Jupiter Fund Management discloses LondonMetric holding and derivative short after 2.5 million-share sale

The Rule 8.3 filing showed Jupiter held 22,849,874 LondonMetric shares, or 0.97%, and a 0.20% short position via cash-settled derivatives after selling 2.5 million shares.

Summary

Jupiter Fund Management Plc disclosed an opening position in LondonMetric Property plc under Rule 8.3 of the Takeover Code in relation to a consortium comprising LondonMetric Property plc and Schroder Real Estate Investment Trust Limited. The filing showed Jupiter owned or controlled 22,849,874 LondonMetric 10p ordinary shares, equal to 0.97%, and held a short position of 4,909,786 shares, or 0.20%, through cash-settled derivatives after dealing on August 3, 2026. Jupiter also reported selling 2,500,000 LondonMetric ordinary shares at 1.96704523 per share. The disclosure said there were no stock-settled derivatives, no rights to subscribe for new securities, no other dealings, and no indemnity, option or derivative-related arrangements, and no supplemental open positions form was attached. The disclosure was dated August 4, 2026.

Terms & Concepts
  • Rule 8.3: A UK Takeover Code disclosure requirement for investors with interests of 1% or more in relevant securities during an offer period.
  • cash-settled derivatives: Contracts that pay out in cash based on a share price rather than requiring delivery of the underlying shares.
  • short position: An exposure that benefits if the price of the referenced security falls.