Full details on the LXB Retail Properties Plc corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
LXB Retail Properties Plc

LXB Retail Properties Plc – Scheme of Arrangement

Corporate action reference: 201601481
 
Please note we must be in receipt of your instruction by 17 October 2016.
 

KEY DATES

Record Date - 21 October 2016

EVENT TERMS

The Company is proposing a return of approximately GBP 30,303,000 equivalent to GBP 0.18 per share. Shareholders have the option to receive their cash as Income or Capital. Shareholders can elect for:

Income Option

Holders electing for the Income option will receive a dividend of GBP0.18 to be declared by 24 October 2016 and payable by 3 November 2016.

Or

Capital Option

Holders electing for the Capital option will receive 1 B share for each share held. The B shares will be purchased for GBP0.18 with redemption payment to be made by 3 November 2016.
 
Shareholders who do not make election will be deemed to have elected for the Income option (Option 1).
 

If you would like further information about the terminology used in this notification, please visit our Ask a Question site

 

EVENT OPTIONS:

Option 1 - Income Option (Default)

IF YOU WANT TO RECEIVE THE INCOME OPTION, OPTION 1, PLEASE DO NOT REPLY.

Option 2 - Capital Option

To reply to this event, please use the below link stating which option you would like to take.

 

ADDITIONAL INFORMATION

The B shares will not be admitted to the official list or to trading on the London Stock Exchange or any other investment exchange.

We will aim to update your account within five business days of receiving the proceeds.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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