8th May 2025 11:11
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: | 7 May 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" | Yes , Urban Logistics REIT plc |
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 | 1,862,084
2,136,714 | 1.9541 GBP
1.9540 GBP | 1.9240 GBP
1.9240 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
| 1 24,122 16,689 83,635 14,857 70,591 2 68,724 4,206 28,784 2 1 6,998 95,923 81,110 12,924 9,435 18,740 245,617 68 4
193,928 404 6,390 23,044 31,273 18,853 57
1 822,817 1,990 777 12,661 6,420 35,454 34,145 4,553 15,926 9,496 1 2 3,740 40,393 10,098
1,434 600 17,083 2,869 43,194 1,174 146,770 676
2,132 1,937 91,871
6,390 70,686 14,795 2,132 | 1.9270 GBP 1.9291 GBP 1.9303 GBP 1.9304 GBP 1.9305 GBP 1.9308 GBP 1.9315 GBP 1.9320 GBP 1.9322 GBP 1.9324 GBP 1.9335 GBP 1.9340 GBP 1.9342 GBP 1.9347 GBP 1.9363 GBP 1.9364 GBP 1.9365 GBP 1.9369 GBP 1.9370 GBP 1.9371 GBP 1.9375 GBP
1.9301 GBP 1.9320 GBP 1.9326 GBP 1.9340 GBP 1.9352 GBP 1.9367 GBP 1.9368 GBP
1.9260 GBP 1.9267 GBP 1.9271 GBP 1.9280 GBP 1.9291 GBP 1.9300 GBP 1.9304 GBP 1.9306 GBP 1.9307 GBP 1.9308 GBP 1.9317 GBP 1.9320 GBP 1.9335 GBP 1.9347 GBP 1.9354 GBP 1.9364 GBP
1.9290 GBP 1.9305 GBP 1.9310 GBP 1.9370 GBP 1.9371 GBP 1.9382 GBP 1.9385 GBP 1.9541 GBP
1.9289 GBP 1.9321 GBP 1.9370 GBP
1.9271 GBP 1.9299 GBP 1.9303 GBP 1.9370 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: | 8 May 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