15th Apr 2025 11:12
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: | 14 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 | 152,071
424,924 | 1.2514 GBP
1.2514 GBP | 1.2020 GBP
1.2077 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
| 3,899 29,004 23,247 1,615 2,182 774
5,798 47,500 1,610
29 3,464 531 2,166 169 49,649 26,500 6,294 815 5,382 16,286 11,143 62,883 13,986 93,319 538 6,796 1,130
429 3,033 3,270 10,591 16 5,369 | 1.2100 GBP 1.2161 GBP 1.2168 GBP 1.2263 GBP 1.2316 GBP 1.2344 GBP
1.2100 GBP 1.2222 GBP 1.2353 GBP
1.2077 GBP 1.2095 GBP 1.2100 GBP 1.2110 GBP 1.2120 GBP 1.2182 GBP 1.2253 GBP 1.2255 GBP 1.2265 GBP 1.2266 GBP 1.2269 GBP 1.2290 GBP 1.2293 GBP 1.2307 GBP 1.2328 GBP 1.2436 GBP 1.2451 GBP 1.2501 GBP
1.2020 GBP 1.2175 GBP 1.2229 GBP 1.2278 GBP 1.2293 GBP 1.2334 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: | 15 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