9th Jan 2015 16:50
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: | JPMorgan Asset Management |
(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) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | Yes Catlin Group Ltd |
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 08 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 (if any)
Class of relevant security:
| Ordinary Share | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 9,484,460 | 3.68 | ||
(2) Cash-settled derivatives:
| 210,781 | 0.08 | ||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | ||||
TOTAL: | 9,484,460 | 3.68 | 210,781 | 0.08 |
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).
(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 (IF ANY) 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
Class of relevant security | Purchase/sale
| Number of securities | Price per unit |
(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 person 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" |
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person 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" |
|
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | No |
| Date of disclosure: | 09 January 2015 |
| Contact name: | Mariya Racheva |
| Telephone number: | 020 7742 3558 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Appendix - Details of previously undisclosed trades for the period 17/12/2014 to 07/01/2015
Equity trades:
Trade Date | Purchase/sale
| Number of securities | Price per unit (USD) |
17/12/2014
18/12/2014
19/12/2014
22/12/2014
23/12/2014
24/12/2014
26 December 2014
29 December 2014
30 December 2014
31 December 2014
02 January 2015
05 January 2015
06 January 2015
07 January 2015
08 January 2015
| PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
SALE
PURCHASE
SALE
PURCHASE SALE
SALE
SALE
PURCHASE SALE
PURCHASE
SALE
PURCHASE
SALE
SALE | 313,060 25 48,600 3,110 400
4 2,180 2,440 4,600 21,500 19 117 13 100 60
14,055 1,640 95,500 98,615 129 1,700 133,640 3,663 2,894
510 13 5 82 496 18 90 9 292 30
50 111,740 200 2 4 37 30 15,612
5 24 3 36 5 4 14 2 17 26 2 8 4,400 1,740 10
6,700 5,202 5 7 494 2 3 2 45
3,830 17 4 9 2 4,558
17,915 3,900 12 3 7
477 4 2 14 9
400 9 2 640 8 24 3 110 2 10 14 9
33,400 3,220 62,300 22,942 14 3 15 10 20
7 49 8 95,256 10,400 7 1 2,300 4
6 65 | 33.5166 33.5870 33.6101 33.6600 33.4325
33.1580 33.1600 33.3470 33.4484 33.5207 33.9490 34.3970 34.4600 33.1150 33.1600
33.4586 33.4591 33.4759 33.5300 33.5390 33.5400 33.5963 33.5410 33.5580
33.9696 34.3500 34.3680 34.3700 34.4230 34.4660 34.6870 34.7460 33.9900 34.0000
34.0300 34.0807 34.2650 34.4350 34.4380 34.5900 34.7570 34.3700
34.6180 34.9300 33.1470 33.1490 33.1500 34.2600 33.8690 33.9400 33.9410 33.9420 33.9900 33.9910 34.3074 34.3450 34.3890
34.5645 34.5722 34.3600 34.3700 34.3710 34.3900 34.4070 34.4100 34.5000
34.7185 34.3740 34.3750 34.4820 34.4850 34.7500
34.3700 34.3903 34.4890 34.5170 34.5390
34.4500 34.5500 34.5700 34.6110 34.7500
34.6600 34.3990 34.4300 34.4916 34.5890 34.6100 34.6130 34.6600 34.6650 34.6800 34.6810 34.6820
34.8785 34.8957 34.9010 34.9505 34.7090 34.7300 34.7330 34.8700 34.8730
34.7260 34.7270 34.7280 34.7804 34.8337 34.7590 34.7600 34.8009 34.8300
35.4580 35.4590 |
CFD trades:
Trade Date | Purchase/sale | Number of securities | Price per unit (USD) |
18/12/2014
19/12/2014
22/12/2014
23/12/2014
24/12/2014
29/12/2014
30/12/2014
31/12/2014
02/01/2015
05/01/2015 | Opening a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Reducing a short position
Increasing a short position
Increasing a short position
Increasing a short position
| 311 539 130,157
7,977
28,359
6,344
13 1,700
4,246
6,538
55,383
55,383 200 46
3 12,997
11,351 | 33.1351 33.1352 33.1371
33.5277
33.9098
34.3333
34.3292 34.3296
34.5615
34.6973
34.3700
34.3700 34.6350 34.6450
34.3500 34.3508
34.4604 |
Related Shares:
Castelnau Group