4 Jul 2018 14:00
Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction
4 July 2018
LXB RETAIL PROPERTIES PLC
(the "Company")
PDMR Notification
LXB Retail Properties PLC, announces that on 4 July 2018 Tim Walton, a Principal of the Company's Investment Adviser, LXB 3 Partners LLP, gifted the beneficial interest of 6,299,988 ordinary shares of 100 pence each in the Company to his wife, Lucy Walton. The beneficial interest of Tim Walton and his closely associated persons remains unchanged. ("Ordinary Shares").
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
a) | Name | Timothy Paul Walton |
2 | Reason for the notification | |
a) | Position/status | PDMR Principal of the Company's Investment Adviser, LXB 3 Partners LLP |
b) | Initial notification /Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer auction monitor | |
a) | Name | LXB Retail Properties Plc |
b) | LEI | 213800JWFRYTKXAEOH60 |
4 | Details of the issuer, emission allowance market participant, auction platform, auctioneer auction monitor | |
a) | Description of the financial instrument, type of instrument
Identification Code | Ordinary Shares
JE00B4MFKH73 |
b) | Nature of the transaction | Transfer of the beneficial interest in 6,299,988 Ordinary Shares to his wife, Lucy Walton |
c) | Price(s) and Volume(s) | Price nil pence Volume 6,299,988 |
d) | Aggregated information
-Aggregated volume - Price |
6,299,988 ordinary shares in aggregate Nil pence |
e) | Date of transaction | 4 July 2018 |
f) | Place of transaction | London Stock Exchange |
Following the above transfer of shares, the interest of Tim Walton and his family remains unchanged at 12,599,977 Ordinary Shares in the Company.
For further information please contact:
LXB Adviser LLP Tim Walton, CEOBrendan O'Grady, FD
| Tel: 020 7432 7900 |
J.P. Morgan Cazenove (NOMAD) Bronson Albery/Paul Hewlett
| Tel: 020 7742 4000 |
Buchanan Charles Ryland/Henry Wilson | Tel: 020 7466 5000 |
Overseas jurisdictions
The release, publication or distribution of this announcement in, into or from jurisdictions other than the UK and Jersey may be restricted by law and therefore any persons who are subject to the law of any jurisdiction other than the UK and Jersey should inform themselves about, and observe, any applicable legal or regulatory requirements. Any failure to comply with the applicable restrictions may constitute a violation of the securities laws of any such jurisdiction.
Publication on website
A copy of this announcement is available on LXB's website (www.lxbproperties.com).