Form 8 (OPD) - LONDONMETRIC PROPERTY PLC

LondonMetric Property PLC

03 January 2024

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	LONDONMETRIC PROPERTY PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	LONDONMETRIC PROPERTY PLC
(d) Is the discloser the offeror or the offeree?	OFFEROR
(e) Date position held:      The latest practicable date prior to the disclosure	2 January 2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES -   LXI REIT PLC (OFFEREE)

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	10p Ordinary shares
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	-	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	Nil	-	Nil	-

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

a) Interests in LondonMetric Property plc ("LondonMetric") shares held by LondonMetric directors (together with their close relatives and the related trusts of any of them) Name Total Number of LondonMetric Shares Percentage of existing issued share capital of LondonMetric(1) Andrew Jones 5,473,411 0.50% Martin McGann 3,501,114 0.32% Suzanne Avery 27,050 0.00% Alistair Elliott 80,000 0.00% Robert Fowlds 104,000 0.01% Andrew Livingston 106,830 0.01% Kitty Patmore 5,000 0.00% Suzy Neubert 36,868 0.00% Total 9,334,273 0.84% (1)   Percentages are calculated on the basis of 1,089,596,222 LondonMetric shares in issue as at the latest practicable date prior to the disclosure. Share Options Name Scheme Date of grant Number of LondonMetric shares under option(3) Exercise price per LondonMetric share Vesting Date(2) Andrew Jones Long term incentive plan 04/06/2021 548,427 Nil paid 04/06/2024 Andrew Jones Long term incentive plan 06/06/2022 523,317 Nil paid 06/06/2025 Andrew Jones Long term incentive plan 02/06/2023 721,516 Nil paid 02/06/2026 Martin McGann Long term incentive plan 04/06/2021 265,865 Nil paid 04/06/2024 Martin McGann Long term incentive plan 06/06/2022 271,187 Nil paid 06/06/2025 Martin McGann Long term incentive plan 02/06/2023 380,878 Nil paid 02/06/2026 (2)   Vesting is for a period of at least three years from the date of grant, or such other period as determined by LondonMetric's remuneration committee, subject to performance conditions. (3)   Figures include the incremental number of shares which the participant is entitled to receive on vesting of the award as a result of the total dividend increases which are accrued during the vesting period. b) Positions held by LondonMetric connected advisers Name Number %(4) J. P. Morgan Chase Bank, National Association 17 0.00

(4)   Percentage is calculated on the basis of 1,089,596,222 LondonMetric shares in issue as at the latest practicable date prior to the disclosure.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         OTHER INFORMATION

(a)        Indemnity and other dealing 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 party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	3 January 2024
Contact name:	Jadzia Duzniak
Telephone number:	020 7484 9035

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END