7th Jan 2015 12:22
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
1. KEY INFORMATION
(a) Full name of discloser: | J.P. Morgan Securities LLC |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | XL Group Plc |
(d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree) | Connected to Catlin Group Ltd |
(e) Date dealing undertaken: | 06 January 2015 |
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | Yes Catlin Group Ltd |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing
Class of relevant security:
| Common Stock | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 442,869 | 0.17 | 304,539 | 0.12 |
(2) Cash-settled derivatives:
| 30,000 | 0.01 | ||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | ||||
TOTAL: | 442,869 | 0.17 | 334,539 | 0.13 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: | |
Details, including nature of the rights concerned and relevant percentages: |
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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
(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)
Class of relevant security | Purchase/sale
| Number of securities | Price per unit |
(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received (USD) | Lowest price per unit paid/received (USD) |
Common Stock | Purchases
Sales | 7,100
16,876 | 34.8065
34.9550 | 34.7938
34.6100 |
(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 |
|
(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) |
|
4. 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 party to the offer or person acting in concert making the disclosure and any other person: 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 party to the offer or person acting in concert 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
|
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) | No |
Supplemental Form 8 (SBL) | No |
| Date of disclosure: | 07 January 2015 |
| Contact name: | Tung T Le |
| Telephone number: | 020 7742 7272 |
Catlin is a Bermudian entity and is therefore not subject to the City Code. Shareholders of Catlin and others dealing are therefore not obliged to disclose any of their dealings under the provisions of the City Code. However, market participants are requested to make disclosures as if the City Code applied and as if Catlin were in an "offer period".
Accordingly, public disclosures consistent with the provisions of Rule 8 of the City Code should be released directly through a Regulatory Information Service and should not be emailed to the Takeover Panel.
The City Code can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk.
Appendix - Details of previously undisclosed trades for the period 17/12/2014 to 05/01/2015
Common Stock trades:
Trade date | Purchases/Sales | Number of reference securities | Price per Unit (USD) |
17/12/2014 | Purchases | 50,000 | 33.1400 |
361 | 33.4128 | ||
100 | 33.4500 | ||
600 | 33.4767 | ||
932 | 33.5200 | ||
2,165 | 33.6600 | ||
Sales | 900 | 33.0000 | |
2,246 | 33.0314 | ||
800 | 33.0413 | ||
1,200 | 33.0417 | ||
3,355 | 33.0437 | ||
1,800 | 33.0450 | ||
2,299 | 33.0491 | ||
3,100 | 33.0527 | ||
900 | 33.0633 | ||
7,000 | 33.0750 | ||
700 | 33.0786 | ||
600 | 33.0850 | ||
100 | 33.0950 | ||
25,000 | 33.1400 | ||
361 | 33.4128 | ||
200 | 33.4150 | ||
261 | 33.4400 | ||
100 | 33.4500 | ||
200 | 33.4600 | ||
200 | 33.4650 | ||
100 | 33.4700 | ||
600 | 33.4767 | ||
932 | 33.5200 | ||
932 | 33.5500 | ||
100 | 33.6500 | ||
2,922 | 33.6600 | ||
18/12/2014 | Purchases | 59,600 | 33.1453 |
5,526 | 33.1600 | ||
7,047 | 33.6600 | ||
Sales | 200 | 33.0300 | |
2,200 | 33.0500 | ||
300 | 33.0750 | ||
300 | 33.0800 | ||
300 | 33.1000 | ||
400 | 33.1100 | ||
100 | 33.1125 | ||
600 | 33.1200 | ||
