26th Apr 2024 10:49
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 | International Distributions Services plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial adviser to EP Corporate Group a.s |
(d) Date dealing undertaken: | 25 April 2024 |
(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" | N/A |
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 |
1p ordinary | Purchase
Sale | 515,750
445,810 | 2.8320 GBP
2.8300 GBP | 2.7400 GBP
2.7292 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 |
1p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
| 22,049 8,578 179 1,130 78,568 1,220 55 1,974 416
8,961 1,000 45 7,701 5,104 1,039 22,217 112 4,949 5,136 133 3,310 2,669 6,174 17,957 4,261
16,024 53,148 13,929 1,940 1,914 1,672 64 836
2,701 44,522 2,169 2,021 8 15 45 17,568 18,393 22,448 54,200 4,101 149 3 | 2.7401 GBP 2.7475 GBP 2.7501 GBP 2.7634 GBP 2.7635 GBP 2.8051 GBP 2.8201 GBP 2.8220 GBP 2.8260 GBP
2.7397 GBP 2.7398 GBP 2.7400 GBP 2.7427 GBP 2.7469 GBP 2.7481 GBP 2.7570 GBP 2.7617 GBP 2.7624 GBP 2.7684 GBP 2.7685 GBP 2.7686 GBP 2.7819 GBP 2.7835 GBP 2.8044 GBP 2.8236 GBP
2.7400 GBP 2.7405 GBP 2.7599 GBP 2.7665 GBP 2.7679 GBP 2.7717 GBP 2.7820 GBP 2.7878 GBP
2.7400 GBP 2.7403 GBP 2.7466 GBP 2.7506 GBP 2.7523 GBP 2.7579 GBP 2.7600 GBP 2.7732 GBP 2.7734 GBP 2.7813 GBP 2.7893 GBP 2.8214 GBP 2.8234 GBP 2.8250 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 |
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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) |
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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 April 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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:
International Distributions Services