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 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 , 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 | 1,656,646
8,753,255 | 2.0221 GBP
2.0220 GBP | 1.9990 GBP
1.9990 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
| 759 1,789,354 1,423 8,100 266,570 14,116 47,348 7,801,200 118 1,236 51,063 142 83,211 23,384 206,127 224,818 663,084 1,436,885 157,801 154,872 29,680 30,073 5,474,104 27,582 2,372 21
27,950 84,759 1,906 50 4,881 32,177 6,972,249 292,860
9 513 9,366 3 11,906 1,282 993 11,980 20,935 206,127 6,879 7,356 49,809 78 13,600 4,742 437 27,946 382 965 1,369 47 59,494 940
106,422 953 191,166 41,647 14,870 7,242 162,195 7,018 74,524 1,929
93,758 93,714 1,582 41,848
1,798 6,705 59 228,771 3,683 5,190 36,666 | 1.9101 GBP 1.9886 GBP 1.9897 GBP 2.0030 GBP 2.0050 GBP 2.0124 GBP 2.0130 GBP 2.0171 GBP 2.0180 GBP 2.0184 GBP 2.0190 GBP 2.0212 GBP 2.0220 GBP 2.0221 GBP 2.0411 GBP 2.0412 GBP 2.0416 GBP 2.0418 GBP 2.0419 GBP 2.0422 GBP 2.0425 GBP 2.0434 GBP 2.0848 GBP 2.0849 GBP 2.0855 GBP 2.1171 GBP
2.0141 GBP 2.0142 GBP 2.0178 GBP 2.0216 GBP 2.0217 GBP 2.0218 GBP 2.0220 GBP 2.0848 GBP
2.0000 GBP 2.0023 GBP 2.0060 GBP 2.0100 GBP 2.0108 GBP 2.0121 GBP 2.0123 GBP 2.0124 GBP 2.0139 GBP 2.0148 GBP 2.0152 GBP 2.0161 GBP 2.0165 GBP 2.0169 GBP 2.0171 GBP 2.0177 GBP 2.0180 GBP 2.0184 GBP 2.0185 GBP 2.0200 GBP 2.0206 GBP 2.0218 GBP 2.0219 GBP 2.0220 GBP
2.0071 GBP 2.0075 GBP 2.0118 GBP 2.0128 GBP 2.0146 GBP 2.0159 GBP 2.0169 GBP 2.0183 GBP 2.0192 GBP 2.0220 GBP
1.8318 GBP 2.0102 GBP 2.0199 GBP 2.0220 GBP
1.2941 GBP 2.0079 GBP 2.0161 GBP 2.0171 GBP 2.0172 GBP 2.0173 GBP 2.0220 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 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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