REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
29/05/2026 11:00
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RNS Number : 2625G JPMorgan Securities Plc 29 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: 28 May 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 3,868,977 1.9001 GBP 1.8850 GBP
Sale 5,647,332 1.9020 GBP 1.8850 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 54,550 0.4850 GBP 0.4795 GBP
Sale 45,752 0.4855 GBP 0.4808 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 20,978 1.8903 GBP
34,065 1.8906 GBP
36,183 1.8916 GBP
150,525 1.8921 GBP
9,708 1.8926 GBP
837 1.8931 GBP
23,413 1.8940 GBP
3,690 1.8941 GBP
3,958 1.8942 GBP
11,372 1.8945 GBP
24,445 1.8955 GBP
Decrease Short 4,439 1.8915 GBP
8,559 1.8929 GBP
155,160 1.8940 GBP
179 1.8958 GBP
1,396,765 1.8990 GBP
Increase Long 3,941 1.8848 GBP
23,500 1.8911 GBP
33,135 1.8926 GBP
2,918 1.8927 GBP
428 1.8928 GBP
27,354 1.8932 GBP
32,762 1.8935 GBP
34,514 1.8937 GBP
1,330 1.8938 GBP
36,180 1.8939 GBP
191,771 1.8940 GBP
82,302 1.8941 GBP
3,349 1.8946 GBP
52,730 1.8948 GBP
104,319 1.8956 GBP
703 1.8959 GBP
1,172 1.8970 GBP
Increase Short 572 1.8899 GBP
20,897 1.8943 GBP
17,136 1.8954 GBP
Opening a long position 1,547 1.8889 GBP
411 1.8899 GBP
7,116 1.8915 GBP
2,121 1.8969 GBP
Opening a short position 3,867 1.8876 GBP
33,633 1.8921 GBP
4,089 1.8967 GBP
10,897 1.9001 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 401 0.4844 GBP
Increase Short 9,199 0.4795 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: 29 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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. END FERGCGDUDUDDGLC
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