7th Jul 2023 11:01
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: | 6 July 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 | 780,243
668,755 | 1.7230 GBP
1.7370 GBP | 1.6415 GBP
1.6420 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 Short Position | 96 22,284 8,929 1,315 16,585 8,516 11,416 283 562
887 3,071 159,692 14,121 2,768 12,598 4,602 563 19,918 3,346 5,820 532 1,021 10,193 17 3,156
96 16,621 602 4,382 7,044 1,315 20,562 1,173 2,425
141,335 7,803 1,166 246 6,810 10,194 3,221 26 7,296 2,021 81 4,838 2,598 12,169
6,700 | 1.6428 GBP 1.6440 GBP 1.6443 GBP 1.6517 GBP 1.6553 GBP 1.6554 GBP 1.6656 GBP 1.6690 GBP 1.6740 GBP
1.6430 GBP 1.6439 GBP 1.6440 GBP 1.6472 GBP 1.6500 GBP 1.6508 GBP 1.6597 GBP 1.6600 GBP 1.6617 GBP 1.6636 GBP 1.6651 GBP 1.6660 GBP 1.6690 GBP 1.6700 GBP 1.6760 GBP 1.6887 GBP
1.6428 GBP 1.6438 GBP 1.6439 GBP 1.6476 GBP 1.6479 GBP 1.6517 GBP 1.6642 GBP 1.6690 GBP 1.6959 GBP
1.6440 GBP 1.6441 GBP 1.6460 GBP 1.6481 GBP 1.6488 GBP 1.6498 GBP 1.6499 GBP 1.6510 GBP 1.6527 GBP 1.6538 GBP 1.6560 GBP 1.6575 GBP 1.6611 GBP 1.6979 GBP
1.6442 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: | 7 July 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