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

JPMorgan Securities Plc

15 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:	14 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	920,537	11.3400 GBP	11.0600 GBP
	Sale	413,229	11.3006 GBP	11.0800 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	88,483	11.1447 GBP
			532,144	11.1467 GBP
			1	11.1470 GBP
			17	11.1471 GBP
			9	11.1480 GBP
			972	11.1481 GBP
			16	11.1482 GBP
			3	11.1515 GBP
			593	11.2000 GBP
			140	11.2108 GBP
			12,204	11.2124 GBP
			9	11.2811 GBP
		Decrease Short	15,652	11.1270 GBP
			5,503	11.1375 GBP
			11,722	11.1581 GBP
			25,283	11.1591 GBP
			1,924	11.1619 GBP
			8,704	11.1850 GBP
			29,120	11.2280 GBP
			9,773	11.2311 GBP
			1,452	11.2354 GBP
			17,029	11.2487 GBP
			5,696	11.2561 GBP
			6,430	11.3006 GBP
		Increase Long	312	11.1092 GBP
			3,588	11.1206 GBP
			1,582	11.2077 GBP
			1,335	11.2911 GBP
		Increase Short	1,094	11.0564 GBP
			4,337	11.1891 GBP
			2,015	11.2539 GBP
			286	11.2620 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:	15 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