11th Feb 2021 15:20
Amendment - due to the amendment of Derivative transactions, the disclosure made on 10 February for dealings on 09 February has 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 | FUTURE PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | FUTURE PLC |
(d) Date dealing undertaken: | 09 February 2021 |
(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 GOCO GROUP 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 |
15p ordinary | Purchases | 103,311 | 18.6800 GBP | 18.3200 GBP |
15p ordinary | Sales | 82,893 | 18.7000 GBP | 18.3400 GBP |
(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 |
15p ordinary | CFD | Increasing a long position | 1 | 18.5051 GBP |
15p ordinary | CFD | Increasing a long position | 455 | 18.5058 GBP |
15p ordinary | CFD | Increasing a long position | 37 | 18.5059 GBP |
15p ordinary | CFD | Increasing a long position | 9 | 18.5062 GBP |
15p ordinary | CFD | Opening a short position | 150 | 18.5138 GBP |
15p ordinary | CFD | Reducing a long position | 150 | 18.5138 GBP |
15p ordinary | CFD | Increasing a short position | 100 | 18.5475 GBP |
15p ordinary | CFD | Increasing a short position | 14,280 | 18.5485 GBP |
15p ordinary | CFD | Increasing a long position | 6 | 18.5605 GBP |
15p ordinary | CFD | Increasing a long position | 92 | 18.5610 GBP |
15p ordinary | CFD | Increasing a long position | 25 | 18.5610 GBP |
15p ordinary | CFD | Increasing a long position | 1,172 | 18.5611 GBP |
15p ordinary | CFD | Increasing a short position | 938 | 18.5652 GBP |
15p ordinary | CFD | Increasing a short position | 94 | 18.5672 GBP |
15p ordinary | CFD | Reducing a short position | 2,612 | 18.5699 GBP |
15p ordinary | CFD | Reducing a long position | 49 | 18.5763 GBP |
15p ordinary | CFD | Increasing a long position | 16,274 | 18.5869 GBP |
15p ordinary | CFD | Increasing a long position | 15,224 | 18.5869 GBP |
15p ordinary | CFD | Reducing a long position | 7,085 | 18.5884 GBP |
15p ordinary | CFD | Reducing a long position | 28 | 18.5900 GBP |
15p ordinary | CFD | Increasing a long position | 28 | 18.5900 GBP |
15p ordinary | CFD | Opening a short position | 21,160 | 18.5929 GBP |
15p ordinary | CFD | Increasing a long position | 33 | 18.5972 GBP |
15p ordinary | CFD | Reducing a long position | 28 | 18.6000 GBP |
15p ordinary | CFD | Reducing a long position | 4,672 | 18.6000 GBP |
15p ordinary | CFD | Reducing a short position | 1,111 | 18.6048 GBP |
15p ordinary | CFD | Reducing a long position | 1,833 | 25.6341 USD |
(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: | 11 February 2021 |
| Contact name: | Paul Grainger and Kashif Rafiq |
| Telephone number: | +44(20) 7552 9835 / +44(20) 7051 0547 |
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.
Related Shares:
Future