24th Sep 2019 11:48
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 | HONG KONG EXCHANGES & CLEARING LTD |
| relevant securities this form relates: | ||
| (c) | Name of the party to the offer with which exempt | LONDON STOCK EXCHANGE GROUP PLC |
| principal trader is connected | ||
| (d) | Date position held/dealing undertaken: | 23 September 2019 |
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: |
| trader making disclosures in respect of any other party to the offer? | LONDON STOCK EXCHANGE GROUP PLC | |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
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.
(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: | ordinary NPV | ||||
| Interests | Short Positions | ||||
Number | (%) | Number | (%) | ||
(1) | Relevant securities owned |
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| and/or controlled: | 1,351,476 | 0.11% | 1,225,024 | 0.10% | |
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(2) | Cash-settled derivatives: |
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710,250 | 0.06% | 712,290 | 0.06% | ||
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(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: | 0 | 0.00% | 11,000 | 0.00% | |
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| TOTAL: | 2,061,726 | 0.16% | 1,948,314 | 0.15% | |
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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: |
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Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
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.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit |
| security |
| securities | paid/received | paid/received |
| ordinary NPV | Purchase | 284,000 | 229.2000 HKD | 224.2 HKD |
| ordinary NPV | Sale | 116,700 | 229.6000 HKD | 224.6 HKD |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per |
| relevant | description |
| reference | unit |
| security |
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| securities |
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| ordinary NPV | SWAP | Long | 5,400 | 225.8000 HKD |
| ordinary NPV | SWAP | Long | 6,000 | 225.3287 HKD |
| ordinary NPV | SWAP | Long | 8,600 | 225.3798 HKD |
| ordinary NPV | SWAP | Long | 9,600 | 226.6000 HKD |
| ordinary NPV | SWAP | Long | 10,400 | 225.6750 HKD |
| ordinary NPV | SWAP | Long | 18,200 | 226.3241 HKD |
| ordinary NPV | SWAP | Short | 1,300 | 226.7230 HKD |
| ordinary NPV | SWAP | Short | 10,700 | 228.4000 HKD |
| ordinary NPV | SWAP | Short | 10,800 | 226.5185 HKD |
| ordinary NPV | CFD | Short | 86,500 | 226.9687 HKD |
| ordinary NPV | SWAP | Short | 114,800 | 225.7284 HKD |
(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 | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ 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 |
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(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) |
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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 exempt principal trader 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” |
None
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(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
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(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | YES |
| Date of disclosure: | 24 Sep 2019 |
| Contact name: | Large Holdings Regulatory Operations |
| Telephone number: | 020 3134 7213 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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 CAPITAL SECURITIES LTD |
| are being disclosed: | |
| Name of offeror/offeree in relation to whose | HONG KONG EXCHANGES & CLEARING LTD |
| 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 |
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| security |
| varying etc | to which |
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| option |
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| relates |
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| ordinary NPV | Call Options | Written | -10,500 | 250.0000 | American | 27 Sep 2019 |
| ordinary NPV | Call Options | Written | -500 | 245.0000 | American | 27 Sep 2019 |
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: |
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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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190924005582/en/
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