REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
Yesterday 11:30
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RNS Number : 1501B JPMorgan Securities Plc 20 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: 17 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 1,054,212 1.9930 GBP 1.9392 GBP
Sale 1,202,611 1.9930 GBP 1.9400 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 76,470 0.5125 GBP 0.4996 GBP
Sale 231,142 0.5120 GBP 0.4980 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 17,100 1.9656 GBP
4 1.9832 GBP
1,293 1.9872 GBP
1 1.9882 GBP
Decrease Short 1,261 1.9514 GBP
624 1.9567 GBP
26,433 1.9614 GBP
656 1.9644 GBP
25,997 1.9658 GBP
703 1.9659 GBP
16,731 1.9674 GBP
26,329 1.9702 GBP
15,032 1.9790 GBP
47,501 1.9829 GBP
254,136 1.9830 GBP
26,925 1.9834 GBP
22,267 1.9841 GBP
14,116 1.9857 GBP
1,600 1.9890 GBP
5,489 1.9893 GBP
Increase Long 79,197 1.9609 GBP
79,355 1.9702 GBP
12,554 1.9804 GBP
14,267 1.9829 GBP
943 1.9880 GBP
6,445 1.9895 GBP
Increase Short 3,980 1.9417 GBP
6,009 1.9463 GBP
403 1.9495 GBP
574 1.9561 GBP
4,527 1.9621 GBP
38,209 1.9677 GBP
204 1.9679 GBP
15,610 1.9711 GBP
64,464 1.9761 GBP
8,617 1.9773 GBP
43,279 1.9830 GBP
98,422 1.9839 GBP
13,491 1.9842 GBP
41,620 1.9847 GBP
55 1.9851 GBP
Opening a long position 30,217 1.9793 GBP
5,765 1.9840 GBP
14,928 1.9871 GBP
2,888 1.9879 GBP
Opening a short position 11,944 1.9436 GBP
1,835 1.9483 GBP
14,928 1.9568 GBP
62,872 1.9830 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 172,481 0.5104 GBP
Increase Short 17,809 0.4996 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: 20 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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