t
J.P. Morgan Securities Plc, acting as an exempt principal trader and corporate broker to Auction Technology Group plc, undertook dealings in Auction Technology Group plc's 0.01p ordinary shares on 16 January 2026. The firm purchased 389,070 shares at prices ranging from 3.1700 GBP to 3.6500 GBP, and sold 929,050 shares at prices from 3.2100 GBP to 3.6400 GBP. Additionally, J.P. Morgan engaged in cash-settled equity swap transactions involving a total of 661,129 reference securities through various adjustments to long and short positions.
| Date | 22 Jan 2026 |
| Time | 16:43:56 |
| Category | Holding(s) in company |
| ID | 0304Q |
AMENDMENT
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: |
16 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 |
389,070 |
3.6500 GBP |
3.1700 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
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position |
532 575 1,800 124 2,339 15,465 5,035 900 1,069 4,549 7,465 2,634
16,491 50,000 2,008 11,230 28,879 7,889 100,000 100,000 25,000 100,000 6,815 25,000 25,000 25,000 8,549 25,000
2,177 2,700 278 1,815 53 5,282 4,100 5,892 239 8,718 261 1,308 554 26 238 2,523 1,600
3,517 5,303 8,549
2 1,285 8,500 366
237 1,416 3,844
|
3.3209 GBP 3.4210 GBP 3.5063 GBP 3.5271 GBP 3.5297 GBP 3.5833 GBP 3.5858 GBP 3.5953 GBP 3.6093 GBP 3.6128 GBP 3.6193 GBP 3.6201 GBP
3.5930 GBP 3.5997 GBP 3.5999 GBP 3.6000 GBP 3.6023 GBP 3.6038 GBP 3.6055 GBP 3.6076 GBP 3.6122 GBP 3.6123 GBP 3.6200 GBP 3.6227 GBP 3.6234 GBP 3.6248 GBP 3.6475 GBP 3.6497 GBP
3.3306 GBP 3.4044 GBP 3.4199 GBP 3.4419 GBP 3.5191 GBP 3.5192 GBP 3.5246 GBP 3.5276 GBP 3.6122 GBP 3.6166 GBP 3.6180 GBP 3.6195 GBP 3.6196 GBP 3.6197 GBP 3.6198 GBP 3.6239 GBP 3.6378 GBP
3.4848 GBP 3.6200 GBP 3.6475 GBP
3.2100 GBP 3.4938 GBP 3.5522 GBP 3.6006 GBP
3.6099 GBP 3.6200 GBP 3.6201 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: |
22 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.