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:

16 Jan 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:

3,591,721

0.33%

4,078,678

0.37%

(2) Cash-settled derivatives:

3,923,164

0.36%

3,254,487

0.30%

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

0

0.00%

0

0.00%

TOTAL: 

7,514,885

0.69%

7,333,165

0.67%

(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

1722988

1.9450 GBP

1.9120 GBP

10p ordinary

Purchase

336750

1.9480 GBP

1.9120 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

Closing Short

34

1.9290 GBP

10p ordinary

SWAP

Closing Short

144

1.9279 GBP

10p ordinary

SWAP

Closing Short

195

1.9191 GBP

10p ordinary

SWAP

Decreasing Long

1,280

1.9255 GBP

10p ordinary

SWAP

Decreasing Long

5,562

1.9461 GBP

10p ordinary

SWAP

Decreasing Long

23,198

1.9237 GBP

10p ordinary

SWAP

Decreasing Long

31,490

1.9223 GBP

10p ordinary

SWAP

Decreasing Long

33,238

1.9394 GBP

10p ordinary

CFD

Decreasing Short

51

1.9427 GBP

10p ordinary

SWAP

Decreasing Short

1,396

1.9351 GBP

10p ordinary

CFD

Decreasing Short

1,904

1.9325 GBP

10p ordinary

SWAP

Decreasing Short

3,349

1.9338 GBP

10p ordinary

CFD

Decreasing Short

4,032

1.9423 GBP

10p ordinary

CFD

Decreasing Short

5,316

1.9215 GBP

10p ordinary

CFD

Decreasing Short

14,459

1.9241 GBP

10p ordinary

CFD

Decreasing Short

16,215

1.9230 GBP

10p ordinary

SWAP

Decreasing Short

21,401

1.9300 GBP

10p ordinary

SWAP

Increasing Long

1,175

1.9271 GBP

10p ordinary

SWAP

Increasing Long

2,200

1.9440 GBP

10p ordinary

SWAP

Increasing Long

2,583

1.9266 GBP

10p ordinary

SWAP

Increasing Long

4,770

1.9252 GBP

10p ordinary

SWAP

Increasing Long

6,711

1.9299 GBP

10p ordinary

SWAP

Increasing Long

6,770

1.9251 GBP

10p ordinary

SWAP

Increasing Long

122,534

1.9230 GBP

10p ordinary

SWAP

Increasing Long

144,350

1.9321 GBP

10p ordinary

SWAP

Increasing Long

169,419

1.9253 GBP

10p ordinary

SWAP

Increasing Long

213,194

1.9301 GBP

10p ordinary

SWAP

Increasing Long

447,228

1.9261 GBP

10p ordinary

CFD

Increasing Short

5,740

1.9205 GBP

10p ordinary

SWAP

Opening Long

1,403

1.9244 GBP

10p ordinary

SWAP

Opening Long

1,502

1.9269 GBP

10p ordinary

SWAP

Opening Long

2,340

1.9207 GBP

10p ordinary

SWAP

Opening Long

8,122

1.9204 GBP

10p ordinary

SWAP

Opening Long

10,800

1.9212 GBP

10p ordinary

SWAP

Opening Long

26,909

1.9318 GBP

10p ordinary

SWAP

Opening Long

30,735

1.9264 GBP

10p ordinary

SWAP

Opening Long

55,848

1.9270 GBP

10p ordinary

SWAP

Opening Long

59,415

1.9388 GBP

10p ordinary

SWAP

Opening Long

68,593

1.9229 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:

17 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213