LondonMetric Confirms Compliance with LXi REIT Acquisition Intentions
Why we think this is neutral
This RNS is a routine regulatory announcement confirming that LondonMetric has complied with its post-offer intention statements following the completion of its acquisition of LXi REIT over a year ago. There is no new financial or operational information provided, and no significant red flags or concerns have been identified.
Key Points
- LondonMetric confirms compliance with post-offer intentions for LXi REIT acquisition
- Acquisition of LXi REIT completed over a year ago in March 2024
- No new financial or operational information provided in this regulatory announcement
Summary
The real estate investment trust confirms it has met its commitments after acquiring a rival last year.
LondonMetric Property PLC, a FTSE 250 REIT, has confirmed in writing to the Panel on Takeovers and Mergers that it has complied with its post-offer intention statements made in relation to the acquisition of LXi REIT plc, which was completed on 5 March 2024. The announcement provides no further details on the integration or impact of the acquisition.
GENERAL UPDATE