28th May 2025 11:28
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: | 27 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 | 2,208,316
2,245,730 | 2.0000 GBP
2.0020 GBP | 1.9800 GBP
1.9824 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
| 3,638 17,401 1 3 63,611 23,866 213,566 35,266 15,165 205,305 54,368 8,308 78,248 5,757 13,506
12,681 177,767 14,788 75,311 63,007 2,756
1 11,399 1 3 420 15,698 2,924 1,464 176,463 51,155 21,996 96,491 154 8,699 273
9,245 3,854 15,806 482 25,336 388 1,171 1,604
3,855 38,528 7,632
3,855 45,256 904 | 1.9854 GBP 1.9874 GBP 1.9890 GBP 1.9892 GBP 1.9893 GBP 1.9903 GBP 1.9911 GBP 1.9920 GBP 1.9923 GBP 1.9924 GBP 1.9932 GBP 1.9938 GBP 1.9954 GBP 1.9957 GBP 1.9971 GBP
1.9878 GBP 1.9908 GBP 1.9918 GBP 1.9919 GBP 1.9930 GBP 2.0019 GBP
1.9840 GBP 1.9843 GBP 1.9890 GBP 1.9891 GBP 1.9895 GBP 1.9907 GBP 1.9910 GBP 1.9919 GBP 1.9920 GBP 1.9926 GBP 1.9932 GBP 1.9935 GBP 1.9945 GBP 1.9949 GBP 1.9960 GBP
1.9913 GBP 1.9920 GBP 1.9921 GBP 1.9923 GBP 1.9925 GBP 1.9970 GBP 1.9990 GBP 2.0000 GBP
1.9870 GBP 1.9902 GBP 1.9907 GBP
1.9916 GBP 1.9920 GBP 1.9941 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: | 28 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