REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
01/05/2026 11:15
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RNS Number : 8302C JPMorgan Securities Plc 01 May 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 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 1,168,557 1.9009 GBP 1.8640 GBP
Sale 1,716,956 1.9030 GBP 1.8640 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 40,620 0.4788 GBP 0.4685 GBP
Sale 46,315 0.4812 GBP 0.4785 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 53,844 1.8720 GBP
18,500 1.8851 GBP
10,527 1.8919 GBP
162,162 1.8934 GBP
28,920 1.8935 GBP
1,407 1.8942 GBP
6,109 1.8955 GBP
12,919 1.8994 GBP
Decrease Short 827 1.8657 GBP
7,325 1.8675 GBP
1,595 1.8720 GBP
1,595 1.8830 GBP
19,271 1.8848 GBP
1,594 1.8860 GBP
92,547 1.8872 GBP
4,459 1.8897 GBP
97,352 1.8898 GBP
29,173 1.8935 GBP
146,720 1.8936 GBP
62,855 1.8937 GBP
87,108 1.8939 GBP
111,145 1.8940 GBP
8,319 1.8946 GBP
13,289 1.8952 GBP
796 1.8956 GBP
1,595 1.8975 GBP
1,595 1.8980 GBP
1,447 1.9000 GBP
Increase Long 196,418 1.8939 GBP
18,009 1.8940 GBP
8,029 1.8969 GBP
Increase Short 517 1.8663 GBP
1,595 1.8720 GBP
1,595 1.8830 GBP
1,594 1.8860 GBP
453 1.8900 GBP
29,962 1.8924 GBP
10,962 1.8940 GBP
13,436 1.8941 GBP
3,909 1.8943 GBP
4,060 1.8949 GBP
6,479 1.8960 GBP
565 1.8967 GBP
1,595 1.8975 GBP
1,595 1.8980 GBP
99 1.8990 GBP
15,973 1.8992 GBP
7,769 1.8993 GBP
31,463 1.9002 GBP
229 1.9008 GBP
Opening a long position 850 1.8740 GBP
36,984 1.8937 GBP
6,258 1.8992 GBP
163 1.9011 GBP
Opening a short position 2,084 1.8663 GBP
1,748 1.8881 GBP
39,573 1.8940 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 5,705 0.4812 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: 01 May 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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