13th Nov 2020 09:51
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: | 12 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 | 2,902,781
3,119,059 | 1.0870 GBP
1.0870 GBP | 1.0000 GBP
0.9985 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
| 1,632 38,288 1,073,112 883 16,100 3,307 23,785 943 28,120 7,324 6,115 1,096 58,026 10,542 9,282 12,088 737 57,065 76,000 6,000 2,944 371 1,283 111,878 39
2,222 6,658 28,889 36,815 73,422 38,000 2,682 70,653 2,264 35,786 7,096 842 1,323 7,017 2,241 153,076 796 | 1.0050 GBP 1.0140 GBP 1.0457 GBP 1.0520 GBP 1.0523 GBP 1.0535 GBP 1.0544 GBP 1.0570 GBP 1.0584 GBP 1.0586 GBP 1.0603 GBP 1.0605 GBP 1.0606 GBP 1.0629 GBP 1.0631 GBP 1.0644 GBP 1.0653 GBP 1.0655 GBP 1.0703 GBP 1.0732 GBP 1.0750 GBP 1.0760 GBP 1.0772 GBP 1.0800 GBP 1.0870 GBP
1.0030 GBP 1.0094 GBP 1.0098 GBP 1.0304 GBP 1.0323 GBP 1.0354 GBP 1.0383 GBP 1.0541 GBP 1.0551 GBP 1.0562 GBP 1.0631 GBP 1.0640 GBP 1.0645 GBP 1.0662 GBP 1.0675 GBP 1.0800 GBP 1.0801 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: | 13 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