19th Dec 2014 13:35
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| (a) Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | FRIENDS LIFE GROUP LIMITED | |
| (c) Name of the party to the offer with which exempt principal trader is connected: | FRIENDS LIFE GROUP LIMITED | |
| (d) Date position held/dealing undertaken: | 18 DEC 2014 | |
| (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | YES: AVIVA PLC |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(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: | 5,530,048 | 0.39% | 1,186,722 | 0.08% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 882,156 | 0.06% | 3,012,251 | 0.21% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 6,412,204 | 0.46% | 4,198,973 | 0.30% | |||||||
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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 executive options)
| Class of relevant security in relation to which subscription right exists: | |
| Details, including nature of the rights concerned and relevant percentages: |
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(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||||
| security | securities | ||||||||
| ORD | Purchase | 166 | 3.5680 GBP | ||||||
| ORD | Purchase | 169 | 3.5660 GBP | ||||||
| ORD | Purchase | 212 | 3.5780 GBP | ||||||
| ORD | Purchase | 249 | 3.5990 GBP | ||||||
| ORD | Purchase | 266 | 3.6010 GBP | ||||||
| ORD | Purchase | 434 | 3.5620 GBP | ||||||
| ORD | Purchase | 600 | 3.6360 GBP | ||||||
| ORD | Purchase | 652 | 3.5580 GBP | ||||||
| ORD | Purchase | 679 | 3.6090 GBP | ||||||
| ORD | Purchase | 989 | 3.5700 GBP | ||||||
| ORD | Purchase | 1,098 | 3.6130 GBP | ||||||
| ORD | Purchase | 1,348 | 3.6000 GBP | ||||||
| ORD | Purchase | 1,437 | 3.5760 GBP | ||||||
| ORD | Purchase | 1,528 | 3.5710 GBP | ||||||
| ORD | Purchase | 1,539 | 3.6040 GBP | ||||||
| ORD | Purchase | 1,695 | 3.5690 GBP | ||||||
| ORD | Purchase | 8,585 | 3.5788 GBP | ||||||
| ORD | Purchase | 25,159 | 3.5857 GBP | ||||||
| ORD | Purchase | 27,094 | 3.6350 GBP | ||||||
| ORD | Purchase | 28,533 | 3.6097 GBP | ||||||
| ORD | Purchase | 67,408 | 3.5655 GBP | ||||||
| ORD | Purchase | 77,755 | 3.5888 GBP | ||||||
| ORD | Sale | 166 | 3.5680 GBP | ||||||
| ORD | Sale | 249 | 3.5990 GBP | ||||||
| ORD | Sale | 266 | 3.6010 GBP | ||||||
| ORD | Sale | 434 | 3.5620 GBP | ||||||
| ORD | Sale | 652 | 3.5580 GBP | ||||||
| ORD | Sale | 679 | 3.6090 GBP | ||||||
| ORD | Sale | 680 | 3.6273 GBP | ||||||
| ORD | Sale | 973 | 3.6155 GBP | ||||||
| ORD | Sale | 989 | 3.5700 GBP | ||||||
| ORD | Sale | 1,098 | 3.6130 GBP | ||||||
| ORD | Sale | 1,296 | 3.5690 GBP | ||||||
| ORD | Sale | 1,348 | 3.6000 GBP | ||||||
| ORD | Sale | 1,437 | 3.5760 GBP | ||||||
| ORD | Sale | 1,528 | 3.5710 GBP | ||||||
| ORD | Sale | 1,539 | 3.6039 GBP | ||||||
| ORD | Sale | 1,739 | 3.5660 GBP | ||||||
| ORD | Sale | 1,850 | 3.5780 GBP | ||||||
| ORD | Sale | 2,023 | 3.6201 GBP | ||||||
| ORD | Sale | 4,018 | 3.5731 GBP | ||||||
| ORD | Sale | 4,066 | 3.6148 GBP | ||||||
| ORD | Sale | 8,984 | 3.5784 GBP | ||||||
| ORD | Sale | 11,741 | 3.6350 GBP | ||||||
| ORD | Sale | 12,372 | 3.6308 GBP | ||||||
| ORD | Sale | 12,718 | 3.5852 GBP | ||||||
| ORD | Sale | 116,194 | 3.5846 GBP | ||||||
| (b) | Derivatives transactions (other than options) | ||||||||
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | CFD | Long | 766 | 3.5546 GBP | |||||
| ORD | CFD | Long | 4,018 | 3.5731 GBP | |||||
| ORD | SWAP | Long | 14,395 | 3.6289 GBP | |||||
| ORD | SWAP | Long | 49,960 | 3.5721 GBP | |||||
| ORD | SWAP | Long | 65,050 | 3.5829 GBP | |||||
| ORD | CFD | Short | 579 | 3.6353 GBP | |||||
| ORD | CFD | Short | 600 | 3.6363 GBP | |||||
| ORD | SWAP | Short | 2,535 | 3.5871 GBP | |||||
| ORD | CFD | Short | 28,533 | 3.6097 GBP | |||||
| ORD | SWAP | Short | 49,624 | 3.5842 GBP | |||||
| ORD | SWAP | Short | 67,408 | 3.5655 GBP | |||||
| ORD | CFD | Short | 50,755 | 3.5925 GBP |
(c) Options transactions in respect of existing securities
(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) Exercising
| Class of relevant security | Product description e.g. call option | 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) |
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 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
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 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” |
| 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” |
| NONE |
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 19 DEC 2014 |
| Contact name: | Jay Supaya |
| Telephone number: | 0207 773 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 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 2014
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