17th Sep 2015 14:43
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: | Barclays PLC. | |||
| (b) | Owner or controller of interest and short | ||||
| positions disclosed, if different from 1(a): | |||||
| (c) | Name of offeror/offeree in relation to whose | ARRIS GROUP INC | |||
| relevant securities this form relates: | |||||
| (d) | If an exempt fund manager connected with an | ||||
| offeror/offeree, state this and specify identity of | |||||
| offeror/offeree: | |||||
| (e) | Date position held/dealing undertaken: | 16 September 2015 | |||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||
| disclosures in respect of any other party to the offer? | PACE PLC |
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: | ORD | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 75,384 | 0.05% | 605,000 | 0.41% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 125,000 | 0.09% | 414,359 | 0.28% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 9,500 | 0.01% | 18,400 | 0.01% | |||||||
| TOTAL: | 209,884 | 0.15% | 1,037,759 | 0.71% | |||||||
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 | Purchase/sale | Number of | Price per unit | ||||
| security | securities | ||||||
| ORD | Purchase | 72 | 27.8800 USD | ||||
| ORD | Purchase | 72 | 27.8100 USD | ||||
| ORD | Purchase | 100 | 27.8900 USD | ||||
| ORD | Purchase | 100 | 27.8050 USD | ||||
| ORD | Purchase | 110 | 27.8600 USD | ||||
| ORD | Purchase | 200 | 27.8300 USD | ||||
| ORD | Purchase | 220 | 27.9372 USD | ||||
| ORD | Purchase | 300 | 27.6443 USD | ||||
| ORD | Purchase | 300 | 27.8166 USD | ||||
| ORD | Purchase | 300 | 27.8086 USD | ||||
| ORD | Purchase | 300 | 27.7933 USD | ||||
| ORD | Purchase | 345 | 27.7417 USD | ||||
| ORD | Purchase | 400 | 27.8450 USD | ||||
| ORD | Purchase | 400 | 27.7522 USD | ||||
| ORD | Purchase | 400 | 27.6425 USD | ||||
| ORD | Purchase | 400 | 27.8000 USD | ||||
| ORD | Purchase | 415 | 27.7904 USD | ||||
| ORD | Purchase | 427 | 27.8400 USD | ||||
| ORD | Purchase | 490 | 27.7409 USD | ||||
| ORD | Purchase | 525 | 27.7586 USD | ||||
| ORD | Purchase | 580 | 27.8831 USD | ||||
| ORD | Purchase | 600 | 27.7833 USD | ||||
| ORD | Purchase | 600 | 27.8266 USD | ||||
| ORD | Purchase | 620 | 27.7814 USD | ||||
| ORD | Purchase | 630 | 27.8571 USD | ||||
| ORD | Purchase | 677 | 27.7695 USD | ||||
| ORD | Purchase | 700 | 27.7957 USD | ||||
| ORD | Purchase | 700 | 27.8271 USD | ||||
| ORD | Purchase | 800 | 27.8041 USD | ||||
| ORD | Purchase | 900 | 27.8989 USD | ||||
| ORD | Purchase | 953 | 27.7909 USD | ||||
| ORD | Purchase | 1,300 | 27.7802 USD | ||||
| ORD | Purchase | 1,800 | 27.7827 USD | ||||
| ORD | Purchase | 1,936 | 27.8500 USD | ||||
| ORD | Purchase | 2,055 | 27.7880 USD | ||||
| ORD | Purchase | 2,210 | 27.8115 USD | ||||
| ORD | Purchase | 2,300 | 27.8177 USD | ||||
| ORD | Purchase | 2,500 | 27.8590 USD | ||||
| ORD | Purchase | 2,690 | 27.7475 USD | ||||
| ORD | Purchase | 3,200 | 27.7840 USD | ||||
| ORD | Purchase | 4,699 | 27.7838 USD | ||||
| ORD | Purchase | 7,286 | 27.8099 USD | ||||
| ORD | Purchase | 9,063 | 27.8096 USD | ||||
| ORD | Purchase | 9,111 | 27.8331 USD | ||||
| ORD | Purchase | 15,000 | 27.7500 USD | ||||
| ORD | Purchase | 18,750 | 27.5700 USD | ||||
| ORD | Purchase | 99,400 | 27.9100 USD | ||||
| ORD | Sale | 15 | 27.8700 USD | ||||
| ORD | Sale | 53 | 27.8200 USD | ||||
| ORD | Sale | 63 | 27.9500 USD | ||||
| ORD | Sale | 182 | 27.8184 USD | ||||
