| 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 | LONDONMETRIC PROPERTY PLC | |||||
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| principal trader is connected |
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| (d) | Date position held/dealing undertaken: |
| 15 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 URBAN LOGISTICS REIT 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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| 8,298,537 | 0.40% | 29,247,955 | 1.42% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 27,520,372 | 1.34% | 5,354,056 | 0.26% |
| (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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| 35,818,909 | 1.74% | 34,602,011 | 1.68% |
| (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 | 3,424,960 | 1.8840 GBP | 1.8560 GBP | |||
| 10p ordinary | Sale | 3,131,451 | 1.8840 GBP | 1.8550 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 | 664 | 1.8589 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 46,242 | 1.8601 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 6,936 | 1.8604 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 9,192 | 1.8609 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 34,595 | 1.8626 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,122,400 | 1.8631 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 13,621 | 1.8654 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 30,227 | 1.8658 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 33,453 | 1.8659 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 5,323 | 1.8661 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 10,249 | 1.8695 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 23,121 | 1.8718 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 1,782 | 1.8737 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 7,022 | 1.8751 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 646 | 1.8775 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 47,464 | 1.8831 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 29,406 | 1.8840 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 138,740 | 1.8627 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 20,200 | 1.8635 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 530,587 | 1.8636 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 52,321 | 1.8647 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 135,010 | 1.8650 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 52,876 | 1.8668 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 158,927 | 1.8692 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 9,574 | 1.8705 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 33,337 | 1.8707 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 117,382 | 1.8725 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 59,993 | 1.8737 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 8,376 | 1.8741 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 8,132 | 1.8745 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 18,152 | 1.8766 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 123,845 | 1.8838 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 71,637 | 1.8840 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 764 | 1.8620 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 16,742 | 1.8661 GBP | |||
| 10p ordinary | CFD | Opening Short | 104,721 | 1.8675 GBP | |||
| 10p ordinary | CFD | Increasing Short | 6,144 | 1.8707 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 | |||
| security |
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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: | 16 Apr 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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