17th Oct 2014 12:13
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: | J.P. Morgan Securities LLC |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Shire Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | AbbVie Inc. |
(d) Date position held/dealing undertaken: | 15 October 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. AbbVie Inc. |
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:
| ||||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 3,258,525 | 0.55 | 75,426 | 0.01 |
(2) Derivatives (other than options): | - | - | 3,054,135
| 0.52 |
(3) Options and agreements to purchase/sell: | 390,000 | 0.07 | 750,000
| 0.13 |
TOTAL: | 3,648,525
| 0.62 | 3,879,561 | 0.66 |
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 (USD) |
ADS | Purchases
Sales | 113,900 6,708 495 3,001 100 700 8,204 12,000 1,200 300 100 333,333 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 200 200 100 200 100 200 200 1,100 100 100 100 100 100 200 300 100 100 100 100 100 100 100 200 100 100 100 100 100 100 100 400 100 100 100 100 400 300 200 300 200 100 100 300 100 100 200 100 100 100 100 746 100 100 100 400 200 300 200 300 300 900 100 700 100 100 600
113,900 6,708 100 100 200 200 399 1,000 20 481 885 911 8,204 12,000 600 333,333 | 169.1035 171.2299 172.8296 172.9173 172.9400 172.9617 173.0000 173.7959 175.5000 176.1750 176.3400 176.5321 177.0100 177.0700 177.0800 177.2100 177.2250 177.2300 177.2400 177.2600 177.2900 177.3350 177.3500 177.3600 177.4150 177.4850 177.5650 177.5750 177.5900 177.6050 177.6450 177.6700 177.6800 177.6850 177.6900 177.6950 177.7344 177.7450 177.7850 177.7900 177.8250 177.8300 177.8450 177.8800 177.9050 177.9800 177.9850 178.0650 178.0700 178.0800 178.0850 178.1100 178.1850 178.1900 178.2000 178.2100 178.2300 178.2400 178.2700 178.3075 178.3200 178.3300 178.4700 178.4850 178.4925 178.5050 178.5150 178.5200 178.5250 178.5400 178.5550 178.5567 178.5750 178.6200 178.6250 178.6500 178.6550 178.6750 178.6950 178.6979 178.7050 178.7250 178.7300 178.7350 178.7500 178.7650 178.7700 178.7750 178.7800 178.7850 178.7900 178.7950 178.8000 178.8050 178.8200
169.1035 171.2299 172.7700 172.7800 172.8200 172.8600 172.8700 172.8800 172.9000 172.9400 172.9600 172.9800 173.0000 173.7959 175.5000 176.5321 |
(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 |
|
(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 |
ADS | Put Option Call Option | Purchasing Sale | 30,000 90,000 | 190.00 255.00 | American American | 17/04/2015 16/01/2015 | 25.40 0.80 |
(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" |
|
(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" |
|
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 16 October 2014 |
| Contact name: | Tung T Le |
| Telephone number: | 020 7742 7272 |
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: | J.P.Morgan Securities LLC |
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | Shire 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 (USD) | Type e.g. American, European etc. | Expiry date |
ADS | Call Option Call Option Put Option Call Option | Purchased Written Purchase Written | 130,000 130,000 30,000 90,000 | 230.00 195.00 190.00 255.00 | American American American American | 16/01/15 21/11/14 17/04/15 16/01/15 |
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: |
|
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:
Shire