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:

18 Dec 2023

(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:

3,749,032

0.34%

1,444,855

0.13%

(2) Cash-settled derivatives:

1,107,401

0.10%

3,119,753

0.29%

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

0

0.00%

0

0.00%

TOTAL:

4,856,433

0.45%

4,564,608

0.42%

(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

560561

1.9900 GBP

1.9510 GBP

10p ordinary

Purchase

709388

1.9740 GBP

1.9526 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

Opening Long

2

1.9599 GBP

10p ordinary

SWAP

Opening Long

6

1.9610 GBP

10p ordinary

SWAP

Opening Long

158

1.9531 GBP

10p ordinary

SWAP

Opening Long

182

1.9570 GBP

10p ordinary

SWAP

Opening Long

199

1.9919 GBP

10p ordinary

SWAP

Opening Long

390

1.9587 GBP

10p ordinary

SWAP

Opening Long

488

1.9552 GBP

10p ordinary

SWAP

Opening Long

616

1.9600 GBP

10p ordinary

SWAP

Opening Long

631

1.9573 GBP

10p ordinary

CFD

Opening Long

708

1.9561 GBP

10p ordinary

SWAP

Opening Long

788

1.9628 GBP

10p ordinary

SWAP

Opening Long

2,501

1.9853 GBP

10p ordinary

SWAP

Opening Long

2,870

1.9634 GBP

10p ordinary

SWAP

Opening Long

3,289

1.9547 GBP

10p ordinary

CFD

Opening Long

3,858

1.9645 GBP

10p ordinary

SWAP

Opening Long

4,409

1.9723 GBP

10p ordinary

SWAP

Opening Long

5,997

1.9600 GBP

10p ordinary

CFD

Opening Long

11,872

1.9666 GBP

10p ordinary

CFD

Opening Long

13,413

1.9600 GBP

10p ordinary

CFD

Opening Long

15,799

1.9684 GBP

10p ordinary

CFD

Opening Long

19,050

1.9618 GBP

10p ordinary

CFD

Opening Long

28,772

1.9598 GBP

10p ordinary

SWAP

Opening Long

35,940

1.9600 GBP

10p ordinary

SWAP

Opening Long

36,609

1.9606 GBP

10p ordinary

CFD

Opening Long

37,630

1.9540 GBP

10p ordinary

SWAP

Opening Long

44,151

1.9578 GBP

10p ordinary

SWAP

Opening Short

6

1.9610 GBP

10p ordinary

SWAP

Opening Short

117

1.9542 GBP

10p ordinary

SWAP

Opening Short

557

1.9601 GBP

10p ordinary

SWAP

Opening Short

584

1.9654 GBP

10p ordinary

SWAP

Opening Short

933

1.9669 GBP

10p ordinary

SWAP

Opening Short

1,026

1.9609 GBP

10p ordinary

SWAP

Opening Short

1,109

1.9539 GBP

10p ordinary

SWAP

Opening Short

1,551

1.9560 GBP

10p ordinary

SWAP

Opening Short

1,920

1.9604 GBP

10p ordinary

SWAP

Opening Short

2,631

1.9597 GBP

10p ordinary

SWAP

Opening Short

3,321

1.9688 GBP

10p ordinary

SWAP

Opening Short

3,833

1.9930 GBP

10p ordinary

SWAP

Opening Short

4,679

1.9811 GBP

10p ordinary

SWAP

Opening Short

4,990

1.9652 GBP

10p ordinary

SWAP

Opening Short

29,769

1.9623 GBP

10p ordinary

SWAP

Opening Short

45,588

1.9600 GBP

10p ordinary

SWAP

Opening Short

61,974

1.9594 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:

19 Dec 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213