21st Feb 2018 16:01
Amendment - due to the amendment of Derivative transactions, the disclosure made on 16 February for dealings on 14 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 | SKY PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | TWENTY-FIRST CENTURY FOX, INC |
(d) Date dealing undertaken: | 14 February 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" | N/A |
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 |
50p ordinary | Purchases | 6,851,020 | 11.0000 GBP | 10.7661 GBP |
50p ordinary | Sales | 7,779,384 | 11.0000 GBP | 10.7419 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 |
50p ordinary | CFD | Opening a long position | 22,000 | 10.7419 GBP |
50p ordinary | CFD | Reducing a short position | 22,000 | 10.7419 GBP |
50p ordinary | CFD | Opening a short position | 6,233 | 10.7661 GBP |
50p ordinary | CFD | Opening a short position | 25,115 | 10.7661 GBP |
50p ordinary | CFD | Opening a short position | 72,187 | 10.7661 GBP |
50p ordinary | CFD | Opening a short position | 5,378 | 10.7661 GBP |
50p ordinary | CFD | Reducing a long position | 757 | 10.8200 GBP |
50p ordinary | CFD | Increasing a short position | 10,000 | 10.8217 GBP |
50p ordinary | CFD | Increasing a short position | 30,000 | 10.8217 GBP |
50p ordinary | CFD | Opening a short position | 10,334 | 10.8362 GBP |
50p ordinary | CFD | Opening a short position | 3,064 | 10.8362 GBP |
50p ordinary | CFD | Opening a short position | 4,503 | 10.8362 GBP |
50p ordinary | CFD | Opening a short position | 10,058 | 10.8362 GBP |
50p ordinary | CFD | Increasing a long position | 387 | 10.8505 GBP |
50p ordinary | CFD | Increasing a long position | 1,002 | 10.8509 GBP |
50p ordinary | CFD | Increasing a long position | 51 | 10.8513 GBP |
50p ordinary | CFD | Increasing a long position | 2,957 | 10.8515 GBP |
50p ordinary | CFD | Increasing a long position | 3,123 | 10.8520 GBP |
50p ordinary | CFD | Increasing a long position | 401 | 10.8542 GBP |
50p ordinary | CFD | Reducing a short position | 10,000 | 10.8550 GBP |
50p ordinary | CFD | Reducing a short position | 31,000 | 10.8581 GBP |
50p ordinary | CFD | Reducing a short position | 39,000 | 10.8582 GBP |
50p ordinary | CFD | Opening a short position | 234,351 | 10.8850 GBP |
50p ordinary | CFD | Opening a short position | 23,435 | 10.8850 GBP |
50p ordinary | CFD | Opening a short position | 210,916 | 10.8850 GBP |
50p ordinary | CFD | Increasing a long position | 77 | 10.8880 GBP |
50p ordinary | CFD | Increasing a long position | 24 | 10.8893 GBP |
50p ordinary | CFD | Increasing a long position | 223 | 10.8910 GBP |
50p ordinary | CFD | Increasing a long position | 138 | 10.8916 GBP |
50p ordinary | CFD | Increasing a long position | 977 | 10.8926 GBP |
50p ordinary | CFD | Increasing a long position | 251 | 10.8963 GBP |
50p ordinary | CFD | Increasing a long position | 6,187 | 10.8974 GBP |
50p ordinary | CFD | Increasing a long position | 753 | 10.8985 GBP |
50p ordinary | CFD | Increasing a long position | 1,963 | 10.8987 GBP |
50p ordinary | CFD | Increasing a long position | 5,696 | 10.8987 GBP |
50p ordinary | CFD | Reducing a short position | 50,000 | 10.8988 GBP |
50p ordinary | CFD | Reducing a short position | 50,000 | 10.8988 GBP |
50p ordinary | CFD | Reducing a short position | 25,000 | 10.8988 GBP |
50p ordinary | CFD | Reducing a short position | 201,523 | 10.8988 GBP |
50p ordinary | CFD | Reducing a short position | 3,627 | 10.8988 GBP |
50p ordinary | CFD | Reducing a short position | 47,750 | 10.8988 GBP |
50p ordinary | CFD | Reducing a short position | 10,982 | 10.9041 GBP |
50p ordinary | CFD | Reducing a short position | 15,019 | 10.9041 GBP |
50p ordinary | CFD | Reducing a short position | 212,326 | 10.9041 GBP |
50p ordinary | CFD | Increasing a long position | 9,631 | 10.9043 GBP |
