Form 8 (OPD) LondonMetric Property

LondonMetric Property PLC

01 June 2023

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	LONDONMETRIC PROPERTY PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	LONDONMETRIC PROPERTY PLC
(d) Is the discloser the offeror or the offeree?	OFFEROR
(e) Date position held:      The latest practicable date prior to the disclosure	31/05/23
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes - CT PROPERTY TRUST LIMITED

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	10p Ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	-	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

a) Interests in LondonMetric Property plc ("LondonMetric") shares held by LondonMetric directors (together with their close relatives and the related trusts of any of them) Name Total Number of LondonMetric Shares Percentage of existing issued share capital of LondonMetric Andrew Jones 5,209,491 0.53% Martin McGann 3,364,348 0.34% Patrick Vaughan 9,977,000 1.01% Suzanne Avery 27,050 0.00% James Dean 95,000 0.00% Alistair Elliott 60,000 0.00% Robert Fowlds 104,000 0.01% Andrew Livingston 106,830 0.01% Kitty Patmore 5,000 0.00% Rosalyn Wilton 111,095 0.01% Total 19,059,814 1.93% Share Options Name Scheme Date of grant Number of LondonMetric shares under option Exercise price per LondonMetric Share Vesting Date Andrew Jones Long term incentive plan 17/06/2020 581,089 Nil paid 17/06/2023 Andrew Jones Long term incentive plan 04/06/2021 526,526 Nil paid 04/06/2024 Andrew Jones Long term incentive plan 06/06/2022 502,419 Nil paid 06/06/2025 Martin McGann Long term incentive plan 17/06/2020 301,126 Nil paid 17/06/2023 Martin McGann Long term incentive plan 04/06/2021 255,248 Nil paid 04/06/2024 Martin McGann Long term incentive plan 06/06/2022 260,358 Nil paid 06/06/2025 b) Positions held by LondonMetric connected advisers Name Number % JPMorgan Chase Bank, National Association 13 0.00

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         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 party to the offer making the disclosure or any person acting in concert with it: 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 party to the offer making the disclosure, or any person acting in concert with it, 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

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	01/06/23
Contact name:	Jadzia Duzniak
Telephone number:	020 7484 9035

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 disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END