REG - LXI REIT PLC LondonMetric - Delisting & Cancellation of LXI Shares

Londonmetric PropertyAnnouncement

06/03/2024 07:00

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RNS Number : 7268F  LXI REIT PLC  06 March 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

6 March 2024

RECOMMENDED ALL-SHARE MERGER

OF

LXI REIT PLC

AND

LONDONMETRIC PROPERTY PLC

to be effected by means of a Scheme of Arrangement under Part 26 of the
Companies Act 2006

DE-LISTING AND CANCELLATION OF TRADING OF LXI SHARES

Further to the announcement made by the Boards of LXi REIT plc ("LXi") and
LondonMetric Property Plc on 5 March 2024 that the Scheme has become Effective
in accordance with its terms, LXi today announces that, following an
application made by LXi, the Financial Conduct Authority has cancelled the
listing of LXi Shares on the premium listing segment of the Official List and
the London Stock Exchange has cancelled the trading of LXi Shares on the Main
Market, in each case with effect from 8.00 a.m. today, 6 March 2024.

General

Unless otherwise defined, all capitalised terms in this announcement shall
have the same meaning given to them in the Scheme Document, a copy of which is
available on the LXi website at www.LXiREIT.com (https://www.LXiREIT.com) and
on the LondonMetric website at www.LondonMetric.com
(http://www.LondonMetric.com) .

All references in this announcement to times are to times in London.

 

Enquiries

 LXi REIT plc                                                              via H/Advisors Maitland
 Cyrus Ardalan, Non-Executive Chairman
 Hugh Seaborn, Non-Executive Senior Independent Director
 Ismat Levin, Non-Executive Independent Director
 Sandy Gumm, Non-Executive Director
 Nick Leslau, Non-Executive Director

 Lazard & Co., Limited (Lead Financial Adviser)                            +44 (0) 20 7187 2000
 Patrick Long
 Jolyon Coates
 Sebastian O'Shea-Farren

 Jefferies International Limited (Financial Adviser and Corporate Broker)  +44 (0) 20 7029 8000
 Rishi Bhuchar
 Tom Yeadon
 Ed Matthews
 Paul Bundred

 Santander Corporate & Investment Banking (Financial Adviser)              +44 (0) 78 4071 7114
 Oliver Tucker
 Ting Le Deng
 Benni Azaria

 H/Advisors Maitland (Communications Adviser)                              +44 (0) 20 7379 5151
 James Benjamin
 Rachel Cohen

Bryan Cave Leighton Paisner LLP is acting as legal adviser to LXi in
connection with the Merger.

NOTICES

Lazard & Co., Limited ("Lazard"), which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority ("FCA"), is acting
exclusively as financial adviser and Rule 3 financial adviser to LXi and no
one else in connection with the Merger and will not be responsible to anyone
other than LXi for providing the protections afforded to clients of Lazard nor
for providing advice in connection with the Merger or any matter referred to
in this announcement. Neither Lazard nor any of its affiliates (nor any of
their respective directors, officers, employees or agents), owes or accepts
any duty, liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any person who is
not a client of Lazard in connection with the Merger, this announcement, any
statement contained herein or otherwise. Lazard has given, and not withdrawn,
its consent to the inclusion in this announcement of the references to its
name and the advice it has given to LXi in the form and context in which they
appear.

Jefferies International Limited ("Jefferies"), which is authorised and
regulated by the FCA in the United Kingdom, is acting exclusively for LXi and
no one else in connection with the matters referred to in this announcement
and will not regard any other person as its client in relation to the matters
in this announcement and will not be responsible to anyone other than LXi for
providing the protections afforded to clients of Jefferies nor for providing
advice in relation to any matter referred to in this announcement or any
transaction or arrangement referred to herein. Neither Jefferies nor any of
its affiliates owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Jefferies in
connection with this announcement, any statement contained herein, any
transaction or arrangement referred to herein, or otherwise.

Banco Santander, S.A. ("Santander") is a credit institution which is
registered with the Bank of Spain with number 0049. Banco Santander, S.A.,
London Branch is a branch of Santander with its principal place of business
located at 2 Triton Square, Regent's Place, London NW1 3AN and is authorised
by the Bank of Spain and is subject to regulatory oversight on certain matters
in the UK by the FCA and the Prudential Regulatory Authority (the "PRA").
Santander is acting exclusively as financial adviser to LXi and no one else in
connection with the matters referred to in this announcement and will not be
responsible to anyone other than the LXi for providing the protections
afforded to clients of Santander or any of its affiliates, or for providing
advice in relation to any matter referred to in this announcement.  Neither
Santander, nor any of its affiliates, owes or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client of
Santander in connection with this announcement or any matter referred to
herein.

 

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