14th Sep 2012 14:01
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: | Jefferies International Limited |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | BAE Systems Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | BAE Systems Plc |
(d) Date position held/dealing undertaken: | 13 September 2012 |
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | YES EADS N.V. |
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: 2.5p ORD
| ||||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 1,108,934 | 0.0341% | ||
(2) Derivatives (other than options): | ||||
(3) Options and agreements to purchase/sell: | 501,000 | 0.0154% | ||
TOTAL: | 1,609,934 | 0.0495% | ||
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 security | Purchase/sale
| Number of securities | Price per unit (GBP) |
ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS
ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS ORDS
| BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY
SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL
Total buy Total sell | 9138 5862 9149 115851 3 8 154199 24 3947 55 27796 12499 22256 2248 7 78222 55 21 202 28 37202 27 4566 60334 183 27 3926 92 53504 76 49 25593 116 1089655 18 39 40911 71357 110 605576 17186 16736 36235 126030 35841 7335 9822 7715 10748 58565 1000 77465 1273 3741 21019 221006 9184 1729 16815 67 848 6049 18507 41 5579 10847 124 34 15813 2207 14543 115 2587 312 499 11396 104 11152 72738 7801 7763 18700 17031 3483 375 240000 10084 25000 20500 15000 1000 168 5803 13297 1125 15000 672 11879 4674 112 26000 34228 1820 162 107 14995 95 2029 46 10432 12820 51226 6252 3240 600 4351 12 9173 2233 3466 25 129 24240 14308 38927 8005 117 7998 23883 35355 32623 608 5225 2120 11932 470 364 124 11528 75 11347 2251 6336 2922 128 6400 15000 15000 10459 2742 312 38374 2124 126 103 122 18654 24504 15000 15000
24960 128 17784 222 36952 9512 114 1636 954 223 16574 59 13426 10653 28710 436 22203 220 2190 11 27 6140 38 50000 9657 12038 212 13440 924 583 1096 2983 43548 6452 244 12643 127 995 2276 339 214609 1694 3965 1991 951 36 1511 1017935 69 18584 107 63206 107 16261 802 24389 34 571 1089951 62470 26 970 20984 238 24113 106 40760 469 229358 12214 12332 48876 75 25515 4220 57 3530 103 2521 114 572 589 2360 121 1413 113 1386 206 2974 977 122 363 4131 114 17083 471 2722 15087 84 18 5582 9 3409 5561 1747 11433 1692 946 721 81249 5127 13257 7363 980 11 2670 61173 163 33 982 54 29004 322 22 13 29453 109 28697 24 7751 12150 41736 2775 24864 2795 21134 130 2587 408 10920 207 11033 16 460 525 53184 929 214 22594 217 41 10125 21407 4133 459 204 112 5146 128 10591 636 1516 324 4653 501 1943 3875 756 8624 23418 2788 331 3756 20983 430 38 39241 22812 5893 2032 217 3858 126 27153 8135 1959 910 918 941 613 255 925 381 130 870 281 190 180000 15000
4,295,652 4,295,652 | 3.3260 3.3270 3.3490 3.3500 3.3567 3.3575 3.3580 3.3583 3.3590 3.3591 3.3600 3.3610 3.3620 3.3623 3.3629 3.3630 3.3631 3.3633 3.3635 3.3639 3.3640 3.3641 3.3648 3.3650 3.3651 3.3652 3.3658 3.3659 3.3660 3.3661 3.3669 3.3670 3.3671 3.3672 3.3678 3.3679 3.3680 3.3690 3.3691 3.3700 3.3710 3.3720 3.3730 3.3740 3.3750 3.3760 3.3770 3.3780 3.3790 3.3800 3.3810 3.3820 3.3840 3.3850 3.3860 3.3864 3.3870 3.3873 3.3880 3.3881 3.3915 3.3920 3.3930 3.3939 3.3940 3.3950 3.3951 3.3959 3.3960 3.3965 3.3970 3.3971 3.3973 3.3975 3.3977 3.3980 3.3985 3.3990 3.4000 3.4010 3.4023 3.4030 3.4060 3.4070 3.4080 3.4086 3.4090 3.4100 3.4110 3.4120 3.4125 3.4130 3.4140 3.4150 3.4155 3.4160 3.4165 3.4170 3.4180 3.4185 3.4200 3.4220 3.4230 3.4240 3.4245 3.4250 3.4251 3.4260 3.4261 3.4270 3.4300 3.4310 3.4320 3.4340 3.4380 3.4400 3.4408 3.4410 3.4420 3.4430 3.4432 3.4435 3.4440 3.4446 3.4450 3.4460 3.4465 3.4470 3.4480 3.4490 3.4500 3.4510 3.4520 3.4530 3.4540 3.4550 3.4555 3.4565 3.4570 3.4571 3.4578 3.4580 3.4590 3.4600 3.4610 3.4620 3.4630 3.4690 3.4710 3.4720 3.4725 3.4730 3.4731 3.4740 3.4745 3.4755 3.4760 3.4770 3.4830 3.4880
