Form 8.5 (EPT/RI)- LondonMetric &Schroder REIT Ltd
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: |
22 June 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 |
|
Schroder REIT ordinary NPV |
Purchase |
9,752 |
0.4600 GBP |
0.4572 GBP |
Sale |
|
|
|
|
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 |
1,164,158 |
1.8371 GBP |
1.7970 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 |
|
Schroder REIT ordinary NPV |
Equity Swap |
Decrease Short |
608 |
0.4583 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 |
|
LondonMetric 10p ordinary |
Equity Swap |
Decrease Long |
12,852 |
1.8003 GBP |
|
|
|
15,077 |
1.8032 GBP |
|
|
|
|
7,370 |
1.8101 GBP |
|
|
|
|
25,491 |
1.8138 GBP |
|
|
|
|
112,793 |
1.8155 GBP |
|
|
|
|
7,600 |
1.8188 GBP |
|
|
|
|
693 |
1.8191 GBP |
|
|
|
|
31,149 |
1.8234 GBP |
|
|
|
|
12,239 |
1.8237 GBP |
|
|
|
|
16,128 |
1.8239 GBP |
|
|
|
|
62,008 |
1.8262 GBP |
|
|
|
|
13,145 |
1.8275 GBP |
|
|
|
|
142,971 |
1.8343 GBP |
|
|
|
|
28,930 |
1.8370 GBP |
|
|
|
|
194,815 |
1.8371 GBP |
|
|
|
|
1 |
1.8372 GBP |
|
|
|
|
|
||
|
|
|
9,900 |
1.8160 GBP |
|
|
|
|
865 |
1.8165 GBP |
|
|
|
|
106,567 |
1.8189 GBP |
|
|
|
|
3,171 |
1.8197 GBP |
|
|
|
|
16,624 |
1.8200 GBP |
|
|
|
|
2,071 |
1.8242 GBP |
|
|
|
|
86,806 |
1.8257 GBP |
|
|
|
|
43,863 |
1.8279 GBP |
|
|
|
|
24,160 |
1.8298 GBP |
|
|
|
|
9,176 |
1.8318 GBP |
|
|
|
|
45,250 |
1.8332 GBP |
|
|
|
|
61,963 |
1.8343 GBP |
|
|
|
|
2,051 |
1.8358 GBP |
|
|
|
|
130,599 |
1.8370 GBP |
|
|
|
|
|
||
|
|
|
5,414 |
1.8201 GBP |
|
|
|
|
2,200 |
1.8219 GBP |
|
|
|
|
6,544 |
1.8235 GBP |
|
|
|
|
571 |
1.8316 GBP |
|
|
|
|
6,536 |
1.8369 GBP |
|
|
|
|
|
||
|
|
|
94,318 |
1.8164 GBP |
|
|
|
|
19,725 |
1.8168 GBP |
|
|
|
|
143,453 |
1.8213 GBP |
|
|
|
|
5,885 |
1.8264 GBP |
|
|
|
|
16,542 |
1.8267 GBP |
|
|
|
|
2,162 |
1.8318 GBP |
|
|
|
|
4,589 |
1.8331 GBP |
|
|
|
|
27,248 |
1.8352 GBP |
|
|
|
|
5,219 |
1.8370 GBP |
|
|
|
|
|
||
|
|
|
49,439 |
1.8370 GBP |
|
|
|
|
|
||
|
|
|
5 |
1.8101 GBP |
|
|
|
|
5,800 |
1.8210 GBP |
|
|
|
|
51,201 |
1.8220 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 |
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
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: |
23 June 2026 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund