9th Apr 2025 11:23
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 | Serica Energy plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Enquest Plc |
(d) Date dealing undertaken: | 8 April 2025 |
(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 , EnQuest 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 |
USD 0.10 ordinary | Purchase
Sale | 285,115
450,358 | 1.2790 GBP
1.2780 GBP | 1.2310 GBP
1.2240 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 |
USD 0.10 ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
| 11,839 23,272 1,228 53,658 12,966 2,764 3,071 17 918 5,889
8,527 72,606 1,336
4,419 30,556 4,523 1,407 2,806 2,076 4,183 12,134 97,053 20,982 40,388 35,056 2,682
3,457 4,504 24,666 1,850 4,714 13,288 7,720 | 1.2380 GBP 1.2431 GBP 1.2437 GBP 1.2480 GBP 1.2487 GBP 1.2495 GBP 1.2510 GBP 1.2536 GBP 1.2661 GBP 1.2675 GBP
1.2385 GBP 1.2491 GBP 1.2553 GBP
1.2364 GBP 1.2376 GBP 1.2380 GBP 1.2399 GBP 1.2420 GBP 1.2446 GBP 1.2461 GBP 1.2482 GBP 1.2505 GBP 1.2512 GBP 1.2557 GBP 1.2568 GBP 1.2570 GBP
1.2380 GBP 1.2465 GBP 1.2484 GBP 1.2485 GBP 1.2503 GBP 1.2510 GBP 1.2555 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: | 9 April 2025 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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:
Serica Energy