29th Jun 2023 10:36
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: | 28 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 | 806,518
1,060,044 | 1.6761 GBP
1.6760 GBP | 1.6205 GBP
1.6210 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
| 482 3,783 4,570 134 43,147 2 2 22,833 5,838 6,157 23,231 115
65 470 53 2,809 439 174 1,283 6,550 117 2,597 1,429 866 9,406 161,888
84 641 748 566 11,514 154,700 65,470 5,662 158 797 2 26,699 16,989 115
812 68 3,430 16,088 4,523 5,134 3,028 1,969 1,446 575 119,858 1,498 | 1.6290 GBP 1.6311 GBP 1.6477 GBP 1.6494 GBP 1.6620 GBP 1.6693 GBP 1.6697 GBP 1.6760 GBP 1.6761 GBP 1.6762 GBP 1.6763 GBP 1.6889 GBP
1.6380 GBP 1.6399 GBP 1.6509 GBP 1.6554 GBP 1.6578 GBP 1.6616 GBP 1.6640 GBP 1.6657 GBP 1.6659 GBP 1.6660 GBP 1.6688 GBP 1.6696 GBP 1.6759 GBP 1.6760 GBP
1.6245 GBP 1.6250 GBP 1.6275 GBP 1.6280 GBP 1.6476 GBP 1.6483 GBP 1.6596 GBP 1.6629 GBP 1.6656 GBP 1.6660 GBP 1.6693 GBP 1.6705 GBP 1.6758 GBP 1.6889 GBP
1.6312 GBP 1.6371 GBP 1.6506 GBP 1.6551 GBP 1.6566 GBP 1.6597 GBP 1.6665 GBP 1.6670 GBP 1.6680 GBP 1.6681 GBP 1.6760 GBP 1.6761 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: | 29 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