17th Apr 2025 10:00
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: | 16 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 | 1,806,937
1,232,481 | 1.8930 GBP
1.8907 GBP | 1.8737 GBP
1.8727 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
| 355 23,979 2 12,367 25,891 27,455 2,228 26,792 16,157 22,580 2,405 64,023 91,392 431,381 51,117 10,636 64,969 610 1,565 2,353 432 289 1,282 959 224 765
98,400 22 1,718
203 154 43,356 14,575 9,499 81,363 60 48,252 7,166 15,232 1,390 21,854 6,829 591 491
3,615
4,576 177,066 1,841 890 390
3,308 17,225 390 45,046 118,794 | 1.8737 GBP 1.8795 GBP 1.8798 GBP 1.8800 GBP 1.8808 GBP 1.8815 GBP 1.8819 GBP 1.8821 GBP 1.8822 GBP 1.8824 GBP 1.8825 GBP 1.8829 GBP 1.8830 GBP 1.8840 GBP 1.8841 GBP 1.8843 GBP 1.8846 GBP 1.8848 GBP 1.8862 GBP 1.8870 GBP 1.8880 GBP 1.8883 GBP 1.8890 GBP 1.8900 GBP 1.8905 GBP 1.8910 GBP
1.8837 GBP 1.8840 GBP 1.8857 GBP
1.8734 GBP 1.8741 GBP 1.8750 GBP 1.8796 GBP 1.8817 GBP 1.8818 GBP 1.8826 GBP 1.8840 GBP 1.8841 GBP 1.8842 GBP 1.8848 GBP 1.8849 GBP 1.8852 GBP 1.8880 GBP 1.8899 GBP
1.8840 GBP
1.8727 GBP 1.8840 GBP 1.8862 GBP 1.8865 GBP 1.8870 GBP
1.8759 GBP 1.8828 GBP 1.8840 GBP 1.8841 GBP 1.8842 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: | 17 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