9th Jun 2023 10:30
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: | 8 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 | 406,168
501,898 | 1.9170 GBP
1.9170 GBP | 1.8600 GBP
1.8618 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
| 1,805 820 5,064 26,858 711 46 2,294 1,821 31 254 6,197 1,554 1,427 1 2,757 1,831 1,927 1,286 2,880 1,322
6 3,957 6 201 10,237 1 24,629 6,321
12 5,064 7,485 9,674 40,425 361 254 1,805 4,894 14,839 227 1,873 2,590 764 42 623 169 26 2,413 15,252 1,182 229 1,170 1,781 601 401 805 1,977 2,546 459
8,828 2,407 6 | 1.8611 GBP 1.8615 GBP 1.8635 GBP 1.8660 GBP 1.8663 GBP 1.8681 GBP 1.8701 GBP 1.8720 GBP 1.8722 GBP 1.8727 GBP 1.8798 GBP 1.8819 GBP 1.8863 GBP 1.8880 GBP 1.8952 GBP 1.8959 GBP 1.8963 GBP 1.8965 GBP 1.8976 GBP 1.9173 GBP
1.8639 GBP 1.8659 GBP 1.8668 GBP 1.8799 GBP 1.8859 GBP 1.8860 GBP 1.8920 GBP 1.8932 GBP
1.8618 GBP 1.8635 GBP 1.8658 GBP 1.8659 GBP 1.8660 GBP 1.8679 GBP 1.8727 GBP 1.8750 GBP 1.8766 GBP 1.8794 GBP 1.8796 GBP 1.8810 GBP 1.8836 GBP 1.8844 GBP 1.8860 GBP 1.8886 GBP 1.8898 GBP 1.8904 GBP 1.8909 GBP 1.8914 GBP 1.8920 GBP 1.8924 GBP 1.8925 GBP 1.8942 GBP 1.8945 GBP 1.8949 GBP 1.8950 GBP 1.8952 GBP 1.8962 GBP 1.9170 GBP
1.8630 GBP 1.8664 GBP 1.8930 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: | 9 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