8th Dec 2014 11:57
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 | FRIENDS LIFE GROUP LIMITED | |||
| relevant securities this form relates: | |||||
| (c) | Name of the party to the offer with which exempt | FRIENDS LIFE GROUP LIMITED | |||
| principal trader is connected | |||||
| (d) | Date position held/dealing undertaken: | 5 December 2014 | |||
| (e) | Has the EPT previously disclosed, or is it | YES: | |||
| today disclosing, under the Code in respect | AVIVA PLC | ||||
| of any other party to this offer? |
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: | 4,705,651 | 0.33% | 1,192,989 | 0.08% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 932,175 | 0.07% | 2,829,927 | 0.20% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| TOTAL: | 5,637,826 | 0.40% | 4,022,916 | 0.29% | |||||||
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 | 163 | 3.7870 GBP | ||||
| ORD | Purchase | 337 | 3.8075 GBP | ||||
| ORD | Purchase | 430 | 3.7940 GBP | ||||
| ORD | Purchase | 472 | 3.7920 GBP | ||||
| ORD | Purchase | 472 | 3.7950 GBP | ||||
| ORD | Purchase | 534 | 3.8140 GBP | ||||
| ORD | Purchase | 649 | 3.8110 GBP | ||||
| ORD | Purchase | 738 | 3.7910 GBP | ||||
| ORD | Purchase | 741 | 3.7930 GBP | ||||
| ORD | Purchase | 1,281 | 3.8080 GBP | ||||
| ORD | Purchase | 1,292 | 3.8060 GBP | ||||
| ORD | Purchase | 2,147 | 3.7980 GBP | ||||
| ORD | Purchase | 2,273 | 3.8130 GBP | ||||
| ORD | Purchase | 2,859 | 3.7955 GBP | ||||
| ORD | Purchase | 3,007 | 3.8020 GBP | ||||
| ORD | Purchase | 3,345 | 3.8030 GBP | ||||
| ORD | Purchase | 3,886 | 3.8010 GBP | ||||
| ORD | Purchase | 4,376 | 3.8000 GBP | ||||
| ORD | Purchase | 4,588 | 3.8070 GBP | ||||
| ORD | Purchase | 6,877 | 3.8066 GBP | ||||
| ORD | Purchase | 7,220 | 3.8090 GBP | ||||
| ORD | Purchase | 8,365 | 3.8004 GBP | ||||
| ORD | Purchase | 8,482 | 3.8016 GBP | ||||
| ORD | Purchase | 9,024 | 3.8100 GBP | ||||
| ORD | Purchase | 12,740 | 3.8040 GBP | ||||
| ORD | Purchase | 16,423 | 3.7983 GBP | ||||
| ORD | Purchase | 16,813 | 3.8062 GBP | ||||
| ORD | Purchase | 33,788 | 3.7990 GBP | ||||
| ORD | Purchase | 81,469 | 3.8044 GBP | ||||
| ORD | Purchase | 163,531 | 3.8049 GBP | ||||
| ORD | Purchase | 178,128 | 3.7891 GBP | ||||
| ORD | Purchase | 200,000 | 3.7959 GBP | ||||
| ORD | Purchase | 322,023 | 3.8050 GBP | ||||
| ORD | Purchase | 964,668 | 3.7948 GBP | ||||
| ORD | Sale | 163 | 3.7870 GBP | ||||
| ORD | Sale | 388 | 3.7990 GBP | ||||
| ORD | Sale | 430 | 3.7940 GBP | ||||
| ORD | Sale | 472 | 3.7920 GBP | ||||
| ORD | Sale | 472 | 3.7950 GBP | ||||
| ORD | Sale | 534 | 3.8140 GBP | ||||
| ORD | Sale | 649 | 3.8110 GBP | ||||
| ORD | Sale | 738 | 3.7910 GBP | ||||
| ORD | Sale | 741 | 3.7930 GBP | ||||
| ORD | Sale | 1,281 | 3.8080 GBP | ||||
| ORD | Sale | 1,292 | 3.8060 GBP | ||||
| ORD | Sale | 2,147 | 3.7980 GBP | ||||
| ORD | Sale | 2,273 | 3.8130 GBP | ||||
| ORD | Sale | 3,007 | 3.8020 GBP | ||||
| ORD | Sale | 3,207 | 3.7992 GBP | ||||
| ORD | Sale | 3,345 | 3.8030 GBP | ||||
| ORD | Sale | 3,886 | 3.8010 GBP | ||||
| ORD | Sale | 3,966 | 3.8000 GBP | ||||
| ORD | Sale | 4,438 | 3.8075 GBP | ||||
| ORD | Sale | 4,588 | 3.8070 GBP | ||||
| ORD | Sale | 7,220 | 3.8090 GBP | ||||
| ORD | Sale | 9,024 | 3.8100 GBP | ||||
| ORD | Sale | 10,035 | 3.8040 GBP | ||||
| ORD | Sale | 14,010 | 3.8034 GBP | ||||
| ORD | Sale | 19,518 | 3.8059 GBP | ||||
| ORD | Sale | 27,321 | 3.8037 GBP | ||||
| ORD | Sale | 36,668 | 3.8042 GBP | ||||
| ORD | Sale | 60,214 | 3.8006 GBP | ||||
| ORD | Sale | 64,212 | 3.8049 GBP | ||||
| ORD | Sale | 75,234 | 3.8009 GBP | ||||
| ORD | Sale | 76,873 | 3.7983 GBP | ||||
| ORD | Sale | 110,856 | 3.7937 GBP | ||||
| ORD | Sale | 173,149 | 3.7958 GBP | ||||
| ORD | Sale | 234,095 | 3.7957 GBP | ||||
| ORD | Sale | 297,555 | 3.7953 GBP | ||||
| ORD | Sale | 310,712 | 3.7954 GBP | ||||
| ORD | Sale | 319,599 | 3.8050 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 | 3,759 | 3.8052 GBP | |||||
| ORD | CFD | Long | 10,199 | 3.7987 GBP | |||||
| ORD | CFD | Long | 10,251 | 3.8028 GBP | |||||
| ORD | CFD | Long | 16,280 | 3.8063 GBP | |||||
| ORD | SWAP | Long | 17,388 | 3.8013 GBP | |||||
| ORD | CFD | Long | 37,733 | 3.8061 GBP | |||||
| ORD | SWAP | Long | 148,588 | 3.8011 GBP | |||||
| ORD | CFD | Short | 4,499 | 3.8003 GBP | |||||
| ORD | SWAP | Short | 4,800 | 3.7916 GBP | |||||
| ORD | SWAP | Short | 10,139 | 3.7927 GBP | |||||
| ORD | SWAP | Short | 17,558 | 3.8008 GBP | |||||
| ORD | SWAP | Short | 34,017 | 3.8050 GBP | |||||
| ORD | CFD | Short | 124,664 | 3.8060 GBP | |||||
| ORD | CFD | Short | 200,000 | 3.7959 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: | 8 Dec 2014 | ||
| Contact name: | Rajesh Muthanna | ||
| Telephone number: | 020 3555 4634 |
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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