31st May 2023 11:28
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: | 30 May 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 | 1,221,553
2,428,018 | 1.7580 GBP
1.7640 GBP | 1.7260 GBP
1.7260 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
| 116 537 4,562 182 1,341 253 4,797 6,021 1,675 597 2,603 348 83,996 26,470 2 1,100 196 512 5,435 724 546 17,179 35,654 8,233 2,534 2,501 3,770 22,089 83,119 2,975 2,884 937 89
29,232 2,799 3 4 48 1 1,158,539
1,718 320,146 2,008 3,671 909 243,420 45,705 134,675 11,150 275 13,964 79,500 7,569
427,852 3,124 15,682 4 21,596 2,798 1,419 698
5,386
2,868 2,518 | 1.7262 GBP 1.7295 GBP 1.7321 GBP 1.7342 GBP 1.7344 GBP 1.7364 GBP 1.7368 GBP 1.7378 GBP 1.7391 GBP 1.7397 GBP 1.7403 GBP 1.7405 GBP 1.7416 GBP 1.7418 GBP 1.7420 GBP 1.7424 GBP 1.7427 GBP 1.7428 GBP 1.7430 GBP 1.7431 GBP 1.7432 GBP 1.7435 GBP 1.7444 GBP 1.7447 GBP 1.7449 GBP 1.7460 GBP 1.7461 GBP 1.7467 GBP 1.7468 GBP 1.7470 GBP 1.7533 GBP 1.7534 GBP 1.7590 GBP
1.7260 GBP 1.7427 GBP 1.7438 GBP 1.7445 GBP 1.7460 GBP 1.7580 GBP 1.7640 GBP
1.7340 GBP 1.7370 GBP 1.7384 GBP 1.7418 GBP 1.7430 GBP 1.7431 GBP 1.7438 GBP 1.7445 GBP 1.7457 GBP 1.7458 GBP 1.7459 GBP 1.7460 GBP 1.7487 GBP
1.7260 GBP 1.7403 GBP 1.7444 GBP 1.7445 GBP 1.7459 GBP 1.7460 GBP 1.7461 GBP 1.7462 GBP
1.7390 GBP
1.7336 GBP 1.7460 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: | 31 May 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