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

JPMorgan Securities Plc

16 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:	15 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	297,176	11.3800 GBP	11.1200 GBP
	Sale	257,823	11.3495 GBP	11.1400 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	3,764	11.1800 GBP
			351	11.1808 GBP
			947	11.1811 GBP
			23	11.1915 GBP
			83	11.1922 GBP
			16,708	11.1924 GBP
			73	11.1929 GBP
			9	11.1953 GBP
			252	11.2018 GBP
			49,292	11.2020 GBP
			224	11.2022 GBP
			72	11.2025 GBP
			27	11.2030 GBP
			2,312	11.2097 GBP
			135	11.2316 GBP
			95,150	11.2317 GBP
		Decrease Short	13,349	11.1783 GBP
			376	11.1795 GBP
			725	11.1909 GBP
			1,949	11.1940 GBP
			15,330	11.2055 GBP
			12,544	11.2120 GBP
			3,558	11.2226 GBP
			21,366	11.2344 GBP
			10,228	11.2397 GBP
		Increase Long	461	11.1789 GBP
			23,609	11.1800 GBP
			300	11.1992 GBP
			4,086	11.2297 GBP
			2,325	11.2298 GBP
			3,764	11.2299 GBP
			17,645	11.2537 GBP
		Increase Short	1,990	11.2061 GBP
			369	11.2401 GBP
		Opening a long position	697	11.1999 GBP
			2,389	11.2088 GBP
			354	11.2197 GBP
		Opening a short position	464	11.1403 GBP
			2,552	11.1800 GBP
			424	11.2003 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:	16 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