15th Apr 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: | 14 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" | 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 | 2,211,293
1,384,115 | 1.8652 GBP
1.8655 GBP | 1.8350 GBP
1.8350 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
| 2 2 36,992 610 3,725 956 174,718 5,745 48,686 43,622 73,765 96,178 46,153 3,515 24,042 13,329 53,718 6,781 4,581 6,646 6,555 10,734 36,007
1,003 378 250 248,712 44,036 2,938 5,061 22,080
2 1,449 8,079 14,708 10,935 3,852 61,801 32,006 20,216 42,292 4,123 36 4 8,941 3,062 16,957 106 8,100 18
43,020 150,400 231,760 74,637 362,602 1,638 10,266 25,145 66,614 15,040
31 172,148 33,280 | 1.8360 GBP 1.8380 GBP 1.8400 GBP 1.8401 GBP 1.8460 GBP 1.8470 GBP 1.8480 GBP 1.8481 GBP 1.8483 GBP 1.8492 GBP 1.8513 GBP 1.8515 GBP 1.8532 GBP 1.8535 GBP 1.8537 GBP 1.8543 GBP 1.8546 GBP 1.8570 GBP 1.8598 GBP 1.8606 GBP 1.8614 GBP 1.8642 GBP 1.8648 GBP
1.8397 GBP 1.8439 GBP 1.8477 GBP 1.8480 GBP 1.8484 GBP 1.8519 GBP 1.8538 GBP 1.8542 GBP
1.8360 GBP 1.8400 GBP 1.8457 GBP 1.8466 GBP 1.8467 GBP 1.8476 GBP 1.8479 GBP 1.8480 GBP 1.8490 GBP 1.8499 GBP 1.8506 GBP 1.8510 GBP 1.8515 GBP 1.8522 GBP 1.8529 GBP 1.8547 GBP 1.8600 GBP 1.8615 GBP 1.8630 GBP
1.8441 GBP 1.8473 GBP 1.8475 GBP 1.8480 GBP 1.8487 GBP 1.8521 GBP 1.8527 GBP 1.8601 GBP 1.8614 GBP 1.8631 GBP
1.8470 GBP 1.8545 GBP 1.8635 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: | 15 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