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: | 23 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 , Urban Logistics REIT 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 | 1,429,368
2,277,521 | 1.9220 GBP
1.9199 GBP | 1.8900 GBP
1.8910 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
Opening a Long Position
Opening a Short Position
| 906 11,223 12,424 71,689 3,907 107,939 1 43,853 76,171 17,544 3 75,888 2,886 5,363 26,274 200,667 8,632 12,284 39,961 2,308 113 1,074 686 1,913 9,528 960 93
160 26,958 1,217
280,600 210,655 280,600 75,782 7,874 148,148 2,565 23,857 268,523 11,002 29,132 15,697 229,269 2,308 23,541 2,194 542 22,956 1,979 9,735
1,893 38,359 9 30,944 5,940
12,187 66,314 6,593 57,192 | 1.8901 GBP 1.8903 GBP 1.8933 GBP 1.8943 GBP 1.8944 GBP 1.8949 GBP 1.8960 GBP 1.8965 GBP 1.8967 GBP 1.8971 GBP 1.8980 GBP 1.8987 GBP 1.8994 GBP 1.8998 GBP 1.8999 GBP 1.9000 GBP 1.9001 GBP 1.9003 GBP 1.9035 GBP 1.9080 GBP 1.9094 GBP 1.9100 GBP 1.9109 GBP 1.9110 GBP 1.9126 GBP 1.9142 GBP 1.9160 GBP
1.8998 GBP 1.9021 GBP 1.9199 GBP
1.8932 GBP 1.8948 GBP 1.8950 GBP 1.8958 GBP 1.8965 GBP 1.8974 GBP 1.8981 GBP 1.8999 GBP 1.9000 GBP 1.9027 GBP 1.9045 GBP 1.9049 GBP 1.9063 GBP 1.9080 GBP 1.9086 GBP 1.9088 GBP 1.9094 GBP 1.9117 GBP 1.9125 GBP 1.9181 GBP
1.8969 GBP 1.9000 GBP 1.9020 GBP 1.9121 GBP 1.9151 GBP
1.8952 GBP 1.8956 GBP 1.9001 GBP 1.9008 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: | 24 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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