LXI REIT PLC Appointment of Joint Corporate Broker (1814A)
September 28 2020 - 1:00AM
UK Regulatory
TIDMLXI
RNS Number : 1814A
LXI REIT PLC
28 September 2020
28 September 2020
LXi REIT plc
(the "Company" or the "Group")
APPOINTMENT OF JOINT CORPORATE BROKER
The Board of LXI REIT plc (LXI) announces that it has appointed,
with immediate effect, Jefferies International Ltd as the Company's
joint corporate broker, alongside the Company's existing corporate
broker Peel Hunt LLP.
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited Via Maitland/AMO
John White (Partner, Fund Manager)
Simon Lee (Partner, Fund Manager)
Peel Hunt LLP Tel: 020 7418 8900
Luke Simpson/Liz Yong
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J efferies International Tel: 020 7029 8000
Ed Matthews/Tom Yeadon
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Maitland/AMO (Communications Adviser) Tel: 020 7379 5151
James Benjamin Email: lxireit-maitland@maitland.co.uk
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The Company's LEI is: 2138008YZGXOKAXQVI45
NOTES:
LXI REIT plc invests in UK commercial property assets let, or
pre-let, on very long (typically 20 to 30 years to expiry or first
break), inflation-linked leases to a wide range of strong tenant
covenants across a diverse range of robust property sectors.
The Company may invest in fixed-price forward funded
developments, provided they are pre-let to an acceptable tenant and
full planning permission is in place. The Company will not
undertake any direct development activity nor assume direct
development risk.
The Company is targeting a quarterly dividend of 1.35 pence per
ordinary share for the quarter that commenced 1 July 2020.* It will
continue to monitor the improving visibility on its future rent
collection as the UK moves out of lockdown and is keeping its
dividend guidance under careful review on a quarterly basis.
The Company, a real estate investment trust ( " REIT " )
incorporated in England and Wales, is listed on the premium listing
segment of the Official List of the UK Listing Authority and was
admitted to trading on the main market for listed securities of the
London Stock Exchange in February 2017.
The Company is a constituent of the FTSE 250, EPRA/NAREIT and
MSCI indices.
Further information on the Company is available at
www.lxireit.com
* These are guidance levels or targets only and not a profit
forecast and there can be no assurance that they will be met.
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END
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