Back

Jupiter Fund Management discloses 1.07% stake in LondonMetric Property with 0.20% cash-settled derivatives after share sale

The Rule 8.3 filing relates to the consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited and shows a sale of 645,615 LondonMetric shares on July 30, 2026.

Summary

Jupiter Fund Management Plc disclosed an interest in LondonMetric Property plc under Rule 8.3 of the Takeover Code, reporting 25,349,874 10p ordinary shares, equal to 1.07%, and cash-settled derivatives over 4,909,786 shares, or 0.20%, following dealing on July 30, 2026. The filing relates to a consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited. Jupiter also reported the sale of 645,615 LondonMetric 10p ordinary shares at 1.971633 per unit. No stock-settled derivatives, rights to subscribe for new securities, indemnity arrangements, option-related agreements, or Supplemental Form 8 for open positions were disclosed. The disclosure was dated July 31, 2026.

Terms & Concepts
  • Rule 8.3: A Takeover Code disclosure requirement for a person holding interests in relevant securities representing 1% or more.
  • cash-settled derivatives: Derivative contracts whose gains or losses are paid in cash rather than through delivery of shares.
  • stock-settled derivatives: Derivative contracts that are settled by delivering shares, including some options and purchase agreements.