3rd May 2023 11:22
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: | 27 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 | 3,321,909
2,951,100 | 3.8800 GBP
3.8770 GBP | 3.8500 GBP
3.8593 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
| 40,417 2,368 116 30,338 1,848 26,444
14,772 3,593 540 5,217 16,201 160,034 1,264 2,161 5,938 15,397 903 9 487 65
214 39,483 33,517 372 81,206 12,785 1,587 47 5,772
983 3,330 101,365 7,179 30,399 155,268 8,965 1,824 67,812 17,567 751 29,300 2,276 82,788 | 3.8636 GBP 3.8643 GBP 3.8664 GBP 3.8680 GBP 3.8689 GBP 3.8692 GBP
3.8598 GBP 3.8599 GBP 3.8608 GBP 3.8620 GBP 3.8655 GBP 3.8660 GBP 3.8663 GBP 3.8669 GBP 3.8673 GBP 3.8685 GBP 3.8698 GBP 3.8700 GBP 3.8719 GBP 3.8740 GBP
3.8599 GBP 3.8633 GBP 3.8652 GBP 3.8657 GBP 3.8660 GBP 3.8668 GBP 3.8678 GBP 3.8680 GBP 3.8720 GBP
3.8601 GBP 3.8610 GBP 3.8624 GBP 3.8646 GBP 3.8662 GBP 3.8667 GBP 3.8671 GBP 3.8683 GBP 3.8689 GBP 3.8700 GBP 3.8701 GBP 3.8704 GBP 3.8708 GBP 3.8758 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 |
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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) |
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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: | 03 May 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:
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