11th Apr 2025 11:20
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: | 10 April 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" | No |
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 | 3,226,651
2,519,372 | 1.8130 GBP
1.8080 GBP | 1.7690 GBP
1.7710 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
| 2,699 3,085 42 262 11,380 5,100 7,260 18 6 17,144 39,914 176,688 11,400 51,269 685 123 4,772 318,273 44,254 180 32
11,983 517,611 112,372 2,749
1,334 26,319 992 114 4,511 628 2,071 69 11,566 11,246 4,669 3,885 39,024 9,722 23 827 86 26,094 5,100 237 2,589 15,978 20,250 53 99
742,951 371,624
7,177 1,116 40,159
950 27,671 1,800 | 1.7711 GBP 1.7760 GBP 1.7765 GBP 1.7844 GBP 1.7875 GBP 1.7876 GBP 1.7892 GBP 1.7897 GBP 1.7898 GBP 1.7900 GBP 1.7901 GBP 1.7913 GBP 1.7917 GBP 1.7932 GBP 1.7938 GBP 1.7961 GBP 1.7962 GBP 1.7967 GBP 1.7975 GBP 1.7991 GBP 1.8010 GBP
1.7878 GBP 1.7900 GBP 1.7932 GBP 1.8027 GBP
1.7750 GBP 1.7769 GBP 1.7780 GBP 1.7791 GBP 1.7810 GBP 1.7829 GBP 1.7855 GBP 1.7861 GBP 1.7888 GBP 1.7894 GBP 1.7897 GBP 1.7898 GBP 1.7899 GBP 1.7900 GBP 1.7907 GBP 1.7919 GBP 1.7922 GBP 1.7941 GBP 1.7950 GBP 1.7978 GBP 1.7989 GBP 1.8018 GBP 1.8029 GBP 1.8045 GBP 1.8050 GBP
1.7900 GBP 1.7960 GBP
1.7900 GBP 1.7930 GBP 1.7988 GBP
1.7870 GBP 1.8016 GBP 1.8051 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: | 11 April 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