6th Feb 2018 17:19
AMENDMENT
INCREASED EQUITY PURCHASES BY 814 TO 4,137,418
ADDED EQUITY SWAP SALES OF 814
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: | 24 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 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 | 4,137,418
3,401,550 | 4.3990
4.3960 | 4.3460
4.3460 |
(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 (GBP) |
Ordinary Shares | Equity Swaps
| Long
Short | 568,952 4,591 18 422 3,243 119 12,460 21,104 651 27,553 15,124 10,442 91 60,435 1,213 266,837 96,369 134 18,240 1,774 1,748 1,363 500
51,441 95,405 281 552 229 750 64 189,891 94 192,404 2,768 4,411 11,732 5,338 8,661 257 4,090 3,918 1,590 142,891 51,162 12,696 14,647 3,411 152,071 949 115,207 11,592 1,947 | 4.3460 4.3663 4.3711 4.3760 4.3785 4.3789 4.3797 4.3804 4.3807 4.3810 4.3811 4.3817 4.3821 4.3827 4.3829 4.3834 4.3836 4.3861 4.3873 4.3877 4.3879 4.3902 4.3930
4.3461 4.3462 4.3463 4.3577 4.3591 4.3643 4.3644 4.3692 4.3700 4.3762 4.3770 4.3777 4.3779 4.3781 4.3796 4.3799 4.3824 4.3825 4.3831 4.3833 4.3836 4.3837 4.3843 4.3850 4.3852 4.3859 4.3861 4.3887 4.3902 |
(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: | 06 February 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