Statement regarding press speculation

RNS Number : 3315L

LXI REIT PLC

09 September 2021

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

LXi REIT plc ("LXi REIT")

Statement regarding press speculation

Further to recent press speculation, the Board of LXi REIT (ticker: LXI) confirms that it was involved in very preliminary discussions with Secure Income REIT plc (ticker: SIR) ("Secure Income REIT") around a potential merger of the two businesses, but that it is no longer reviewing this opportunity.  

FOR FURTHER INFORMATION, PLEASE CONTACT:

LXI REIT Advisors Limited John White, Simon Lee, Freddie Brooks	Via Maitland/AMO
Jefferies International  Limited Ed Matthews , Tom Yeadon, Paul Bundred	020 7029 8000 [e-mail]
Peel Hunt LLP Luke Simpson, Liz Yong	020 7418 8900
Maitland/AMO (Communications Adviser) James Benjamin	07747 113 930 [e-mail]

This announcement constitutes a statement pursuant to Rule 2.8 of the Code and accordingly, LXi REIT is bound by the restrictions under Rule 2.8 of the Code for six months following the date of this announcement. For the purpose of Rule 2.8 of the Code, LXi REIT, and any person(s) acting in concert with it, reserve the right to make or participate in an offer, or possible offer, for Secure Income REIT (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within six months of the date of this announcement:

a)  with the agreement of the Board of Directors of Secure Income REIT;

b)  following the announcement of a firm intention to make an offer for Secure Income REIT by or on behalf of a third party;

c)  following the announcement by Secure Income REIT of a "whitewash" (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or

d)  where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The release, publication or distribution of this announcement in whole or in part, directly or indirectly, in, into or from certain jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.  Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

The Company's LEI is: 2138008YZGXOKAXQVI45

 

END

 

 

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