25th May 2023 11:37
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: | 24 May 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 | 1,237,235
3,119,102 | 1.8420 GBP
1.8420 GBP | 1.7050 GBP
1.7050 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 | 12,250 13,041 59,131 7,186 61,619 10,992 13,932 2,682 3,718 5,993 7,220 206,855 4,498 593 2,863 1,992 1,144
7,794 18,625 65,965 1
53,813 637 18,727 1,212 3,589 11,821 4,060 8,800 484 4,737 43,145 162,793 2,864 593 33 1,253
8,800 198 12,844 1,076 1
19,565 6,084 159,250 91,000 182,000 59,150 113,750 273,000 705,250 147,875 236 68,250 91,000
236 | 1.7338 GBP 1.7516 GBP 1.7523 GBP 1.7682 GBP 1.7740 GBP 1.7768 GBP 1.7794 GBP 1.7823 GBP 1.7827 GBP 1.7828 GBP 1.7839 GBP 1.7850 GBP 1.7852 GBP 1.7884 GBP 1.7898 GBP 1.7992 GBP 1.8040 GBP
1.7619 GBP 1.7620 GBP 1.7741 GBP 1.8000 GBP
1.7620 GBP 1.7709 GBP 1.7728 GBP 1.7769 GBP 1.7770 GBP 1.7819 GBP 1.7820 GBP 1.7825 GBP 1.7840 GBP 1.7848 GBP 1.7849 GBP 1.7850 GBP 1.7870 GBP 1.7884 GBP 1.8010 GBP 1.8420 GBP
1.7695 GBP 1.7850 GBP 1.7851 GBP 1.7852 GBP 1.8060 GBP
1.7369 GBP 1.7559 GBP 1.7671 GBP 1.7684 GBP 1.7711 GBP 1.7741 GBP 1.7771 GBP 1.7791 GBP 1.7793 GBP 1.7801 GBP 1.7850 GBP 1.7916 GBP 1.8013 GBP
1.7850 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: | 25 May 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