26th Mar 2025 10:54
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: | 25 March 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 | 309,566
245,691 | 1.2920 GBP
1.2849 GBP | 1.2473 GBP
1.2390 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
| 6,447 1,198 82,657 8,247 8,964 14,490 9,645 30,882 1,517 26,845 1,228
2,605 1,044 27,420 8,801
11 885 1,545 2,037 2,761 2,393 3,438 12,117 201 7,395 2,256 634 4,200 11,948 3,046 82,129
28,255 3,659 4,884 767 11,023 | 1.2624 GBP 1.2640 GBP 1.2691 GBP 1.2700 GBP 1.2720 GBP 1.2733 GBP 1.2749 GBP 1.2755 GBP 1.2760 GBP 1.2774 GBP 1.2778 GBP
1.2454 GBP 1.2700 GBP 1.2739 GBP 1.2782 GBP
1.2390 GBP 1.2490 GBP 1.2495 GBP 1.2529 GBP 1.2610 GBP 1.2615 GBP 1.2651 GBP 1.2685 GBP 1.2690 GBP 1.2700 GBP 1.2718 GBP 1.2719 GBP 1.2778 GBP 1.2786 GBP 1.2787 GBP 1.2791 GBP
1.2715 GBP 1.2723 GBP 1.2765 GBP 1.2815 GBP 1.2844 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: | 26 March 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