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:

28 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:

3,906,019

0.36%

11,799,357

1.08%

(2) Cash-settled derivatives:

11,438,378

1.05%

3,548,502

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

15,344,397

1.40%

15,347,859

1.40%

(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

1379790

1.8398 GBP

1.7940 GBP

10p ordinary

Purchase

1302603

1.8310 GBP

1.7940 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

1,709

1.8105 GBP

10p ordinary

SWAP

Decreasing Long

1,782

1.8205 GBP

10p ordinary

SWAP

Decreasing Long

1,832

1.8198 GBP

10p ordinary

SWAP

Decreasing Long

2,080

1.8237 GBP

10p ordinary

SWAP

Decreasing Long

2,454

1.8158 GBP

10p ordinary

SWAP

Decreasing Long

2,670

1.8272 GBP

10p ordinary

SWAP

Decreasing Long

4,948

1.8174 GBP

10p ordinary

SWAP

Decreasing Long

5,870

1.7975 GBP

10p ordinary

SWAP

Decreasing Long

24,695

1.8121 GBP

10p ordinary

SWAP

Decreasing Long

30,860

1.8170 GBP

10p ordinary

SWAP

Decreasing Long

40,485

1.8136 GBP

10p ordinary

SWAP

Decreasing Long

62,511

1.8092 GBP

10p ordinary

SWAP

Decreasing Long

79,093

1.8180 GBP

10p ordinary

SWAP

Decreasing Long

128,102

1.8081 GBP

10p ordinary

SWAP

Decreasing Long

163,186

1.8150 GBP

10p ordinary

SWAP

Decreasing Long

243,448

1.8123 GBP

10p ordinary

SWAP

Decreasing Short

1,131

1.8159 GBP

10p ordinary

SWAP

Decreasing Short

1,707

1.8057 GBP

10p ordinary

SWAP

Decreasing Short

8,100

1.8170 GBP

10p ordinary

SWAP

Decreasing Short

9,770

1.8220 GBP

10p ordinary

SWAP

Decreasing Short

12,337

1.8132 GBP

10p ordinary

SWAP

Decreasing Short

15,192

1.8098 GBP

10p ordinary

SWAP

Decreasing Short

15,304

1.8219 GBP

10p ordinary

CFD

Decreasing Short

25,558

1.8178 GBP

10p ordinary

SWAP

Decreasing Short

65,219

1.8114 GBP

10p ordinary

SWAP

Decreasing Short

200,000

1.8116 GBP

10p ordinary

SWAP

Decreasing Short

266,000

1.8273 GBP

10p ordinary

SWAP

Increasing Long

1,092

1.8170 GBP

10p ordinary

SWAP

Increasing Long

1,469

1.8270 GBP

10p ordinary

SWAP

Increasing Long

1,488

1.8207 GBP

10p ordinary

SWAP

Increasing Long

1,782

1.8205 GBP

10p ordinary

SWAP

Increasing Long

2,056

1.8008 GBP

10p ordinary

SWAP

Increasing Long

2,682

1.8201 GBP

10p ordinary

SWAP

Increasing Long

3,594

1.8048 GBP

10p ordinary

SWAP

Increasing Long

4,590

1.8022 GBP

10p ordinary

SWAP

Increasing Long

11,632

1.7964 GBP

10p ordinary

SWAP

Increasing Long

200,559

1.8127 GBP

10p ordinary

SWAP

Increasing Long

209,398

1.8126 GBP

10p ordinary

SWAP

Increasing Short

100

1.8270 GBP

10p ordinary

SWAP

Increasing Short

150

1.8273 GBP

10p ordinary

SWAP

Increasing Short

435

1.8244 GBP

10p ordinary

SWAP

Increasing Short

467

1.8500 GBP

10p ordinary

SWAP

Increasing Short

489

1.8180 GBP

10p ordinary

SWAP

Increasing Short

919

1.8180 GBP

10p ordinary

SWAP

Increasing Short

5,879

1.8090 GBP

10p ordinary

SWAP

Increasing Short

8,300

1.8003 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:

29 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213