16th Mar 2018 10:13
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 | Hammerson Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker & Financial Advisor to Hammerson Plc |
(d) Date dealing undertaken: | 15 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 Intu Properties 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 | 2,656,803
2,669,900 | 4.3824
4.3820 | 4.3040
4.3070 |
(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
| 1,488 558 2,271 705 5,895 12,500 72 33,529 2,155 132,302 432 1,664 14,879 2,992 35,868 15,357 48,332 4,822 107,525 104,189 31,347 5,873 6,383 4,073 21,627 3,619 1,864 51,249 234,571 1,051 4,645 18,819
38,506 2,035 750 10,620 11,660 20,081 48,970 673 142,131 3,220 48,728 13,519 11,937 144,140 4,082 2,195 3,049 24,449 863 2,381 22,775 2,247 38,878 13,271 1,474 23,893 16,640 10,647 30,409 2,956 2,956 1,044 4,048 115,775 4,773 114,023 5,696 18,819 | 4.3084 GBP 4.3099 GBP 4.3123 GBP 4.3169 GBP 4.3274 GBP 4.3290 GBP 4.3309 GBP 4.3311 GBP 4.3314 GBP 4.3315 GBP 4.3319 GBP 4.3345 GBP 4.3363 GBP 4.3381 GBP 4.3388 GBP 4.3413 GBP 4.3435 GBP 4.3438 GBP 4.3440 GBP 4.3474 GBP 4.3504 GBP 4.3577 GBP 4.3581 GBP 4.3621 GBP 4.3624 GBP 4.3672 GBP 4.3681 GBP 4.3684 GBP 71.6462 ZAR 71.9684 ZAR 71.9943 ZAR 71.9977 ZAR
4.3093 GBP 4.3109 GBP 4.3111 GBP 4.3135 GBP 4.3143 GBP 4.3158 GBP 4.3164 GBP 4.3277 GBP 4.3291 GBP 4.3300 GBP 4.3307 GBP 4.3312 GBP 4.3332 GBP 4.3347 GBP 4.3364 GBP 4.3384 GBP 4.3416 GBP 4.3434 GBP 4.3441 GBP 4.3443 GBP 4.3452 GBP 4.3476 GBP 4.3485 GBP 4.3490 GBP 4.3491 GBP 4.3492 GBP 4.3499 GBP 4.3511 GBP 4.3535 GBP 4.3560 GBP 4.3564 GBP 4.3820 GBP 4.3824 GBP 71.3186 ZAR 71.8980 ZAR 71.9728 ZAR 71.9896 ZAR 71.9998 ZAR |
(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) |
Ordinary Shares | Put Option | Purchase | 1,041 | 3.910 | American | 29/06/2018 | 0.0656 |
(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: | 16 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:
Hammerson