29th Jan 2026 11:24
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 | Unite Group plc, The |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Unite Group plc, The |
(d) Date dealing undertaken: | 28 January 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, Empiric Student Property 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 |
25p ordinary | Purchase | 483,797 | 5.7600 GBP | 5.6650 GBP |
| Sale | 593,484 | 5.7650 GBP | 5.6650 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 |
25p ordinary | Equity Swap | Decrease Long | 57 | 5.6650 GBP |
4,417 | 5.7125 GBP | |||
35 | 5.7252 GBP | |||
618 | 5.7346 GBP | |||
935 | 5.7352 GBP | |||
809 | 5.7454 GBP | |||
18,767 | 5.7467 GBP | |||
14,333 | 5.7500 GBP | |||
51 | 5.7502 GBP | |||
1 | 5.7506 GBP | |||
34 | 5.7507 GBP | |||
17,200 | 7.9159 GBP | |||
Decrease Short | 6,099 | 5.7324 GBP | ||
31,073 | 5.7389 GBP | |||
927 | 5.7491 GBP | |||
24,437 | 5.7494 GBP | |||
35,958 | 5.7498 GBP | |||
2,545 | 5.7506 GBP | |||
242 | 5.7644 GBP | |||
Increase Long | 57 | 5.6650 GBP | ||
174 | 5.7304 GBP | |||
311 | 5.7340 GBP | |||
11,391 | 5.7343 GBP | |||
700 | 5.7398 GBP | |||
18,475 | 5.7420 GBP | |||
5 | 5.7450 GBP | |||
4,615 | 5.7467 GBP | |||
219 | 5.7474 GBP | |||
18,145 | 5.7493 GBP | |||
2,993 | 5.7500 GBP | |||
Increase Short | 200 | 5.7250 GBP | ||
42 | 5.7378 GBP | |||
10,734 | 5.7403 GBP | |||
4,800 | 5.7443 GBP | |||
10,881 | 5.7476 GBP | |||
5,165 | 5.7498 GBP | |||
Opening a long position | 79,757 | 5.7500 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: | 29 January 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:
Unite