3rd Jul 2018 09:22
Amendment - due to the amendment of Derivative transactions, the disclosure made on 25 June for dealings on 22 June have been updated. Section 2(b) has been updated.
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | (GS) GOLDMAN SACHS INTERNATIONAL |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | CYBG PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | VIRGIN MONEY HOLDINGS (UK) PLC |
(d) Date dealing undertaken: | 22 June 2018 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | YES - disclosed previously for VIRGIN MONEY HOLDINGS (UK) PLC |
2. DEALINGS 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 2(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 security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
10p ordinary | Purchases | 626,563 | 3.2300 GBP | 3.1800 GBP |
10p ordinary | Sales | 568,559 | 3.2320 GBP | 3.1700 GBP |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
DR | Purchases | 100,415 | 5.6800 AUD | 5.6666 AUD |
DR | Sales | 91,601 | 5.6800 AUD | 5.6300 AUD |
(b) Cash-settled derivative transactions
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 |
10p ordinary | CFD | Reducing a short position | 16,290 | 3.2097 GBP |
10p ordinary | CFD | Reducing a long position | 1,310 | 3.2098 GBP |
10p ordinary | CFD | Reducing a long position | 13,002 | 3.2100 GBP |
10p ordinary | CFD | Reducing a long position | 75,000 | 3.2100 GBP |
10p ordinary | CFD | Opening a short position | 4,489 | 3.2100 GBP |
10p ordinary | CFD | Reducing a long position | 125,000 | 3.2100 GBP |
10p ordinary | CFD | Reducing a short position | 1,500 | 3.2110 GBP |
10p ordinary | CFD | Increasing a short position | 14,269 | 3.2117 GBP |
10p ordinary | CFD | Increasing a short position | 2,924 | 3.2117 GBP |
10p ordinary | CFD | Increasing a short position | 12,010 | 3.2117 GBP |
10p ordinary | CFD | Increasing a short position | 13,234 | 3.2117 GBP |
10p ordinary | CFD | Increasing a short position | 5,809 | 3.2117 GBP |
10p ordinary | CFD | Reducing a short position | 298,850 | 3.2140 GBP |
10p ordinary | CFD | Increasing a long position | 4 | 3.2140 GBP |
10p ordinary | CFD | Opening a short position | 9,136 | 3.2160 GBP |
10p ordinary | CFD | Reducing a long position | 13,656 | 3.2160 GBP |
10p ordinary | CFD | Reducing a long position | 88,410 | 3.2169 GBP |
10p ordinary | CFD | Opening a short position | 88,410 | 3.2185 GBP |
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 |
DR | CFD | Opening a short position | 11,966 | 5.6804 AUD |
DR | CFD | Reducing a long position | 29 | 5.6804 AUD |
DR | CFD | Opening a long position | 29 | 5.6809 AUD |
DR | CFD | Reducing a long position | 86,176 | 5.6815 AUD |
DR | CFD | Reducing a long position | 263,707 | 5.6846 AUD |
DR | CFD | Reducing a short position | 6,687 | 5.7107 AUD |
DR | CFD | Reducing a short position | 11,545 | 5.7904 AUD |
DR | SWAP | Reducing a short position | 3,201 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 5,688 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 573 | 5.6300 AUD |
DR | SWAP | Opening a long position | 573 | 5.6300 AUD |
DR | SWAP | Reducing a short position | 3,201 | 5.6300 AUD |
DR | SWAP | Opening a long position | 153,778 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 573 | 5.6300 AUD |
DR | SWAP | Reducing a short position | 2 | 5.6300 AUD |
DR | SWAP | Opening a long position | 5,688 | 5.6300 AUD |
DR | SWAP | Opening a short position | 3,201 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 79,521 | 5.6300 AUD |
DR | SWAP | Opening a long position | 573 | 5.6300 AUD |
DR | SWAP | Opening a short position | 3,201 | 5.6300 AUD |
DR | SWAP | Opening a long position | 2 | 5.6300 AUD |
DR | SWAP | Opening a short position | 8,929 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 2 | 5.6300 AUD |
DR | SWAP | Opening a short position | 2 | 5.6300 AUD |
DR | SWAP | Reducing a short position | 8,929 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 79,521 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 79,521 | 5.6300 AUD |
DR | SWAP | Opening a long position | 79,521 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 2 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 5,688 | 5.6300 AUD |
DR | SWAP | Opening a short position | 8,929 | 5.6300 AUD |
DR | SWAP | Opening a long position | 5,688 | 5.6300 AUD |
DR | SWAP | Opening a long position | 79,521 | 5.6300 AUD |
DR | SWAP | Opening a long position | 2 | 5.6300 AUD |
DR | SWAP | Reducing a short position | 2 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 153,778 | 5.6300 AUD |
DR | SWAP | Opening a short position | 2 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 153,778 | 5.6300 AUD |
DR | SWAP | Reducing a long position | 153,778 | 5.6300 AUD |
DR | SWAP | Reducing a short position | 8,929 | 5.6300 AUD |
DR | SWAP | Opening a long position | 153,778 | 5.6300 AUD |
DR | SWAP | Increasing a long position | 1 | 5.6300 AUD |
DR | SWAP | Increasing a long position | 142,146 | 5.6750 AUD |
DR | SWAP | Increasing a long position | 1,042,400 | 5.6750 AUD |
DR | SWAP | Increasing a short position | 1,184,546 | 5.6750 AUD |
DR | SWAP | Reducing a short position | 29 | 5.6804 AUD |
DR | SWAP | Opening a long position | 11,966 | 5.6804 AUD |
DR | SWAP | Opening a short position | 29 | 5.6809 AUD |
DR | SWAP | Reducing a short position | 86,176 | 5.6815 AUD |
DR | SWAP | Reducing a short position | 263,707 | 5.6845 AUD |
DR | SWAP | Reducing a long position | 6,687 | 5.7107 AUD |
DR | SWAP | Reducing a long position | 11,545 | 5.7904 AUD |
(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 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising / exercised against | 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) |
|
3. 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
|
(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
|
| Date of disclosure: | 03 July 2018 |
| Contact name: | Kashif Rafiq and Papa Lette |
| Telephone number: | +44(20) 7051 0547 / +44(20) 7774 7442 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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