Share purchase by Simon Lee-LXI Investment Advisor

RNS Number : 5258K

LXI REIT PLC

22 December 2022

 

22 December 2022

LXI REIT PLC

("LXI REIT" or the "Company")

SHARE PURCHASE BY SIMON LEE, 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 Simon Lee, Fund Manager of the Company's Investment Advisor, LXI REIT Advisors Limited, acquired 87,450 ordinary shares in the capital of the Company at 114.35 pence per share for a total cost of £100,000 on 21 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 [e-mail]

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.

 

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