50p ordinary | CFD | Increasing a long position | 71,690 | 10.9044 GBP |
50p ordinary | CFD | Increasing a long position | 24,700 | 10.9044 GBP |
50p ordinary | CFD | Increasing a long position | 77,610 | 10.9070 GBP |
50p ordinary | CFD | Reducing a short position | 4,333 | 10.9137 GBP |
50p ordinary | CFD | Increasing a long position | 1,380 | 10.9138 GBP |
50p ordinary | CFD | Increasing a long position | 4,013 | 10.9140 GBP |
50p ordinary | CFD | Increasing a long position | 521 | 10.9142 GBP |
50p ordinary | CFD | Increasing a long position | 4,425 | 10.9155 GBP |
50p ordinary | CFD | Increasing a long position | 33 | 10.9268 GBP |
50p ordinary | CFD | Increasing a long position | 194 | 10.9317 GBP |
50p ordinary | CFD | Increasing a long position | 23 | 10.9326 GBP |
50p ordinary | CFD | Opening a long position | 20,242 | 10.9354 GBP |
50p ordinary | CFD | Opening a long position | 3,098 | 10.9361 GBP |
50p ordinary | CFD | Increasing a long position | 3 | 10.9377 GBP |
50p ordinary | CFD | Increasing a long position | 172 | 10.9414 GBP |
50p ordinary | CFD | Increasing a long position | 23 | 10.9414 GBP |
50p ordinary | CFD | Increasing a long position | 194 | 10.9414 GBP |
50p ordinary | CFD | Increasing a long position | 56 | 10.9414 GBP |
50p ordinary | CFD | Increasing a long position | 12,567 | 10.9446 GBP |
50p ordinary | CFD | Increasing a long position | 4,337 | 10.9446 GBP |
50p ordinary | CFD | Increasing a long position | 1,691 | 10.9448 GBP |
50p ordinary | CFD | Increasing a long position | 13,399 | 10.9449 GBP |
50p ordinary | CFD | Reducing a short position | 100,000 | 10.9461 GBP |
50p ordinary | CFD | Increasing a long position | 379 | 10.9512 GBP |
50p ordinary | CFD | Increasing a long position | 2,394 | 10.9513 GBP |
50p ordinary | CFD | Increasing a long position | 715 | 10.9550 GBP |
50p ordinary | CFD | Increasing a long position | 4,619 | 10.9553 GBP |
50p ordinary | CFD | Reducing a short position | 80,000 | 10.9613 GBP |
50p ordinary | CFD | Reducing a short position | 100,000 | 10.9613 GBP |
50p ordinary | CFD | Reducing a short position | 55,000 | 10.9624 GBP |
50p ordinary | CFD | Increasing a long position | 15,051 | 10.9641 GBP |
50p ordinary | CFD | Increasing a long position | 4,730 | 10.9649 GBP |
50p ordinary | CFD | Increasing a long position | 13,742 | 10.9649 GBP |
50p ordinary | CFD | Increasing a long position | 1,837 | 10.9649 GBP |
50p ordinary | CFD | Reducing a short position | 50,000 | 10.9678 GBP |
50p ordinary | CFD | Reducing a short position | 10,000 | 10.9678 GBP |
50p ordinary | CFD | Increasing a long position | 491 | 10.9818 GBP |
50p ordinary | CFD | Increasing a long position | 72 | 10.9828 GBP |
50p ordinary | CFD | Increasing a long position | 350 | 10.9847 GBP |
50p ordinary | CFD | Increasing a long position | 2,560 | 10.9857 GBP |
50p ordinary | CFD | Increasing a long position | 2,685 | 10.9858 GBP |
50p ordinary | CFD | Increasing a long position | 876 | 10.9862 GBP |
50p ordinary | SWAP | Reducing a short position | 67,500 | 10.8739 GBP |
50p ordinary | SWAP | Reducing a short position | 22,100 | 10.8988 GBP |
50p ordinary | SWAP | Reducing a short position | 57 | 10.9000 GBP |
50p ordinary | SWAP | Reducing a short position | 34,943 | 10.9000 GBP |
50p ordinary | SWAP | Reducing a short position | 25,000 | 10.9000 GBP |
50p ordinary | SWAP | Reducing a short position | 75,000 | 10.9000 GBP |
50p ordinary | SWAP | Reducing a short position | 2,343 | 10.9609 GBP |
50p ordinary | SWAP | Reducing a short position | 15,057 | 10.9609 GBP |
50p ordinary | SWAP | Reducing a short position | 50,100 | 10.9609 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 |
(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: | 21 February 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.
Related Shares:
Sky