27th Sep 2010 13:27
AMENDMENT
THIS INCREASES THE PURCHASE FROM 158,447 TO 160,494 AND THE SALES FROM 114,374 TO 178,256
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 ltd. | |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Brit Insurance Holdings NV | |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Brit Insurance Holdings NV | |
| (d) Date dealing undertaken: | 22 September 2010 | |
| (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | /NO If YES, specify which: |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
| Class of | Purchases/ | Total number | Highest price per | Lowest price per | ||||
| relevant | sales | of | unit | unit | ||||
| security | securities | paid/received | paid/received | |||||
| Ordinary Shares | Purchase
Sale | 160,494
178,256 | 10.2000 GBP
10.1963 GBP | 10.1700 GBP
10.1800 GBP |
(b) Derivatives transactions (other than options)
| Class of relevant | Product | Nature of dealing | Number of | Price per | ||||
| security | description | e.g. opening/closing | reference | unit | ||||
| e.g. CFD | a long/short | securities | ||||||
| position, | ||||||||
| increasing/reducing | ||||||||
| a long/short | ||||||||
| position |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Class of | Product | Writing, | Number of | Exercise | Type | Expiry | Option | |||||||
| relevant | description | purchasing, | securities | price per | e.g. | date | money | |||||||
| security | e.g. call | selling, | to which | unit | American, | paid/ | ||||||||
| option | varying etc. | option | European | received | ||||||||||
| relates | etc. | per unit |
(ii) Exercising
| Class of relevant | Product description | Number of | Exercise price per | |||
| security | e.g. call option | securities | unit |
(d) Other dealings (including subscribing for new securities)
| Class of relevant | Nature of dealing | Details | Price per unit (if | |||
| security | e.g. subscription, | applicable) | ||||
| conversion |
The currency of all prices and other monetary amounts should be stated.
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.
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: 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 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" |
| Date of disclosure: | 27 September 2010 | |
| Contact name: | Barry Page | |
| Telephone number: | 020 7777 0423 |
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 dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Copyright Business Wire 2010
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