2nd Apr 2025 11:59
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: | 1 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 | 1,076,001
528,587 | 1.4660 GBP
1.4660 GBP | 1.3641 GBP
1.2650 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
| 14,502 22,635 18,965 502 4 23,816 14 21 97,725 16,007 44 57,212 2 221,160 148 80 76 37,805 16,713 2,888 44 12,373 28,237 27 10 26
5,281 1,316 298
640 42,150 227 14,285 11,338
26,100 2,523 9,680 1,917 3,094 14,686 2,584 9,208 468 4,000 | 1.3783 GBP 1.3915 GBP 1.4008 GBP 1.4228 GBP 1.4320 GBP 1.4331 GBP 1.4340 GBP 1.4360 GBP 1.4392 GBP 1.4411 GBP 1.4420 GBP 1.4429 GBP 1.4440 GBP 1.4447 GBP 1.4460 GBP 1.4480 GBP 1.4500 GBP 1.4510 GBP 1.4520 GBP 1.4522 GBP 1.4540 GBP 1.4551 GBP 1.4557 GBP 1.4560 GBP 1.4580 GBP 1.4640 GBP
1.2850 GBP 1.4482 GBP 1.4520 GBP
1.3140 GBP 1.3784 GBP 1.4479 GBP 1.4512 GBP 1.4516 GBP
1.4034 GBP 1.4165 GBP 1.4223 GBP 1.4332 GBP 1.4333 GBP 1.4420 GBP 1.4463 GBP 1.4500 GBP 1.4506 GBP 1.4520 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: | 2 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