Form 8.5 (EPT/RI)-LondonMetric Property plc

JPMorgan Securities Plc
22 December 2023
 

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:

Financial advisor and corporate broker to LondonMetric Property plc

(d) Date dealing undertaken:

21 December 2023

(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, LXi 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

752,754

 

836,341

1.9350 GBP

 

1.9310 GBP

1.9130 GBP

 

1.9139 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

 

 

 

 

 

 

 

 

 

326

4,535

22,461

3,616

38,344

8,247

3,154

2,364

 

2,868

11,894

2,991

3,358

302

1

7

 

7,298

3,105

113,283

3,154

2,364

 

1

 

52

10

2,017

7,482

1,669

1,179

22

2,655

 

51

880

3,122

1,013

4,478

112

9

1,284

25

5,396

1.9201 GBP

1.9208 GBP

1.9225 GBP

1.9238 GBP

1.9251 GBP

1.9260 GBP

1.9286 GBP

1.9297 GBP

 

1.9239 GBP

1.9246 GBP

1.9276 GBP

1.9277 GBP

1.9289 GBP

1.9299 GBP

1.9305 GBP

 

1.9257 GBP

1.9260 GBP

1.9262 GBP

1.9286 GBP

1.9297 GBP

 

1.9350 GBP

 

1.9139 GBP

1.9194 GBP

1.9220 GBP

1.9260 GBP

1.9286 GBP

1.9289 GBP

1.9290 GBP

1.9291 GBP

 

1.9150 GBP

1.9190 GBP

1.9205 GBP

1.9211 GBP

1.9213 GBP

1.9230 GBP

1.9235 GBP

1.9238 GBP

1.9241 GBP

1.9261 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:

22 December 2023

Contact name:

Natasha Mondon

Telephone number:

01202 325175

 

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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