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: | 5 June 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 | 602,628
556,182 | 8.6650 GBP
8.6700 GBP | 8.2304 GBP
8.2200 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
Opening a Long Position
Opening a Short Position
| 91 173 1,920 12,457 3,944 5,986 367 700 15,386 17,797 2,597 4,630 338 4,333 2,272 6,686 5,479 500 507 1 1,296 229
47,680 3,989 30,000 4,177 1,609
2,092 862 57 71 726 2,356 18,060 9,469 5,405 37,826 2,049 6,460 5,945 334 886
6,935 21,907 15,185 5,155 1,020 4,702 758 3,503 3,768
66 15,327 1,500 5,000 660 99
334 38 69,863 14,360 1,392 5,000 1,500 | 8.2303 GBP 8.2304 GBP 8.3107 GBP 8.3623 GBP 8.3636 GBP 8.3700 GBP 8.3705 GBP 8.3706 GBP 8.3707 GBP 8.3823 GBP 8.3948 GBP 8.4118 GBP 8.4428 GBP 8.4667 GBP 8.4668 GBP 8.4732 GBP 8.4766 GBP 8.5484 GBP 8.5500 GBP 8.5550 GBP 8.5702 GBP 8.5905 GBP
8.3519 GBP 8.3606 GBP 8.3684 GBP 8.3815 GBP 8.4377 GBP
8.2717 GBP 8.3690 GBP 8.3692 GBP 8.3694 GBP 8.3698 GBP 8.3699 GBP 8.3700 GBP 8.3818 GBP 8.4063 GBP 8.4480 GBP 8.4499 GBP 8.5127 GBP 8.5163 GBP 8.5844 GBP 8.6654 GBP
8.3240 GBP 8.3520 GBP 8.3692 GBP 8.3703 GBP 8.3852 GBP 8.4387 GBP 8.5579 GBP 8.5925 GBP 8.5955 GBP
8.3304 GBP 8.3700 GBP 8.6133 GBP 8.6194 GBP 8.6300 GBP 8.6373 GBP
8.3357 GBP 8.3408 GBP 8.3700 GBP 8.4080 GBP 8.4871 GBP 8.5057 GBP 8.5148 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: | 6 June 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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