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: | 2 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 | 1,898,134
1,691,203 | 1.8210 GBP
1.8198 GBP | 1.8000 GBP
1.7990 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 3,660 19,981 18 19,403 13,172 12,891 41,949 38,675 1,937 937 22,010 53,080 5,916 170,514 55,862 566 1,644 784 24,271 13,264 247,251 74,483 630 6,462
52 969 15,359 11,522 68,631 23,177 3,192 37,533 1,049 17,640 41,131 67,147
2 20 14,718 6,445 26,955 76,854 38,973 83,439 390 48,280 3,137 630 54,639 248 1,596 2,963 9,565 23,067 7,369 17,829 5,810 981
53,741 9,932 8,740 43,968
6,404
6,404 | 1.7985 GBP 1.8007 GBP 1.8031 GBP 1.8040 GBP 1.8065 GBP 1.8067 GBP 1.8069 GBP 1.8078 GBP 1.8079 GBP 1.8092 GBP 1.8106 GBP 1.8107 GBP 1.8109 GBP 1.8123 GBP 1.8125 GBP 1.8129 GBP 1.8130 GBP 1.8133 GBP 1.8135 GBP 1.8136 GBP 1.8141 GBP 1.8147 GBP 1.8150 GBP 1.8154 GBP 1.8177 GBP
1.7990 GBP 1.8008 GBP 1.8046 GBP 1.8049 GBP 1.8062 GBP 1.8085 GBP 1.8114 GBP 1.8117 GBP 1.8124 GBP 1.8149 GBP 1.8150 GBP 1.8152 GBP
1.8020 GBP 1.8034 GBP 1.8037 GBP 1.8040 GBP 1.8045 GBP 1.8062 GBP 1.8093 GBP 1.8133 GBP 1.8139 GBP 1.8141 GBP 1.8143 GBP 1.8146 GBP 1.8147 GBP 1.8148 GBP 1.8149 GBP 1.8150 GBP 1.8152 GBP 1.8157 GBP 1.8173 GBP 1.8183 GBP 1.8188 GBP 1.8199 GBP
1.8123 GBP 1.8131 GBP 1.8151 GBP 1.8153 GBP
1.8150 GBP
1.8043 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: | 3 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.