24th Oct 2025 11:36
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 |
(d) Date dealing undertaken: | 23 October 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 , 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
Sale | 1,868,916
2,195,204 | 5.9450 GBP
5.9300 GBP | 5.8002 GBP
5.7650 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
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 191 1,101 374 8,693 706 810 3,481
359 16,700 6,661 3,648 53,750 8,926 8,600 11,902 50,683 17,056 3,333 12,793 45,420 11,120 559 4,141 194
15,067 6,596 1,852 6 557 2 11,950 10,538 716 13,131
50 6,385 4 190 3,937 8,031 66
4,197 4,507 143 3,684
189 396 716 11,087 | 5.8644 GBP 5.8645 GBP 5.8908 GBP 5.9011 GBP 5.9030 GBP 5.9052 GBP 5.9259 GBP
5.7649 GBP 5.8595 GBP 5.8711 GBP 5.8714 GBP 5.8737 GBP 5.8773 GBP 5.8794 GBP 5.8804 GBP 5.8906 GBP 5.8955 GBP 5.8957 GBP 5.8977 GBP 5.8988 GBP 5.9005 GBP 5.9294 GBP 5.9299 GBP 5.9300 GBP
5.8459 GBP 5.8624 GBP 5.8641 GBP 5.8643 GBP 5.8651 GBP 5.8660 GBP 5.8854 GBP 5.9279 GBP 5.9293 GBP 5.9300 GBP
5.8195 GBP 5.8223 GBP 5.8404 GBP 5.8429 GBP 5.9045 GBP 5.9098 GBP 5.9129 GBP
5.8735 GBP 5.8842 GBP 5.8844 GBP 5.8965 GBP
5.8102 GBP 5.8204 GBP 5.8946 GBP 5.9300 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: | 24 October 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:
Unite