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

Barclays PLC
25 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:

24 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:

3,347,459

0.31%

8,145,025

0.74%

(2) Cash-settled derivatives:

7,810,064

0.71%

2,892,701

0.26%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

11,157,523

1.02%

11,037,726

1.01%

 








(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

620568

1.8635  GBP

1.8168  GBP

10p ordinary

Purchase

284337

1.8710  GBP

1.8460  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

5,751

1.8590  GBP

10p ordinary

SWAP

Decreasing Long

7

1.8510  GBP

10p ordinary

SWAP

Decreasing Long

16

1.8580  GBP

10p ordinary

SWAP

Decreasing Long

393

1.8570  GBP

10p ordinary

SWAP

Decreasing Long

410

1.8530  GBP

10p ordinary

SWAP

Decreasing Long

1,597

1.8480  GBP

10p ordinary

SWAP

Decreasing Long

3,696

1.8586  GBP

10p ordinary

SWAP

Decreasing Long

6,817

1.8483  GBP

10p ordinary

SWAP

Decreasing Long

16,081

1.8606  GBP

10p ordinary

SWAP

Decreasing Long

19,900

1.8605  GBP

10p ordinary

SWAP

Decreasing Long

21,099

1.8655  GBP

10p ordinary

SWAP

Decreasing Long

54,955

1.8610  GBP

10p ordinary

SWAP

Decreasing Short

33

1.8593  GBP

10p ordinary

SWAP

Decreasing Short

945

1.8522  GBP

10p ordinary

CFD

Decreasing Short

1,410

1.8168  GBP

10p ordinary

SWAP

Decreasing Short

13,179

1.8568  GBP

10p ordinary

SWAP

Decreasing Short

14,400

1.8584  GBP

10p ordinary

SWAP

Decreasing Short

28,898

1.8419  GBP

10p ordinary

SWAP

Increasing Long

485

1.8627  GBP

10p ordinary

SWAP

Increasing Long

692

1.8472  GBP

10p ordinary

SWAP

Increasing Long

1,044

1.8538  GBP

10p ordinary

SWAP

Increasing Long

1,224

1.8529  GBP

10p ordinary

SWAP

Increasing Long

1,587

1.8557  GBP

10p ordinary

SWAP

Increasing Long

1,855

1.8510  GBP

10p ordinary

SWAP

Increasing Long

2,479

1.8550  GBP

10p ordinary

SWAP

Increasing Long

4,753

1.8568  GBP

10p ordinary

SWAP

Increasing Long

5,367

1.8624  GBP

10p ordinary

SWAP

Increasing Long

6,879

1.8493  GBP

10p ordinary

SWAP

Increasing Long

8,751

1.8598  GBP

10p ordinary

SWAP

Increasing Long

25,690

1.8599  GBP

10p ordinary

SWAP

Increasing Long

97,017

1.8588  GBP

10p ordinary

SWAP

Increasing Long

98,085

1.8610  GBP

10p ordinary

SWAP

Increasing Long

144,099

1.8609  GBP

10p ordinary

SWAP

Increasing Short

106

1.8592  GBP

10p ordinary

SWAP

Increasing Short

562

1.8598  GBP

10p ordinary

CFD

Increasing Short

974

1.8660  GBP

10p ordinary

CFD

Increasing Short

25,220

1.8594  GBP

10p ordinary

SWAP

Increasing Short

99,824

1.8610  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:

25 Jan 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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