7th Dec 2017 11:44
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: | Corporate Broker & Financial Advisor to Hammerson Plc |
(d) Date dealing undertaken: | 06 December 2017 |
(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 Hammerson 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 | 18,221,830 575
5,321,581 575 | 2.4120 GBP 36.2100 ZAR
2.4000 GBP 36.2100 ZAR | 2.2601 GBP 36.2100 ZAR
2.2610 GBP 36.2100 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
| 33,110 24,060 78,843 6,793 2,784 12,414 79,962 1,665 3,857 4,108 34,635 2,603 2,669 204,537 16,220 575,521 20,212 34,580 388 453,837 5,424 6,655 33,047 2,055 1,979 61,100 253,282 2,792 597 36,210 524,182 2,480 105,462 19,603 1,374 32,264 1,355 1,250,000 834 5,000 12,780 175,404 488,733 224,540 5,657
2,189 122,114 2,639 6,800 33,300 3,566 416,278 39 43,002 9,845 7,941 3,831 71,332 84,269 2,377 448,188 11,809 5,302 41,011 2,252 4,054 36,547 128,334 2,495 121,358 17,184 3,092 1,721 2 54,313 69,880 7,930 1,960,000 81 62,750 1,708 9,190 1,455 1,668 12,780 175,404 713,273 3,800 1,857 | 2.2608 GBP 2.2609 GBP 2.2661 GBP 2.2685 GBP 2.2999 GBP 2.3188 GBP 2.3200 GBP 2.3211 GBP 2.3217 GBP 2.3264 GBP 2.3281 GBP 2.3286 GBP 2.3293 GBP 2.3326 GBP 2.3419 GBP 2.3420 GBP 2.3443 GBP 2.3502 GBP 2.3514 GBP 2.3519 GBP 2.3524 GBP 2.3557 GBP 2.3561 GBP 2.3563 GBP 2.3582 GBP 2.3606 GBP 2.3636 GBP 2.3660 GBP 2.3686 GBP 2.3689 GBP 2.3703 GBP 2.3709 GBP 2.3721 GBP 2.3753 GBP 2.3780 GBP 2.3781 GBP 2.3819 GBP 2.3845 GBP 2.3859 GBP 2.3910 GBP 42.4271 ZAR 42.4745 ZAR 42.7491 ZAR 43.1912 ZAR 43.4499 ZAR
2.2601 GBP 2.2688 GBP 2.2894 GBP 2.2911 GBP 2.2973 GBP 2.3049 GBP 2.3095 GBP 2.3271 GBP 2.3298 GBP 2.3300 GBP 2.3312 GBP 2.3329 GBP 2.3337 GBP 2.3380 GBP 2.3383 GBP 2.3390 GBP 2.3402 GBP 2.3407 GBP 2.3409 GBP 2.3411 GBP 2.3420 GBP 2.3441 GBP 2.3460 GBP 2.3464 GBP 2.3481 GBP 2.3489 GBP 2.3501 GBP 2.3505 GBP 2.3510 GBP 2.3512 GBP 2.3516 GBP 2.3523 GBP 2.3536 GBP 2.3537 GBP 2.3575 GBP 2.3611 GBP 2.3615 GBP 2.3756 GBP 2.3789 GBP 42.4271 ZAR 42.4758 ZAR 42.8896 ZAR 43.2300 ZAR 43.9000 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) |
Convertible Bond 2022 | Convertible Bond Convertible Bond Convertible Bond
Convertible Bond Convertible Bond Convertible Bond Convertible Bond | Purchase Purchase Purchase
Selling Selling Selling Selling | 6,000,000 2,000,000 10,200,000
2,000,000 2,300,000 1,000,000 2,000,000 | 3.7506 3.7506 3.7506
3.7506 3.7506 3.7506 3.7506 | 01/11/2022 01/11/2022 01/11/2022
01/11/2022 01/11/2022 01/11/2022 01/11/2022
| 100.0000 100.0500 100.3500
100.2500 100.3000 100.3750 100.5000 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
Ordinary Shares |
(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) |
|
(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: | 07 December 2017 |
| Contact name: | Evangelos Galiatsatos |
| Telephone number: | 020 7742 6148 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. 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