1st Aug 2025 11:47
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: | 31 July 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 | 465,417
445,145 | 7.6000 GBP
7.5900 GBP | 7.4850 GBP
7.4849 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
| 2,111 55 4,592 2,477 4,402 15,728 2,423 827
6,536 975 1,380 141 2,674 215 194 20 3,488 213 1,225
236 5,510 15,187 16,307 501 3,386 705 126 1,225 252 1,225
1,048 533 2,085 2,245 251 12,523 21,401 2,325 3,628 2,297 1,241 | 7.4851 GBP 7.4855 GBP 7.5025 GBP 7.5079 GBP 7.5439 GBP 7.5455 GBP 7.5622 GBP 7.5758 GBP
7.4847 GBP 7.4849 GBP 7.5037 GBP 7.5228 GBP 7.5319 GBP 7.5349 GBP 7.5392 GBP 7.5646 GBP 7.5844 GBP 7.5848 GBP 7.5900 GBP
7.4841 GBP 7.4845 GBP 7.4850 GBP 7.5162 GBP 7.5245 GBP 7.5455 GBP 7.5550 GBP 7.5565 GBP 7.5578 GBP 7.5700 GBP 7.5820 GBP
7.4850 GBP 7.4852 GBP 7.4867 GBP 7.4900 GBP 7.5107 GBP 7.5189 GBP 7.5226 GBP 7.5352 GBP 7.5781 GBP 7.5852 GBP 7.5854 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: | 1 August 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