Appointment of Joint Corporate Broker

LXi REIT

29/11/2022 13:29

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RNS Number : 9662H  LXI REIT PLC  29 November 2022

29 November 2022

LXI REIT PLC

("LXI REIT" or the "Company")

Appointment of Joint Corporate Broker

The Board of LXi REIT (ticker: LXI), the specialist inflation-protected very
long income REIT, announces the appointment of Barclays Bank PLC ("Barclays")
as the Company's joint corporate broker alongside existing joint corporate
broker Jefferies International Limited, with immediate effect.

 

Barclays is authorised by the Prudential Regulation Authority ("PRA") and
regulated in the United Kingdom by the Financial Conduct Authority and the
PRA. Barclays is acting exclusively for the Company and no one else in
connection with the corporate broking services or any other matters referred
to in this announcement.

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 LXI REIT Advisors Limited                         Via H/Advisors Maitland

 Simon Lee (Partner, Fund Manager)

 John White (Partner, Fund Manager)

 Freddie Brooks (CFO)

 Barclays                                          020 7623 2323

 Bronson Albery / Tom Macdonald / Dion Di Miceli

 Jefferies International                           020 7029 8000

 Tom Yeadon / Ed Matthews / Rishi Bhuchar

 H/Advisors Maitland (Communications Advisor)      07747 113 930 / 020 7379 5151

 James Benjamin / Alistair de Kare-Silver          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, is listed 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
(http://www.lxireit.com)

*     This is a target and not profit forecast.

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