18th Jan 2018 10:48
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: | UBS Investment Bank, London |
(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: | Melrose Industries plc |
(d) Date dealing undertaken: | 17 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 | Lowest price per unit paid/received |
10p ordinary | Buy
| 24,198,338 | 4.49100 GBP | 4.295648 GBP |
10p ordinary | Sell
| 14963008 | 4.49100 GBP | 4.39 GBP |
(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 |
10p ordinary | CFD
| Long | 520 | 4.4369 GBP |
10p ordinary | CFD
| Long | 198226 | 4.441 GBP |
10p ordinary | CFD
| Long | 30000 | 4.44586487 GBP |
10p ordinary | CFD
| Long | 200 | 4.44879 GBP |
10p ordinary | CFD
| Long | 3063 | 4.42051615 GBP |
10p ordinary | CFD
| Long | 90286 | 4.43634 GBP |
10p ordinary | CFD
| Long | 21700 | 4.447874 GBP |
10p ordinary | CFD
| Long | 2108 | 4.434839 GBP |
10p ordinary | CFD
| Short | 45000 | 4.45463 GBP |
10p ordinary | CFD
| Short | 729897 | 4.428933 GBP |
10p ordinary | CFD
| Short | 439456 | 4.4221 GBP |
10p ordinary | CFD
| Short | 372397 | 4.295648 GBP |
10p ordinary | CFD
| Short | 6885 | 4.47299491648511 GBP |
10p ordinary | CFD
| Short | 22654 | 4.43188620111239 GBP |
10p ordinary | CFD
| Short | 300000 | 4.447968 GBP |
10p ordinary | CFD
| Short | 3700000 | 4.417491 GBP |
10p ordinary | CFD
| Short | 1000000 | 4.439219 GBP |
10p ordinary | CFD
| Short | 704526 | 4.425512 GBP |
10p ordinary | CFD
| Short | 1000000 | 4.415207 GBP |
10p ordinary | CFD
| Short | 1000000 | 4.438218 GBP |
10p ordinary | CFD
| Short | 240000 | 4.44931387 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 | 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: | 18 January 2018 |
| Contact name: | Wendy Dent |
| Telephone number: | +44 (0)207 568 1245 |
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 PLCMelrose