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:

19 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:

3,434,330

0.31%

7,429,672

0.68%

(2) Cash-settled derivatives:

7,231,379

0.66%

3,078,673

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

10,665,709

0.98%

10,508,345

0.96%

(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

944476

1.8500 GBP

1.8240 GBP

10p ordinary

Purchase

218884

1.8520 GBP

1.8210 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 Long

170

1.8291 GBP

10p ordinary

SWAP

Closing Long

5,048

1.8441 GBP

10p ordinary

SWAP

Closing Long

5,154

1.8300 GBP

10p ordinary

SWAP

Closing Long

5,416

1.8255 GBP

10p ordinary

SWAP

Closing Long

6,839

1.8417 GBP

10p ordinary

SWAP

Closing Long

7,839

1.8377 GBP

10p ordinary

SWAP

Decreasing Long

218

1.8293 GBP

10p ordinary

SWAP

Decreasing Long

438

1.8297 GBP

10p ordinary

SWAP

Decreasing Long

444

1.8380 GBP

10p ordinary

SWAP

Decreasing Long

4,072

1.8404 GBP

10p ordinary

SWAP

Decreasing Long

16,094

1.8364 GBP

10p ordinary

SWAP

Decreasing Long

39,667

1.8332 GBP

10p ordinary

SWAP

Decreasing Short

52

1.8499 GBP

10p ordinary

SWAP

Decreasing Short

211

1.8499 GBP

10p ordinary

CFD

Decreasing Short

905

1.8323 GBP

10p ordinary

SWAP

Decreasing Short

968

1.8324 GBP

10p ordinary

SWAP

Decreasing Short

981

1.8424 GBP

10p ordinary

SWAP

Decreasing Short

1,171

1.8302 GBP

10p ordinary

SWAP

Decreasing Short

1,884

1.8307 GBP

10p ordinary

SWAP

Decreasing Short

4,519

1.8384 GBP

10p ordinary

CFD

Decreasing Short

11,011

1.8476 GBP

10p ordinary

CFD

Decreasing Short

11,180

1.8298 GBP

10p ordinary

SWAP

Decreasing Short

19,269

1.8344 GBP

10p ordinary

SWAP

Decreasing Short

22,209

1.8296 GBP

10p ordinary

CFD

Decreasing Short

36,564

1.8400 GBP

10p ordinary

SWAP

Increasing Long

65

1.8315 GBP

10p ordinary

SWAP

Increasing Long

1,283

1.8341 GBP

10p ordinary

SWAP

Increasing Long

1,481

1.8415 GBP

10p ordinary

SWAP

Increasing Long

2,861

1.8330 GBP

10p ordinary

SWAP

Increasing Long

5,155

1.8489 GBP

10p ordinary

SWAP

Increasing Long

6,295

1.8355 GBP

10p ordinary

SWAP

Increasing Long

8,478

1.8293 GBP

10p ordinary

SWAP

Increasing Long

8,853

1.8382 GBP

10p ordinary

SWAP

Increasing Long

23,134

1.8334 GBP

10p ordinary

SWAP

Increasing Long

37,471

1.8299 GBP

10p ordinary

SWAP

Increasing Long

121,139

1.8319 GBP

10p ordinary

SWAP

Increasing Long

122,256

1.8300 GBP

10p ordinary

SWAP

Increasing Long

178,604

1.8324 GBP

10p ordinary

SWAP

Increasing Long

255,139

1.8323 GBP

10p ordinary

SWAP

Increasing Short

200

1.8365 GBP

10p ordinary

SWAP

Increasing Short

2,640

1.8450 GBP

10p ordinary

CFD

Increasing Short

3,241

1.8323 GBP

10p ordinary

CFD

Increasing Short

18,889

1.8413 GBP

10p ordinary

CFD

Increasing Short

22,563

1.8300 GBP

10p ordinary

CFD

Increasing Short

35,000

1.8325 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:

22 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213