26th Mar 2018 11:05
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 & Advisor to Hammerson Plc |
(d) Date dealing undertaken: | 23 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 & Klepierre S.A.
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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 | 1,832,805
2,594,301 | 5.5280
5.5340 | 5.4770
5.4800 |
(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
| 4,742 221 25,481 9,156 7,900 5,743 105,038 5,598 17,203 61,346 28,094 49,094 109,540 289,484 12,481 4,116 17,894 90,223 69,028 1,772 2,919 8,706 1,816 26 2,649 2,923 59,350 2,190 33,601 777 600 59 17,943 99,575
8,732 39,817 620 1,081 64,762 15,176 6,253 20,191 1,455 6,257 10,902 4,171 46,380 33,922 478 59,545 57,973 | 5.4846 GBP 5.4858 GBP 5.4868 GBP 5.4892 GBP 5.4899 GBP 5.4910 GBP 5.4911 GBP 5.4919 GBP 5.4922 GBP 5.4929 GBP 5.4932 GBP 5.4933 GBP 5.4934 GBP 5.4935 GBP 5.4940 GBP 5.4941 GBP 5.4947 GBP 5.4950 GBP 5.4953 GBP 5.4961 GBP 5.4996 GBP 5.5001 GBP 5.5004 GBP 5.5040 GBP 5.5098 GBP 5.5102 GBP 5.5109 GBP 5.5111 GBP 5.5118 GBP 5.5119 GBP 5.5199 GBP 5.5258 GBP 91.1911 ZAR 91.2304 ZAR
5.4891 GBP 5.4896 GBP 5.4905 GBP 5.4909 GBP 5.4918 GBP 5.4931 GBP 5.4933 GBP 5.4940 GBP 5.4943 GBP 5.4948 GBP 5.4966 GBP 5.4969 GBP 5.4975 GBP 5.4983 GBP 5.5124 GBP 91.1848 ZAR 91.2706 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) |
(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) |
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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
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(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
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| Date of disclosure: | 26 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