1st Nov 2018 17:11
AMENDMENT
INCREASED EQUITY PURCHASES BY 7,097,373 TO 16,899,366
ADDED EQUITY SWAP SALES OF 7,097,373
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 | Intu Properties PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor to a consortium comprising The Peel Group, The Olayan Group and funds or vehicles which are managed or advised by Brookfield Property Group |
(d) Date dealing undertaken: | 23 October 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" | 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
|
Ordinary Share | Purchases
Sales | 10,049,480 6,849,886
5,426,307 | 2.0200 GBP 37.8476 ZAR
2.0080 GBP | 1.9412 GBP 36.1098 ZAR
1.9335 GBP |
Convertible Bond | Purchases
Sales | 4,000,000
5,000,000 | 97.0000 GBP
97.1500 GBP | 97.0000 GBP
97.1500 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
|
Ordinary Share | Equity Swap
| Long
Short | 46,906 2,478 63,669 67,049 568 1,196,624 1,302,523 34,902 6,302 1,456,000 38,417 30,490 405,382 15,050 2,204 2,368,893 714,162 1,489 32,938 4,044
3,332 1,567 1,013 5,174 33,710 247,858 12,410 63 187,257 425,169 1,000 35,033 999 9,124 90,835 28,097 169,751 15,105 13,885 931 36,949 16,418 55,494 2,640 4,274 13,802 15,540 97,530 1,387 150,383 31,176 4,300,000 2,187 2,368,893 4,000,000 1,982,645 23,566 532,918 1,120 1,679 11,783 3,700 238 14,876 32,938 124,282 5,533 4,867,241 | 1.9506 GBP 1.9510 GBP 1.9514 GBP 1.9515 GBP 1.9520 GBP 1.9588 GBP 1.9613 GBP 1.9631 GBP 1.9823 GBP 1.9837 GBP 1.9845 GBP 1.9862 GBP 1.9888 GBP 1.9978 GBP 2.0079 GBP 2.0150 GBP 36.3450 ZAR 36.4000 ZAR 36.5735 ZAR 36.8738 ZAR
1.9394 GBP 1.9411 GBP 1.9495 GBP 1.9500 GBP 1.9510 GBP 1.9515 GBP 1.9516 GBP 1.9522 GBP 1.9525 GBP 1.9536 GBP 1.9558 GBP 1.9559 GBP 1.9565 GBP 1.9570 GBP 1.9571 GBP 1.9574 GBP 1.9579 GBP 1.9582 GBP 1.9596 GBP 1.9597 GBP 1.9622 GBP 1.9684 GBP 1.9689 GBP 1.9811 GBP 1.9818 GBP 1.9827 GBP 1.9842 GBP 1.9863 GBP 1.9899 GBP 1.9910 GBP 1.9924 GBP 2.0000 GBP 2.0011 GBP 2.0150 GBP 2.0200 GBP 36.1098 ZAR 36.2351 ZAR 36.2724 ZAR 36.3153 ZAR 36.3161 ZAR 36.3277 ZAR 36.3495 ZAR 36.3500 ZAR 36.3829 ZAR 36.5735 ZAR 36.6811 ZAR 36.7474 ZAR 37.8476 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) |
|
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: | 01 November 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:
INTU.L