7th Apr 2025 11:26
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: | 4 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" | No |
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 | 3,060,411
2,954,015 | 1.8940 GBP
1.8950 GBP | 1.7950 GBP
1.7947 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
| 458,236 29,713 104,809 33,844 12 4,371 11,943 16,915 6,515 68,939 13,579 5,389 6 16,104 52,692 1,880 9,100 109 13,291 32,426 11 4,704 1,946 940 2,046 3,831 2,094 15,420
233,395 19,649
20,198 34,868 187,160 22,507 3,146 2,278 2,203 52,939 63,671 20,922 6,925 3,236 1 1 276 8,873 111 43,932 7,844 48,492 17,489 5,081 3 37,086 15 12,069 5,448 37 7,394 3,071
138,986
6,557 180,474 | 1.7950 GBP 1.7951 GBP 1.7953 GBP 1.7971 GBP 1.7987 GBP 1.8090 GBP 1.8092 GBP 1.8112 GBP 1.8178 GBP 1.8277 GBP 1.8283 GBP 1.8285 GBP 1.8334 GBP 1.8389 GBP 1.8404 GBP 1.8436 GBP 1.8463 GBP 1.8466 GBP 1.8516 GBP 1.8607 GBP 1.8666 GBP 1.8794 GBP 1.8840 GBP 1.8847 GBP 1.8855 GBP 1.8875 GBP 1.8880 GBP 1.8889 GBP
1.7950 GBP 1.7973 GBP
1.7947 GBP 1.7949 GBP 1.7950 GBP 1.7995 GBP 1.8075 GBP 1.8079 GBP 1.8104 GBP 1.8118 GBP 1.8132 GBP 1.8224 GBP 1.8321 GBP 1.8367 GBP 1.8370 GBP 1.8405 GBP 1.8450 GBP 1.8451 GBP 1.8464 GBP 1.8474 GBP 1.8485 GBP 1.8490 GBP 1.8491 GBP 1.8526 GBP 1.8533 GBP 1.8542 GBP 1.8565 GBP 1.8582 GBP 1.8746 GBP 1.8760 GBP 1.8766 GBP 1.8817 GBP
1.7950 GBP
1.8171 GBP 1.8226 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: | 7 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