9th Mar 2018 17:28
AMENDMENT
INCREASED EQUITY SALES BY 884,460 TO 5,959,737
ADDED EQUITY SWAP PURCHASES OF 884,460
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: | 06 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 | 1,180,679
5,959,737 | 4.3370
4.3250 | 4.2110
4.2108 |
(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 | 8,040 172,713 431 60 36,810 4,047 333 4,283 13,956 12,408 4,203 24,783 480 771 2,372 28 1,532 3,500,000 99 5,225 24,496 50 484 18 1,002 172 3 2,864 846 58,364 220 677 3,531 226,866 150 7,910 898 16 514 1,667 884,460
20,347 813 5,031 3,920 41,527 5,640 138,766 16,141 264 8,184 3,815 32,735 | 4.2108 GBP 4.2110 GBP 4.2308 GBP 4.2342 GBP 4.2359 GBP 4.2371 GBP 4.2389 GBP 4.2424 GBP 4.2457 GBP 4.2461 GBP 4.2476 GBP 4.2479 GBP 4.2481 GBP 4.2490 GBP 4.2494 GBP 4.2495 GBP 4.2503 GBP 4.2530 GBP 4.2545 GBP 4.2547 GBP 4.2564 GBP 4.2573 GBP 4.2592 GBP 4.2606 GBP 4.2607 GBP 4.2636 GBP 4.2646 GBP 4.2648 GBP 4.2692 GBP 4.2697 GBP 4.2704 GBP 4.2709 GBP 4.2729 GBP 4.2739 GBP 4.2743 GBP 4.2744 GBP 4.2785 GBP 4.2795 GBP 4.2821 GBP 4.2823 GBP 5.8592 USD
4.2110 GBP 4.2249 GBP 4.2250 GBP 4.2316 GBP 4.2366 GBP 4.2394 GBP 4.2536 GBP 4.2546 GBP 4.2607 GBP 4.2641 GBP 4.2748 GBP 4.2762 GBP |
(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: | 09 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