Share purchase by John White-Investment Advisor

RNS Number : 8792I
LXI REIT PLC
07 December 2022
 

7 December 2022

LXI REIT PLC

("LXI REIT" or the "Company")

SHARE PURCHASE BY JOHN WHITE, PARTNER AND FUND MANAGER OF THE COMPANY'S INVESTMENT ADVISOR

The Board of LXI REIT (ticker: LXI), the specialist inflation-protected very long income REIT, announces that John White, Partner and Fund Manager of the Company's Investment Advisor, LXI REIT Advisors Limited, acquired 167,000 ordinary shares in the capital of the Company ("Ordinary Shares") at 118 pence per share and 57,245 Ordinary Shares at 118.17 pence per share for a combined total cost of £264,706 on 6 December 2022.

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

LXI REIT Advisors Limited

Simon Lee (Partner, Fund Manager)

John White (Partner, Fund Manager)

Freddie Brooks (CFO)

Via H/Advisors Maitland



Barclays

Bronson Albery / Tom Macdonald / Dion Di Miceli

020 7623 2323



J efferies International

Tom Yeadon / Ed Matthews / Rishi Bhuchar

020 7029 8000



H/Advisors Maitland (Communications Advisor)

James Benjamin / Alistair de Kare-Silver

07747 113 930 / 020 7379 5151

lxireit-maitland@h-advisors.global

 

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 6.3 pence per ordinary share for the year which commenced on 1 April 2022*.

 

The Company, a real estate investment trust ( "REIT") incorporated in England and Wales, islisted 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHTRBFTMTTMMJT

Companies

LXI Reit (LXI)
UK 100

Latest directors dealings