25th Apr 2023 11:01
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: | 24 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 | 3,820,054
2,924,717 | 4.0000 GBP
3.9474 GBP | 3.9040 GBP
3.9036 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
| 1,107 820 15,337 12,258
6,752 63,657 10,354 48,142 23,000 48,116 43,680 1,687 66,884 10,061 6,498
1,747 12,176 2
6,924 155,195 900,000 2
140 166,385 595 2,470 4,639 23,334 2,524 1,527 9,675 20,752 15,946
208,569 28,529 1 1,698 511 6,062 962 1,516 | 3.9134 GBP 3.9174 GBP 3.9193 GBP 3.9215 GBP
3.9037 GBP 3.9040 GBP 3.9186 GBP 3.9190 GBP 3.9252 GBP 3.9293 GBP 3.9320 GBP 3.9385 GBP 3.9398 GBP 3.9449 GBP 3.9474 GBP
3.9037 GBP 3.9222 GBP 3.9419 GBP
3.9185 GBP 3.9264 GBP 3.9269 GBP 3.9340 GBP
3.9036 GBP 3.9063 GBP 3.9179 GBP 3.9247 GBP 3.9252 GBP 3.9258 GBP 3.9274 GBP 3.9284 GBP 3.9285 GBP 3.9365 GBP 3.9401 GBP
3.9040 GBP 3.9042 GBP 3.9260 GBP 3.9300 GBP 3.9301 GBP 3.9336 GBP 3.9401 GBP 3.9421 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: | 25 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:
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