15th Jan 2018 11:39
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: | 12 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 | 53,396,852
49,760,326 | 4.3300
4.3240 | 3.9800
3.9453 |
(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 | 22,792 60,000 89,003 32,110 47,785 19,261 36,647 41,453 10,827 49,981 25,845 1,565 689 497 211,528 1,013,933 50,294 130,663 34,747 12,642 4,068 5,296 9,702 351 1,502 13,356 63,944 8,485 200 57,671 17,300 77,479 60,800 93,054 40,000
6,855 3,130 3,743 9,460 11,366 44,250 2,753 247 87 6,127 21,237 11,452 318 23,165 167 2,449 119 1,255 86,602 1,308,097 2,311 161,011 34,417 4,569 7,164 42,325 345 287 10,801 141,900 17,129 71,778 121 177 | 3.9735 GBP 3.9761 GBP 3.9968 GBP 3.9982 GBP 4.0103 GBP 4.0300 GBP 4.0520 GBP 4.0722 GBP 4.0765 GBP 4.0766 GBP 4.1328 GBP 4.1448 GBP 4.1595 GBP 4.1600 GBP 4.1611 GBP 4.1644 GBP 4.1659 GBP 4.1664 GBP 4.1718 GBP 4.1747 GBP 4.1794 GBP 4.1802 GBP 4.1813 GBP 4.1850 GBP 4.1854 GBP 4.1869 GBP 4.1904 GBP 4.1923 GBP 4.1930 GBP 4.1939 GBP 4.1955 GBP 4.1963 GBP 4.1995 GBP 4.1997 GBP 5.3853 USD
4.0509 GBP 4.0651 GBP 4.0748 GBP 4.0892 GBP 4.1031 GBP 4.1276 GBP 4.1314 GBP 4.1321 GBP 4.1353 GBP 4.1455 GBP 4.1458 GBP 4.1490 GBP 4.1598 GBP 4.1602 GBP 4.1654 GBP 4.1657 GBP 4.1658 GBP 4.1700 GBP 4.1702 GBP 4.1703 GBP 4.1708 GBP 4.1711 GBP 4.1731 GBP 4.1735 GBP 4.1758 GBP 4.1764 GBP 4.1801 GBP 4.1867 GBP 4.1872 GBP 4.1937 GBP 4.1943 GBP 4.2002 GBP 4.2003 GBP 4.2005 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) |
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: | 15 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