Form 8.5 (EPT/NON-RI) - LXi REIT plc

Barclays PLC
01 March 2024
 

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:

LXI REIT 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:

29 Feb 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:

 LONDONMETRIC PROPERTY 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:

1p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

8,085,123

0.47%

7,881,661

0.46%

(2) Cash-settled derivatives:

7,496,529

0.44%

7,539,776

0.44%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

15,581,652

0.91%

15,421,437

0.90%

 








(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

1p ordinary

Purchase

3551806

0.9996  GBP

0.9904  GBP

1p ordinary

Sale

1337984

1.0042  GBP

0.9899  GBP

 








(b)

Cash-settled derivative transactions

Class of

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

1p ordinary

SWAP

Closing Short

452

0.9951  GBP

1p ordinary

SWAP

Closing Short

42,018

0.9938  GBP

1p ordinary

SWAP

Decreasing Long

535

0.9955  GBP

1p ordinary

SWAP

Decreasing Long

806

0.9980  GBP

1p ordinary

SWAP

Decreasing Long

1,127

0.9965  GBP

1p ordinary

SWAP

Decreasing Long

9,620

1.0006  GBP

1p ordinary

SWAP

Decreasing Long

19,922

0.9994  GBP

1p ordinary

SWAP

Decreasing Long

27,793

0.9981  GBP

1p ordinary

SWAP

Decreasing Long

30,794

0.9983  GBP

1p ordinary

SWAP

Decreasing Long

56,564

0.9982  GBP

1p ordinary

SWAP

Decreasing Short

11

0.9900  GBP

1p ordinary

CFD

Decreasing Short

91

0.9975  GBP

1p ordinary

SWAP

Decreasing Short

175

0.9966  GBP

1p ordinary

SWAP

Decreasing Short

996

1.0028  GBP

1p ordinary

SWAP

Decreasing Short

9,084

0.9968  GBP

1p ordinary

SWAP

Decreasing Short

11,818

1.0008  GBP

1p ordinary

SWAP

Decreasing Short

15,800

1.0009  GBP

1p ordinary

SWAP

Increasing Long

175

0.9905  GBP

1p ordinary

SWAP

Increasing Long

228

0.9971  GBP

1p ordinary

SWAP

Increasing Long

600

0.9944  GBP

1p ordinary

SWAP

Increasing Long

806

0.9869  GBP

1p ordinary

SWAP

Increasing Long

901

0.9904  GBP

1p ordinary

SWAP

Increasing Long

2,373

1.0042  GBP

1p ordinary

SWAP

Increasing Long

2,929

0.9987  GBP

1p ordinary

SWAP

Increasing Long

9,391

0.9997  GBP

1p ordinary

SWAP

Increasing Short

935

0.9959  GBP

1p ordinary

SWAP

Increasing Short

5,394

0.9996  GBP

1p ordinary

CFD

Increasing Short

8,178

0.9970  GBP

1p ordinary

SWAP

Increasing Short

30,553

0.9985  GBP

1p ordinary

CFD

Increasing Short

119,244

0.9905  GBP

1p ordinary

SWAP

Increasing Short

154,314

0.9973  GBP

1p ordinary

SWAP

Increasing Short

209,516

0.9950  GBP

1p ordinary

CFD

Increasing Short

230,665

0.9904  GBP

1p ordinary

CFD

Increasing Short

317,936

0.9975  GBP

1p ordinary

SWAP

Increasing Short

581,925

0.9905  GBP

1p ordinary

SWAP

Opening Short

383

0.9966  GBP

1p ordinary

SWAP

Opening Short

524

0.9966  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:

01 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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