Form 8.5 (EPT/RI)-LondonMetric&Sch REIT Ltd Amend
AMENDMENT
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 |
A consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited |
|
(c) Name of the party to the offer with which exempt principal trader is connected: |
Financial advisor to a consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited |
|
(d) Date dealing undertaken: |
05 August 2026 |
|
(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, Picton Property Income Limited |
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 |
|
LondonMetric 10p ordinary |
Purchase |
1,072,593 |
1.9899 GBP |
1.9740 GBP |
Sale |
|
|
|
|
Class of relevant security |
Purchases/ sales
|
Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
|
Schroder REIT ordinary NPV |
Purchase |
195,173 |
0.4485 GBP |
0.4340 GBP |
Sale |
|
|
|
(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 |
|
LondonMetric 10p ordinary |
Equity Swap |
Decrease Long |
37 |
1.9747 GBP |
|
|
|
7,319 |
1.9770 GBP |
|
|
|
|
14,192 |
1.9771 GBP |
|
|
|
|
1 |
1.9772 GBP |
|
|
|
|
14,164 |
1.9797 GBP |
|
|
|
|
98 |
1.9899 GBP |
|
|
|
|
|
||
|
|
|
4,521 |
1.9751 GBP |
|
|
|
|
594 |
1.9763 GBP |
|
|
|
|
315 |
1.9765 GBP |
|
|
|
|
11,926 |
1.9767 GBP |
|
|
|
|
46,522 |
1.9768 GBP |
|
|
|
|
18,195 |
1.9769 GBP |
|
|
|
|
50,462 |
1.9770 GBP |
|
|
|
|
1,855 |
1.9775 GBP |
|
|
|
|
2,021 |
1.9789 GBP |
|
|
|
|
6,270 |
1.9804 GBP |
|
|
|
|
1,321 |
1.9817 GBP |
|
|
|
|
|
||
|
|
|
4,379 |
1.9749 GBP |
|
|
|
|
91,424 |
1.9760 GBP |
|
|
|
|
2,000 |
1.9766 GBP |
|
|
|
|
73,665 |
1.9768 GBP |
|
|
|
|
14,591 |
1.9769 GBP |
|
|
|
|
780 |
1.9770 GBP |
|
|
|
|
|
||
|
|
|
5,552 |
1.9754 GBP |
|
|
|
|
11,172 |
1.9757 GBP |
|
|
|
|
12,190 |
1.9758 GBP |
|
|
|
|
12,590 |
1.9760 GBP |
|
|
|
|
13,886 |
1.9761 GBP |
|
|
|
|
375 |
1.9762 GBP |
|
|
|
|
138 |
1.9765 GBP |
|
|
|
|
42,760 |
1.9768 GBP |
|
|
|
|
107,489 |
1.9770 GBP |
|
|
|
|
68,346 |
1.9771 GBP |
|
|
|
|
22,438 |
1.9773 GBP |
|
|
|
|
36,915 |
1.9775 GBP |
|
|
|
|
118,379 |
1.9781 GBP |
|
|
|
|
598 |
1.9786 GBP |
|
|
|
|
8,049 |
1.9788 GBP |
|
|
|
|
1,249 |
1.9800 GBP |
|
|
|
|
3,595 |
1.9814 GBP |
|
|
|
|
|
||
|
|
|
39,741 |
1.9787 GBP |
|
|
|
|
95 |
1.9789 GBP |
|
|
|
|
|
||
|
|
|
1,259 |
1.9780 GBP |
|
|
|
|
39,741 |
1.9801 GBP |
|
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 |
|
Schroder REIT ordinary NPV |
Equity Swap |
Decrease Long |
264,742 |
0.4321 GBP |
|
|
|
430,196 |
0.4343 GBP |
|
|
|
|
|
||
|
|
|
430,196 |
0.4343 GBP |
|
|
|
|
464,485 |
0.4353 GBP |
|
|
|
|
430,196 |
0.4363 GBP |
|
|
|
|
|
||
|
|
|
|
||
|
|
|
738,489 |
0.4323 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: |
17 August 2026 |
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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