29th Jan 2018 17:23
AMENDMENT
INCREASED EQUITY PURCHASES BY 523,475 TO 8,885,769
ADDED EQUITY SWAP SALES OF 1,600,207
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: | 16 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 | 8,885,769
7,774,133 | 4.4739
4.4650 | 4.3800
4.3900 |
(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 | 499,114 137,648 4,314 2,891 6,806 2,617 985 2,561 10 13,435 65,919 397,787 40,482 9,677 15,073 654 2,038 13,162 11,485 54 3,538 2,085 872 43,794 930 2,501 66 787 63 773 753 22,068 9 412 908
250,000 397,771 1,278 5,031 86,090 4,221 212 7,375 3,462 2,056 10,728 60,206 10,884 7,584 101,636 1,233 18,294 16,758 76,872 13 62,318 32,525 331,898 94,834 12,555 11,574 6,505 9,955 73,327 23,800 63,971 5,143 942 13,570 7,107 54,231 35,811 23,507 4,489 32,431 10,178 157,287 2,500 1,777 30,000 844 31,915 908 73 728 326,732 273,475 750,000 | 4.3961 GBP 4.4053 GBP 4.4068 GBP 4.4106 GBP 4.4122 GBP 4.4149 GBP 4.4169 GBP 4.4190 GBP 4.4197 GBP 4.4200 GBP 4.4252 GBP 4.4265 GBP 4.4267 GBP 4.4320 GBP 4.4363 GBP 4.4389 GBP 4.4403 GBP 4.4435 GBP 4.4446 GBP 4.4464 GBP 4.4477 GBP 4.4519 GBP 4.4556 GBP 4.4557 GBP 4.4561 GBP 4.4570 GBP 4.4573 GBP 4.4578 GBP 4.4582 GBP 4.4590 GBP 4.4591 GBP 4.4594 GBP 4.4597 GBP 4.4599 GBP 4.4670 GBP
4.3784 GBP 4.3800 GBP 4.4019 GBP 4.4045 GBP 4.4077 GBP 4.4079 GBP 4.4081 GBP 4.4086 GBP 4.4108 GBP 4.4115 GBP 4.4124 GBP 4.4138 GBP 4.4142 GBP 4.4154 GBP 4.4161 GBP 4.4170 GBP 4.4173 GBP 4.4200 GBP 4.4202 GBP 4.4203 GBP 4.4206 GBP 4.4211 GBP 4.4235 GBP 4.4237 GBP 4.4238 GBP 4.4242 GBP 4.4249 GBP 4.4270 GBP 4.4280 GBP 4.4286 GBP 4.4296 GBP 4.4299 GBP 4.4303 GBP 4.4305 GBP 4.4321 GBP 4.4326 GBP 4.4337 GBP 4.4360 GBP 4.4376 GBP 4.4388 GBP 4.4392 GBP 4.4413 GBP 4.4419 GBP 4.4425 GBP 4.4429 GBP 4.4481 GBP 4.4529 GBP 4.4670 GBP 4.4721 GBP 4.4741 GBP 6.1180 USD 6.1455 USD 6.1575 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