REG - JPMorgan Sec.Plc LondonMetric Schroder Real Estate - Form 8.5 (EPT/RI)-LondonMetric & Schroder REIT Ltd
05/06/2026 11:45
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RNS Number : 2341H JPMorgan Securities Plc 05 June 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: 04 June 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 1,871,908 1.8350 GBP 1.8120 GBP
Sale 949,462 1.8320 GBP 1.8119 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 51,212 0.4770 GBP 0.4729 GBP
Sale 58,617 0.4770 GBP 0.4670 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 2,835 1.8252 GBP
12,960 1.8268 GBP
10,322 1.8270 GBP
93,045 1.8271 GBP
19,219 1.8273 GBP
17,979 1.8277 GBP
61,295 1.8284 GBP
10,150 1.8286 GBP
1,867 1.8289 GBP
139,898 1.8290 GBP
425 1.8294 GBP
7,071 1.8295 GBP
97,883 1.8303 GBP
8,098 1.8307 GBP
164 1.8311 GBP
Decrease Short 19,108 1.8237 GBP
28,812 1.8273 GBP
30,689 1.8282 GBP
22,425 1.8290 GBP
10,822 1.8300 GBP
654 1.8301 GBP
Increase Long 533 1.8119 GBP
33,203 1.8248 GBP
162 1.8250 GBP
196,129 1.8270 GBP
61 1.8278 GBP
18,759 1.8280 GBP
2,969 1.8284 GBP
80 1.8286 GBP
5,600 1.8290 GBP
362 1.8292 GBP
40,494 1.8295 GBP
15,026 1.8298 GBP
63 1.8300 GBP
5,914 1.8309 GBP
Increase Short 57 1.8150 GBP
17,692 1.8206 GBP
11,580 1.8270 GBP
55,170 1.8273 GBP
10,718 1.8276 GBP
4,564 1.8317 GBP
Opening a long position 17,189 1.8270 GBP
11,677 1.8317 GBP
Opening a short position 780,241 1.8270 GBP
28,866 1.8277 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 6,911 0.4670 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: 05 June 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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