29th Jan 2018 11:48
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: | 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: | 26 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 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 | Lowest price per unit paid/received |
Ordinary Shares | Purchases
Sales | 729,494
1,673,585 48,371 | 5.0000 GBP
4.9951 GBP 82.6676 ZAR | 4.9190 GBP
4.9200 GBP 82.6676 ZAR |
(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 | 407 417 432 420 899 127 1,150,000 7,959 5,541 2,943 36,579 3,451 85,296 75,575 83,836 4,713 18,416 16,864 2,783 3,688 3,348 3,193 431 5,249 500 24,378 27,952 14,190 27,753 1,905 17,110 23,571 894 48,371 815 48,371
1 1,304 1,550 6,834 679 200 1,697 17,778 10,443 2,927 5,295 4,935 2,585 21,163 14,977 3,388 28,495 100,293 1,422 27,834 11,130 869 18,111 32,935 86,300 13,931 800 815 48,371 | 4.9220 GBP 4.9224 GBP 4.9260 GBP 4.9293 GBP 4.9415 GBP 4.9420 GBP 4.9460 GBP 4.9499 GBP 4.9540 GBP 4.9552 GBP 4.9605 GBP 4.9616 GBP 4.9617 GBP 4.9618 GBP 4.9646 GBP 4.9647 GBP 4.9659 GBP 4.9680 GBP 4.9684 GBP 4.9689 GBP 4.9728 GBP 4.9748 GBP 4.9765 GBP 4.9773 GBP 4.9780 GBP 4.9782 GBP 4.9788 GBP 4.9832 GBP 4.9847 GBP 4.9865 GBP 4.9875 GBP 4.9930 GBP 4.9949 GBP 82.6676 ZAR 83.2550 ZAR 83.5492 ZAR
4.9240 GBP 4.9272 GBP 4.9296 GBP 4.9301 GBP 4.9318 GBP 4.9323 GBP 4.9335 GBP 4.9385 GBP 4.9395 GBP 4.9405 GBP 4.9425 GBP 4.9442 GBP 4.9447 GBP 4.9475 GBP 4.9497 GBP 4.9511 GBP 4.9512 GBP 4.9545 GBP 4.9561 GBP 4.9580 GBP 4.9618 GBP 4.9620 GBP 4.9621 GBP 4.9636 GBP 4.9708 GBP 4.9725 GBP 4.9815 GBP 83.2550 ZAR 83.5517 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 | Purchasing | 72 | 4.45 | European | 29/03/2018 | 0.0544 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
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(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: | 29 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. 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