29th Jan 2018 17:28
AMENDMENT
INCREASED EQUITY PURCHASES BY 261,836 TO 17,949,371
ADDED EQUITY SWAP SALES OF 3,073,590
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 | GKN plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker and Financial Advisor to GKN plc |
(d) Date dealing undertaken: | 17 January 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" | Yes, Melrose Industries 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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Shares
| Purchases
Sales | 17,949,371
15,294,511 | 4.4900
4.4920 | 4.3940
4.4105 |
(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 | 3,405 613 86,968 17 401 2,177 304 11,494 6,603 660 173 38,274 3,824 621,148 667,778 41 126 955 183 144 8,334 6,802 97 797 55,963 1,399 11,007 1,402 6,607 637 14,102 2,118 1,445 402,834 825
41,420 94,680 35,316 35,958 31,640 149,050 1,600,000 577,646 3,499 21,853 750 30,879 3,356 1,981 129,021 26,796 700 87,409 90,411 4,596 131,840 45,925 3,752 14,465 3,110 3,793 12,292 5,986 11,116 2,862 10,766 75,007 22 3,550 1,048 4,644 1,166,541 | 4.4208 GBP 4.4219 GBP 4.4270 GBP 4.4275 GBP 4.4280 GBP 4.4298 GBP 4.4300 GBP 4.4303 GBP 4.4305 GBP 4.4327 GBP 4.4347 GBP 4.4348 GBP 4.4365 GBP 4.4368 GBP 4.4374 GBP 4.4377 GBP 4.4380 GBP 4.4391 GBP 4.4408 GBP 4.4410 GBP 4.4418 GBP 4.4435 GBP 4.4442 GBP 4.4443 GBP 4.4479 GBP 4.4515 GBP 4.4518 GBP 4.4556 GBP 4.4566 GBP 4.4647 GBP 4.4669 GBP 4.4737 GBP 4.4757 GBP 4.4760 GBP 4.4794 GBP
4.4197 GBP 4.4258 GBP 4.4266 GBP 4.4319 GBP 4.4323 GBP 4.4388 GBP 4.4392 GBP 4.4399 GBP 4.4421 GBP 4.4445 GBP 4.4451 GBP 4.4459 GBP 4.4461 GBP 4.4467 GBP 4.4471 GBP 4.4486 GBP 4.4491 GBP 4.4508 GBP 4.4519 GBP 4.4526 GBP 4.4567 GBP 4.4591 GBP 4.4643 GBP 4.4669 GBP 4.4671 GBP 4.4691 GBP 4.4726 GBP 4.4729 GBP 4.4730 GBP 4.4733 GBP 4.4739 GBP 4.4762 GBP 4.4763 GBP 4.4764 GBP 4.4770 GBP 4.4773 GBP 6.1716 USD |
(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: | 29 January 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:
GKN PLC