17th Jan 2018 11:30
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" | 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 | 8,362,294
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
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 | 4.3961 4.4053 4.4068 4.4106 4.4122 4.4149 4.4169 4.4190 4.4197 4.4200 4.4252 4.4265 4.4267 4.4320 4.4363 4.4389 4.4403 4.4435 4.4446 4.4464 4.4477 4.4519 4.4556 4.4557 4.4561 4.4570 4.4573 4.4578 4.4582 4.4590 4.4591 4.4594 4.4597 4.4599 4.4670
4.3800 4.4019 4.4045 4.4077 4.4079 4.4081 4.4086 4.4108 4.4115 4.4124 4.4138 4.4142 4.4154 4.4161 4.4170 4.4173 4.4200 4.4202 4.4203 4.4206 4.4211 4.4235 4.4237 4.4238 4.4242 4.4249 4.4270 4.4280 4.4286 4.4296 4.4299 4.4303 4.4305 4.4321 4.4326 4.4337 4.4360 4.4376 4.4388 4.4392 4.4413 4.4419 4.4425 4.4429 4.4481 4.4529 4.4670 4.4721 4.4741 |
(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) |
Ordinary Shares |
(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) |
|
(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: | 17 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 and must also be emailed to the Takeover Panel at [email protected]. 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