23rd Apr 2025 10:46
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: | 22 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 | 1,489,793
1,486,940 | 1.9320 GBP
1.9350 GBP | 1.9030 GBP
1.9095 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
Opening a Long Position
Opening a Short Position
| 18,377 13,185 19,416 71,552 98,342 134,567 36,131 23,780 2,091 8,066 43,442 5 2,237 62,275 292 22,861 801 39,981 101,896 13 1 1 1 4,784
15,100
36,173 33,297 2,487 280,600 1,775 21,820 381 8,144 101,494 3 40,588 56,120 3,719 1 1,275 3,999 969
51,331 172,582 2,176 16,235
91,917 92,103 870 3,859 2,244 | 1.9072 GBP 1.9073 GBP 1.9088 GBP 1.9090 GBP 1.9098 GBP 1.9100 GBP 1.9101 GBP 1.9103 GBP 1.9112 GBP 1.9115 GBP 1.9116 GBP 1.9120 GBP 1.9121 GBP 1.9126 GBP 1.9133 GBP 1.9140 GBP 1.9141 GBP 1.9143 GBP 1.9174 GBP 1.9177 GBP 1.9220 GBP 1.9270 GBP 1.9290 GBP 1.9300 GBP
1.9062 GBP
1.9099 GBP 1.9100 GBP 1.9102 GBP 1.9124 GBP 1.9190 GBP 1.9197 GBP 1.9201 GBP 1.9206 GBP 1.9216 GBP 1.9220 GBP 1.9223 GBP 1.9237 GBP 1.9256 GBP 1.9260 GBP 1.9270 GBP 1.9288 GBP 1.9290 GBP
1.9095 GBP 1.9100 GBP 1.9119 GBP 1.9292 GBP
1.9101 GBP 1.9129 GBP 1.9186 GBP 1.9214 GBP 1.9258 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 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