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

Barclays PLC
05 March 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:

04 Mar 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:

3,656,278

0.33%

15,850,962

1.45%

(2) Cash-settled derivatives:

15,478,101

1.42%

3,113,739

0.28%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

19,134,379

1.75%

18,964,701

1.73%

 








(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

7185686

1.8340  GBP

1.8030  GBP

10p ordinary

Purchase

2669494

1.8340  GBP

1.8030  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

4,621

1.8340  GBP

10p ordinary

SWAP

Closing Long

6,324

1.8327  GBP

10p ordinary

SWAP

Closing Long

14,334

1.8152  GBP

10p ordinary

SWAP

Closing Short

27

1.8060  GBP

10p ordinary

SWAP

Closing Short

167

1.8140  GBP

10p ordinary

CFD

Closing Short

379

1.8281  GBP

10p ordinary

SWAP

Closing Short

8,392

1.8130  GBP

10p ordinary

CFD

Closing Short

14,624

1.8340  GBP

10p ordinary

CFD

Closing Short

41,249

1.8057  GBP

10p ordinary

SWAP

Decreasing Long

729

1.8122  GBP

10p ordinary

SWAP

Decreasing Long

1,176

1.8090  GBP

10p ordinary

SWAP

Decreasing Long

1,338

1.8217  GBP

10p ordinary

SWAP

Decreasing Long

1,978

1.8053  GBP

10p ordinary

SWAP

Decreasing Long

6,002

1.8165  GBP

10p ordinary

SWAP

Decreasing Long

63,924

1.8116  GBP

10p ordinary

SWAP

Decreasing Long

110,736

1.8112  GBP

10p ordinary

SWAP

Decreasing Short

200

1.8069  GBP

10p ordinary

SWAP

Increasing Long

526

1.8150  GBP

10p ordinary

SWAP

Increasing Long

1,210

1.8060  GBP

10p ordinary

SWAP

Increasing Long

1,247

1.8187  GBP

10p ordinary

SWAP

Increasing Long

3,370

1.8270  GBP

10p ordinary

SWAP

Increasing Long

8,611

1.8277  GBP

10p ordinary

SWAP

Increasing Long

383,143

1.8268  GBP

10p ordinary

SWAP

Increasing Long

1,004,462

1.8339  GBP

10p ordinary

SWAP

Increasing Long

2,347,644

1.8340  GBP

10p ordinary

SWAP

Increasing Short

509

1.8187  GBP

10p ordinary

SWAP

Increasing Short

2,915

1.8094  GBP

10p ordinary

SWAP

Increasing Short

7,992

1.8034  GBP

10p ordinary

SWAP

Increasing Short

21,400

1.8051  GBP

10p ordinary

SWAP

Increasing Short

24,565

1.8340  GBP

10p ordinary

SWAP

Increasing Short

39,900

1.8168  GBP

10p ordinary

SWAP

Opening Long

704

1.8049  GBP

10p ordinary

SWAP

Opening Long

747

1.8108  GBP

10p ordinary

CFD

Opening Long

1,191

1.8129  GBP

10p ordinary

CFD

Opening Long

2,895

1.8232  GBP

10p ordinary

SWAP

Opening Long

4,026

1.8074  GBP

10p ordinary

SWAP

Opening Long

5,576

1.8068  GBP

10p ordinary

CFD

Opening Long

5,790

1.8266  GBP

10p ordinary

CFD

Opening Long

14,000

1.8145  GBP

10p ordinary

SWAP

Opening Long

14,923

1.8056  GBP

10p ordinary

SWAP

Opening Long

15,174

1.8060  GBP

10p ordinary

SWAP

Opening Long

24,757

1.8126  GBP

10p ordinary

SWAP

Opening Long

31,278

1.8069  GBP

10p ordinary

CFD

Opening Long

34,370

1.8085  GBP

10p ordinary

SWAP

Opening Long

38,504

1.8078  GBP

10p ordinary

SWAP

Opening Long

38,804

1.8102  GBP

10p ordinary

CFD

Opening Long

53,810

1.8149  GBP

10p ordinary

SWAP

Opening Long

158,321

1.8339  GBP

10p ordinary

CFD

Opening Long

204,506

1.8338  GBP

10p ordinary

CFD

Opening Long

528,357

1.8340  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:

05 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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