Director/PDMR Shareholding

RNS Number : 8904A

LXI REIT PLC

24 January 2020

 

24 January 2020

LXi REIT PLC

(the "Company")

(LEI: 2138008YZGXOKAXQVI45)

DIRECTOR/PDMR SHAREHOLDING

LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT,  announces in accordance with LR 9.6.17R that it, together with Peel Hunt LLP, has granted a waiver to the lock-up arrangements entered into with John Cartwright, a director of the Company, in connection with ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") acquired by him in satisfaction of his entitlement to receive directors' fees and has consented to the sale by John Cartwright of 42,814 Ordinary Shares to Calvi Capital Limited, a private limited company owned by John Cartwright and his spouse.

Following the above transaction, John Cartwright's total shareholding, together with those persons closely associated with him, remains unchanged and is 66,687 Ordinary Shares.

Enquiries:

Maria Matheou
PraxisIFM Fund Services (UK) Limited	020 7653 9690
Company Secretary

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation (No. 596/2014).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Cartwright
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	LXi REIT plc
b)	LEI	2138008YZGXOKAXQVI45
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares 1 pence each
	Identification code	ISIN GB00BYQ46T41
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)
			Price(s)		Volume(s)
			134.2p per share		42,814
d)	Aggregated information
	- Aggregated volume	42,814
	- Price	Total price £5,745,638.8
e)	Date of the transaction	23 January 2020
f)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Calvi Capital Limited
2	Reason for the notification
a)	Position/status	Person closely associated with John Cartwright, a person discharging managerial responsibilities
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	LXi REIT plc
b)	LEI	2138008YZGXOKAXQVI45
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares 1 pence each
	Identification code	ISIN GB00BYQ46T41
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)
			Price(s)		Volume(s)
			134.2p per share		42,814
d)	Aggregated information
	- Aggregated volume	42,814
	- Price	Total price £5,745,638.8
e)	Date of the transaction	23 January 2020
f)	Place of the transaction	Outside of trading venue

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