REG - LondonMetric - Post-offer intentions with regard to LXi REIT plc

Londonmetric PropertyAnnouncement

06/03/2025 07:00

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RNS Number : 5379Z  LondonMetric Property PLC  06 March 2025

 

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE
19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER
ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A
PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING
WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED
INTENTIONS

 

6 March 2025

 

LONDONMETRIC PROPERTY PLC

 

Confirmation with respect to stated post-offer intentions with regard to LXi
REIT plc

 

LondonMetric Property Plc ("LondonMetric"), announces that, further to the
completion of its recommended all-share merger with LXi REIT plc ("LXi")
(pursuant to which LondonMetric acquired the entire issued and to be issued
ordinary share capital of LXi), which was implemented by way of a scheme of
arrangement under Part 26 of the Companies Act 2006 and which became effective
on 5 March 2024, the board of directors of LondonMetric has duly confirmed in
writing to The Panel on Takeovers and Mergers in accordance with the
requirements of Rule 19.6(c) of the Code that LondonMetric has complied with
its post-offer intention statements made pursuant to Rules 2.7(c)(viii) and
24.2 of the Code, as originally detailed in LondonMetric's announcement of 11
January 2024 and LXi's scheme document published on 6 February 2024.

 

Enquiries:

 

 LondonMetric Property Plc
 Andrew Jones, Chief Executive     +44 (0) 20 7484 9000
 Martin McGann, Finance Director
 Gareth Price, Investor Relations

 

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