10th Apr 2025 11:02
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: | 9 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 | 3,690,456
1,984,010 | 1.7316 GBP
1.7340 GBP | 1.6773 GBP
1.6737 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
| 60 9,750 7,459 8 27,448 38,719 20,642 34,511 47 2,761 6,466 3,461 37,716 10 975 5,049 4,243 11,669 301 10 2,965
568 14,545
5,781 14,614 59,952 22,183 35,111 47 9,304 4,198 18,366 958 27,244 1,079 36,089 22,271 39,914 60,107 11,860 5,783 13 10 61 1,595 686
472,410 314,938 889,510
6,169 4,392 81,762 49,651
1,107 1,881 92,959 2,109 284,438 | 1.6849 GBP 1.6898 GBP 1.6913 GBP 1.6923 GBP 1.6937 GBP 1.6965 GBP 1.6970 GBP 1.6981 GBP 1.6991 GBP 1.7003 GBP 1.7016 GBP 1.7025 GBP 1.7066 GBP 1.7068 GBP 1.7077 GBP 1.7090 GBP 1.7091 GBP 1.7093 GBP 1.7117 GBP 1.7199 GBP 1.7296 GBP
1.7090 GBP 1.7201 GBP
1.6737 GBP 1.6805 GBP 1.6912 GBP 1.6948 GBP 1.6989 GBP 1.6990 GBP 1.7011 GBP 1.7039 GBP 1.7053 GBP 1.7060 GBP 1.7064 GBP 1.7065 GBP 1.7072 GBP 1.7077 GBP 1.7089 GBP 1.7090 GBP 1.7163 GBP 1.7182 GBP 1.7190 GBP 1.7198 GBP 1.7273 GBP 1.7290 GBP 1.7329 GBP
1.6790 GBP 1.6791 GBP 1.6997 GBP
1.6890 GBP 1.7028 GBP 1.7048 GBP 1.7090 GBP
1.7001 GBP 1.7011 GBP 1.7031 GBP 1.7036 GBP 1.7090 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: | 10 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