3rd Apr 2018 07:00
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: | 29 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
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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 | 27,467,446
17,733,437 | 2.3150
2.3160 | 2.2110
2.2150 |
(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 | 17,574 450 79,795 13,901 49,996 433,595 4,306 300,000 37,852 50,000 422,500 6,170 623,597 5,650 650,650 326,170 24,999 169,000 60,930 218,562
10,100 30,707 15,610 11,933 1,312 15,153 18,181 93,780 88,527 16,190 4,201 74,142 27,238 11,454 5,505 5,563 318,502 6,237 9,554 18,994 238,441 266,243 2,914 4,966 1,000,000 800,000 21,677 449,479 226,996 41,521 440,583 80,590 421,788 391,919 71,674 354,012 1,032,536 102,393 50,000 2,214,718 16,206 14,817 2,849 50,588 797,258 868,836 82,694 1,005,208 183,871 151,841 749 333,176 1,285,282 100,000 | 2.2212 2.2330 2.2332 2.2458 2.2486 2.2503 2.2580 2.2624 2.2669 2.2670 2.2677 2.2765 2.2797 2.2954 2.2971 2.2978 2.3085 2.3094 2.3099 2.3100
2.2179 2.2186 2.2194 2.2195 2.2221 2.2249 2.2251 2.2285 2.2286 2.2287 2.2315 2.2332 2.2339 2.2347 2.2348 2.2352 2.2355 2.2358 2.2369 2.2381 2.2383 2.2385 2.2406 2.2419 2.2421 2.2449 2.2466 2.2526 2.2528 2.2529 2.2611 2.2612 2.2616 2.2617 2.2618 2.2633 2.2701 2.2702 2.2776 2.2871 2.2892 2.2893 2.2894 2.2935 2.2962 2.2963 2.3083 2.3097 2.3098 2.3100 2.3102 2.3105 2.3107 2.3114 |
(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) |
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(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) |
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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
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(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
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| Date of disclosure: | 3 April 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