Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Post-offer intentions with regard to LXi REIT plc

6th Mar 2025 07:00

RNS Number : 5379Z
LondonMetric Property PLC
06 March 2025
 

 

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

 

6 March 2025

 

LONDONMETRIC PROPERTY PLC

 

Confirmation with respect to stated post-offer intentions with regard to LXi REIT plc

 

LondonMetric Property Plc ("LondonMetric"), announces that, further to the completion of its recommended all-share merger with LXi REIT plc ("LXi") (pursuant to which LondonMetric acquired the entire issued and to be issued ordinary share capital of LXi), which was implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006 and which became effective on 5 March 2024, the board of directors of LondonMetric has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that LondonMetric has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in LondonMetric's announcement of 11 January 2024 and LXi's scheme document published on 6 February 2024.

 

Enquiries:

 

LondonMetric Property Plc

Andrew Jones, Chief Executive

+44 (0) 20 7484 9000

Martin McGann, Finance Director

Gareth Price, Investor Relations

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
OUPUVVBRVAUORAR

Related Shares:

LondonMetric
FTSE 100 Latest
Value8,543.97
Change-114.88