Last checked at 6 Mar 2024 11:27
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 | LondonMetric Property plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial Advisor and joint Corporate Broker to LondonMetric Property Plc |
(d) Date dealing undertaken: | 5 March 2024 |
(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" | Yes, LXi REIT plc |
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 |
10p ordinary | Purchase
Sale | 1,005,669
1,135,187 | 1.8580 GBP
1.8580 GBP | 1.8300 GBP
1.8300 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 |
10p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 340,444 59,554 78,912 2,126,436 341,000 293,608 75,192 19,246 1,414 83,174 1,138 1,358 16,297 827 15,355 4 6,329 5,075 19 1,815 389 884,421 126,884 2,557 119 1,501
265,998 21,407 1 10,394 5,930 2 5,834 695
2,047,829 84 2,762 15,689 405 1,473 4,460 502 870 859 332,956 1,421 1,815 1,239 23,727 128,301 907
99,910 445 2 139,139 2,242
404,939 13,171 43,496 110 24,398 12,758
38,812 1,820 11,351 760,481 | TBD 1.8009 GBP 1.8011 GBP 1.8062 GBP 1.8225 GBP 1.8262 GBP 1.8346 GBP 1.8419 GBP 1.8431 GBP 1.8440 GBP 1.8441 GBP 1.8468 GBP 1.8501 GBP 1.8513 GBP 1.8527 GBP 1.8530 GBP 1.8531 GBP 1.8532 GBP 1.8540 GBP 1.8541 GBP 1.8543 GBP 1.8568 GBP 1.8577 GBP 1.8580 GBP 2.2716 GBP 2.5237 GBP
1.8009 GBP 1.8010 GBP 1.8300 GBP 1.8419 GBP 1.8457 GBP 1.8525 GBP 1.8545 GBP 1.8579 GBP
1.7222 GBP 1.8041 GBP 1.8310 GBP 1.8335 GBP 1.8340 GBP 1.8413 GBP 1.8421 GBP 1.8471 GBP 1.8492 GBP 1.8500 GBP 1.8506 GBP 1.8538 GBP 1.8541 GBP 1.8550 GBP 1.8579 GBP 1.8580 GBP 2.6056 GBP
TBD 1.8330 GBP 1.8425 GBP 1.8524 GBP 1.8535 GBP
TBD 1.8329 GBP 1.8419 GBP 1.8500 GBP 1.8508 GBP 1.8514 GBP
1.8010 GBP 1.8525 GBP 1.8580 GBP 1.8582 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 |
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(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
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| Date of disclosure: | 6 March 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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.