18th Feb 2016 14:01
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: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | J Sainsbury Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Connected advisor to J Sainsbury Plc offeror to Home Retail Group Plc |
(d) Date dealing undertaken: | 17 February 2016 |
(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 Home Retail 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 |
28 4/7p ordinary | Buy
| 6746835 | 2.62300 GBP | 2.39300 GBP |
28 4/7p ordinary | Sell
| 8284506 | 2.62250 GBP | 2.39300 GBP |
Convertible Bond (19 Nov) | Buy | 200000 | 1.04 GBP | 1.04 GBP |
Perpetual Convertible Bond | Sell | 200000 | 9.38 GBP | 9.38 GBP |
Perpetual Convertible Bond | Sell | 1000000 | 9.375 GBP | 9.375 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 |
28 4/7p ordinary | CFD
| Long | 4957 | 2.622 GBP |
28 4/7p ordinary | CFD
| Long | 653 | 2.621 GBP |
28 4/7p ordinary | CFD
| Long | 9267 | 2.62 GBP |
28 4/7p ordinary | CFD
| Long | 4809 | 2.6195 GBP |
28 4/7p ordinary | CFD
| Long | 1329 | 2.619 GBP |
28 4/7p ordinary | CFD
| Long | 162500 | 2.616 GBP |
28 4/7p ordinary | CFD
| Long | 13376 | 2.615 GBP |
28 4/7p ordinary | CFD
| Long | 304950
| 2.603225 GBP |
28 4/7p ordinary | CFD
| Long | 870 | 2.59388 GBP |
28 4/7p ordinary | CFD
| Long | 470 | 2.592826 GBP |
28 4/7p ordinary | CFD
| Long | 15200 | 2.592356 GBP |
28 4/7p ordinary | CFD
| Long | 320500 | 2.590016 GBP |
28 4/7p ordinary | CFD
| Long | 6000 | 2.588633 GBP |
28 4/7p ordinary | CFD
| Long | 4542 | 2.583 GBP |
28 4/7p ordinary | CFD
| Long | 130500 | 2.581037 GBP |
28 4/7p ordinary | CFD
| Long | 328624 | 2.566791 GBP |
28 4/7p ordinary | CFD
| Long | 712701 | 2.561895 GBP |
28 4/7p ordinary | CFD
| Long | 19500 | 2.560993 GBP |
28 4/7p ordinary | CFD
| Long | 5000 | 2.555 GBP |
28 4/7p ordinary | CFD
| Long | 256800 | 2.55 GBP |
28 4/7p ordinary | CFD
| Short | 2099 | 2.615333 GBP |
28 4/7p ordinary | CFD
| Short | 2756 | 2.615 GBP |
28 4/7p ordinary | CFD
| Short | 69756 | 2.611892 GBP |
28 4/7p ordinary | CFD
| Short | 3327 | 2.611584 GBP |
28 4/7p ordinary | CFD
| Short | 14086 | 2.611583 GBP |
28 4/7p ordinary | CFD
| Short | 573280 | 2.611153 GBP |
28 4/7p ordinary | CFD
| Short | 4801 | 2.610196 GBP |
28 4/7p ordinary | CFD
| Short | 254736 | 2.6079 GBP |
28 4/7p ordinary | CFD
| Short | 7000 | 2.607257 GBP |
28 4/7p ordinary | CFD
| Short | 98117 | 2.600688 GBP |
28 4/7p ordinary | CFD
| Short | 700 | 2.599 GBP |
28 4/7p ordinary | CFD
| Short | 1668 | 2.591323 GBP |
28 4/7p ordinary | CFD
| Short | 5600 | 2.587107 GBP |
28 4/7p ordinary | CFD
| Short | 1200 | 2.570587 GBP |
28 4/7p ordinary | CFD
| Short | 4319 | 2.557873 GBP |
28 4/7p ordinary | CFD
| Short | 1629 | 2.551 GBP |
28 4/7p ordinary | CFD
| Short | 19500 | 2.55 GBP |
28 4/7p ordinary | CFD
| Short | 1000 | 2.545 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: | 18 February 2016 |
| Contact name: | Achal Khanna |
| Telephone number: | +44 (0)20 7568 1245 |
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 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:
Sainsbury's