Source - LSE Regulatory
RNS Number : 1238E
JPMorgan Securities Plc
22 February 2024
 

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:

21 February 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

1,497,438

 

2,258,607

1.9050 GBP

 

1.9080 GBP

1.8780 GBP

 

1.8780 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

 

 

 

 

 

129

1,258

9

26,905

 

450

180,134

27,690

 

754,287

 

2,821

109

46,911

795

71,579

 

107,934

1,882

4

104

7,024

13,240

5,237

3,014

733

1,710

 

 

79,782

3,463

15,942

322

41,356

17

1.8875 GBP

1.8890 GBP

1.8902 GBP

1.9018 GBP

 

1.8780 GBP

1.8805 GBP

1.8883 GBP

 

1.8920 GBP

 

1.8788 GBP

1.8794 GBP

1.8860 GBP

1.8960 GBP

1.9008 GBP

 

1.8780 GBP

1.8870 GBP

1.8899 GBP

1.8900 GBP

1.8901 GBP

1.8906 GBP

1.8910 GBP

1.8941 GBP

1.8969 GBP

1.9043 GBP

 

 

1.8780 GBP

1.8781 GBP

1.8902 GBP

1.8904 GBP

1.8935 GBP

1.9030 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)

 

 

 

 

 

 

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:

22 February 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.

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