18th Nov 2020 12:20
FORM 8.5 (EPT/NON-RI) - Amendment to Purchase and Sales
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 | RSA INSURANCE GROUP PLC |
| relevant securities this form relates: | ||
| (c) | Name of the party to the offer with which exempt | A consortium of Intact Financial Corporation and Tryg A/S |
| principal trader is connected | ||
| (d) | Date position held/dealing undertaken: | 13 November 2020 |
| (e) | In addition to the company in 1(b) above, is the exempt principal | NO |
| trader making disclosures in respect of any other party to the offer? |
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: | 100p ordinary | ||||
| Interests | Short Positions | ||||
| Number | (%) | Number | (%) | ||
(1) | Relevant securities owned | ||||
| and/or controlled: | 23,044,391 | 2.23% | 5,574,257 | 0.54% | |
(2) | Cash-settled derivatives: | ||||
1,550,080 | 0.15% | 17,841,408 | 1.72% | ||
(3) | Stock-settled derivatives (including options) | ||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |
| TOTAL: | 24,594,471 | 2.38% | 23,415,665 | 2.26% | |
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 | |
100p ordinary | Purchase | 1,992,246 | 6.5860 GBP | 6.4965 GBP |
100p ordinary | Sale | 968,919 | 6.5860 GBP | 6.5493 GBP |
(b) Cash-settled derivative transactions
Class of | Product | Nature of dealing | Number of | Price per |
relevant | description |
| reference | unit |
security |
|
| securities |
|
100p ordinary | SWAP | Long | 1 | 6.5677 GBP |
100p ordinary | SWAP | Long | 14 | 6.5606 GBP |
100p ordinary | SWAP | Long | 25 | 6.5593 GBP |
100p ordinary | SWAP | Long | 28 | 6.5534 GBP |
100p ordinary | SWAP | Long | 45 | 6.5543 GBP |
100p ordinary | SWAP | Long | 169 | 6.5611 GBP |
100p ordinary | SWAP | Long | 195 | 6.5535 GBP |
100p ordinary | SWAP | Long | 329 | 6.5521 GBP |
100p ordinary | SWAP | Long | 388 | 6.5550 GBP |
100p ordinary | SWAP | Long | 477 | 6.5596 GBP |
100p ordinary | SWAP | Long | 515 | 6.5618 GBP |
100p ordinary | SWAP | Long | 821 | 6.5591 GBP |
100p ordinary | SWAP | Long | 996 | 6.5580 GBP |
100p ordinary | CFD | Long | 1,069 | 6.5615 GBP |
100p ordinary | SWAP | Long | 1,153 | 6.5576 GBP |
100p ordinary | SWAP | Long | 1,484 | 6.5531 GBP |
100p ordinary | SWAP | Long | 1,960 | 6.5513 GBP |
100p ordinary | SWAP | Long | 2,118 | 6.5585 GBP |
100p ordinary | SWAP | Long | 2,215 | 6.5493 GBP |
100p ordinary | SWAP | Long | 3,312 | 6.5681 GBP |
100p ordinary | SWAP | Long | 3,486 | 6.5607 GBP |
100p ordinary | SWAP | Long | 5,155 | 6.5523 GBP |
100p ordinary | SWAP | Long | 6,649 | 6.5554 GBP |
100p ordinary | SWAP | Long | 11,735 | 6.5602 GBP |
100p ordinary | SWAP | Long | 14,046 | 6.5597 GBP |
100p ordinary | SWAP | Long | 18,939 | 6.5589 GBP |
100p ordinary | SWAP | Long | 21,800 | 6.5617 GBP |
100p ordinary | SWAP | Long | 23,637 | 6.5622 GBP |
100p ordinary | CFD | Long | 25,222 | 6.5194 GBP |
100p ordinary | CFD | Long | 39,137 | 6.5532 GBP |
100p ordinary | SWAP | Long | 54,614 | 6.5590 GBP |
100p ordinary | SWAP | Long | 63,688 | 6.5612 GBP |
100p ordinary | SWAP | Long | 89,803 | 6.5575 GBP |
| 100p ordinary | SWAP | Long | 161,301 | 6.5610 GBP |
100p ordinary | SWAP | Short | 5 | 6.5586 GBP |
100p ordinary | SWAP | Short | 6 | 6.5526 GBP |
100p ordinary | SWAP | Short | 38 | 6.5611 GBP |
100p ordinary | CFD | Short | 3,742 | 6.5593 GBP |
100p ordinary | CFD | Short | 11,768 | 6.5612 GBP |
100p ordinary | SWAP | Short | 19,952 | 6.5612 GBP |
100p ordinary | SWAP | Short | 21,915 | 6.5594 GBP |
100p ordinary | SWAP | Short | 30,996 | 6.5580 GBP |
100p ordinary | CFD | Short | 32,410 | 6.5624 GBP |
100p ordinary | SWAP | Short | 50,000 | 6.5545 GBP |
100p ordinary | SWAP | Short | 54,614 | 6.5590 GBP |
100p ordinary | CFD | Short | 67,438 | 6.5625 GBP |
100p ordinary | SWAP | Short | 70,020 | 6.5618 GBP |
100p ordinary | SWAP | Short | 96,343 | 6.5620 GBP |
100p ordinary | SWAP | Short | 100,000 | 6.4965 GBP |
100p ordinary | SWAP | Short | 133,944 | 6.5610 GBP |
100p ordinary | SWAP | Short | 219,569 | 6.5601 GBP |
100p ordinary | SWAP | Short | 283,460 | 6.5679 GBP |
100p ordinary | SWAP | Short | 442,586 | 6.5592 GBP |
100p ordinary | SWAP | Short | 442,586 | 6.5592 GBP |
(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
|
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 18 Nov 2020 |
| 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201118005604/en/
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