28th Mar 2025 10:59
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: | Corporate Broker to LondonMetric Property plc |
(d) Date dealing undertaken: | 27 March 2025 |
(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, LXi REIT plc |
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 | 906,721
645,388 | 1.8150 GBP
1.8140 GBP | 1.7950 GBP
1.7946 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
| 4,471 277,944 172 28,158 303 15,545 254 15,033 15 6,522 2,913 8,834 977 876
2,940 843
23,156 53,771 109 5,566 45,354 8,917 19,263 35 114 20,894 31 137 2 1,371 12 56,993 965 20,220 13,254
518 27,039 18,382 64,435 22,470 | 1.7952 GBP 1.7960 GBP 1.7961 GBP 1.8025 GBP 1.8030 GBP 1.8039 GBP 1.8040 GBP 1.8048 GBP 1.8050 GBP 1.8051 GBP 1.8053 GBP 1.8067 GBP 1.8128 GBP 1.8140 GBP
1.7959 GBP 1.7960 GBP
1.7959 GBP 1.7960 GBP 1.7970 GBP 1.7974 GBP 1.7984 GBP 1.7988 GBP 1.8001 GBP 1.8009 GBP 1.8023 GBP 1.8026 GBP 1.8027 GBP 1.8029 GBP 1.8040 GBP 1.8048 GBP 1.8050 GBP 1.8058 GBP 1.8091 GBP 1.8093 GBP 1.8095 GBP
1.7960 GBP 1.7961 GBP 1.7963 GBP 1.7990 GBP 1.8015 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: | 28 March 2025 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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