t
J.P. Morgan Securities Plc, an exempt principal trader and corporate broker to PPHE Hotel Group Limited, disclosed dealings in PPHE Hotel Group Limited's Ordinary NPV securities undertaken on 15 May 2026. The firm purchased 839 Ordinary NPV securities at prices between 15.7400 GBP and 16.1500 GBP, and sold 1,768 Ordinary NPV securities at prices between 15.7400 GBP and 16.3000 GBP. Additionally, cash-settled equity swap transactions included decreasing long positions on 513 Ordinary NPV reference securities, increasing long positions on 1,408 Ordinary NPV reference securities, and opening a long position on 15 Ordinary NPV reference securities.
| Date | 18 May 2026 |
| Time | 11:20:50 |
| Category | Holding(s) in company |
| ID | 7450E |
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 |
PPHE Hotel Group Limited |
|
(c) Name of the party to the offer with which exempt principal trader is connected: |
Corporate Broker to PPHE Hotel Group Limited |
|
(d) Date dealing undertaken: |
15 May 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 |
|
Ordinary NPV |
Purchase |
839 |
16.1500 GBP |
15.7400 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 |
|
Ordinary NPV |
Equity Swap |
Decrease Long |
295 |
15.7794 GBP |
|
|
|
198 |
15.7987 GBP |
|
|
|
|
7 |
15.8000 GBP |
|
|
|
|
11 |
15.8016 GBP |
|
|
|
|
2 |
15.8216 GBP |
|
|
|
|
|
||
|
|
|
54 |
15.8662 GBP |
|
|
|
|
659 |
15.9295 GBP |
|
|
|
|
195 |
16.1466 GBP |
|
|
|
|
300 |
16.1880 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: |
18 May 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.