LXB Retail Properties Plc PDMR Notification (6146T)

TIDMLXB

RNS Number : 6146T

LXB Retail Properties Plc

04 July 2018

Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction

4 July 2018

LXB RETAIL PROPERTIES PLC

(the "Company")

PDMR Noti cation

LXB Retail Properties PLC, announces that on 4 July 2018 Tim Walton, a Principal of the Company's Investment Adviser, LXB 3 Partners LLP, gifted the beneficial interest of 6,299,988 ordinary shares of 100 pence each in the Company to his wife, Lucy Walton. The bene cial interest of Tim Walton and his closely associated persons remains unchanged. ("Ordinary Shares").

The noti cation below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Noti cation and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       ("PDMR") / person closely associated ("PCA") 
 a)   Name                              Timothy Paul Walton 
     --------------------------------  ---------------------------------------- 
 2    Reason for the noti cation 
     -------------------------------------------------------------------------- 
 a)   Position/status                   PDMR 
                                         Principal of the Company's Investment 
                                         Adviser, LXB 3 Partners LLP 
     --------------------------------  ---------------------------------------- 
 b)   Initial noti cation /Amendment    Initial Notification 
     --------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                              LXB Retail Properties Plc 
     --------------------------------  ---------------------------------------- 
 b)   LEI                               213800JWFRYTKXAEOH60 
     --------------------------------  ---------------------------------------- 
 4    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer auction monitor 
     -------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary Shares 
       instrument, type of instrument    JE00B4MFKH73 
       Identification Code 
     --------------------------------  ---------------------------------------- 
 b)   Nature of the transaction         Transfer of the beneficial interest 
                                         in 6,299,988 Ordinary Shares to 
                                         his wife, Lucy Walton 
     --------------------------------  ---------------------------------------- 
 c)   Price(s) and Volume(s)            Price nil pence 
                                         Volume 6,299,988 
     --------------------------------  ---------------------------------------- 
 d)   Aggregated information             6,299,988 ordinary shares in aggregate 
       -Aggregated volume                 Nil pence 
       - Price 
     --------------------------------  ---------------------------------------- 
 e)   Date of transaction               4 July 2018 
     --------------------------------  ---------------------------------------- 
 f)   Place of transaction              London Stock Exchange 
     --------------------------------  ---------------------------------------- 
 

Following the above transfer of shares, the interest of Tim Walton and his family remains unchanged at 12,599,977 Ordinary Shares in the Company.

For further information please contact:

 
LXB Adviser LLP               Tel: [phone] 
 Tim Walton, CEO 
 Brendan O'Grady, FD 
J.P. Morgan Cazenove (NOMAD)  Tel: [phone] 
 Bronson Albery/Paul Hewlett 
Buchanan                      Tel: [phone] 
 Charles Ryland/Henry Wilson 
 

Overseas jurisdictions

The release, publication or distribution of this announcement in, into or from jurisdictions other than the UK and Jersey may be restricted by law and therefore any persons who are subject to the law of any jurisdiction other than the UK and Jersey should inform themselves about, and observe, any applicable legal or regulatory requirements. Any failure to comply with the applicable restrictions may constitute a violation of the securities laws of any such jurisdiction.

Publication on website

A copy of this announcement is available on LXB's website (www.lxbproperties.com).

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 [e-mail] or visit www.rns.com.

END

DSHDMGGNZDFGRZM

(END) Dow Jones Newswires

July 04, 2018 09:00 ET (13:00 GMT)