Director/PDMR Shareholding

LXi REIT

27/03/2023 16:20

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230327:nRSa3588Ua&default-theme=true

RNS Number : 3588U  LXI REIT PLC  27 March 2023

27 March 2023

LXi REIT plc

(the "Company" or the "Group")

Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMR")

 

The Company has been notified that following an internal reorganisation of
entities within the Prestbury Investment Holdings Limited group, 44,301,565
shares in LXI REIT plc formerly held by PIHL Property LLP have been
distributed up the chain of ownership to its parent company, Prestbury
Investment Holdings Limited.  The transfers have been undertaken to allow for
the winding up of subsidiary entities no longer serving any purpose in the
Prestbury group. PIHL Property LLP and Prestbury Investment Holdings Limited
are both PCA's of Nick Leslau (a Non-Executive Director of the Company). The
ultimate beneficial ownership of the LXI shares remains unchanged following
the transfers with Nick Leslau and his persons closely associated, being
interested in a total of 95,978,407 LXI shares, representing 5.6% of the
issued share capital of the Company.

 

The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulation.

 

Notification and public disclosure of Prestbury Investment Holdings Limited
and PIHL Property LLP

 

 1.  Details of PDMR / person closely associated with them
 a)  Name                                     Prestbury Investment Holdings Limited and PIHL Property LLP
 2.  Reason for the notification
 a)  Position / status                        PCA of Nick Leslau (a Director of the Company)
 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  Ordinary shares 1 penny each

ISIN  GB00BYQ46T41

     Identification Code
 b)  Nature of the transaction                Transfer of shares between entities connected to Nick Leslau for nil
                                              consideration
 c)  Price(s) and volume(s)                   Price(s)        Volume(s)
                                              Not applicable  44,301,565
 d)  Aggregated information                   Price(s)  Volume(s)

                                        N/A       44,301,565

 e)  Date of the transaction                  24 March 2023
 f)  Place of the transaction                 Outside a trading venue

b)

Nature of the transaction

Transfer of shares between entities connected to Nick Leslau for nil
consideration

c)

Price(s) and volume(s)

 Price(s)        Volume(s)
 Not applicable  44,301,565

d)

Aggregated information

 

 Price(s)  Volume(s)
 N/A       44,301,565

e)

Date of the transaction

24 March 2023

f)

Place of the transaction

Outside a trading venue

 

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)

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

 James Benjamin / Rachel Cohen                 lxireit-maitland@h-advisors.global (mailto:lxireit-maitland@h-advisors.global)

 

The Company's LEI is: 2138008YZGXOKAXQVI45

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHPPURGWUPWGAM