15th Jun 2023 11:06
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: | 14 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 | 2,199,057
1,847,042 | 1.8025 GBP
1.8200 GBP | 1.7760 GBP
1.7760 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
Opening a Long Position
Opening a Short Position | 7,021 11,602 2,906 1,316 4,806 4,461 21,402 13,815 11,114 22,520 41,239 13,600 25,242
1,051 19,348 55,006 53,404 5 444 2,177 1,162 930 4,867 102
153,617 4,806 2,856 45,500 134 4,699 68,250 5,555
565 18,468 2,799 251 2,806 2,147 786 9,534 10,793 5,286 26 8,087 8,556 1,122 2,453 1,922
338
473 | 1.7800 GBP 1.7802 GBP 1.7817 GBP 1.7829 GBP 1.7832 GBP 1.7847 GBP 1.7854 GBP 1.7859 GBP 1.7916 GBP 1.7924 GBP 1.7925 GBP 1.7946 GBP 1.7999 GBP
1.7770 GBP 1.7799 GBP 1.7800 GBP 1.7833 GBP 1.7860 GBP 1.7870 GBP 1.7922 GBP 1.7940 GBP 1.7994 GBP 1.7999 GBP 1.8200 GBP
1.7800 GBP 1.7832 GBP 1.7859 GBP 1.7925 GBP 1.7973 GBP 1.7998 GBP 1.8001 GBP 1.8004 GBP
1.7770 GBP 1.7801 GBP 1.7820 GBP 1.7836 GBP 1.7851 GBP 1.7865 GBP 1.7870 GBP 1.7877 GBP 1.7897 GBP 1.7909 GBP 1.7910 GBP 1.7914 GBP 1.7919 GBP 1.7924 GBP 1.7939 GBP 1.7940 GBP
1.7800 GBP
1.7800 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 |
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(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) |
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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
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(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
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| Date of disclosure: | 15 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