29th Jan 2018 17:28
AMENDMENT
INCREASED EQUITY PURCASES BY 298,000 TO 19,322,863
DECREASED EQUITY SALES BY 1,547,765 TO 14,668,276
ADDED EQUITY SWAP PURCHASES OF 1,492,019
ADDED EQUITY SWAP SALES OF 3,033,090
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: | 12 January 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" | Yes, 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 | 19,322,863
14,668,276 | 2.4050
2.3910 | 2.1490
2.2000 |
(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 (GBP) |
Ordinary Shares | Equity Swaps | Long
Short | 3,712 49,888 524,432 3,157 1,545 215,423 2,730 31,371 35,100 10,452 650 950 6,140 29,137 393,899 2,235 133,533 276,611 137,302 11,903 5 96,647 532,997 61,578 179,000 56,175 8,703 298,000 585 2,083 4,560 322
85 963 5,330 18,670 6,567 20,538 2,464 70,000 2,836 400 814,637 14,428 99,964 88,213 4,619 103,281 33,990 7,882 121,576 1,007,921 22,176 932,771 1,120 16,375 58,174 8,997 266,710 31,290 9,076 200,494 57,485 44,309 1,000 50,000 171,723 179,000 442 599,285 43,444 100,000 743,643 | 2.2396 2.2518 2.2550 2.2551 2.2580 2.2586 2.2595 2.2616 2.2622 2.2623 2.2626 2.2629 2.2643 2.2646 2.2657 2.2662 2.2681 2.2695 2.2718 2.2741 2.2748 2.2749 2.2750 2.3281 2.3302 2.3341 2.3356 2.3493 2.3570 2.3698 2.3773 2.3985
2.1500 2.2191 2.2440 2.2447 2.2472 2.2506 2.2508 2.2514 2.2520 2.2524 2.2537 2.2556 2.2557 2.2558 2.2615 2.2625 2.2641 2.2647 2.2660 2.2694 2.2709 2.2751 2.2752 2.2786 2.2805 2.2850 2.2897 2.2909 2.2961 2.2967 2.2990 2.2992 2.3010 2.3020 2.3108 2.3234 2.3300 2.3352 2.3402 2.3647 2.3840 |
(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: | 29 January 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