Director/PDMR Shareholding

RNS Number : 8904A
LXI REIT PLC
24 January 2020
 

24 January 2020

LXi REIT PLC

(the "Company")

(LEI: 2138008YZGXOKAXQVI45)

DIRECTOR/PDMR SHAREHOLDING

LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT,  announces in accordance with LR 9.6.17R that it, together with Peel Hunt LLP, has granted a waiver to the lock-up arrangements entered into with John Cartwright, a director of the Company, in connection with ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") acquired by him in satisfaction of his entitlement to receive directors' fees and has consented to the sale by John Cartwright of 42,814 Ordinary Shares to Calvi Capital Limited, a private limited company owned by John Cartwright and his spouse.

Following the above transaction, John Cartwright's total shareholding, together with those persons closely associated with him, remains unchanged and is 66,687 Ordinary Shares.

Enquiries:

Maria Matheou

 

PraxisIFM Fund Services (UK) Limited

020 7653 9690

Company Secretary

 

 

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation (No. 596/2014).

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

John Cartwright

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

LXi REIT plc

b)

 

LEI

 

 

 

2138008YZGXOKAXQVI45

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares 1 pence each

 

 

 

Identification code

ISIN

GB00BYQ46T41

 

 

b)

 

Nature of the transaction

 

 

Sale

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

134.2p per share

42,814

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

 

- Aggregated volume

42,814

 

 

- Price

Total price £5,745,638.8

 

 

e)

 

Date of the transaction

 

 

 23 January 2020

f)

 

Place of the transaction

 

 

Outside of trading venue

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Calvi Capital Limited

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Person closely associated with John Cartwright, a person discharging managerial responsibilities

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

LXi REIT plc

b)

 

LEI

 

2138008YZGXOKAXQVI45

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares 1 pence each

 

 

 

Identification code

ISIN

GB00BYQ46T41

 

 

b)

 

Nature of the transaction

 

 

Purchase

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

134.2p per share

42,814

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

 

- Aggregated volume

42,814

 

 

- Price

Total price £5,745,638.8

 

 

e)

 

Date of the transaction

 

 

 23 January 2020

f)

 

Place of the transaction

 

 

Outside of trading venue

 

END

 


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