Appointment of Chair of the Audit Committee

LXI REIT PLC

05 December 2023

 

5 December 2023

LXi REIT plc

(the "Company" or the "Group" or "LXi")

Appointment of Chair of the Audit Committee

Further to the announcement made yesterday regarding the sad passing of John Cartwright, the Board of LXi REIT plc announce that Sandy Gumm will become a member of the Audit Committee and will assume the role of Chair of the Audit Committee with immediate effect.

Sandy, who joined the LXi Board in July 2022 following completion of the merger with Secure Income REIT plc, is an experienced business and finance leader having spent over 25 years with Prestbury Group Plc, as Finance Director when it was established in 1997, and in 2007 became Chief Operating Officer. Sandy is a Chartered Accountant.

FOR FURTHER INFORMATION, PLEASE CONTACT:

H/Advisors Maitland (Communications Advisor) James Benjamin Rachel Cohen

[e-mail] 07747 113 930 020 7379 5151

The Company's LEI is: 2138008YZGXOKAXQVI45

NOTES

LXI REIT plc invests in commercial property assets predominantly in the UK, let, or pre-let, on long (typically 20 to 30 years to expiry or first break), inflation-linked leases to a wide range of strong tenant covenants across a diverse range of robust property sectors.

The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place. The Company will not undertake any direct development activity nor assume direct development risk.

The Company is targeting a dividend of 6.6 pence per ordinary share for the year which commenced on 1 April 2023*.

The Company, a real estate investment trust ("REIT") incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017.

The Company is a constituent of the FTSE 250, EPRA/NAREIT, MSCI and STOXX Europe 600 indices.

Further information on the Company is available at www.lxireit.com

*              This is a target and not profit forecast

 

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