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Jupiter Fund Management discloses 1.11% LondonMetric stake and 0.22% short derivative position under UK takeover rules

Jupiter Fund Management discloses 1.11% LondonMetric stake and 0.22% short derivative position under UK takeover rules

Form 8.3 filing showed Jupiter held 25,995,489 LondonMetric shares and cash-settled short exposure over 5,085,788 shares as of 06 July 2026.

Fact Check
Each specific percentage stated in the claim matches the corresponding primary Form 8.3 filing: DCC 1.93%, Gamma 1.50%, and Prologis 1.24%. The filings also confirm small share purchases (12,344 DCC; 968 Gamma; 272 Prologis) and the Prologis Transfer In of 1,597 shares. Filing dates of 06-07 July 2026 match the claim. All are disclosed during offer/opening-position contexts. The only minor imprecision is that the claim's fourth link (Segro, 1.14%) is not itemized in the summary text, but this does not contradict the stated facts.
Summary

Jupiter Fund Management Plc disclosed an opening position in LondonMetric Property plc under Rule 8.3 of the UK Takeover Code, reporting interests in 25,995,489 ordinary shares, equal to 1.11%, and a cash-settled short derivative position over 5,085,788 shares, or 0.22%, as of 06 July 2026. The filing relates to a consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited and was published on 08 July 2026. The disclosure showed no purchases or sales of LondonMetric ordinary shares, but it did report a cash-settled derivative transaction in which Jupiter reduced a short CFD position referencing 44,080 shares at 1.875923 per unit. No stock-settled derivatives, options, subscription rights, indemnity arrangements or other agreements were disclosed, and no Supplemental Form 8 for open positions was attached. Form 8.3 filings are required when an investor holds interests of 1% or more in relevant securities during an offer period, giving the market visibility into significant positions and related dealing activity.

Terms & Concepts
  • Form 8.3: A UK takeover disclosure filing for investors with interests of 1% or more in relevant securities during an offer period.
  • cash-settled derivative: A derivative contract that is settled in cash rather than by delivering the underlying shares.
  • CFD: A contract for difference, a derivative that tracks the price movement of an underlying asset without requiring ownership of it.