3rd Nov 2017 15:07
AMENDMENT
INCREASED EQUITY PURCHASES BY 69,175 TO 1,076,944
INCREASED EQUITY SALES BY 67,227 TO 817,403
ADDED EQUITY SWAP PURCHASES OF 67,227
ADDED EQUITY SWAP SALES OF 68,613
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 | Sky PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | Twenty-First Century Fox, Inc |
(d) Date dealing undertaken: | 01 November 2017 |
(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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Shares
| Purchases
Sales | 1,076,944
817,403 | 9.5153
9.5067 | 9.4295
9.4200 |
(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 Shares | Equity Swaps | Long
Short | 22,436 742 44,303 804 17 24 5 340 1,835 3,112 14,103 2,363 25,000 46,072 5 88,555 44 1,051 330 16 812 16,849 378 8,969 799 786 50,000
84,392 34,044 40,089 20,045 3,693 19,293 6,470 8,362 21,764 1,000 213,703 49,818 1,652 18,876 9,143 140,000 18,795 | 9.4253 GBP 9.4293 GBP 9.4300 GBP 9.4343 GBP 9.4376 GBP 9.4420 GBP 9.4431 GBP 9.4465 GBP 9.4498 GBP 9.4504 GBP 9.4531 GBP 9.4539 GBP 9.4544 GBP 9.4575 GBP 9.4581 GBP 9.4670 GBP 9.4693 GBP 9.4700 GBP 9.4701 GBP 9.4757 GBP 9.4792 GBP 9.4808 GBP 9.4809 GBP 9.4869 GBP 9.4879 GBP 9.4893 GBP 12.5848 USD
9.4300 GBP 9.4407 GBP 9.4436 GBP 9.4450 GBP 9.4495 GBP 9.4500 GBP 9.4511 GBP 9.4548 GBP 9.4556 GBP 9.4636 GBP 9.4649 GBP 9.4686 GBP 9.4776 GBP 9.4897 GBP 9.4904 GBP 9.4953 GBP 9.5153 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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
Ordinary Shares
|
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ Exercised against | Number of securities | Exercise price per unit (GBP) |
(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) (GBP) |
|
(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: | 03 November 2017 |
| Contact name: | Evangelos Galiatsatos |
| Telephone number: | 020 7742 6148 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. 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:
Sky