on The Vanguard Group, Inc. (isin : US12572Q1058)
The Vanguard Group, Inc. Announces Stake in LXi REIT plc
The Vanguard Group, Inc. has publicly disclosed its position in LXi REIT plc, revealing an ownership exceeding the 1% threshold that mandates disclosure under Rule 8.3 of the Takeover Code. As of 29 February 2024, The Vanguard Group holds a significant 4.76% interest in LXi REIT plc, with a total of 81,546,967 shares.
Additionally, the disclosure mentioned dealings with LondonMetric Property plc but primarily focused on its substantial holding in LXi REIT plc. This position represents a strategic investment for The Vanguard Group within the UK real estate investment trust (REIT) sector. The disclosed transaction involving LXi REIT plc included a sale of 36,343 shares at a price of 0.99 GBP per 1p ordinary share.
The Vanguard Group, a prominent investor in various asset classes, did not report any commitments, letters of intent, or derivative transactions related to this disclosure. The firm's interest in LXi REIT plc underscores the dynamic movements and strategic positions large investment entities are making within the UK's property market.
R. P.
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