REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
31/03/2026 10:15
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RNS Number : 8469Y JPMorgan Securities Plc 31 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 A consortium comprising LondonMetric Property plc and Schroder Real Estate
relates: Investment Trust Limited
Use a separate form for each offeror/offeree
(c) Name of the party to the offer with which exempt principal trader is Financial advisor to a consortium comprising LondonMetric Property plc and
connected: Schroder Real Estate Investment Trust Limited
(d) Date dealing undertaken: 30 March 2026
(e) In addition to the company in 1(b) above, is the exempt principal trader Yes, Picton Property Income Limited
making disclosures in respect of any other party to this offer?
If it is a cash offer or possible cash offer, state "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
Schroder REIT ordinary NPV Purchase 25,297 0.4630 GBP 0.4521 GBP
Sale 19,502 0.4610 GBP 0.4525 GBP
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 3,283,523 1.8041 GBP 1.7820 GBP
Sale 1,624,776 1.8040 GBP 1.7810 GBP
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short
position
Schroder REIT ordinary NPV Equity Swap Decrease Short 698 0.4600 GBP
Increase Short 4,766 0.4521 GBP
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short
position
LondonMetric 10p ordinary Equity Swap Decrease Long 1,300 1.7848 GBP
142,062 1.7884 GBP
62,905 1.7887 GBP
1,705,948 1.7939 GBP
14,274 1.7963 GBP
164,210 1.7990 GBP
98,941 1.8032 GBP
66,499 1.8041 GBP
4 1.8042 GBP
Decrease Short 44 1.7820 GBP
646 1.7855 GBP
27,598 1.7857 GBP
7,908 1.7865 GBP
41,000 1.7869 GBP
1,692 1.7875 GBP
6,397 1.7882 GBP
25,389 1.7885 GBP
209,438 1.7898 GBP
730 1.7904 GBP
24,387 1.7905 GBP
10,304 1.7906 GBP
43,844 1.7919 GBP
25,269 1.7979 GBP
134,208 1.7995 GBP
147,987 1.8004 GBP
16,632 1.8027 GBP
69,501 1.8030 GBP
14,565 1.8031 GBP
141,389 1.8039 GBP
55,536 1.8040 GBP
Increase Long 46,505 0.0000 GBP
4,500 1.7905 GBP
10,581 1.7984 GBP
2,155 1.7998 GBP
7,773 1.8036 GBP
Increase Short 44 1.7830 GBP
13,003 1.7863 GBP
26,845 1.7879 GBP
31,931 1.7892 GBP
29,146 1.7918 GBP
6,417 1.7938 GBP
280,705 1.8037 GBP
51,719 1.8039 GBP
86,939 1.8040 GBP
Opening a long position 759 1.7860 GBP
7,376 1.7906 GBP
5,879 1.7987 GBP
4,637 1.7991 GBP
61,618 1.8040 GBP
Opening a short position 4,879 0.0000 GBP
9 1.7831 GBP
10,779 1.7854 GBP
64,844 1.7903 GBP
152,327 1.8040 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 Expiry date Option money paid/ received per unit
e.g. American, European etc.
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
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: 31 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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .
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