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J.P. Morgan Securities Plc, acting as an exempt principal trader and corporate broker to Auction Technology Group plc, disclosed its dealings in Auction Technology Group plc's 0.01p ordinary shares undertaken on 19 January 2026. The disclosure detailed purchases of 400,028 shares at prices ranging from 3.4700 GBP to 3.5950 GBP, and sales of 660,350 shares at prices from 3.4697 GBP to 3.5691 GBP. Additionally, the firm engaged in various cash-settled equity swap transactions, referencing a total of 258,741 securities for decreases and 138,329 securities for increases/openings.
| Date | 20 Jan 2026 |
| Time | 11:22:19 |
| Category | Holding(s) in company |
| ID | 6195P |
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
|
(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
|
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Auction Technology Group plc |
|
(c) Name of the party to the offer with which exempt principal trader is connected: |
Corporate Broker to Auction Technology Group plc |
|
(d) Date dealing undertaken: |
19 January 2026 |
|
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" |
N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
|
Class of relevant security |
Purchases/ sales
|
Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
|
0.01p ordinary |
Purchase |
400,028 |
3.5950 GBP |
3.4700 GBP |
Sale |
|
|
|
(b) Cash-settled derivative transactions
|
Class of relevant security |
Product description e.g. CFD |
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position |
Number of reference securities |
Price per unit |
|
0.01p ordinary |
Equity Swap |
Decrease Long |
3,994 |
3.4701 GBP |
|
|
|
289 |
3.4703 GBP |
|
|
|
|
602 |
3.4791 GBP |
|
|
|
|
1,722 |
3.5013 GBP |
|
|
|
|
351 |
3.5048 GBP |
|
|
|
|
2,100 |
3.5055 GBP |
|
|
|
|
28,506 |
3.5140 GBP |
|
|
|
|
|
||
|
|
|
5,123 |
3.4933 GBP |
|
|
|
|
14,885 |
3.4965 GBP |
|
|
|
|
9,933 |
3.4973 GBP |
|
|
|
|
3,615 |
3.4997 GBP |
|
|
|
|
3,707 |
3.4999 GBP |
|
|
|
|
25,000 |
3.5020 GBP |
|
|
|
|
28,618 |
3.5124 GBP |
|
|
|
|
16 |
3.5150 GBP |
|
|
|
|
25,000 |
3.5175 GBP |
|
|
|
|
51,412 |
3.5350 GBP |
|
|
|
|
1,750 |
3.5356 GBP |
|
|
|
|
25,000 |
3.5497 GBP |
|
|
|
|
25,000 |
3.5997 GBP |
|
|
|
|
|
||
|
|
|
176 |
3.4700 GBP |
|
|
|
|
5,189 |
3.4778 GBP |
|
|
|
|
205 |
3.4848 GBP |
|
|
|
|
100 |
3.4888 GBP |
|
|
|
|
2,151 |
3.4921 GBP |
|
|
|
|
2,528 |
3.5001 GBP |
|
|
|
|
47,640 |
3.5006 GBP |
|
|
|
|
6,626 |
3.5022 GBP |
|
|
|
|
6,200 |
3.5024 GBP |
|
|
|
|
12,746 |
3.5046 GBP |
|
|
|
|
10,000 |
3.5138 GBP |
|
|
|
|
1,378 |
3.5162 GBP |
|
|
|
|
1,132 |
3.5207 GBP |
|
|
|
|
650 |
3.5225 GBP |
|
|
|
|
6,333 |
3.5264 GBP |
|
|
|
|
3,634 |
3.5293 GBP |
|
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
253 |
3.5127 GBP |
|
|
|
|
236 |
3.5301 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
|
Class of relevant security |
Product description e.g. call option |
Writing, purchasing, selling, varying etc. |
Number of securities to which option relates |
Exercise price per unit |
Type e.g. American, European etc. |
Expiry date |
Option money paid/ received per unit |
|
|
|
|
|
|
|
|
|
(ii) Exercise
|
Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
|
|
|
|
|
|
(d) Other dealings (including subscribing for new securities)
|
Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
|
|
|
|
|
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
|
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
|
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
|
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
|
None
|
Date of disclosure: |
20 January 2026 |
Contact name: |
Hetvi Shah |
Telephone number: |
44 2034 936359 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.