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: | 1 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" | Yes , Highcroft Investments 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 |
| 10p ordinary | Purchase
Sale | 1,425,685
986,260 | 1.8467 GBP
1.8469 GBP | 1.8140 GBP
1.8100 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
Increase Short
| 2,372 42,079 393,703 29,905 9,367 104 78,990 182,695 72,098 26,537 70,032 5,236 10,711 5,246 522 458
67 5,316 86,998 12,351 48,550 8,039 17,387 6,499 1,368 11,209 2,137 2,638 423 807 578
184 2,819 10,693 12,010 179 53,437 25,395 121,257 367 7,067 880 114 58,595 447 1,680 2,845 17,166
24,171 32,081 12,603 16,300 | 1.8209 GBP 1.8227 GBP 1.8230 GBP 1.8231 GBP 1.8242 GBP 1.8250 GBP 1.8263 GBP 1.8283 GBP 1.8303 GBP 1.8312 GBP 1.8339 GBP 1.8365 GBP 1.8372 GBP 1.8400 GBP 1.8410 GBP 1.8420 GBP
1.8208 GBP 1.8227 GBP 1.8230 GBP 1.8251 GBP 1.8252 GBP 1.8272 GBP 1.8283 GBP 1.8284 GBP 1.8298 GBP 1.8306 GBP 1.8308 GBP 1.8319 GBP 1.8349 GBP 1.8353 GBP 1.8448 GBP
1.8136 GBP 1.8164 GBP 1.8190 GBP 1.8212 GBP 1.8220 GBP 1.8225 GBP 1.8227 GBP 1.8230 GBP 1.8262 GBP 1.8285 GBP 1.8302 GBP 1.8331 GBP 1.8358 GBP 1.8400 GBP 1.8410 GBP 1.8411 GBP 1.8425 GBP
1.8231 GBP 1.8239 GBP 1.8410 GBP 1.8437 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) |
|
|
|
|
|
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
|
(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
|
Date of disclosure: | 2 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.
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