REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
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RNS Number : 4255A JPMorgan Securities Plc 14 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: 13 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 3,491,221 1.9080 GBP 1.8900 GBP
Sale 2,997,832 1.9080 GBP 1.8899 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 6,816 0.4920 GBP 0.4860 GBP
Sale 3,051 0.4920 GBP 0.4920 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 32,103 1.8901 GBP
1,807 1.8902 GBP
7,772 1.8915 GBP
11,802 1.8953 GBP
Decrease Short 11,813 1.8899 GBP
1,759,160 1.8900 GBP
10,223 1.8902 GBP
178,786 1.8922 GBP
4,220 1.8924 GBP
13 1.8930 GBP
16,386 1.8935 GBP
4,629 1.8949 GBP
1 1.8950 GBP
10,604 1.8952 GBP
11,404 1.8953 GBP
8,535 1.8960 GBP
9,958 1.8966 GBP
8,551 1.8975 GBP
929 1.8993 GBP
1 1.9000 GBP
Increase Long 15,389 1.8916 GBP
10,373 1.8924 GBP
13,834 1.8930 GBP
31,370 1.8943 GBP
4,735 1.8948 GBP
35,596 1.8951 GBP
Increase Short 2,266,694 1.8900 GBP
61,678 1.8901 GBP
19,749 1.8902 GBP
33,692 1.8910 GBP
22,269 1.8911 GBP
1,216 1.8940 GBP
24,656 1.8959 GBP
58,985 1.8963 GBP
72,213 1.8988 GBP
Opening a long position 34,379 1.8900 GBP
1,424 1.8965 GBP
1,540 1.9009 GBP
Opening a short position 7,659 1.8900 GBP
1,982 1.8951 GBP
4,763 1.8953 GBP
29,214 1.8979 GBP
1,147 1.8999 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 Increase Short 3,765 0.4860 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: 14 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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