LXB Lxb Retail Properties Plc

TIDMLXB

RNS Number : 6719R

LXB Retail Properties Plc

04 March 2019

LXB Retail Properties Plc

(the "Company" or the "Group")

Proposed cancellation of trading in the Ordinary Shares on AIM and delisting of the Ordinary Shares from the International Stock Exchange

Proposed Company Dissolution and Dissolution Return of Capital

and

Notices of Extraordinary General Meeting and Annual General Meeting

LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, announces that on 1 March 2019 it posted to its shareholders ("Shareholders") a circular (the "Circular") regarding:

-- completion of the reorganisation of the Group being effected by a Jersey Scheme of Arrangement, sanctioned by the Royal Court of Jersey Samedi Division (the "Court") on 16 March 2018, including the proposal to file an application with the Court to sanction the dissolution of the Company under Article 127(2)(iv) of the Companies (Jersey) Law 1991 ("Company Dissolution");

-- the convening of a meeting of the Shareholders to consider the cancellation of trading in ordinary shares in the capital of the Company (the "Ordinary Shares") on AIM and delisting of the Ordinary Shares from the International Stock Exchange (the "Extraordinary General Meeting"), the notice of which is contained in the Circular; and

-- the convening by the Company of its 2019 annual general meeting (the "Annual General Meeting"), notice of which is contained in the Circular.

Both the Extraordinary General Meeting and the Annual General Meeting have been convened for 26 March 2019 at the offices of the Company Secretary, Intertrust Fund Services (Jersey) Limited, 44 Esplanade, St Helier, Jersey, JE4 9WG. The Extraordinary General Meeting will commence at

10.00 am and the Annual General Meeting will commence at 10.30 am (or soon thereafter as the Extraordinary General Meeting is concluded or adjourned).

Detailed instructions on the actions to be taken by Shareholders in relation to both the Extraordinary General Meeting and the Annual General Meeting are set out in the Circular.

Copies of the Circular are now available on the Company's website (www.lxbproperties.com)

For further information please contact:

LXB3 Partners LLP Tel: 020 7432 7900

Tim Walton, CEO

J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000

Bronson Albery/Paul Hewlett

Buchanan Tel: 020 7466 5000

Charles Ryland/Henry Wilson

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NOAEASDDESENEFF

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March 04, 2019 02:01 ET (07:01 GMT)

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