Form 8.5 (EPT/RI)-Schroders plc

JPMorgan Securities Plc

13 February 2026

 

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	Schroders plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial Adviser and Corporate Broker to Schroders plc
(d) Date dealing undertaken:	12 February 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"	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
20p ordinary	Purchase	12,950,804	5.9500 GBP	5.8600 GBP
	Sale	8,549,306	5.9500 GBP	5.8650 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
20p ordinary	Equity Swap	Decrease Long	362,375	5.8693 GBP
			262	5.8728 GBP
			27,735	5.8753 GBP
			95,203	5.8754 GBP
			1,721	5.8756 GBP
			30,015	5.8762 GBP
			50,261	5.8766 GBP
			8,012	5.8772 GBP
			5,987	5.8778 GBP
			2,709	5.8788 GBP
			635,664	5.8790 GBP
			328	5.8796 GBP
			34,859	5.8797 GBP
			303,900	5.8801 GBP
			48,668	5.8816 GBP
			11,800	5.8823 GBP
			173,623	5.8840 GBP
			378	5.8856 GBP
			142,791	5.8860 GBP
			929	5.8870 GBP
			291,339	5.8905 GBP
			1,691	5.8996 GBP
			356,979	5.9035 GBP
			440,000	5.9097 GBP
			821,055	5.9111 GBP
			199,326	5.9140 GBP
			239,953	5.9148 GBP
			4,961	5.9200 GBP
			240,732	5.9463 GBP
		Decrease Short	9,241	5.8675 GBP
			12,878	5.8746 GBP
			73,355	5.8749 GBP
			5,547	5.8750 GBP
			53,412	5.8754 GBP
			28,681	5.8776 GBP
			71,966	5.8787 GBP
			15,800	5.8804 GBP
			726,324	5.8812 GBP
			416,394	5.8813 GBP
			5,013	5.8825 GBP
			17,772	5.8827 GBP
			3,978	5.8830 GBP
			5,394	5.8832 GBP
			156,881	5.8833 GBP
			59	5.8849 GBP
			2,980	5.8865 GBP
			20,880	5.8892 GBP
			34,874	5.8913 GBP
			338	5.8999 GBP
			40,754	5.9007 GBP
			1,755,100	5.9024 GBP
			89,184	5.9270 GBP
		Increase Long	260,993	5.8736 GBP
			1,232	5.8743 GBP
			78,271	5.8785 GBP
			4,284	5.8788 GBP
			26,169	5.8791 GBP
			932	5.8794 GBP
			24,173	5.8809 GBP
			17,559	5.8810 GBP
			14,216	5.8837 GBP
			2,660	5.8846 GBP
			5,428	5.8872 GBP
			34	5.9100 GBP
		400	5.9122 GBP
		254	5.9251 GBP
	Increase Short	9,241	5.8675 GBP
		5,028	5.8735 GBP
		7,119	5.8749 GBP
		60,328	5.8751 GBP
		392	5.8754 GBP
		5,687	5.8756 GBP
		92,474	5.8760 GBP
		9,014	5.8762 GBP
		35,815	5.8769 GBP
		3	5.8782 GBP
		17,500	5.8785 GBP
		50,000	5.8788 GBP
		79,478	5.8792 GBP
		2,151	5.8796 GBP
		96,829	5.8801 GBP
		902	5.8806 GBP
		12,267	5.8816 GBP
		1,300,000	5.8829 GBP
		3,027	5.8884 GBP
		37,999	5.8910 GBP
		1,743	5.8918 GBP
		1,468	5.8924 GBP
		87,728	5.8945 GBP
		22,267	5.8966 GBP
		16,643	5.8984 GBP
		19,965	5.9026 GBP
		2,251	5.9033 GBP
		2,185	5.9044 GBP
		5,535	5.9075 GBP
	Opening a long position	47,989	5.8832 GBP
		62,690	5.8872 GBP
		1,026	5.8882 GBP
		11,676	5.8995 GBP
		5,865	5.9305 GBP
	Opening a short position	44,982	5.8633 GBP
		2,579	5.8691 GBP
		124,707	5.8741 GBP
		48,794	5.8750 GBP
		515	5.8751 GBP
		3,743	5.8752 GBP
		74,130	5.8854 GBP
		13,352	5.8865 GBP
		500,000	5.8881 GBP
		470,000	5.8944 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:	13 February 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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END