| ORD | Sale | 200 | 27.8600 USD | ||||
| ORD | Sale | 200 | 27.7100 USD | ||||
| ORD | Sale | 230 | 27.7934 USD | ||||
| ORD | Sale | 244 | 27.8800 USD | ||||
| ORD | Sale | 400 | 27.8475 USD | ||||
| ORD | Sale | 400 | 27.8150 USD | ||||
| ORD | Sale | 500 | 27.7960 USD | ||||
| ORD | Sale | 600 | 27.7833 USD | ||||
| ORD | Sale | 600 | 27.7533 USD | ||||
| ORD | Sale | 733 | 27.7625 USD | ||||
| ORD | Sale | 937 | 27.7267 USD | ||||
| ORD | Sale | 991 | 27.8945 USD | ||||
| ORD | Sale | 1,000 | 27.7620 USD | ||||
| ORD | Sale | 1,059 | 27.8377 USD | ||||
| ORD | Sale | 1,100 | 27.8373 USD | ||||
| ORD | Sale | 3,523 | 27.8317 USD | ||||
| ORD | Sale | 3,600 | 27.7850 USD | ||||
| ORD | Sale | 3,900 | 27.8002 USD | ||||
| ORD | Sale | 5,380 | 27.7475 USD | ||||
| ORD | Sale | 5,400 | 27.8125 USD | ||||
| ORD | Sale | 5,674 | 27.7723 USD | ||||
| ORD | Sale | 13,127 | 27.8462 USD | ||||
| ORD | Sale | 13,138 | 27.8079 USD | ||||
| ORD | Sale | 15,000 | 27.7500 USD | ||||
| ORD | Sale | 18,750 | 27.5700 USD | ||||
| ORD | Sale | 21,657 | 27.7824 USD | ||||
| ORD | Sale | 50,000 | 27.9100 USD | ||||
| ORD | Sale | 50,000 | 27.9102 USD | ||||
| ORD | Sale | 50,100 | 27.9085 USD |
(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 | Product | Writing, | Number | Exercise | Type | Expiry | Option | ||||||||
| of | description | purchasing, | of | price | date | money | |||||||||
| relevant | selling, | securities | per unit | paid/ | |||||||||||
| security | varying etc | to which | received | ||||||||||||
| option | per unit | ||||||||||||||
| relates | |||||||||||||||
| ORD | Call Options | Selling | 1,500 | 27.5000 USD | American | 18 Sep 2015 | 0.5500 USD |
(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? | YES | ||
| Date of disclosure: | 17 Sep 2015 | ||
| Contact name: | Jay Supaya | ||
| Telephone number: | 020 7773 0635 |
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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| Identity of the person whose positions/dealings | Barclays PLC. | ||
| are being disclosed: | |||
| Name of offeror/offeree in relation to whose | ARRIS GROUP INC | ||
| relevant securities this from relates: |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
| Class | Product | Writing, | Number | Exercise | Type | Expiry | |||||||
| of | description | purchasing, | of | price | date | ||||||||
| relevant | selling, | securities | per unit | ||||||||||
| security | varying etc | to which | |||||||||||
| option | |||||||||||||
| relates | |||||||||||||
| ORD | Call Options | Written | -1,500 | 27.5000 | American | 18 Sep 2015 | |||||||
| ORD | Call Options | Written | -1,300 | 27.5000 | American | 20 Nov 2015 | |||||||
| ORD | Call Options | Purchased | 700 | 30.0000 | American | 20 Nov 2015 | |||||||
| ORD | Call Options | Written | -13,100 | 37.5000 | American | 20 Nov 2015 | |||||||
| ORD | Put Options | Written | 4,900 | 40.0000 | American | 20 Nov 2015 | |||||||
| ORD | Call Options | Purchased | 3,900 | 32.5000 | American | 20 Nov 2015 | |||||||
| ORD | Call Options | Written | -2,500 | 30.0000 | American | 16 Oct 2015 |
3. AGREEMENTS TO PURCHASE OR SELL ETC.
| Full details should be given so that the nature of the interest or position can be fully understood: |
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
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.
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