REG - LondonMetric - Form 8 (OPD) - LondonMetric Property PLC

Londonmetric PropertyAnnouncement

25/02/2026 07:00

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RNS Number : 2300U  LondonMetric Property PLC  25 February 2026

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                     LONDONMETRIC PROPERTY

                                                                                 PLC
 (b) Owner or controller of interests and short positions disclosed, if          N/A
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form  LONDONMETRIC PROPERTY
 relates:

                                                                               PLC
      Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEROR
 (e) Date position held:                                                         24 February 2026

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          NO
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates

 

 Class of relevant security:                                          10p Ordinary shares

                                                                      Interests      Short positions

                                                                      Number  %      Number    %
 (1) Relevant securities owned and/or controlled:                     Nil     -      Nil       -
 (2) Cash-settled derivatives:                                        Nil     -      Nil       -

 (3) Stock-settled derivatives (including options) and agreements to  Nil     -      Nil       -
 purchase/sell:
                                                                      Nil     -      Nil       -

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities

 

 Class of relevant security in relation to which subscription right exists:   N/A
 Details, including nature of the rights concerned and relevant percentages:  N/A

 

 

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO
THE OFFER MAKING THE DISCLOSURE

 

 Details of any interests, short positions and rights to subscribe (including
 directors' and other employee options) of any person acting in concert with
 the party to the offer making the disclosure:

 a) Interests in LondonMetric Property plc ("LondonMetric") shares held by
 LondonMetric directors (together with their close relatives and the related
 trusts of any of them)

Name              Total Number of LondonMetric Shares  Percentage of existing issued share capital of LondonMetric
 Andrew Jones               6,007,539                   0.26%
 Martin McGann     3,272,102                            0.14%
 Suzanne Avery     27,050                               0.00%
 Alistair Elliott  90,000                               0.00%
 Robert Fowlds     136,780                              0.01%
 Kitty Patmore     15,000                               0.00%
 Suzy Neubert      39,505                               0.00%
 Nick Leslau       26,408,755                           1.13%
 Sandy Gumm        351,639                              0.01%
 Total             36,348,370                           1.55%

 

Share Options
 Name           Scheme           Date of grant  Number of LondonMetric shares under option((1))  Exercise price per LondonMetric share  Vesting Date  Date of expiry
 Andrew Jones   Long term        02/06/2023     816,479                                          Nil paid                               02/06/2026    01/06/2033

         incentive plan
 Andrew Jones   Long term        13/06/2024     890,115                                          Nil paid                               13/06/2027    12/06/2034

         incentive plan
 Andrew Jones   Long term        03/06/2025     846,459                                          Nil paid                               03/06/2028    02/06/2035

         incentive plan
 Martin McGann  Long term        02/06/2023     431,008                                          Nil paid                               02/06/2026    01/06/2033

         incentive plan
 Martin McGann  Long term        13/06/2024     481,912                                          Nil paid                               13/06/2027    12/06/2034

         incentive plan
 Martin McGann  Long term        03/06/2025     458,278                                          Nil paid                               03/06/2028    02/06/2035

         incentive plan

(1)   Figures include the incremental number of shares which the participant
 is entitled to receive on vesting of the award as a result of the total
 dividend increases which are accrued during the vesting period.

 b) Cash settled derivative positions held by LondonMetric connected advisers

Name                       Number   %
 Leucadia Asset Management  34,799*  0.00%

*Leucadia Asset Management is a member of the Jefferies Financial Group and
 holds these shares as long swap shares.

 

 

 

 Share Options
 Name           Scheme           Date of grant  Number of LondonMetric shares under option((1))  Exercise price per LondonMetric share  Vesting Date  Date of expiry
 Andrew Jones   Long term        02/06/2023     816,479                                          Nil paid                               02/06/2026    01/06/2033

                incentive plan
 Andrew Jones   Long term        13/06/2024     890,115                                          Nil paid                               13/06/2027    12/06/2034

                incentive plan
 Andrew Jones   Long term        03/06/2025     846,459                                          Nil paid                               03/06/2028    02/06/2035

                incentive plan
 Martin McGann  Long term        02/06/2023     431,008                                          Nil paid                               02/06/2026    01/06/2033

                incentive plan
 Martin McGann  Long term        13/06/2024     481,912                                          Nil paid                               13/06/2027    12/06/2034

                incentive plan
 Martin McGann  Long term        03/06/2025     458,278                                          Nil paid                               03/06/2028    02/06/2035

                incentive plan

(1)   Figures include the incremental number of shares which the participant
is entitled to receive on vesting of the award as a result of the total
dividend increases which are accrued during the vesting period.

 

b) Cash settled derivative positions held by LondonMetric connected advisers

 

 Name                       Number   %
 Leucadia Asset Management  34,799*  0.00%

*Leucadia Asset Management is a member of the Jefferies Financial Group and
holds these shares as long swap shares.

 

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4.         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 party to
 the offer making the disclosure or any person acting in concert with it:

 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 party to the offer making the disclosure, or any person acting in
 concert with it, 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

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

 Supplemental Form 8 (Open Positions)  NO
 Supplemental Form 8 (SBL)             NO

 

 

 Date of disclosure:  25 February 2026
 Contact name:        Jadzia Duzniak
 Telephone number:    020 7484 9035

 

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 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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