21st Mar 2018 17:28
AMENDMENT
DECREASED EQUITY SALES BY 250,000 TO 14,772,056
ADDED EQUITY SWAP PURCHASES OF 750,000
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: | 12 March 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 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 | 15,154,319
14,772,056 | 4.4580
4.4660 | 4.2314
4.2244 |
(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 | 1,170,324 219,235 70,202 1,334 1,386 360 369 89,780 356 387 8,293 2,423,083 2,054 9,247 2,302 293 327 188 235 1,911 2,226 250,000 2 3,622 2,972 2,790 99,249 12,093 36,004 2,028 57,537 13,431 500,000 10,853 2,968
558 15,503 33,249 25,993 4,060 59,013 84,098 97,711 5,399 6,750 48,037 13,498 133,144 11,453 161,948 82,473 12,520 81,800 16,920 6,760 72,539 56,209 277,091 162,825 162,500 1,482 7,878 41,914 17,242 91,589 1,546,567 | 4.2477 GBP 4.2479 GBP 4.2715 GBP 4.2884 GBP 4.2906 GBP 4.2921 GBP 4.2941 GBP 4.3062 GBP 4.3115 GBP 4.3137 GBP 4.3139 GBP 4.3145 GBP 4.3173 GBP 4.3175 GBP 4.3194 GBP 4.3201 GBP 4.3212 GBP 4.3234 GBP 4.3291 GBP 4.3334 GBP 4.3355 GBP 4.3706 GBP 4.3709 GBP 4.3710 GBP 4.3739 GBP 4.3759 GBP 4.3787 GBP 4.3811 GBP 4.3873 GBP 4.3879 GBP 4.3908 GBP 4.3919 GBP 4.3926 GBP 4.4113 GBP 4.4115 GBP
4.2413 GBP 4.2417 GBP 4.2436 GBP 4.2474 GBP 4.2613 GBP 4.2729 GBP 4.2829 GBP 4.3162 GBP 4.3196 GBP 4.3203 GBP 4.3347 GBP 4.3428 GBP 4.3438 GBP 4.3468 GBP 4.3585 GBP 4.3781 GBP 4.4124 GBP 4.4181 GBP 4.4244 GBP 4.4294 GBP 4.4297 GBP 4.4337 GBP 4.4340 GBP 4.4361 GBP 4.4395 GBP 4.4445 GBP 4.4448 GBP 4.4506 GBP 4.4548 GBP 4.4551 GBP 5.9682 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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
|
(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) (GBP) |
|
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: | 21 March 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