10p ordinary

SWAP

Decreasing Long

220

1.8650 GBP

10p ordinary

SWAP

Decreasing Long

249

1.8613 GBP

10p ordinary

SWAP

Decreasing Long

468

1.8740 GBP

10p ordinary

SWAP

Decreasing Long

591

1.8598 GBP

10p ordinary

SWAP

Decreasing Long

790

1.8800 GBP

10p ordinary

SWAP

Decreasing Long

1,309

1.8717 GBP

10p ordinary

SWAP

Decreasing Long

1,543

1.8630 GBP

10p ordinary

SWAP

Decreasing Long

1,971

1.8587 GBP

10p ordinary

SWAP

Decreasing Long

5,101

1.8655 GBP

10p ordinary

SWAP

Decreasing Long

8,434

1.8652 GBP

10p ordinary

SWAP

Decreasing Long

14,045

1.8589 GBP

10p ordinary

SWAP

Decreasing Long

16,881

1.8592 GBP

10p ordinary

SWAP

Decreasing Long

25,503

1.8590 GBP

10p ordinary

SWAP

Decreasing Long

26,679

1.8615 GBP

10p ordinary

SWAP

Decreasing Short

159

1.8769 GBP

10p ordinary

SWAP

Decreasing Short

1,688

1.8726 GBP

10p ordinary

SWAP

Decreasing Short

3,965

1.8685 GBP

10p ordinary

CFD

Decreasing Short

7,848

1.8661 GBP

10p ordinary

CFD

Decreasing Short

23,770

1.8590 GBP

10p ordinary

SWAP

Increasing Long

55

1.8769 GBP

10p ordinary

SWAP

Increasing Long

105

1.8759 GBP

10p ordinary

SWAP

Increasing Long

126

1.8809 GBP

10p ordinary

SWAP

Increasing Long

139

1.8722 GBP

10p ordinary

SWAP

Increasing Long

304

1.8750 GBP

10p ordinary

SWAP

Increasing Long

393

1.8700 GBP

10p ordinary

SWAP

Increasing Long

455

1.8799 GBP

10p ordinary

SWAP

Increasing Long

674

1.8750 GBP

10p ordinary

SWAP

Increasing Long

1,062

1.8670 GBP

10p ordinary

SWAP

Increasing Long

1,667

1.8755 GBP

10p ordinary

SWAP

Increasing Long

2,567

1.8740 GBP

10p ordinary

SWAP

Increasing Long

2,788

1.8768 GBP

10p ordinary

SWAP

Increasing Long

10,174

1.8772 GBP

10p ordinary

SWAP

Increasing Long

14,514

1.8734 GBP

10p ordinary

SWAP

Increasing Long

24,888

1.8703 GBP

10p ordinary

SWAP

Increasing Long

26,591

1.8729 GBP

10p ordinary

SWAP

Increasing Short

2,856

1.8717 GBP

10p ordinary

SWAP

Increasing Short

3,200

1.8598 GBP

10p ordinary

SWAP

Increasing Short

6,800

1.8675 GBP

10p ordinary

CFD

Increasing Short

8,544

1.8667 GBP

10p ordinary

CFD

Increasing Short

13,810

1.8757 GBP

10p ordinary

SWAP

Increasing Short

21,327

1.8641 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:

15 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213