2nd Jul 2026 11:46
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FORM 8.3
IRISH TAKEOVER PANEL
OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER
RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
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 | Forward Industries Inc. |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree (Note 1) | N/A |
(e) Date position held/dealing undertaken For an opening position disclosure, state the latest practicable date prior to the disclosure | 01 July 2026 |
(f) In addition to the company in 1(c) above, is the discloser also 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, Brera Holdings plc |
2. INTERESTS AND SHORT POSITIONS
If there are interests and short positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security.
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Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
(Note 2)
Class of relevant security: | $0.01 ordinary shares | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 263,921 | 0.36 | 1,062,282 | 1.44 |
(2) Cash-settled derivatives: | 890,901 | 1.21 | 232,727 | 0.32 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00 | 0 | 0.00 |
TOTAL: | 1,154,822 | 1.57 | 1,295,009 | 1.76 |
All interests and all short positions should be disclosed.
Details of options including rights to subscribe for new securities and 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.
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE (Note 4)
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 |
$0.01 ordinary shares | Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase
Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale | 9 7 3138 629 456 268 17202 1610 87 6555 2109 2992 300 1800 70 200 100 500 100 824 2300 2100 130 200 3263 6663 1516 60000
9 100 2938 500 100 1272 207 100 200 1707 456 268 17202 1610 87 6555 50 20 10 53 60000 1499 300 7600 200 1200 24019 300 700 4005 7047 2582 3580 2100 500 4322 | 4.2200 USD 4.7100 USD 4.9900 USD 4.7000 USD 4.7450 USD 4.7150 USD 4.8429 USD 4.7827 USD 4.6839 USD 4.8082 USD 4.8157 USD 4.8149 USD 4.7509 USD 4.8208 USD 4.6800 USD 4.8200 USD 4.9500 USD 4.9360 USD 4.9350 USD 4.8069 USD 4.8376 USD 4.8336 USD 4.9231 USD 4.8550 USD 4.8416 USD 4.8232 USD 4.8353 USD 4.7922 USD
4.2200 USD 4.7100 USD 4.9900 USD 4.8280 USD 4.9250 USD 4.8475 USD 4.7456 USD 4.9400 USD 4.9850 USD 4.7000 USD 4.7450 USD 4.7150 USD 4.8429 USD 4.7827 USD 4.6839 USD 4.8082 USD 4.6780 USD 4.6950 USD 4.6900 USD 4.6850 USD 4.7922 USD 4.7767 USD 4.8650 USD 4.8172 USD 4.7600 USD 4.7058 USD 4.7853 USD 4.7567 USD 4.7886 USD 4.7870 USD 4.7923 USD 4.7937 USD 4.8281 USD 4.8119 USD 4.8680 USD 4.7772 USD |
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(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 |
$0.01 ordinary shares | Equity Swap | Increase Long
Increase Short | 60,000 87
1,610 6,555 17,202 | 4.7921 USD 4.6838 USD
4.7827 USD 4.8082 USD 4.8428 USD |
(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 (Note 6) | Exerciseprice per unit | Type e.g. American, Europeanetc. | Expiry date | Option moneypaid/ received per unit |
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(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (Note 5) |
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(d) Other dealings (including transactions in respect of new securities) (Note 3)
Class of relevant security | Nature of dealing e.g. subscription, conversion, exercise | Details | Price per unit (if applicable) (Note 5) |
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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" |
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(b) Agreements, arrangements or understandings relating to options or derivatives
Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. |
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(c) Attachments
Is a Supplemental Form 8 attached? | NO |
Date of disclosure | 02 July 2026 |
Contact name | Hetvi Shah |
Telephone number | 44 2034 936359 |
Public disclosures under Rule 8.3 of the Rules must be made to a Regulatory Information Service.
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NOTES ON FORM 8.3
1. See the definition of "connected fund manager" in Rule 2.2 of Part A of the Rules.
2. See the definition of "interest in a relevant security" in Rule 2.5 of Part A of the Rules and see Rule 8.6(a) and (b) of Part B of the Rules.
3. See the definition of "relevant securities" in Rule 2.1 of Part A of the Rules.
4. See the definition of "dealing" in Rule 2.1 of Part A of the Rules.
5. If the economic exposure to changes in the price of securities is limited, for example, by virtue of a stop loss arrangement relating to a spread bet, full details must be given.
6. See Rule 2.5(d) of Part A of the Rules.
7. If details included in a disclosure under Rule 8 are incorrect, they should be corrected as soon as practicable in a subsequent disclosure. Such disclosure should state clearly that it corrects details disclosed previously, identify the disclosure or disclosures being corrected, and provide sufficient detail for the reader to understand the nature of the corrections. In the case of any doubt, the Panel should be consulted.
For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.
References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.