REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
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RNS Number : 0196A JPMorgan Securities Plc 10 April 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: 09 April 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
LondonMetric 10p ordinary Purchase 2,537,147 1.9251 GBP 1.8920 GBP
Sale 940,798 1.9250 GBP 1.8930 GBP
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 8,445 0.4915 GBP 0.4900 GBP
Sale 102,993 0.4955 GBP 0.4900 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
LondonMetric 10p ordinary Equity Swap Decrease Long 4,738 1.8982 GBP
16,075 1.9051 GBP
14,355 1.9101 GBP
1 1.9102 GBP
204,750 1.9119 GBP
Decrease Short 1,331 1.9023 GBP
1,978 1.9035 GBP
160,330 1.9039 GBP
116,873 1.9050 GBP
12,804 1.9066 GBP
8,239 1.9070 GBP
784 1.9077 GBP
9,961 1.9091 GBP
16,952 1.9095 GBP
169,110 1.9097 GBP
27,844 1.9098 GBP
29,877 1.9099 GBP
189,642 1.9100 GBP
1,722 1.9137 GBP
4,335 1.9161 GBP
Increase Long 56,490 1.9048 GBP
28,851 1.9066 GBP
8,725 1.9077 GBP
19,400 1.9081 GBP
11,100 1.9099 GBP
Increase Short 2,567 1.9011 GBP
613 1.9020 GBP
11,589 1.9029 GBP
4,395 1.9042 GBP
1,131 1.9047 GBP
32,820 1.9055 GBP
10,435 1.9063 GBP
7,267 1.9068 GBP
8,239 1.9070 GBP
7,626 1.9079 GBP
16,075 1.9091 GBP
29,661 1.9093 GBP
3,226 1.9100 GBP
27,986 1.9101 GBP
1,749 1.9161 GBP
753 1.9251 GBP
Opening a long position 21,981 1.9100 GBP
3,445 1.9120 GBP
Opening a short position 500 1.9011 GBP
14,659 1.9024 GBP
10,267 1.9054 GBP
1,969,112 1.9100 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
Schroder REIT ordinary NPV Equity Swap Decrease Short 1,929 0.4900 GBP
Increase Short 1,770 0.4915 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: 10 April 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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