Form 8.5 (EPT/NON-RI) - LondonMetric Property plc

Barclays PLC
12 January 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:

LONDONMETRIC PROPERTY 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:

11 Jan 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:

 LXI REIT 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:

10p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

3,995,054

0.37%

744,698

0.07%

(2) Cash-settled derivatives:

519,212

0.05%

3,702,717

0.34%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

4,514,266

0.41%

4,447,415

0.41%

 








(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

10p ordinary

Sale

584241

1.8790  GBP

1.8560  GBP

10p ordinary

Purchase

735543

1.8849  GBP

1.8532  GBP

 








(b)

Cash-settled derivative transactions

Class of

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

10p ordinary

SWAP

Closing Short

19,732

1.8711  GBP

10p ordinary

SWAP

Closing Short

49,706

1.8681  GBP

10p ordinary

SWAP

Decreasing Long

7

1.8601  GBP

10p ordinary

SWAP

Decreasing Long

11

1.8606  GBP

10p ordinary

SWAP

Decreasing Long

144

1.8782  GBP

10p ordinary

SWAP

Decreasing Long

2,730

1.8690  GBP

10p ordinary

SWAP

Decreasing Long

5,349

1.8659  GBP

10p ordinary

SWAP

Decreasing Long

5,426

1.8698  GBP

10p ordinary

SWAP

Decreasing Long

8,077

1.8648  GBP

10p ordinary

SWAP

Decreasing Long

13,578

1.8646  GBP

10p ordinary

SWAP

Decreasing Long

21,411

1.8651  GBP

10p ordinary

SWAP

Decreasing Long

26,232

1.8630  GBP

10p ordinary

SWAP

Decreasing Long

107,527

1.8671  GBP

10p ordinary

SWAP

Decreasing Short

2

1.8579  GBP

10p ordinary

SWAP

Decreasing Short

102

1.8739  GBP

10p ordinary

CFD

Decreasing Short

158

1.8725  GBP

10p ordinary

SWAP

Decreasing Short

196

1.8719  GBP

10p ordinary

SWAP

Decreasing Short

202

1.8503  GBP

10p ordinary

SWAP

Decreasing Short

900

1.8740  GBP

10p ordinary

SWAP

Decreasing Short

1,900

1.8758  GBP

10p ordinary

CFD

Decreasing Short

2,186

0.0000  GBP

10p ordinary

SWAP

Decreasing Short

2,334

1.8638  GBP

10p ordinary

SWAP

Decreasing Short

2,403

1.8644  GBP

10p ordinary

SWAP

Decreasing Short

4,212

1.8629  GBP

10p ordinary

SWAP

Decreasing Short

4,979

1.8683  GBP

10p ordinary

CFD

Decreasing Short

9,237

1.8593  GBP

10p ordinary

SWAP

Decreasing Short

10,734

1.8663  GBP

10p ordinary

SWAP

Decreasing Short

11,566

1.8633  GBP

10p ordinary

CFD

Decreasing Short

12,139

1.8735  GBP

10p ordinary

SWAP

Decreasing Short

13,388

1.8656  GBP

10p ordinary

SWAP

Decreasing Short

15,536

1.8687  GBP

10p ordinary

SWAP

Decreasing Short

37,792

1.8667  GBP

10p ordinary

SWAP

Decreasing Short

70,392

1.8630  GBP

10p ordinary

SWAP

Increasing Long

46

1.8739  GBP

10p ordinary

SWAP

Increasing Long

673

1.8709  GBP

10p ordinary

SWAP

Increasing Long

2,919

1.8664  GBP

10p ordinary

SWAP

Increasing Long

4,365

0.0000  GBP

10p ordinary

SWAP

Increasing Short

45

1.8690  GBP

10p ordinary

SWAP

Increasing Short

140

1.8737  GBP

10p ordinary

SWAP

Increasing Short

156

1.8533  GBP

10p ordinary

SWAP

Increasing Short

268

1.8660  GBP

10p ordinary

SWAP

Increasing Short

356

1.8760  GBP

10p ordinary

SWAP

Increasing Short

400

1.8749  GBP

10p ordinary

SWAP

Increasing Short

1,321

1.8738  GBP

10p ordinary

SWAP

Increasing Short

1,566

1.8811  GBP

10p ordinary

CFD

Increasing Short

2,274

1.8535  GBP

10p ordinary

SWAP

Increasing Short

2,634

1.8849  GBP

10p ordinary

SWAP

Increasing Short

5,063

1.8677  GBP

10p ordinary

SWAP

Increasing Short

6,726

1.8761  GBP

10p ordinary

SWAP

Increasing Short

8,528

0.0000  GBP

10p ordinary

SWAP

Increasing Short

16,930

1.8756  GBP

10p ordinary

SWAP

Increasing Short

17,820

1.8688  GBP

10p ordinary

SWAP

Opening Long

622

0.0000  GBP

10p ordinary

SWAP

Opening Long

1,797

1.8674  GBP

10p ordinary

SWAP

Opening Long

5,429

1.8629  GBP

10p ordinary

SWAP

Opening Long

5,429

1.8630  GBP

10p ordinary

SWAP

Opening Long

13,305

1.8648  GBP

10p ordinary

SWAP

Opening Long

83,413

1.8630  GBP

10p ordinary

SWAP

Opening Long

89,837

1.8633  GBP

10p ordinary

SWAP

Opening Short

210,000

1.8643  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:

12 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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