Form 8.5 (EPT/RI)-Big Yellow Group plc

JPMorgan Securities Plc

14 October 2025

 

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	Big Yellow Group plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Corporate broker to Big Yellow Group plc
(d) Date dealing undertaken:	13 October 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"	N/A

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	1,364,061	11.7400 GBP	9.6300 GBP
	Sale	1,537,301	11.7200 GBP	9.7000 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	Opening a long position	562	9.8991 GBP
			582	10.8226 GBP
			2,400	10.8834 GBP
			1,280	10.9314 GBP
			1,070	10.9530 GBP
			34	11.0000 GBP
			5,709	11.1389 GBP
			4,340	11.1398 GBP
			83,965	11.1400 GBP
			8,323	11.1499 GBP
			3,469	11.1659 GBP
			3,947	11.1718 GBP
			86	11.1791 GBP
			1,251	11.1851 GBP
			6,452	11.2049 GBP
			121,460	11.2155 GBP
			13,001	11.2230 GBP
			390	11.2998 GBP
			100	11.3709 GBP
			26,794	11.4052 GBP
			65,038	11.4494 GBP
			35,559	11.4533 GBP
			11,643	11.4644 GBP
			8,365	11.5483 GBP
			436	11.5668 GBP
		Opening a short position	47	9.7113 GBP
			8,859	9.8337 GBP
			55	10.0970 GBP
			10,558	10.1803 GBP
			355	10.8186 GBP
			51,972	11.1400 GBP
			1	11.1402 GBP
			26	11.1408 GBP
			5,327	11.1608 GBP
			5,327	11.1609 GBP
			2,279	11.2345 GBP
			4,571	11.2415 GBP
			455	11.2607 GBP
			36,238	11.2670 GBP
			2,200	11.2933 GBP
			563	11.3153 GBP
			89	11.3171 GBP
			5,714	11.3180 GBP
			2,550	11.3186 GBP
			35	11.3209 GBP
			4,938	11.3329 GBP
			16,647	11.3332 GBP
			39	11.3410 GBP
			3,434	11.3732 GBP
			38,998	11.3739 GBP
			11	11.4209 GBP
			15,422	11.4236 GBP
			1,159	11.4239 GBP
			2,160	11.4525 GBP
			192	11.4913 GBP
			63	11.4975 GBP
			11,593	11.5093 GBP
			172	11.5124 GBP
			114	11.5809 GBP
			282	11.5889 GBP
			47	11.6380 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:	14 October 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 [phone].

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

 

END