12th Feb 2021 11:24
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: | 11 February 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 | 1,245,181
895,176 | 0.9025 GBP
0.9005 GBP | 0.8488 GBP
0.8502 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
| 1,867 1,183 12,198 9,236 1,094 10,000 2,279 80,141 2,451 8,821 4,338 7,173 5,795 6,326 15,386 18,985 3,647 14,429 6,829
1,718 104,893 51,700 39,780
959 15,501 10,359
2,234 906 3,483 3,352 2,231 168,458 5,324 561 3,352 57,945 1,218
2,355 984 5,164 10,548 59,688
1,840 831 4,937 864 53,323 5,164 3,498 8,282 | 0.8616 GBP 0.8646 GBP 0.8680 GBP 0.8686 GBP 0.8687 GBP 0.8692 GBP 0.8716 GBP 0.8722 GBP 0.8724 GBP 0.8725 GBP 0.8728 GBP 0.8731 GBP 0.8773 GBP 0.8776 GBP 0.8814 GBP 0.8818 GBP 0.8823 GBP 0.8824 GBP 0.8834 GBP
0.8742 GBP 0.8751 GBP 0.8781 GBP 0.8878 GBP
0.8609 GBP 0.8688 GBP 0.8707 GBP
0.8675 GBP 0.8676 GBP 0.8681 GBP 0.8685 GBP 0.8692 GBP 0.8712 GBP 0.8720 GBP 0.8728 GBP 0.8775 GBP 0.8848 GBP 0.8971 GBP
0.8600 GBP 0.8620 GBP 0.8680 GBP 0.8692 GBP 0.8753 GBP
0.8631 GBP 0.8673 GBP 0.8680 GBP 0.8719 GBP 0.8731 GBP 0.8738 GBP 0.8753 GBP 0.8796 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: | 12 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