29th Nov 2018 12:47
AMENDMENT
INCREASED EQUITY PURCHASES BY 104,549 TO 1,340,537
ADDED EQUITY SWAP SALES OF 4,549
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: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | BTG plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Joint Financial Advisor and Joint Corporate Broker to BTG plc. |
(d) Date dealing undertaken: | 23 November 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 this 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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Shares | Purchase
Sale | 1,340,537
1,286,198 | 8.3000
8.3300 | 8.2600
8.2596 |
(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
|
Ordinary Shares | Equity Swaps | Long
Short | 281 555 41,312 426 24 5,485 8,030 10,230 8,814 10,275 3,998 4,042 14,644 7,684 11,019 12,836 2,614 26,784 7,212 2,155 1,000,000 42,751
45,582 4,805 500,000 693 3,900 383 3,950 100,000 300,000 4,069 19,093 1,026 304 4,549 2,373 710 154,560 13,687 4,072 2,741 | 8.2594 GBP 8.2596 GBP 8.2600 GBP 8.2605 GBP 8.2661 GBP 8.2731 GBP 8.2745 GBP 8.2788 GBP 8.2819 GBP 8.2823 GBP 8.2828 GBP 8.2848 GBP 8.2856 GBP 8.2865 GBP 8.2869 GBP 8.2884 GBP 8.2901 GBP 8.2930 GBP 8.2935 GBP 8.2950 GBP 8.3300 GBP 10.6036 USD
8.2600 GBP 8.2606 GBP 8.2730 GBP 8.2756 GBP 8.2758 GBP 8.2778 GBP 8.2783 GBP 8.2791 GBP 8.2813 GBP 8.2816 GBP 8.2818 GBP 8.2825 GBP 8.2830 GBP 8.2848 GBP 8.2855 GBP 8.2863 GBP 8.2891 GBP 8.2910 GBP 8.2915 GBP 8.2943 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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
|
(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) (GBP) |
|
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: | 29 November 2018 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
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 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:
BTG