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:

23 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:

4,413,687

0.40%

11,907,218

1.09%

(2) Cash-settled derivatives:

11,529,407

1.05%

4,076,723

0.37%

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

0

0.00%

0

0.00%

TOTAL: 

15,943,094

1.46%

15,983,941

1.46%

(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

1405658

1.8916 GBP

1.8772 GBP

10p ordinary

Purchase

659103

1.8910 GBP

1.8752 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

210

1.8790 GBP

10p ordinary

SWAP

Decreasing Long

250

1.8813 GBP

10p ordinary

SWAP

Decreasing Long

399

1.8815 GBP

10p ordinary

SWAP

Decreasing Long

1,127

1.8720 GBP

10p ordinary

SWAP

Decreasing Long

1,715

1.8888 GBP

10p ordinary

SWAP

Decreasing Long

2,010

1.8847 GBP

10p ordinary

SWAP

Decreasing Long

11,063

1.8900 GBP

10p ordinary

SWAP

Decreasing Long

17,619

1.8805 GBP

10p ordinary

CFD

Decreasing Short

1

1.8800 GBP

10p ordinary

SWAP

Decreasing Short

300

1.8916 GBP

10p ordinary

CFD

Decreasing Short

1,100

1.9028 GBP

10p ordinary

CFD

Decreasing Short

3,052

1.8893 GBP

10p ordinary

CFD

Decreasing Short

13,429

1.8870 GBP

10p ordinary

CFD

Decreasing Short

25,423

1.8838 GBP

10p ordinary

CFD

Decreasing Short

28,676

1.8840 GBP

10p ordinary

SWAP

Decreasing Short

200,000

1.8797 GBP

10p ordinary

SWAP

Increasing Long

383

1.8793 GBP

10p ordinary

SWAP

Increasing Long

728

1.8818 GBP

10p ordinary

SWAP

Increasing Long

1,301

1.8880 GBP

10p ordinary

SWAP

Increasing Long

2,300

1.8810 GBP

10p ordinary

SWAP

Increasing Long

2,815

1.8825 GBP

10p ordinary

SWAP

Increasing Long

29,100

1.8828 GBP

10p ordinary

SWAP

Increasing Long

55,163

1.8821 GBP

10p ordinary

SWAP

Increasing Long

97,401

1.8840 GBP

10p ordinary

CFD

Increasing Short

32

1.8790 GBP

10p ordinary

SWAP

Increasing Short

696

1.8900 GBP

10p ordinary

SWAP

Increasing Short

5,191

1.8845 GBP

10p ordinary

SWAP

Increasing Short

5,666

1.8863 GBP

10p ordinary

CFD

Increasing Short

6,358

1.8808 GBP

10p ordinary

CFD

Increasing Short

8,910

1.8871 GBP

10p ordinary

SWAP

Increasing Short

37,358

1.8837 GBP

10p ordinary

SWAP

Increasing Short

48,176

1.8888 GBP

10p ordinary

SWAP

Increasing Short

64,500

1.8876 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:

26 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213