26th Mar 2018 17:12
AMENDMENT
INCREASED EQUITY PURCHASES BY 2,365 TO 6,288,152
INCREASED EQUITY SALES BY 1,941,691 TO 9,172,822
ADDED EQUITY SWAP PURCHASES OF 2,840,223
ADDED EQUITY SWAP SALES OF 900,897
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 | Melrose Industries plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker and Financial Advisor to GKN Plc |
(d) Date dealing undertaken: | 14 March 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" | GKN 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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Shares | Purchases
Sales | 6,288,152
9,172,822 | 2.2100
2.2100 | 2.1610
2.1620 |
(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 | 169,000 3,693 5,728 4,396 10,492 706 391,532 75,239 45,803 845,000 208,067 28,368 242,266 25,624 4,346 338,000 13,582 13,094 86,842 69 8,688 150,632 5,525 71,557 3,016 6,357 31,708 108,552 511,660 391,532 705,159
13,438 42,972 36,884 210,964 22,827 3,816 4,889 28,571 2,365 1,486,052 63 391,532 | 2.1676 GBP 2.1704 GBP 2.1740 GBP 2.1805 GBP 2.1851 GBP 2.1853 GBP 2.1862 GBP 2.1905 GBP 2.1923 GBP 2.1931 GBP 2.1945 GBP 2.1949 GBP 2.1954 GBP 2.1956 GBP 2.1970 GBP 2.1971 GBP 2.1974 GBP 2.1985 GBP 2.1994 GBP 2.1997 GBP 2.2013 GBP 2.2021 GBP 2.2024 GBP 2.2051 GBP 2.2060 GBP 2.2064 GBP 2.2068 GBP 2.2069 GBP 2.2070 GBP 2.2210 GBP 3.0709 USD
2.1837 GBP 2.1943 GBP 2.1944 GBP 2.1955 GBP 2.1958 GBP 2.2012 GBP 2.2029 GBP 2.2035 GBP 2.2043 GBP 2.2070 GBP 2.2072 GBP 2.2210 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 (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: | 26 March 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:
Melrose