REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
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RNS Number : 2212A JPMorgan Securities Plc 13 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: 10 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 2,766,684 1.9170 GBP 1.9021 GBP
Sale 3,459,538 1.9150 GBP 1.9043 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 74,549 0.4970 GBP 0.4915 GBP
Sale 182,022 0.4970 GBP 0.4915 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 5,146 1.9067 GBP
15,450 1.9082 GBP
1,800 1.9091 GBP
584,039 1.9110 GBP
6,912 1.9116 GBP
5,523 1.9117 GBP
11,118 1.9141 GBP
16,301 1.9142 GBP
Decrease Short 1,752 1.9067 GBP
249 1.9075 GBP
575 1.9090 GBP
9,267 1.9091 GBP
173,349 1.9093 GBP
41,053 1.9098 GBP
5,783 1.9107 GBP
13,603 1.9109 GBP
2,136 1.9110 GBP
8,808 1.9113 GBP
805 1.9114 GBP
86,702 1.9119 GBP
11,273 1.9124 GBP
34,365 1.9127 GBP
227,320 1.9135 GBP
8,753 1.9137 GBP
12,039 1.9139 GBP
2,191,280 1.9140 GBP
Increase Long 82,519 1.9114 GBP
2,700 1.9116 GBP
35,619 1.9119 GBP
8,923 1.9131 GBP
44,657 1.9139 GBP
Increase Short 9,196 1.9073 GBP
249 1.9076 GBP
4,583 1.9084 GBP
32,189 1.9094 GBP
18,706 1.9098 GBP
41,062 1.9099 GBP
385 1.9108 GBP
4,952 1.9110 GBP
2,139 1.9113 GBP
3,313 1.9128 GBP
1,775,630 1.9140 GBP
15,469 1.9141 GBP
Opening a long position 251 1.9050 GBP
18,817 1.9126 GBP
4,785 1.9140 GBP
1,745 1.9149 GBP
Opening a short position 20 1.9021 GBP
9,672 1.9079 GBP
15,655 1.9107 GBP
251 1.9140 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 Long 64,021 0.4915 GBP
Decrease Short 25,000 0.4950 GBP
4,366 0.4970 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: 13 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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