Form 8.5 (EPT/RI)-Schroders plc

JPMorgan Securities Plc

19 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:	18 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	825,703	5.8706 GBP	5.8525 GBP
	Sale	538,476	5.8700 GBP	5.8500 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	2,201	5.8550 GBP
			2,056	5.8555 GBP
			3,830	5.8556 GBP
			1,153	5.8570 GBP
			5,618	5.8585 GBP
			31,107	5.8593 GBP
		Decrease Short	1,603	5.8546 GBP
			251	5.8549 GBP
			146,523	5.8550 GBP
			4,645	5.8579 GBP
			1,000	5.8590 GBP
			1,053	5.8594 GBP
			10,973	5.8597 GBP
			54,183	7.9314 GBP
		Increase Long	144	5.8547 GBP
			1,766	5.8594 GBP
		Increase Short	38,277	5.8550 GBP
			82,980	5.8551 GBP
			26,563	5.8553 GBP
			55,609	5.8556 GBP
			1,638	5.8559 GBP
			55,568	5.8560 GBP
			38,195	5.8580 GBP
			5,310	5.8585 GBP
			50,017	5.8590 GBP
			11,558	5.8594 GBP
			388	5.8602 GBP
			3,868	5.8606 GBP
			1,024	5.8615 GBP
			28,463	5.8619 GBP
			626	5.8626 GBP
			552	5.8629 GBP
			331	5.8631 GBP
			191	5.8688 GBP
		Opening a long position	2,081	5.8548 GBP
			706	5.8597 GBP
			345	5.8648 GBP
			950	5.8650 GBP
		Opening a short position	20,291	5.8553 GBP
			676	5.8594 GBP
			25,154	5.8625 GBP
			1,271	5.8652 GBP
			18,979	5.8655 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:	19 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