24th Jul 2026 11:50
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 | SEGRO plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial adviser to Prologis, Inc |
(d) Date dealing undertaken: | 23 July 2026 |
(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, Prologis, Inc. |
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 | 7,675,892 | 9.6284 GBP | 9.5000 GBP |
| Sale | 6,886,306 | 9.6196 GBP | 9.5000 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 | 668 | 9.5499 GBP |
105,744 | 9.5522 GBP | |||
572 | 9.5529 GBP | |||
445 | 9.5532 GBP | |||
6,645 | 9.5655 GBP | |||
5,615 | 9.5659 GBP | |||
333 | 9.5730 GBP | |||
Decrease Short | 33,732 | 9.5225 GBP | ||
3,672 | 9.5311 GBP | |||
8,052 | 9.5320 GBP | |||
8,288 | 9.5352 GBP | |||
15,239 | 9.5362 GBP | |||
489 | 9.5473 GBP | |||
1,448 | 9.5493 GBP | |||
155,144 | 9.5513 GBP | |||
281,071 | 9.5519 GBP | |||
25 | 9.5551 GBP | |||
3,957 | 9.5566 GBP | |||
11,472 | 9.5622 GBP | |||
140,164 | 9.5655 GBP | |||
155,452 | 9.5675 GBP | |||
94,894 | 9.5681 GBP | |||
100,000 | 9.5691 GBP | |||
100,000 | 9.5704 GBP | |||
13,947 | 9.5741 GBP | |||
13,436 | 9.5746 GBP | |||
50,000 | 9.5761 GBP | |||
1,800 | 9.5786 GBP | |||
2,505 | 9.5799 GBP | |||
1,597 | 9.5825 GBP | |||
8,288 | 9.5872 GBP | |||
1,310 | 9.5925 GBP | |||
31,199 | 9.6046 GBP | |||
75,993 | 9.6196 GBP | |||
Increase Long | 424 | 9.5316 GBP | ||
429 | 9.5496 GBP | |||
85,580 | 9.5630 GBP | |||
20,403 | 9.5641 GBP | |||
3,293 | 9.5684 GBP | |||
16,372 | 9.5801 GBP | |||
Increase Short | 24,341 | 9.5014 GBP | ||
1,877 | 9.5320 GBP | |||
280 | 9.5321 GBP | |||
467,161 | 9.5383 GBP | |||
794 | 9.5389 GBP | |||
27,720 | 9.5411 GBP | |||
2,148 | 9.5453 GBP | |||
661 | 9.5511 GBP | |||
2,863 | 9.5578 GBP | |||
1,767 | 9.5607 GBP | |||
9,800 | 9.5668 GBP | |||
20,885 | 9.5683 GBP | |||
75,000 | 9.5728 GBP | |||
24,000 | 9.5770 GBP | |||
5,000 | 9.5900 GBP | |||
4,000 | 9.5909 GBP | |||
149,986 | 9.5967 GBP | |||
2,795 | 9.6021 GBP | |||
1,144,692 | 9.6213 GBP | |||
Opening a long position | 1,803 | 9.5301 GBP | ||
2,752 | 9.5520 GBP | |||
1,376 | 9.5542 GBP | |||
95,370 | 9.5546 GBP | |||
12,578 | 9.5622 GBP | |||
2,528 | 9.5957 GBP | |||
Opening a short position | 781 | 9.5221 GBP | ||
90,818 | 9.5320 GBP | |||
8,888 | 9.5321 GBP | |||
19,552 | 9.5322 GBP | |||
19,477 | 9.5395 GBP | |||
4,874 | 9.5638 GBP | |||
1,935 | 9.5706 GBP | |||
100,000 | 9.5745 GBP | |||
11,374 | 9.5864 GBP | |||
320 | 9.5883 GBP | |||
6,305 | 9.5916 GBP | |||
15 | 9.6070 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 |
(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: | 24 July 2026 |
| 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:
Segro