Completion of the Merger and Admission of Shares

RNS Number : 6037R

LXI REIT PLC

07 July 2022

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

7 July 2022

LXI REIT PLC

Completion of the Merger and Admission of Shares

Further to the announcement by Secure Income REIT plc and LXi REIT plc ("LXi" or the "Company") on 6 July 2022 in relation to the Scheme becoming effective in accordance with its terms, LXi announces that Admission of the Enlarged Share Capital and commencement of dealings in the New LXi Shares became effective at 8.00 a.m. today.

As set out in the Scheme Document, New LXi Shares in uncertificated form are expected to be credited to CREST accounts on or after 8.00 am on 7 July 2022 (but no later than 20 July 2022) and definitive share certificates for the New LXi Shares in certificated form are expected to be dispatched by no later than 20 July 2022.

The New LXi Shares rank pari passu in all respects with the Existing LXi Shares in issue, including the right to receive and retain dividends and other distributions declared, made or paid by the Company by reference to a record date falling after the Effective Date.

The Company now has 1,714,473,236 Ordinary Shares in issue and admitted to trading on the London Stock Exchange's main market, each such share carrying one vote (the Company holds no shares in treasury).

This figure may be used by LXi Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the meanings given to them in the combined circular and prospectus published by the Company in connection with the Merger on 1 June 2022 (the "Combined Circular and Prospectus"). All references to times in this announcement are to times in London.

Enquiries

LXi · Simon Lee · Freddie Brooks · John White	via Maitland/amo
Jefferies International Limited · Rishi Bhuchar · Tom Yeadon · Ed Matthews · Paul Bundred	[phone]
Peel Hunt LLP · Luke Simpson · Carl Gough · Liz Yong · Huw Jeremy	[phone]
Maitland/amo (communications adviser to LXi) · James Benjamin	[phone]

 

END

 

 

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