Director/PDMR Shareholding

RNS Number : 3588U
LXI REIT PLC
27 March 2023
 

27 March 2023

LXi REIT plc

(the "Company" or the "Group")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMR")

 

The Company has been notified that following an internal reorganisation of entities within the Prestbury Investment Holdings Limited group, 44,301,565 shares in LXI REIT plc formerly held by PIHL Property LLP have been distributed up the chain of ownership to its parent company, Prestbury Investment Holdings Limited.  The transfers have been undertaken to allow for the winding up of subsidiary entities no longer serving any purpose in the Prestbury group. PIHL Property LLP and Prestbury Investment Holdings Limited are both PCA's of Nick Leslau (a Non-Executive Director of the Company). The ultimate beneficial ownership of the LXI shares remains unchanged following the transfers with Nick Leslau and his persons closely associated, being interested in a total of 95,978,407 LXI shares, representing 5.6% of the issued share capital of the Company.

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 

Notification and public disclosure of Prestbury Investment Holdings Limited and PIHL Property LLP

 

1.

Details of PDMR / person closely associated with them

a)

Name

Prestbury Investment Holdings Limited and PIHL Property LLP

2.

Reason for the notification

a)

Position / status

PCA of Nick Leslau (a Director of the Company)

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

 

Identification Code

Ordinary shares 1 penny each

ISIN

GB00BYQ46T41

b)

Nature of the transaction

Transfer of shares between entities connected to Nick Leslau for nil consideration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Not applicable

44,301,565

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

44,301,565

e)

Date of the transaction

24 March 2023

f)

Place of the transaction

Outside a trading venue

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

LXI REIT Advisors Limited

Simon Lee (Partner, Fund Manager)

John White (Partner, Fund Manager)

Freddie Brooks (CFO)

Via H/Advisors Maitland



H/Advisors Maitland (Communications Advisor)

James Benjamin / Rachel Cohen

07747 113 930 / 020 7379 5151

lxireit-maitland@h-advisors.global

 

The Company's LEI is: 2138008YZGXOKAXQVI45

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Companies

LXI Reit (LXI)
UK 100