REG - LondonMetric Urban Logistics REIT - Form 8 (OPD) - LondonMetric Property Plc

Londonmetric PropertyAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250429:nRSc5140Ga&default-theme=true

RNS Number : 5140G  LondonMetric Property PLC  29 April 2025

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:                                                         28 April 2025

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          YES -   URBAN LOGISTICS REIT PLC (OFFEREE)
 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((1))
 Andrew Jones                5,742,363                   0.28%
 Martin McGann      3,134,686*                           0.15%
 Suzanne Avery      27,050                               0.00%
 Alistair Elliott   90,000                               0.00%
 Robert Fowlds      136,780                              0.01%
 Andrew Livingston  106,830                              0.01%
 Kitty Patmore      15,000                               0.00%
 Suzy Neubert       39,505                               0.00%
 Nick Leslau        26,408,755**                         1.28%
 Sandy Gumm         351,640                              0.02%
 Total              36,052,609                           1.75%

* Noting the dealing disclosure released on 11 April 2025 in relation to the
 interests of Martin McGann underreported the number of LondonMetric Shares
 held (and the number of LondonMetric Shares that were the subject of the
 dealing in respect of which the disclosure relates) by 76 LondonMetric Shares.

 ** Of which 2,042,895 LondonMetric Shares are owned by Yoginvest Ltd (in
 respect of which Nick Leslau is a director and sole shareholder) and
 24,365,860 LondonMetric Shares are owned by Prestbury Investment Holdings
 Limited (in respect of which Nick Leslau is a director and holds a controlling
 indirect interest and Sandy Gumm is a director and a shareholder). Noting the
 Opening Positions Disclosure released by LondonMetric on 10 April 2025
 overreported the number of LondonMetric Shares held by Nick Leslau (together
 with his close relatives and the related trusts of any of them) by 1
 LondonMetric Share.

 (1)   Percentages are calculated on the basis of 2,055,249,995 LondonMetric
 shares in issue as at the latest practicable date prior to the disclosure.

Share Options
 Name           Scheme           Date of grant  Number of LondonMetric shares under option((3))  Exercise price per LondonMetric share  Vesting Date((2))  Date of expiry
 Andrew Jones   Long term        06/06/2022     564,009                                          Nil paid                               06/06/2025         05/06/2032

         incentive plan
 Andrew Jones   Long term        02/06/2023     777,620                                          Nil paid                               02/06/2026         01/06/2033

         incentive plan
 Andrew Jones   Long term        13/06/2024     847,751                                          Nil paid                               13/06/2027         12/06/2034

         incentive plan
 Martin McGann  Long term        06/06/2022     292,275                                          Nil paid                               06/06/2025         05/06/2032

         incentive plan
 Martin McGann  Long term        02/06/2023     410,495                                          Nil paid                               02/06/2026         01/06/2033

         incentive plan
 Martin McGann  Long term        13/06/2024     458,976                                          Nil paid                               13/06/2027         12/06/2034

         incentive plan

(2)   Vesting is for a period of at least three years from the date of
 grant, or such other period as determined by LondonMetric's remuneration
 committee, subject to performance conditions.

 (3)   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) Positions held by LondonMetric connected advisers

Name                                           Number          %((4))
 J. P. Morgan Chase Bank, National Association  Long 12 shares  0.00

(4)   Percentage is calculated on the basis of 2,055,249,995 LondonMetric
 shares in issue as at the latest practicable date prior to the disclosure.

* Noting the dealing disclosure released on 11 April 2025 in relation to the
interests of Martin McGann underreported the number of LondonMetric Shares
held (and the number of LondonMetric Shares that were the subject of the
dealing in respect of which the disclosure relates) by 76 LondonMetric Shares.

** Of which 2,042,895 LondonMetric Shares are owned by Yoginvest Ltd (in
respect of which Nick Leslau is a director and sole shareholder) and
24,365,860 LondonMetric Shares are owned by Prestbury Investment Holdings
Limited (in respect of which Nick Leslau is a director and holds a controlling
indirect interest and Sandy Gumm is a director and a shareholder). Noting the
Opening Positions Disclosure released by LondonMetric on 10 April 2025
overreported the number of LondonMetric Shares held by Nick Leslau (together
with his close relatives and the related trusts of any of them) by 1
LondonMetric Share.

 

(1)   Percentages are calculated on the basis of 2,055,249,995 LondonMetric
shares in issue as at the latest practicable date prior to the disclosure.

 

 Share Options
 Name           Scheme           Date of grant  Number of LondonMetric shares under option((3))  Exercise price per LondonMetric share  Vesting Date((2))  Date of expiry
 Andrew Jones   Long term        06/06/2022     564,009                                          Nil paid                               06/06/2025         05/06/2032

                incentive plan
 Andrew Jones   Long term        02/06/2023     777,620                                          Nil paid                               02/06/2026         01/06/2033

                incentive plan
 Andrew Jones   Long term        13/06/2024     847,751                                          Nil paid                               13/06/2027         12/06/2034

                incentive plan
 Martin McGann  Long term        06/06/2022     292,275                                          Nil paid                               06/06/2025         05/06/2032

                incentive plan
 Martin McGann  Long term        02/06/2023     410,495                                          Nil paid                               02/06/2026         01/06/2033

                incentive plan
 Martin McGann  Long term        13/06/2024     458,976                                          Nil paid                               13/06/2027         12/06/2034

                incentive plan

(2)   Vesting is for a period of at least three years from the date of
grant, or such other period as determined by LondonMetric's remuneration
committee, subject to performance conditions.

(3)   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) Positions held by LondonMetric connected advisers

 

 Name                                           Number          %((4))
 J. P. Morgan Chase Bank, National Association  Long 12 shares  0.00

(4)   Percentage is calculated on the basis of 2,055,249,995 LondonMetric
shares in issue as at the latest practicable date prior to the disclosure.

 

 

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:  29 April 2025
 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) .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  FEEPKFBDCBKDAQB