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Share Name Share Symbol Market Type Share ISIN Share Description
Lxi Reit Plc LSE:LXI London Ordinary Share GB00BYQ46T41 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.80 -1.22% 145.60 145.60 145.80 147.20 145.00 147.00 767,953 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 42.8 39.9 7.6 19.2 1,019

LXI REIT PLC Statement regarding press speculation

09/09/2021 5:47pm

UK Regulatory (RNS & others)


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RNS Number : 3315L

LXI REIT PLC

09 September 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

LXi REIT plc ("LXi REIT")

Statement regarding press speculation

Further to recent press speculation, the Board of LXi REIT (ticker: LXI) confirms that it was involved in very preliminary discussions with Secure Income REIT plc (ticker: SIR) ("Secure Income REIT") around a potential merger of the two businesses, but that it is no longer reviewing this opportunity.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 LXI REIT Advisors Limited                  Via Maitland/AMO 
  John White, Simon Lee, Freddie Brooks 
 
 Jefferies International Limited            020 7029 8000 
  Ed Matthews , Tom Yeadon, Paul Bundred     lxi@jefferies.com 
                                           --------------------------------- 
 
 Peel Hunt LLP 
  Luke Simpson, Liz Yong                    020 7418 8900 
                                           --------------------------------- 
 
 Maitland/AMO (Communications Adviser)      07747 113 930 
  James Benjamin                             lxireit-maitland@maitland.co.uk 
                                           --------------------------------- 
 

This announcement constitutes a statement pursuant to Rule 2.8 of the Code and accordingly, LXi REIT is bound by the restrictions under Rule 2.8 of the Code for six months following the date of this announcement. For the purpose of Rule 2.8 of the Code, LXi REIT, and any person(s) acting in concert with it, reserve the right to make or participate in an offer, or possible offer, for Secure Income REIT (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within six months of the date of this announcement:

a) with the agreement of the Board of Directors of Secure Income REIT;

b) following the announcement of a firm intention to make an offer for Secure Income REIT by or on behalf of a third party;

c) following the announcement by Secure Income REIT of a "whitewash" (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or

d) where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The release, publication or distribution of this announcement in whole or in part, directly or indirectly, in, into or from certain jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

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 or visit 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.

END

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September 09, 2021 12:47 ET (16:47 GMT)

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