3.3000 3.3005 3.3010 3.3015 3.3020 3.3030 3.3035 3.3040 3.3050 3.3055 3.3060 3.3069 3.3070 3.3080 3.3090 3.3095 3.3100 3.3105 3.3110 3.3118 3.3119 3.3120 3.3121 3.3133 3.3137 3.3140 3.3155 3.3160 3.3170 3.3190 3.3200 3.3210 3.3400 3.3410 3.3530 3.3550 3.3560 3.3580 3.3590 3.3595 3.3600 3.3610 3.3620 3.3630 3.3635 3.3639 3.3640 3.3650 3.3659 3.3660 3.3665 3.3670 3.3675 3.3680 3.3685 3.3690 3.3691 3.3695 3.3700 3.3710 3.3712 3.3715 3.3720 3.3725 3.3730 3.3735 3.3740 3.3745 3.3750 3.3760 3.3769 3.3770 3.3771 3.3772 3.3780 3.3781 3.3790 3.3795 3.3800 3.3805 3.3810 3.3820 3.3830 3.3835 3.3840 3.3845 3.3850 3.3855 3.3860 3.3870 3.3875 3.3880 3.3890 3.3895 3.3900 3.3906 3.3908 3.3910 3.3911 3.3917 3.3920 3.3922 3.3930 3.3940 3.3950 3.3960 3.3970 3.3980 3.3990 3.4000 3.4010 3.4020 3.4030 3.4035 3.4036 3.4040 3.4050 3.4051 3.4052 3.4055 3.4059 3.4060 3.4065 3.4068 3.4069 3.4070 3.4071 3.4080 3.4083 3.4090 3.4099 3.4100 3.4110 3.4120 3.4130 3.4132 3.4135 3.4140 3.4145 3.4150 3.4151 3.4170 3.4175 3.4180 3.4195 3.4200 3.4210 3.4215 3.4220 3.4230 3.4239 3.4240 3.4250 3.4260 3.4270 3.4275 3.4280 3.4290 3.4295 3.4300 3.4320 3.4330 3.4340 3.4350 3.4360 3.4370 3.4380 3.4390 3.4400 3.4410 3.4420 3.4425 3.4428 3.4430 3.4435 3.4439 3.4440 3.4450 3.4452 3.4460 3.4470 3.4480 3.4485 3.4490 3.4500 3.4510 3.4520 3.4530 3.4540 3.4550 3.4560 3.4570 3.4580 3.4588 3.4590 3.4600 3.4690 3.4701 3.4800
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(b) Derivatives transactions (other than options)
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 |
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(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 |
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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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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" |
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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" |
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(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | YES |
| Date of disclosure: | 14 September 2012 |
| Contact name: | James Step |
| Telephone number: | 020 7029 8656 |
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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Identity of person whose open positions are being disclosed: | Jefferies International Limited |
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | BAE Systems Plc |
2. OPTIONS AND DERIVATIVES
Class of relevant security | Product description e.g. call option | Written or purchased | Number of securities to which option or derivative relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date |
2.5p Ordinary | Put Option | Purchased | 1000 | 3.40 | American | 21/09/12 |
2.5p Ordinary | Put Option | Purchased | 500,000 | 3.00 | American | 21/09/12 |
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 contracts for differences ("CFDs") or spread bets.
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 dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
BAE Systems