23rd Jun 2023 11:16
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: | 22 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 | 583,408
617,047 | 1.6945 GBP
1.6950 GBP | 1.6480 GBP
1.6499 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 Short Position | 169 2,113 4,923 26,482 6,574 177 23,315 10 5,634
986 60,093 6,615 3,287 1,152 4,885 3,322 439 591 1,511
169 177 129 2,062 11,972 2 289 45,500 164 2,238 623 91,000 86 4,434
9,788 35,628 3,014 777 3,353 5,918 9,159 18,841 2,891 4,525 3,669 19,124 1,848 5,711 4,473 159 2,286
1,406 | 1.6501 GBP 1.6541 GBP 1.6550 GBP 1.6631 GBP 1.6667 GBP 1.6668 GBP 1.6698 GBP 1.6700 GBP 1.6702 GBP
1.6620 GBP 1.6699 GBP 1.6711 GBP 1.6721 GBP 1.6776 GBP 1.6816 GBP 1.6910 GBP 1.6925 GBP 1.6930 GBP 1.6942 GBP
1.6501 GBP 1.6668 GBP 1.6688 GBP 1.6692 GBP 1.6700 GBP 1.6701 GBP 1.6702 GBP 1.6717 GBP 1.6802 GBP 1.6840 GBP 1.6910 GBP 1.6912 GBP 1.6920 GBP 1.6935 GBP
1.6520 GBP 1.6533 GBP 1.6570 GBP 1.6584 GBP 1.6598 GBP 1.6604 GBP 1.6616 GBP 1.6647 GBP 1.6669 GBP 1.6670 GBP 1.6680 GBP 1.6700 GBP 1.6701 GBP 1.6713 GBP 1.6835 GBP 1.6860 GBP 1.6913 GBP
1.6701 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: | 23 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