19th Jun 2023 11:38
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | LondonMetric Property plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor and corporate broker to LondonMetric Property plc |
(d) Date dealing undertaken: | 16 June 2023 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, CT Property Trust Limited |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
10p ordinary | Purchase
Sale | 2,154,901
2,113,797 | 1.7850 GBP
1.7830 GBP | 1.7470 GBP
1.7520 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
10p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
| 20 1,919 31,043 14,166 13,303 33,175 1,590 6,258 18,591 15,627 198 12,469 4,547 1,245 150
1,843 1 900 2,837 12,788 5,869 718 911 10,138 36 3,386 1,141 2,688 234,416
643 5,087 1,312 910 35 198 20,926 179,969 57 914 5,000 150
2,202 2,619 50,115 12,371 1,668 5,636 2,108 269 993 1 2,896 217,066 2,259 1,730 | 1.7531 GBP 1.7621 GBP 1.7690 GBP 1.7697 GBP 1.7698 GBP 1.7709 GBP 1.7722 GBP 1.7724 GBP 1.7726 GBP 1.7750 GBP 1.7753 GBP 1.7770 GBP 1.7772 GBP 1.7778 GBP 1.7779 GBP
1.7548 GBP 1.7660 GBP 1.7670 GBP 1.7677 GBP 1.7696 GBP 1.7699 GBP 1.7700 GBP 1.7710 GBP 1.7715 GBP 1.7719 GBP 1.7721 GBP 1.7730 GBP 1.7769 GBP 1.7770 GBP
1.7520 GBP 1.7542 GBP 1.7649 GBP 1.7683 GBP 1.7688 GBP 1.7753 GBP 1.7758 GBP 1.7767 GBP 1.7769 GBP 1.7770 GBP 1.7778 GBP 1.7779 GBP
1.7679 GBP 1.7694 GBP 1.7704 GBP 1.7722 GBP 1.7726 GBP 1.7728 GBP 1.7733 GBP 1.7740 GBP 1.7745 GBP 1.7750 GBP 1.7753 GBP 1.7770 GBP 1.7771 GBP 1.7776 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
|
|
|
|
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
|
|
|
|
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
|
| Date of disclosure: | 19 June 2023 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
LondonMetric