30th Nov 2020 10:49
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 | Elementis plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor to Elementis plc |
(d) Date dealing undertaken: | 27 November 2020 |
(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 | Lowest price per unit paid/received |
Ordinary Share | Purchase
Sale | 1,415,310
1,191,793 | 1.2001 GBP
1.2000 GBP | 1.1370 GBP
1.1430 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 |
Ordinary Share | Equity Swap | Long
Short
| 4,105 43,378 1,946 90,892 2,028 16,735 33,245 22,316 10,804 4,445 50,000
7,914 72,257 4,558 9,586 2,995 3,328 4,928 20,761 9,264 1,852 8,737 14,299 97,010 4,173 36 4,523 22,993 598 1,975 132 6,998 12,415 34,745 5,981 141,626 7,400 2,327 | 1.1505 GBP 1.1578 GBP 1.1631 GBP 1.1636 GBP 1.1657 GBP 1.1689 GBP 1.1690 GBP 1.1707 GBP 1.1725 GBP 1.1802 GBP 1.1860 GBP
1.1462 GBP 1.1505 GBP 1.1530 GBP 1.1535 GBP 1.1536 GBP 1.1558 GBP 1.1570 GBP 1.1603 GBP 1.1607 GBP 1.1621 GBP 1.1629 GBP 1.1642 GBP 1.1676 GBP 1.1700 GBP 1.1720 GBP 1.1730 GBP 1.1741 GBP 1.1761 GBP 1.1770 GBP 1.1831 GBP 1.1873 GBP 1.1876 GBP 1.1889 GBP 1.1903 GBP 1.1918 GBP 1.2000 GBP 1.2001 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: | 30 November 2020 |
| 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:
Elementis