9th May 2025 11:18
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: | 8 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 | 1,805,758
1,424,440 | 1.9466 GBP
1.9480 GBP | 1.9140 GBP
1.9140 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
| 11,973 5,362 30,204 63,506 8,416 7,029 37,146 51,560 18,718 14,580 9,790 176,850 114,844 4,664 700 62,625 2,349 260,335 44,091 2,947 2
41,475 28 61,500 50,694 77,189 24,364 1,145
1,627 76,188 2,500 4,917 51,236 9,565 6,212 4,788 34,257 116,110 20,764 24,653 75 18,952 11 2
5,100 22,374 3,401 1,699
73,526 7,021 3,979 1,959
73,333 15,523 193 | 1.9150 GBP 1.9151 GBP 1.9153 GBP 1.9156 GBP 1.9162 GBP 1.9212 GBP 1.9221 GBP 1.9238 GBP 1.9239 GBP 1.9244 GBP 1.9255 GBP 1.9261 GBP 1.9270 GBP 1.9307 GBP 1.9315 GBP 1.9319 GBP 1.9329 GBP 1.9335 GBP 1.9378 GBP 1.9400 GBP 1.9440 GBP
1.9147 GBP 1.9148 GBP 1.9149 GBP 1.9258 GBP 1.9297 GBP 1.9320 GBP 1.9359 GBP
1.9149 GBP 1.9150 GBP 1.9160 GBP 1.9165 GBP 1.9179 GBP 1.9204 GBP 1.9233 GBP 1.9243 GBP 1.9262 GBP 1.9316 GBP 1.9350 GBP 1.9395 GBP 1.9400 GBP 1.9407 GBP 1.9420 GBP 1.9440 GBP
1.9230 GBP 1.9315 GBP 1.9410 GBP 1.9470 GBP
1.9278 GBP 1.9386 GBP 1.9419 GBP 1.9427 GBP
1.9150 GBP 1.9191 GBP 1.9340 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 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