Form 8.5 (EPT/RI)-Schroders plc

JPMorgan Securities Plc

11 March 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:	10 March 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	1,399,778	5.8663 GBP	5.8502 GBP
	Sale	912,521	5.8700 GBP	5.8525 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	66,098	5.8583 GBP
			280	5.8606 GBP
			2,823	5.8616 GBP
			2,787	5.8622 GBP
		Decrease Short	4,472	5.8544 GBP
			3,465	5.8549 GBP
			80	5.8560 GBP
			14,220	5.8579 GBP
			16,200	5.8580 GBP
			100,727	5.8587 GBP
			33,483	5.8597 GBP
			38,079	5.8598 GBP
			5,847	5.8599 GBP
			26,044	5.8602 GBP
			220	5.8607 GBP
			375	5.8648 GBP
			39,484	5.8650 GBP
		Increase Long	634	5.8509 GBP
			24,912	5.8600 GBP
			1,000	5.8644 GBP
			6,669	5.8617 GBP
		Increase Short	911	5.8502 GBP
			7,710	5.8506 GBP
			9,089	5.8507 GBP
			1,248	5.8538 GBP
			125,444	5.8546 GBP
			834	5.8551 GBP
			250,000	5.8554 GBP
			7,666	5.8593 GBP
			10,666	5.8597 GBP
			587	5.8599 GBP
			130,642	5.8600 GBP
			4,000	5.8601 GBP
			43,589	5.8602 GBP
			34,391	5.8603 GBP
			1,777	5.8606 GBP
			169,250	5.8608 GBP
			4,204	5.8623 GBP
			2,798	5.8662 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:	11 March 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