Form 8.3 - LXI REIT plc

Credit Agricole S.A.

23 February 2024

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE / DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Credit Agricole S.A.
(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.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	LXI REIT plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	24/01/2024
(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 LondonMetric Property plc

2.         POSITIONS OF THE PERSON 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 following the dealing (if any)

Class of relevant security:	1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	221,656	0.01	-4,123,971	0.24
(2) Cash-settled derivatives:	1,750,107	0.10
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	15,159,096	0.88
TOTAL:	17,130,859	0.99	-4,123,971	0.24

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).

 (b)       Rights to subscribe for new securities (including directors' and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
1p ordinary	Sale	20,541	£1.025
1p ordinary	Sale	58,268	£1.026
1p ordinary	Sale	8,644	£1.027
1p ordinary	Sale	293,775	£1.028
1p ordinary	Sale	65,442	£1.029
1p ordinary	Sale	100,000	£1.030

(b)        Cash-settled derivative transactions

Class of relevant security

Product description e.g. CFD

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

 (c)       Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

 (ii)       Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Purchase/sale	Number of securities	Price per unit

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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: 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 person 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 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

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	23/02/2024
Contact name:	Tiago Duarte
Telephone number:	[phone]

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].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

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

Appendix - Additional Dealings

Date	Class of relevant security	Purchase/sale	Number of securities	Price per unit
23/01/2024	1p ordinary	Purchase	11	£         1.00308
23/01/2024	1p ordinary	Purchase	1,138	£         1.00309
23/01/2024	1p ordinary	Purchase	1	£         1.00310
23/01/2024	1p ordinary	Purchase	20	£         1.00809
23/01/2024	1p ordinary	Purchase	16,084	£         1.00809
23/01/2024	1p ordinary	Purchase	3,510	£         1.00859
23/01/2024	1p ordinary	Purchase	7,580	£         1.00909
23/01/2024	1p ordinary	Purchase	72,673	£         1.01009
23/01/2024	1p ordinary	Purchase	124,144	£         1.01029
22/01/2024	1p ordinary	Sale	32,831	£         1.02000
19/01/2024	1p ordinary	Sale	52,681	£         1.02000
18/01/2024	1p ordinary	Sale	36,081	£         1.02000
18/01/2024	1p ordinary	Sale	3,008	£         1.03200
17/01/2024	1p ordinary	Sale	80,989	£         1.02100
17/01/2024	1p ordinary	Purchase	2,267,744	£         1.02900
16/01/2024	1p ordinary	Sale	79,713	£         1.07100
15/01/2024	1p ordinary	Sale	80,386	£         1.06800
15/01/2024	1p ordinary	Sale	118,243	£         1.06850
15/01/2024	1p ordinary	Sale	38,197	£         1.06900
15/01/2024	1p ordinary	Sale	149,457	£         1.06950
15/01/2024	1p ordinary	Sale	3,717	£         1.07000
15/01/2024	1p ordinary	Sale	213,588	£         1.07100
15/01/2024	1p ordinary	Purchase	8,667,359	£         1.06600
12/01/2024	1p ordinary	Sale	1,000,000	£         1.05750
12/01/2024	1p ordinary	Sale	56,130	£         1.06200
11/01/2024	1p ordinary	Sale	226,227	£         1.03500
10/01/2024	1p ordinary	Purchase	133,176	£         1.03000
09/01/2024	1p ordinary	Purchase	180,450	£         1.03700
08/01/2024	1p ordinary	Purchase	12,332	£         1.00920
08/01/2024	1p ordinary	Sale	90,000	£         1.03950
08/01/2024	1p ordinary	Sale	350,000	£         1.04190
08/01/2024	1p ordinary	Sale	162,102	£         1.04400
05/01/2024	1p ordinary	Purchase	441,840	£         1.01290
05/01/2024	1p ordinary	Purchase	68,390	£         1.03200
05/01/2024	1p ordinary	Sale	120,000	£         1.03500
05/01/2024	1p ordinary	Sale	350,000	£         1.03510
04/01/2024	1p ordinary	Sale	122,231	£         1.03500
04/01/2024	1p ordinary	Purchase	8,884	£         1.02500
04/01/2024	1p ordinary	Purchase	4,478	£         1.02550
04/01/2024	1p ordinary	Purchase	1,133	£         1.02600
04/01/2024	1p ordinary	Purchase	4,972	£         1.02900
04/01/2024	1p ordinary	Purchase	8,115	£         1.02950
04/01/2024	1p ordinary	Purchase	52,418	£         1.03000
03/01/2024	1p ordinary	Purchase	66,010	£         1.03400
03/01/2024	1p ordinary	Purchase	392,964	£         1.03180
02/01/2024	1p ordinary	Purchase	4,611	£         1.04000
02/01/2024	1p ordinary	Purchase	475,484	£         1.04060
02/01/2024	1p ordinary	Purchase	51,787	£         1.04100
02/01/2024	1p ordinary	Purchase	4,041	£         1.04150
02/01/2024	1p ordinary	Purchase	18,778	£         1.04200
02/01/2024	1p ordinary	Purchase	9,499	£         1.04250
02/01/2024	1p ordinary	Purchase	259,156	£         1.04300
02/01/2024	1p ordinary	Purchase	2,968	£         1.04350
02/01/2024	1p ordinary	Purchase	13,529	£         1.04400
28/12/2023	1p ordinary	Purchase	166,131	£         1.05500
27/12/2023	1p ordinary	Sale	42,287	£         1.05800
21/12/2023	1p ordinary	Purchase	3,911	£         1.04700
21/12/2023	1p ordinary	Purchase	432,380	£         1.04800
21/12/2023	1p ordinary	Purchase	3,263	£         1.04900
20/12/2023	1p ordinary	Purchase	23,850	£         1.04520
20/12/2023	1p ordinary	Sale	1,354,525	£         1.05870
20/12/2023	1p ordinary	Sale	442,054	£         1.06200
19/12/2023	1p ordinary	Purchase	576,520	£         1.02480
19/12/2023	1p ordinary	Purchase	58,379	£         1.02700
19/12/2023	1p ordinary	Purchase	1,466,360	£         1.04200
18/12/2023	1p ordinary	Purchase	253,418	£         1.03600
18/12/2023	1p ordinary	Sale	1,685,045	£         1.03640

