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

Barclays PLC
15 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:

12 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:

3,902,823

0.36%

2,045,662

0.19%

(2) Cash-settled derivatives:

1,711,051

0.16%

3,572,839

0.33%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

5,613,874

0.51%

5,618,501

0.51%

 








(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

2117704

1.9115  GBP

1.8820  GBP

10p ordinary

Purchase

724509

1.9115  GBP

1.8630  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 Long

523

1.8821  GBP

10p ordinary

SWAP

Closing Long

2,717

1.8900  GBP

10p ordinary

SWAP

Closing Long

3,501

1.8781  GBP

10p ordinary

SWAP

Closing Long

5,984

1.8932  GBP

10p ordinary

SWAP

Closing Long

6,537

1.8938  GBP

10p ordinary

SWAP

Closing Long

13,870

1.8934  GBP

10p ordinary

SWAP

Closing Long

47,122

1.8962  GBP

10p ordinary

SWAP

Closing Short

181,273

1.9015  GBP

10p ordinary

SWAP

Decreasing Long

5,426

1.9040  GBP

10p ordinary

SWAP

Decreasing Long

35,205

1.8630  GBP

10p ordinary

SWAP

Decreasing Long

47,356

1.8969  GBP

10p ordinary

SWAP

Decreasing Short

49

1.9000  GBP

10p ordinary

SWAP

Decreasing Short

61

1.9009  GBP

10p ordinary

CFD

Decreasing Short

112

1.9037  GBP

10p ordinary

SWAP

Decreasing Short

685

1.8908  GBP

10p ordinary

SWAP

Decreasing Short

698

1.8909  GBP

10p ordinary

SWAP

Decreasing Short

913

1.9020  GBP

10p ordinary

SWAP

Decreasing Short

964

1.9004  GBP

10p ordinary

SWAP

Decreasing Short

1,130

1.9023  GBP

10p ordinary

SWAP

Decreasing Short

1,409

1.9008  GBP

10p ordinary

SWAP

Decreasing Short

1,720

1.8904  GBP

10p ordinary

SWAP

Decreasing Short

2,154

1.9039  GBP

10p ordinary

SWAP

Decreasing Short

2,316

1.8901  GBP

10p ordinary

SWAP

Decreasing Short

2,360

1.9010  GBP

10p ordinary

SWAP

Decreasing Short

2,552

1.8950  GBP

10p ordinary

SWAP

Decreasing Short

3,400

1.8996  GBP

10p ordinary

SWAP

Decreasing Short

7,618

1.8959  GBP

10p ordinary

CFD

Decreasing Short

7,786

1.9038  GBP

10p ordinary

SWAP

Decreasing Short

11,554

1.9078  GBP

10p ordinary

CFD

Decreasing Short

13,982

1.9011  GBP

10p ordinary

SWAP

Decreasing Short

18,747

1.8987  GBP

10p ordinary

CFD

Decreasing Short

26,167

1.8965  GBP

10p ordinary

CFD

Decreasing Short

151,199

1.9039  GBP

10p ordinary

SWAP

Increasing Long

359

1.9024  GBP

10p ordinary

SWAP

Increasing Long

849

1.9028  GBP

10p ordinary

SWAP

Increasing Long

1,228

1.8925  GBP

10p ordinary

SWAP

Increasing Long

4,022

1.8993  GBP

10p ordinary

SWAP

Increasing Long

5,426

1.9039  GBP

10p ordinary

SWAP

Increasing Long

5,486

1.8983  GBP

10p ordinary

SWAP

Increasing Long

14,494

1.9040  GBP

10p ordinary

SWAP

Increasing Long

62,945

1.8962  GBP

10p ordinary

SWAP

Increasing Long

83,657

1.8996  GBP

10p ordinary

SWAP

Increasing Long

392,860

1.8984  GBP

10p ordinary

SWAP

Increasing Long

426,082

1.8990  GBP

10p ordinary

SWAP

Increasing Short

1,625

1.9017  GBP

10p ordinary

SWAP

Increasing Short

2,807

1.9061  GBP

10p ordinary

SWAP

Increasing Short

3,115

1.9010  GBP

10p ordinary

SWAP

Increasing Short

3,229

1.9070  GBP

10p ordinary

SWAP

Increasing Short

3,265

1.9043  GBP

10p ordinary

SWAP

Increasing Short

6,782

1.9060  GBP

10p ordinary

CFD

Increasing Short

21,205

1.8861  GBP

10p ordinary

SWAP

Increasing Short

21,700

1.8999  GBP

10p ordinary

SWAP

Increasing Short

23,610

1.9065  GBP

10p ordinary

SWAP

Increasing Short

34,808

1.9040  GBP

10p ordinary

CFD

Increasing Short

35,000

1.9011  GBP

10p ordinary

SWAP

Increasing Short

105,000

1.9019  GBP

10p ordinary

SWAP

Opening Long

4,996

1.9048  GBP

10p ordinary

SWAP

Opening Long

9,275

1.9001  GBP

10p ordinary

SWAP

Opening Long

19,374

1.9040  GBP

10p ordinary

SWAP

Opening Long

644,673

1.8991  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:

15 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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