Brief: Lxi Reit Says LondonMetric To Buy Co

LXi REIT

11/01/2024 07:32

Jan 11 (Reuters) - LXI Reit PLC  LXIL.L :
    * RECOMMENDED ALL SHARE MERGER ANNOUNCEMENT
    * AGREEMENT ON A RECOMMENDED ALL-SHARE MERGER TO WHICH
LONDONMETRIC WILL ACQUIRE ENTIRE ISSUED AND TO BE ISSUED
ORDINARY SHARE CAPITAL OF LXI
    * MERGER VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY
SHARE
CAPITAL OF LXI AT APPROXIMATELY £1.9 BILLION
    * DEAL REPRESENTS A PREMIUM OF APPROXIMATELY 9 PER CENT. TO
UNDISTURBED CLOSING PRICE PER LXI SHARE OF 99.5 PENCE
    * COMBINED GROUP HAVING A EPRA NTA OF APPROXIMATELY £4.1
BILLION
    * FOLLOWING COMPLETION OF MERGER, IT IS EXPECTED THAT NICK
LESLAU
WILL JOIN LONDONMETRIC BOARD AS A NON-EXECUTIVE DIRECTOR.

Source text for Eikon:  ID:nRSK3790Za 
Further company coverage:  LMPL.L 

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