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Date	Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	12/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	15/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	16/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	17/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	18/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	19/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	22/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	23/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	24/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	110.4192	European	25/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,370	110.4192	European	26/01/2024	£ 0.0240
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	12/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	15/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	16/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	17/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	18/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	19/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	22/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	23/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	24/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	112.464	European	25/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,370	112.464	European	26/04/2024	£ 0.0229
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	12/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	15/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	16/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	17/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	18/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	19/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	22/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	23/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,363	114.5088	European	24/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	6063,63	114.5088	European	25/07/2024	£ 0.0218
19/04/2023	1p ordinary	Call option	purchasing	606,370	114.5088	European	26/07/2024	£ 0.0218

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Full name of person making disclosure:	Tiago Duarte
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	LXI REIT plc

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
1p ordinary	Call option	Purchased	606363	£1.104	European	12/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	15/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	16/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	17/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	18/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	19/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	22/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	23/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	24/01/2024
1p ordinary	Call option	Purchased	606363	£1.104	European	25/01/2024
1p ordinary	Call option	Purchased	606370	£1.104	European	26/01/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	12/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	15/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	16/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	17/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	18/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	19/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	22/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	23/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	24/04/2024
1p ordinary	Call option	Purchased	606363	£1.125	European	25/04/2024
1p ordinary	Call option	Purchased	606370	£1.125	European	26/04/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	12/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	15/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	16/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	17/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	18/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	19/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	22/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	23/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	24/07/2024
1p ordinary	Call option	Purchased	606363	£1.145	European	25/07/2024
1p ordinary	Call option	Purchased	606370	£1.145	European	26/07/2024

 

END