Vanguard Group Discloses Position in LXi REIT plc Amid Takeover Speculations

The Vanguard Group, Inc., a global financial institution, has disclosed its significant interests in LXi REIT plc, a key player in the real estate investment trust sector. According to the announcement made on 29 February 2024, Vanguard holds a 4.76% interest in LXi REIT, amounting to 81,583,310 shares. This disclosure comes under Rule 8.3 of the Takeover Code, indicating the significance of this position amidst ongoing market speculations.

In addition to LXi REIT, Vanguard has also disclosed its dealings with LondonMetric Property plc, hinting at strategic movements within the real estate investment sector. The financial institution made a purchase of 23,348 LXi REIT shares on 28 February 2024 at a price of 0.99 GBP per share, further solidifying its stake.

The announcement also clarifies that there are no agreements, arrangements, or understandings related to the voting rights of any relevant securities under any option, or regarding the future acquisition or disposal of any relevant securities to which any derivative is referenced. Vanguard's involvement is purely based on market positions without any underlying indemnity or option arrangements influencing transaction decisions.