AMENDMENT
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: | 31 March 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 | 3,464,549
4,270,337 | 1.8560 GBP
1.8550 GBP | 1.8150 GBP
1.8160 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
Opening a Long Position
Opening a Short Position
| 2,428 1,976 123 3,064 669 2 4,625 153,690 11,839 283 34,361 59,002 4,446 6,257 26 1,902 2,769 592
1,251 17,275 4,028
2 24,313 16,892 301,845 31,721 41,138 109,959 41,972 161,692 10,397 1 22,048 26 4,089 52,034 19,950 1,989
143,682 9,900 255
157,334 302 9,364 35,469
1,872 4,150 37,804 132 | 1.8180 GBP 1.8190 GBP 1.8197 GBP 1.8210 GBP 1.8235 GBP 1.8290 GBP 1.8331 GBP 1.8340 GBP 1.8345 GBP 1.8350 GBP 1.8368 GBP 1.8382 GBP 1.8402 GBP 1.8407 GBP 1.8439 GBP 1.8476 GBP 1.8493 GBP 1.8530 GBP
1.8339 GBP 1.8340 GBP 1.8430 GBP
1.8290 GBP 1.8322 GBP 1.8323 GBP 1.8336 GBP 1.8340 GBP 1.8361 GBP 1.8365 GBP 1.8376 GBP 1.8390 GBP 1.8398 GBP 1.8400 GBP 1.8436 GBP 1.8438 GBP 1.8452 GBP 1.8470 GBP 1.8490 GBP 1.8500 GBP
1.8341 GBP 1.8381 GBP 1.8515 GBP
1.8341 GBP 1.8376 GBP 1.8411 GBP 1.8465 GBP
1.8201 GBP 1.8227 GBP 1.8340 GBP 1.8441 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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