24th Feb 2020 10:49
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 | Northgate plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial adviser to Redde plc |
(d) Date dealing undertaken: | 21 February 2020 |
(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, Redde 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 | Lowest price per unit paid/received |
Ordinary Share | Purchase
Sale | 149,534
178,281 | 2.8800 GBP
2.8712 GBP | 2.8000 GBP
2.7950 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 |
Ordinary Share | Equity Swap | Long
Short
| 56,132 968 1,692 1,556 4,254 450 1,366 3,346 1,103 18,055 3,528 13,917 5,271 16,724 1,834 2,268,473 14,231
44,948 221,298 158,544 17,777 6,131 920,862 963,392 60 1,110 1,248 170 28,542 1,127 3,208 19,949 6,309 1,834 2,268,473 2,434 960 6,249 84,107 856,702 135,200 22,542 3,119 1,296 | 2.7520 GBP 2.8019 GBP 2.8061 GBP 2.8077 GBP 2.8094 GBP 2.8099 GBP 2.8143 GBP 2.8175 GBP 2.8187 GBP 2.8199 GBP 2.8200 GBP 2.8251 GBP 2.8277 GBP 2.8514 GBP 2.8548 GBP 2.8550 GBP 2.8704 GBP
2.7131 GBP 2.7274 GBP 2.7293 GBP 2.7416 GBP 2.7430 GBP 2.7446 GBP 2.7566 GBP 2.8000 GBP 2.8001 GBP 2.8052 GBP 2.8053 GBP 2.8085 GBP 2.8124 GBP 2.8179 GBP 2.8200 GBP 2.8211 GBP 2.8548 GBP 2.8550 GBP 2.8552 GBP 2.8579 GBP 2.8613 GBP 2.8615 GBP 2.8618 GBP 2.8629 GBP 2.8845 GBP 3.0557 GBP 3.0580 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 |
Ordinary Share |
(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: | 24 February 2020 |
| 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:
REDD.L