6th Jun 2022 11:44
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 | Capricorn Energy plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Capricorn Energy Plc and Tullow Oil plc |
(d) Date dealing undertaken: | 1 June 2022 |
(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" | Yes, Tullow Oil 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 |
21/13p ordinary | Purchase
Sale | 3,270,197
3,528,780 | 2.0980 GBP
2.0740 GBP | 1.9830 GBP
1.9790 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 |
21/13p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 809 82,254 83,030 15 4,467 42,485 35,881 16,257 9,396 1,550 2,168 2,025 173,950 1,248 4,394 59,400 9,372 322 614 46 645 443 278 1,901 2,232 126 974 184 1,381 120 943 964 52 433
5,542 500,000 204 4,007 57,739 2,891 66,392
244,573 18,000 21,960 285 14,041 3,032 3,616
9,041 33,993 3,268 36,645
7,999
13,798 62,194 | 1.9956 GBP 2.0080 GBP 2.0081 GBP 2.0082 GBP 2.0089 GBP 2.0147 GBP 2.0160 GBP 2.0182 GBP 2.0188 GBP 2.0200 GBP 2.0201 GBP 2.0202 GBP 2.0215 GBP 2.0217 GBP 2.0222 GBP 2.0258 GBP 2.0280 GBP 2.0289 GBP 2.0291 GBP 2.0294 GBP 2.0302 GBP 2.0313 GBP 2.0336 GBP 2.0340 GBP 2.0347 GBP 2.0348 GBP 2.0354 GBP 2.0395 GBP 2.0403 GBP 2.0419 GBP 2.0426 GBP 2.0482 GBP 2.0581 GBP 2.0582 GBP
2.0079 GBP 2.0171 GBP 2.0180 GBP 2.0227 GBP 2.0233 GBP 2.0263 GBP 2.0316 GBP
2.0080 GBP 2.0177 GBP 2.0204 GBP 2.0220 GBP 2.0295 GBP 2.0368 GBP 2.0492 GBP
2.0100 GBP 2.0253 GBP 2.0357 GBP 2.0519 GBP
2.0216 GBP
2.0157 GBP 2.0510 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 |
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(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) |
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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
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(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
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| Date of disclosure: | 6 June 2022 |
| 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:
Capricorn Energy PLCTullow Oil