REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT
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RNS Number : 9643A JPMorgan Securities Plc 17 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: 16 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 1,311,250 1.9765 GBP 1.9292 GBP
Sale 1,220,643 1.9770 GBP 1.9309 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 42,490 0.5067 GBP 0.5030 GBP
Sale 551,549 0.5090 GBP 0.5030 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 6,243 1.9307 GBP
77,885 1.9461 GBP
10 1.9462 GBP
1 1.9500 GBP
3,800 1.9502 GBP
25,768 1.9598 GBP
2,000 1.9610 GBP
Decrease Short 27,965 1.9418 GBP
75,421 1.9460 GBP
9,273 1.9462 GBP
35,306 1.9508 GBP
34,492 1.9540 GBP
47,425 1.9544 GBP
6,370 1.9561 GBP
89,243 1.9573 GBP
5,024 1.9584 GBP
17,691 1.9599 GBP
11,316 1.9673 GBP
4,543 1.9737 GBP
25,046 1.9740 GBP
Increase Long 7,321 1.9457 GBP
11,817 1.9458 GBP
8,244 1.9459 GBP
8,786 1.9488 GBP
150 1.9489 GBP
11,951 1.9548 GBP
123,400 1.9633 GBP
Increase Short 4,136 1.9430 GBP
201,089 1.9460 GBP
89,912 1.9483 GBP
55 1.9509 GBP
782 1.9535 GBP
37,451 1.9542 GBP
78,508 1.9549 GBP
213 1.9554 GBP
894 1.9563 GBP
1,750 1.9570 GBP
104,631 1.9588 GBP
22,965 1.9621 GBP
Opening a long position 4,643 1.9425 GBP
7,305 1.9460 GBP
80,139 1.9640 GBP
Opening a short position 81,408 1.9460 GBP
7,305 1.9575 GBP
5,725 1.9625 GBP
3,052 1.9758 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 498,030 0.5070 GBP
21,000 0.5075 GBP
Increase Short 12,261 0.5067 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: 17 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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