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:

22 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:

3,495,585

0.32%

7,431,782

0.68%

(2) Cash-settled derivatives:

7,235,876

0.66%

3,046,754

0.28%

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

0

0.00%

0

0.00%

TOTAL: 

10,731,461

0.98%

10,478,536

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

686645

1.8641 GBP

1.8380 GBP

10p ordinary

Purchase

745790

1.8546 GBP

1.8371 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

2

1.8460 GBP

10p ordinary

SWAP

Decreasing Long

3

1.8466 GBP

10p ordinary

SWAP

Decreasing Long

96

1.8605 GBP

10p ordinary

SWAP

Decreasing Long

562

1.8420 GBP

10p ordinary

SWAP

Decreasing Long

913

1.8574 GBP

10p ordinary

SWAP

Decreasing Long

2,429

1.8429 GBP

10p ordinary

SWAP

Decreasing Long

10,009

1.8435 GBP

10p ordinary

SWAP

Decreasing Long

12,771

1.8433 GBP

10p ordinary

SWAP

Decreasing Long

15,228

1.8506 GBP

10p ordinary

SWAP

Decreasing Long

28,024

1.8406 GBP

10p ordinary

SWAP

Decreasing Long

36,566

1.8460 GBP

10p ordinary

SWAP

Decreasing Short

196

1.8435 GBP

10p ordinary

SWAP

Decreasing Short

332

1.8449 GBP

10p ordinary

SWAP

Decreasing Short

575

1.8442 GBP

10p ordinary

CFD

Decreasing Short

3,680

1.8450 GBP

10p ordinary

CFD

Decreasing Short

7,277

1.8397 GBP

10p ordinary

SWAP

Decreasing Short

12,689

1.8463 GBP

10p ordinary

CFD

Decreasing Short

15,258

1.8463 GBP

10p ordinary

CFD

Decreasing Short

25,426

1.8394 GBP

10p ordinary

SWAP

Decreasing Short

25,912

1.8456 GBP

10p ordinary

SWAP

Increasing Long

17

1.8429 GBP

10p ordinary

SWAP

Increasing Long

52

1.8589 GBP

10p ordinary

SWAP

Increasing Long

503

1.8423 GBP

10p ordinary

SWAP

Increasing Long

4,635

1.8463 GBP

10p ordinary

SWAP

Increasing Long

6,382

1.8642 GBP

10p ordinary

SWAP

Increasing Long

7,062

1.8446 GBP

10p ordinary

SWAP

Increasing Long

10,281

1.8565 GBP

10p ordinary

SWAP

Increasing Long

11,518

1.8448 GBP

10p ordinary

SWAP

Increasing Long

11,526

1.8491 GBP

10p ordinary

SWAP

Increasing Long

13,229

1.8433 GBP

10p ordinary

SWAP

Increasing Long

14,326

1.8460 GBP

10p ordinary

SWAP

Increasing Long

14,921

1.8471 GBP

10p ordinary

SWAP

Increasing Long

16,648

1.8474 GBP

10p ordinary

SWAP

Increasing Short

2,013

1.8497 GBP

10p ordinary

SWAP

Increasing Short

2,741

1.8521 GBP

10p ordinary

CFD

Increasing Short

3,001

1.8460 GBP

10p ordinary

SWAP

Increasing Short

3,859

1.8385 GBP

10p ordinary

CFD

Increasing Short

6,656

1.8511 GBP

10p ordinary

SWAP

Increasing Short

7,900

1.8458 GBP

10p ordinary

CFD

Increasing Short

9,087

1.8459 GBP

10p ordinary

CFD

Increasing Short

18,217

1.8526 GBP

10p ordinary

SWAP

Opening Short

26

1.8438 GBP

10p ordinary

SWAP

Opening Short

227

1.8446 GBP

10p ordinary

SWAP

Opening Short

5,751

1.8460 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:

23 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213