396 | 33.1248 | ||
100 | 33.1250 | ||
4,382 | 33.1300 | ||
1,412 | 33.1313 | ||
718 | 33.1314 | ||
6,778 | 33.1340 | ||
5,200 | 33.1342 | ||
700 | 33.1350 | ||
1,000 | 33.1360 | ||
2,011 | 33.1400 | ||
300 | 33.1450 | ||
59,600 | 33.1453 | ||
2,600 | 33.1473 | ||
1,100 | 33.1482 | ||
900 | 33.1489 | ||
2,900 | 33.1500 | ||
600 | 33.1550 | ||
10,803 | 33.1591 | ||
8,768 | 33.1600 | ||
600 | 33.1633 | ||
1,200 | 33.1650 | ||
774 | 33.1691 | ||
2,400 | 33.1700 | ||
3,600 | 33.1800 | ||
300 | 33.1900 | ||
600 | 33.2100 | ||
700 | 33.2250 | ||
700 | 33.2300 | ||
400 | 33.2400 | ||
400 | 33.2700 | ||
7,047 | 33.6600 | ||
19/12/2014 | Purchases | 4 | 33.4300 |
4,238 | 33.4700 | ||
5 | 33.5200 | ||
12,000 | 33.5400 | ||
4,532 | 33.5430 | ||
29,200 | 33.5642 | ||
Sales | 100 | 33.3400 | |
200 | 33.3600 | ||
104 | 33.4300 | ||
200 | 33.4350 | ||
4 | 33.4600 | ||
1,000 | 33.4770 | ||
459 | 33.4900 | ||
400 | 33.4925 | ||
1,000 | 33.5000 | ||
3,400 | 33.5065 | ||
600 | 33.5100 | ||
5 | 33.5200 | ||
1,700 | 33.5271 | ||
141 | 33.5300 | ||
2,200 | 33.5382 | ||
19,353 | 33.5400 | ||
940 | 33.5500 | ||
300 | 33.5600 | ||
29,200 | 33.5642 | ||
400 | 33.5700 | ||
500 | 33.5800 | ||
600 | 33.5867 | ||
1,160 | 33.5879 | ||
400 | 33.5900 | ||
200 | 33.5950 | ||
900 | 33.5956 | ||
1,800 | 33.6000 | ||
200 | 33.6050 | ||
45 | 33.6100 | ||
3,300 | 33.6139 | ||
500 | 33.6140 | ||
1,200 | 33.6200 | ||
500 | 33.6220 | ||
1,100 | 33.6300 | ||
1,600 | 33.6400 | ||
1,000 | 33.6800 | ||
22/12/2014 | Purchases | 2,138 | 33.5400 |
4 | 33.6300 | ||
3,100 | 33.9415 | ||
2,387 | 33.9900 | ||
Sales | 2,138 | 33.5400 | |
100 | 33.8100 | ||
300 | 33.9067 | ||
500 | 33.9380 | ||
3,100 | 33.9415 | ||
1,600 | 33.9469 | ||
300 | 33.9700 | ||
300 | 33.9867 | ||
5,994 | 33.9900 | ||
23/12/2014 | Purchases | 8,757 | 34.3700 |
1,200 | 34.3724 | ||
Sales | 100 | 34.0800 | |
255 | 34.0900 | ||
600 | 34.3333 | ||
2,850 | 34.3700 | ||
1,200 | 34.3724 | ||
100 | 34.3800 | ||
300 | 34.4100 | ||
200 | 34.4400 | ||
24/12/2014 | Purchases | 39 | 34.3000 |
700 | 34.3726 | ||
2 | 34.4100 | ||
1,411 | 34.4800 | ||
Sales | 172,244 | 34.2600 | |
100 | 34.2700 | ||
208 | 34.2900 | ||
100 | 34.3300 | ||
100 | 34.3400 | ||
100 | 34.3600 | ||
700 | 34.3726 | ||
100 | 34.4000 | ||
100 | 34.4500 | ||
100 | 34.4700 | ||
1,411 | 34.4800 | ||
26/12/2014 | Purchases | 11,393 | 34.2400 |
29/12/2014 | Purchases | 5,282 | 34.5000 |
400 | 34.5500 | ||
Sales | 1,730 | 34.5000 | |
100 | 34.5100 | ||
200 | 34.5600 | ||
100 | 34.5700 | ||
30/12/2014 | Purchases | 7,241 | 34.7500 |
Sales | 7,241 | 34.7500 | |
31/12/2014 | Purchases | 1,261 | 34.3700 |
Sales | 1,442 | 34.3700 | |
02/01/2015 | Purchases | 7,800 | 34.3895 |
6,356 | 34.4500 | ||
Sales | 100 | 34.1300 | |
300 | 34.1967 | ||
300 | 34.2033 | ||
300 | 34.2233 | ||
500 | 34.2380 | ||
500 | 34.3100 | ||
900 | 34.3333 | ||
100 | 34.3400 | ||
300 | 34.3467 | ||
100 | 34.3600 | ||
1,000 | 34.3700 | ||
100 | 34.4000 | ||
600 | 34.4067 | ||
300 | 34.4200 | ||
500 | 34.4280 | ||
4,700 | 34.4500 | ||
300 | 34.4533 | ||
100 | 34.5000 | ||
200 | 34.5075 | ||
100 | 34.5100 | ||
200 | 34.5200 | ||
200 | 34.5300 | ||
200 | 34.5350 | ||
400 | 34.5500 | ||
05/01/2015 | Purchases
Sales | 1,560 2,400 1,560 400 1,160 100 400 900 2,400 200 400 200 112 200 | 34.1774 34.4891 34.1774 34.2000 34.2100 34.3900 34.4325 34.4433 34.4891 34.4950 34.5400 34.5800 34.6600 34.6800 |
Equity Swap trades:
Class of relevant security | Product description
| Date | Nature of dealing
| Number of reference securities | Price per unit (USD) |
Common stock | Equity Swap Equity Swap | 23/12/2014 24/12/2014 | Reducing a short position Reducing a short position | 30,000 168,692 | 34.7000 34.2600 |
Related Shares:
Castelnau Group