21st May 2025 11:07
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: | 20 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 | 3,270,572
3,359,078 | 1.9720 GBP
1.9680 GBP | 1.9410 GBP
1.9410 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
| 18 54,628 9 12,663 29,712 6,317 50,204 70,720 32,252 1 75,253 1,791 64,253 119,782 357,391 357,391 34 20,236 21,697 2,700
8,630 6,897 15,945 838,612 311 9,209 21,812 926
9 9 2 24,076 32,730 140,300 14,082 468 13 5,845 140,300 739 478 1,249 31,018 144,449 51,240 50,708 37,344 96,506 1,762
803 361 5,154 20,559 2,948 29,174 462 141,949 99,992
14,748 17,946
16,744 4,147 11,803 | 1.9550 GBP 1.9561 GBP 1.9562 GBP 1.9588 GBP 1.9589 GBP 1.9590 GBP 1.9596 GBP 1.9601 GBP 1.9603 GBP 1.9610 GBP 1.9612 GBP 1.9627 GBP 1.9638 GBP 1.9639 GBP 1.9647 GBP 1.9653 GBP 1.9666 GBP 1.9670 GBP 1.9672 GBP 1.9690 GBP
1.9591 GBP 1.9592 GBP 1.9601 GBP 1.9616 GBP 1.9650 GBP 1.9652 GBP 1.9668 GBP 1.9672 GBP
1.9550 GBP 1.9561 GBP 1.9570 GBP 1.9597 GBP 1.9600 GBP 1.9602 GBP 1.9615 GBP 1.9617 GBP 1.9620 GBP 1.9623 GBP 1.9632 GBP 1.9638 GBP 1.9639 GBP 1.9644 GBP 1.9648 GBP 1.9653 GBP 1.9655 GBP 1.9664 GBP 1.9669 GBP 1.9670 GBP 1.9680 GBP
1.9540 GBP 1.9550 GBP 1.9588 GBP 1.9596 GBP 1.9597 GBP 1.9625 GBP 1.9632 GBP 1.9670 GBP 1.9671 GBP
1.9619 GBP 1.9622 GBP
1.9585 GBP 1.9670 GBP 1.9671 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: | 21 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