| FORM 8.5 (EPT/NON-RI) | |||||||
| PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN | |||||||
| EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS | |||||||
| (OR WHERE RI STATUS IS NOT APPLICABLE) | |||||||
| Rule 8.5 of the Takeover Code (the "Code") | |||||||
| 1. | KEY INFORMATION | ||||||
| (a) | Name of exempt principal trader: |
| BARCLAYS CAPITAL SECURITIES LTD | ||||
| (b) | Name of offeror/offeree in relation to whose |
| LONDONMETRIC PROPERTY PLC | ||||
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| relevant securities this form relates: |
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| (c) | Name of the party to the offer with which exempt | HIGHCROFT INVESTMENTS PLC | |||||
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| principal trader is connected |
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| (d) | Date position held/dealing undertaken: |
| 04 Apr 2025 | ||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: |
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| trader making disclosures in respect of any other party to the offer? | HIGHCROFT INVESTMENTS PLC |
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| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing (if any) |
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| Class of relevant security: | 10p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 8,990,504 | 0.44% | 25,856,319 | 1.26% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 24,388,913 | 1.19% | 4,262,937 | 0.21% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 33,379,417 | 1.63% | 30,119,256 | 1.47% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| security |
| securities | paid/received | paid/received | |||
| 10p ordinary | Purchase | 1,298,162 | 1.8830 GBP | 1.7950 GBP | |||
| 10p ordinary | Sale | 2,228,292 | 1.8806 GBP | 1.7950 GBP | |||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 10p ordinary | SWAP | Increasing Long | 6,542 | 1.7948 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 336,779 | 1.7950 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 439 | 1.7978 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 252,569 | 1.8027 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,774 | 1.8087 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,279 | 1.8199 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 4,308 | 1.8208 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 124,815 | 1.8243 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 202 | 1.8298 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,784 | 1.8390 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 178,023 | 1.8413 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 922 | 1.8436 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 11,482 | 1.8453 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 149,212 | 1.8454 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 250,726 | 1.8476 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 53,909 | 1.8500 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 10,671 | 1.8506 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 89,358 | 1.8538 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 6,827 | 1.8615 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 3,171 | 1.8652 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1 | 1.8760 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 291,943 | 1.7950 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 24,680 | 1.7953 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 7,276 | 1.8313 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,784 | 1.8390 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 6,428 | 1.8560 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 165,362 | 1.8562 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,300 | 1.8566 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 63,832 | 1.8585 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 19,095 | 1.8616 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 32,903 | 1.8639 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 250,000 | 1.8761 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 200 | 1.8830 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 307,197 | 1.8122 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 44,216 | 1.8156 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 138,867 | 1.8462 GBP | |||
| 10p ordinary | CFD | Increasing Short | 66,958 | 1.7951 GBP | |||
| 10p ordinary | CFD | Increasing Short | 83,100 | 1.7977 GBP | |||
| 10p ordinary | CFD | Increasing Short | 19,359 | 1.8504 GBP | |||
| 10p ordinary | CFD | Increasing Short | 23,760 | 1.8628 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| securities | unit | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the exempt principal trader making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 07 Apr 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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