LXI.L Share Price (LXI)

The merger for each LXi Share held: 0.55 New LondonMetric Shares represents a premium of approximately 9 per cent to the Undisturbed Closing Price per LXi Share of 99.5 pence.

Dividends - LXi Shareholders will be entitled to receive and retain LXi's third quarterly dividend in respect of the quarter ended 31 Dec 2023, which is expected to be declared in Jan 24 and paid in Feb 24 to LXi Shareholders.

LondonMetric is targeting a FY24 dividend increase of 7.4 per cent. to 10.2p per share.

I will be voting for this

GLA

Who’s got it and who ain’t it. In a uncertain time a stronger company all better & good debt not issue but I’d need to know more about merger and London metric balance sheets ect

Performance comparison total return with dividends included 1, 3 & 5 years

LondonMetric Prop Ord 13.52% -3.53% 28.32%

LXI REIT -11.82% -5.71% 2.1%

LXI poor in comparison.

I think it would be an all share offer as LMP is £2B and LXI is £1.7B so almost a merger of equals.

GLA

Merger talks between LXi and LondonMetric are being reported