Form 8.5 (EPT/RI)-LondonMetric &SchroderREIT 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 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 |
|
LondonMetric 10p ordinary |
Purchase |
1,358,915 |
1.8340 GBP |
1.8020 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 |
9,129 |
0.4750 GBP |
0.4730 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 |
250,322 |
1.8020 GBP |
|
|
|
120,636 |
1.8021 GBP |
|
|
|
|
24 |
1.8040 GBP |
|
|
|
|
283 |
1.8073 GBP |
|
|
|
|
79,309 |
1.8091 GBP |
|
|
|
|
77,836 |
1.8095 GBP |
|
|
|
|
207 |
1.8115 GBP |
|
|
|
|
1,706 |
1.8134 GBP |
|
|
|
|
1,300 |
1.8138 GBP |
|
|
|
|
15,283 |
1.8159 GBP |
|
|
|
|
465,932 |
1.8169 GBP |
|
|
|
|
25,530 |
1.8192 GBP |
|
|
|
|
41,589 |
1.8267 GBP |
|
|
|
|
1,287 |
1.8271 GBP |
|
|
|
|
|
||
|
|
|
8,721 |
1.8071 GBP |
|
|
|
|
23,597 |
1.8096 GBP |
|
|
|
|
57,319 |
1.8125 GBP |
|
|
|
|
573 |
1.8140 GBP |
|
|
|
|
|
||
|
|
|
85,304 |
1.8020 GBP |
|
|
|
|
24 |
1.8040 GBP |
|
|
|
|
1,111 |
1.8066 GBP |
|
|
|
|
3 |
1.8078 GBP |
|
|
|
|
13,359 |
1.8118 GBP |
|
|
|
|
20,400 |
1.8120 GBP |
|
|
|
|
11,026 |
1.8124 GBP |
|
|
|
|
1,069 |
1.8140 GBP |
|
|
|
|
12,720 |
1.8157 GBP |
|
|
|
|
4,340 |
1.8159 GBP |
|
|
|
|
645 |
1.8160 GBP |
|
|
|
|
53,770 |
1.8178 GBP |
|
|
|
|
4,308 |
1.8272 GBP |
|
|
|
|
948 |
1.8339 GBP |
|
|
|
|
|
||
|
|
|
20,375 |
1.8050 GBP |
|
|
|
|
4,168 |
1.8193 GBP |
|
|
|
|
8,171 |
1.8210 GBP |
|
|
|
|
427 |
1.8281 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 Short |
1,819 |
0.4750 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: |
08 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.
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