24th Dec 2020 11:17
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 | Signature Aviation PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker and Defence Adviser to Signature Aviation PLC |
(d) Date dealing undertaken: | 23 December 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" | N/A |
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 | 1,005,404
1,374,499 | 4.0633 GBP
4.0320 GBP | 3.9228 GBP
3.9160 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 | Opening a long position
Decrease Long
Increase Long
Increase Short
Decrease Short | 48,921
5,287 403 6,303 62,496 481 6,608 2,532 818 5,499 12,811 29,256 60,742 12,245 4,072 300 19,524 3,039 70,344 6,357 2,675 698 11,921 27,230 2,529
3,008 2,277 4,726 2,626 835 2,455 1,602 7,841 329 17,689 14,530 1,148 1,292 45,255 627 2,749 324
729 1,293 832 21 66,029 1,181 1,075 4,028 135 52,207 9,587 2,724 477 462 13,848 5,331 1,194 2,573
7,790 25,616 3,500 36,599 21,902 30,199 18,788 40,000 5,411 50,000 | 3.9837 GBP
3.9679 GBP 3.9700 GBP 3.9835 GBP 3.9858 GBP 3.9871 GBP 3.9888 GBP 3.9915 GBP 3.9935 GBP 3.9966 GBP 3.9976 GBP 3.9984 GBP 4.0000 GBP 4.0012 GBP 4.0013 GBP 4.0037 GBP 4.0038 GBP 4.0050 GBP 4.0072 GBP 4.0074 GBP 4.0083 GBP 4.0099 GBP 4.0106 GBP 4.0110 GBP 4.0235 GBP
3.9199 GBP 3.9213 GBP 3.9647 GBP 3.9712 GBP 3.9834 GBP 3.9853 GBP 3.9902 GBP 3.9964 GBP 3.9971 GBP 3.9998 GBP 4.0000 GBP 4.0028 GBP 4.0072 GBP 4.0081 GBP 4.0225 GBP 4.0254 GBP 4.0269 GBP
3.9392 GBP 3.9738 GBP 3.9761 GBP 3.9764 GBP 3.9779 GBP 3.9929 GBP 3.9939 GBP 3.9940 GBP 3.9945 GBP 3.9983 GBP 3.9985 GBP 4.0001 GBP 4.0013 GBP 4.0014 GBP 4.0101 GBP 4.0164 GBP 4.0237 GBP 5.4121 GBP
3.9237 GBP 3.9693 GBP 3.9700 GBP 3.9821 GBP 3.9932 GBP 3.9941 GBP 3.9953 GBP 4.0229 GBP 4.0239 GBP 5.4423 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: | 24 December 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:
SIG.L