29th Jan 2018 17:27
AMENDMENT
INCREASED EQUITY PURCHASES BY 563,707 TO 10,971,725
ADDED EQUITY SWAP PURCHASES OF 4,856
ADDED EQUITY SWAP SALES 2,284,459
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: | 18 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 | 10,971,725
10,218,782 | 4.4861
4.4697 | 4.4500
4.4500 |
(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 | 131 1,522,706 17 47 2,050 49,114 12,175 753 734,622 191,437 56 8,486 1,102 254,507 70 764 12,131 822 2,401 395 44,250
959,489 18,157 1 3,573 1,937 103,182 4,101 720 581 2,545 6,913 35,331 5,494 229,505 311 141,449 254 37,552 158,207 93,867 3,292 1,106 5,858 9,628 362 14,073 11,182 13,249 5,209 800,000 23,689 35,223 83,682 1,436 4,559 133,055 1,681 3,652 2,015 243,197 | 4.4497 GBP 4.4500 GBP 4.4519 GBP 4.4551 GBP 4.4569 GBP 4.4581 GBP 4.4586 GBP 4.4589 GBP 4.4591 GBP 4.4593 GBP 4.4606 GBP 4.4609 GBP 4.4615 GBP 4.4621 GBP 4.4631 GBP 4.4636 GBP 4.4642 GBP 4.4649 GBP 4.4655 GBP 4.4670 GBP 4.4697 GBP
4.4500 GBP 4.4502 GBP 4.4503 GBP 4.4519 GBP 4.4530 GBP 4.4552 GBP 4.4557 GBP 4.4571 GBP 4.4591 GBP 4.4596 GBP 4.4599 GBP 4.4602 GBP 4.4607 GBP 4.4613 GBP 4.4618 GBP 4.4623 GBP 4.4625 GBP 4.4627 GBP 4.4630 GBP 4.4632 GBP 4.4637 GBP 4.4641 GBP 4.4646 GBP 4.4648 GBP 4.4651 GBP 4.4653 GBP 4.4658 GBP 4.4660 GBP 4.4664 GBP 4.4665 GBP 4.4666 GBP 4.4673 GBP 4.4677 GBP 4.4681 GBP 4.4708 GBP 4.4711 GBP 4.4721 GBP 4.4781 GBP 4.4861 GBP 6.1959 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