18th Apr 2023 15:26
AMENDMENT
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 | Network International Holdings plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor and corporate broker to Network International Holdings PLC |
(d) Date dealing undertaken: | 13 April 2023 |
(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 |
10p ordinary | Purchase
Sale | 3,200,996
1,479,357 | 3.1230 GBP
3.1480 GBP | 2.3360 GBP
2.4500 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 |
10p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position
| 1,061 377 156,002 6,841 23,965 171,697 1,115 429,944 100,000 156,003 150,000 250,000 52
775 3,433 4,448 28 2,463 315 1,846 2,224 282 665 4,167 2,815 9,495 2,062 101,543 404 3,846 116 901 9,843 2,535 327 5,488 14,689 48,163 74,000 54,488 34,166 4,196 1,601 458 70,000 687
8,193 10,478 907
300,000 50 1,413 3,788 1 1,037 475 2,011 1,887 3,041 52,000 30,897 16,305 2,065 141,571 1,302 7,034 15,741 479 50,506 34,554 27,709 44,000 10,173 332 797 732 22,991 1,796 2,819 369 25,098 95 1,656 1,176 3,507 265 265 330 4,631 687
7,450 24,000
25,000 7,450 30,705 24,563 7,692 122,809 | 2.7295 GBP 2.7299 GBP 2.7616 GBP 2.7729 GBP 2.8112 GBP 2.8631 GBP 2.9962 GBP 3.0004 GBP 3.0195 GBP 3.0213 GBP 3.0215 GBP 3.0365 GBP 3.1100 GBP
2.4575 GBP 2.4600 GBP 2.4665 GBP 2.4740 GBP 2.6066 GBP 2.6073 GBP 2.7338 GBP 2.7622 GBP 2.7637 GBP 2.7995 GBP 2.8002 GBP 2.8070 GBP 2.8171 GBP 2.8180 GBP 2.8259 GBP 2.8319 GBP 2.8368 GBP 2.8462 GBP 2.8463 GBP 2.8537 GBP 2.8674 GBP 2.8680 GBP 2.8977 GBP 2.9070 GBP 2.9246 GBP 2.9250 GBP 2.9922 GBP 2.9999 GBP 3.0000 GBP 3.0095 GBP 3.0199 GBP 3.0220 GBP 3.0920 GBP
2.7996 GBP 3.0006 GBP 3.0066 GBP
2.3360 GBP 2.4481 GBP 2.4500 GBP 2.4505 GBP 2.4560 GBP 2.4574 GBP 2.4620 GBP 2.4639 GBP 2.4700 GBP 2.4757 GBP 2.7976 GBP 2.8348 GBP 2.8614 GBP 2.9304 GBP 2.9759 GBP 2.9875 GBP 2.9946 GBP 2.9947 GBP 2.9954 GBP 3.0000 GBP 3.0001 GBP 3.0006 GBP 3.0064 GBP 3.0102 GBP 3.0103 GBP 3.0106 GBP 3.0124 GBP 3.0125 GBP 3.0127 GBP 3.0145 GBP 3.0149 GBP 3.0168 GBP 3.0187 GBP 3.0188 GBP 3.0208 GBP 3.0209 GBP 3.0210 GBP 3.0346 GBP 3.0381 GBP 3.0564 GBP 3.0920 GBP
2.9471 GBP 2.9519 GBP
2.8407 GBP 2.8461 GBP 3.0015 GBP 3.0045 GBP 3.0166 GBP 3.0577 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: | 18 April 2023 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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:
NETW.L