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8 Jan 2026 10:51
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 relates: Use a separate form for each offeror/offeree | Auction Technology Group plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Auction Technology Group plc |
(d) Date dealing undertaken: | 07 January 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | 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 |
0.01p ordinary | Purchase | 314,628 | 3.3255 GBP | 3.2150 GBP |
| Sale | 305,356 | 3.3200 GBP | 3.2148 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
0.01p ordinary | Equity Swap | Decrease Long | 6,591 | 3.2151 GBP |
6,596 | 3.2191 GBP | |||
76 | 3.2253 GBP | |||
2,294 | 3.2267 GBP | |||
4,614 | 3.2318 GBP | |||
85 | 3.2323 GBP | |||
8,064 | 3.2673 GBP | |||
16,424 | 3.2854 GBP | |||
640 | 3.3255 GBP | |||
Decrease Short | 4,900 | 3.2293 GBP | ||
3,358 | 3.2437 GBP | |||
20,209 | 3.2528 GBP | |||
2,575 | 3.2575 GBP | |||
26 | 3.2576 GBP | |||
6,004 | 3.2590 GBP | |||
2,658 | 3.2671 GBP | |||
9 | 3.2994 GBP | |||
5 | 3.3010 GBP | |||
43,382 | 3.3200 GBP | |||
Increase Long | 6,586 | 3.2148 GBP | ||
9,543 | 3.2150 GBP | |||
8,731 | 3.2254 GBP | |||
617 | 3.2424 GBP | |||
12,800 | 3.2458 GBP | |||
9,024 | 3.2517 GBP | |||
2,622 | 3.2520 GBP | |||
8,680 | 3.2604 GBP | |||
682 | 3.2609 GBP | |||
10,678 | 3.2799 GBP | |||
3,350 | 3.2825 GBP | |||
927 | 3.2931 GBP | |||
12,733 | 3.3062 GBP | |||
2,900 | 3.3104 GBP | |||
23,267 | 3.3158 GBP | |||
20,000 | 3.3183 GBP | |||
2,958 | 3.3200 GBP | |||
Increase Short | 400 | 3.2150 GBP | ||
11,963 | 3.2186 GBP | |||
50,000 | 3.2464 GBP | |||
50,000 | 3.2502 GBP | |||
36,020 | 3.3067 GBP | |||
43,382 | 3.3200 GBP | |||
Opening a long position | 2,290 | 3.2150 GBP | ||
649 | 3.2327 GBP | |||
438 | 3.2525 GBP | |||
Opening a short position | 2,499 | 3.2486 GBP | ||
878 | 3.2672 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 e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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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
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(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: | 08 January 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.
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