24th Nov 2017 18:22
AMENDMENT
INCREASED EQUITY SALES BY 238,915 TO 3,710,978
ADDED EQUITY SWAP PURCHASES OF 717,830
ADDED EQUITY SWAP SALES OF 240,000
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: | 16 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
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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 | 213,244
3,710,978 | 9.0500
9.0450 | 9.0000
9.0000 |
(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
| 238,915 47,086 455 23,704 24,328 440 21,757 3,422 843 28,672 1,405 3,000,000 22,320 217,680 238,915 238,915
1,258 441 5 70,439 42 2,176 26,883 5,219 17,383 832 904 900 2,574 7 9,025 74 1,011 34 30 279 3 22,320 217,680 | 9.0081 GBP 9.0159 GBP 9.0174 GBP 9.0177 GBP 9.0198 GBP 9.0213 GBP 9.0214 GBP 9.0228 GBP 9.0280 GBP 9.0296 GBP 9.0297 GBP 9.0450 GBP 9.5458 GBP 9.7245 GBP 11.8863 USD 11.8945 USD
9.0058 GBP 9.0105 GBP 9.0109 GBP 9.0130 GBP 9.0177 GBP 9.0189 GBP 9.0190 GBP 9.0194 GBP 9.0198 GBP 9.0201 GBP 9.0218 GBP 9.0235 GBP 9.0236 GBP 9.0244 GBP 9.0246 GBP 9.0259 GBP 9.0262 GBP 9.0272 GBP 9.0306 GBP 9.0307 GBP 9.0309 GBP 9.5458 GBP 9.7245 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
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(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ Exercised against | Number of securities | Exercise price per unit (GBP) |
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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) (GBP) |
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(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: | 24 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