1st Feb 2021 11:47
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 | Marston's plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | JPM is acting as corporate broker to Marston's Plc |
(d) Date dealing undertaken: | 29 January 2021 |
(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 | Purchase
Sale | 2,951,596
1,988,883 | 0.9229 GBP
0.9374 GBP | 0.7270 GBP
0.7065 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
| Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position
| 10,354 650 5,365 639 110,757 134 1,020 4,120 421,482 153,220 9,323 45,664
405,509 13,819 28,962 13,190 20,000 7,854
37,891 42,640 12,932
17,900 18,339 47,947 76,341 29,038 566 47,493 30,000 179 13,714 25,637 37,613 4,717 109 15
177,597 2,103 118,082 20,000 2,751 1,640 31,461 2,103 2,508 5,491 62,717 7,644
1,255 233,858 4,755 110,000 85,609 3,800 44,000 5,578 76,255 154,000 44,000 2,987 55,000 20,000 | 0.7462 GBP 0.8119 GBP 0.8152 GBP 0.8177 GBP 0.8230 GBP 0.8231 GBP 0.8290 GBP 0.8376 GBP 0.8403 GBP 0.8547 GBP 0.8771 GBP 0.8880 GBP
0.7355 GBP 0.8208 GBP 0.8230 GBP 0.8430 GBP 0.8515 GBP 0.8527 GBP
0.7209 GBP 0.8200 GBP 0.9241 GBP
0.7681 GBP 0.7773 GBP 0.7983 GBP 0.8196 GBP 0.8230 GBP 0.8341 GBP 0.8460 GBP 0.8485 GBP 0.8495 GBP 0.8592 GBP 0.8598 GBP 0.8616 GBP 0.8640 GBP 0.8716 GBP 0.8745 GBP
0.8230 GBP 0.8340 GBP 0.8422 GBP 0.8430 GBP 0.8517 GBP 0.8605 GBP 0.8616 GBP 0.8635 GBP 0.8650 GBP 0.8655 GBP 0.8672 GBP 0.8708 GBP
0.7723 GBP 0.8230 GBP 0.8380 GBP 0.8450 GBP 0.8453 GBP 0.8515 GBP 0.8614 GBP 0.8640 GBP 0.8648 GBP 0.8652 GBP 0.8654 GBP 0.8655 GBP 0.8719 GBP 0.8765 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 |
|
(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) |
|
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: | 1 February 2021 |
| 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:
Marstons