15 Nov 2016 15:30
LXB Retail Properties Plc
(the "Company" or the "Group")
Director/PDMR Shareholding
The Company was informed on 11 November 2016 that at 8.49am on that day 13,221 shares in the Company were purchased in a Self-Invested Pension Plan ('SIPP') for the benefit of Giles Haywood of LXB3 Partners LLP at a price of 49.347 pence per share. The purchase was undertaken without Mr Haywood's prior knowledge and resulted from a misunderstanding about the existence of a standing instruction for the SIPP's broker to reinvest dividends from the Company. As soon as the matter came to his attention Mr Haywood requested that the effect of the transaction be unwound and at 12.28pm on 11 November 2016, the SIPP sold 13,221 shares in the Company at a price of 48.5 pence per share. Inclusive of costs, the SIPP incurred a loss of £171.98 on these transactions.
Following these transactions Giles Haywood continues to holds 36,303 shares in the Company which represents 0.02% of the Company's issued share capital.
The group headed by LXB3 Partners LLP includes LXB Adviser LLP which is the Investment Adviser to the LXB Retail Properties Plc Group. Following the above transactions, the individual members of LXB3 Partners LLP (and their spouses) continue to hold an aggregate total of 19,645,344 shares in the Company, which represents 11.67% of the Company's issued share capital.
For further information please contact:
LXB Adviser LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000
Bronson Albery / Paul Hewlett
Buchanan Tel: 020 7466 5000
Charles Ryland/Vicky Hayns/Patrick Hanrahan