18th Dec 2017 18:01
AMENDMENT
INCREASED EQUITY SALES BY 1,385,651 TO 2,863,789
ADDED EQUITY SWAP PURCHASES OF 1,385,651
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: | 12 December 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 | 1,502,380
2,863,789 | 10.1200
10.1200 | 9.9900
9.9800 |
(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 (GBP) | |
Ordinary Shares | Equity Swaps
| Long
Short
| 300,000 300,000 300,000 7 900,000 1,834 811 76 3,258 8 152 18,534 27 2,353 10 67,382 200,000 8,869 1,050 121 40,089 2,371 24,890 2,059 2,636 26,099 175,000 85,761
18,826 10,122 1,452 1,991 4,664 647,702 474 4,425 4,000,000 1,053 75,000 73,072 250,000 1,738 8,069 7 19,702 | 9.9800 9.9850 9.9900 9.9954 10.0000 10.0182 10.0236 10.0253 10.0332 10.0340 10.0353 10.0430 10.0490 10.0550 10.0559 10.0665 10.0699 10.0711 10.0715 10.0739 10.0800 10.0870 10.0903 10.0994 10.1000 10.1172 13.3833 13.4305
10.0013 10.0025 10.0082 10.0121 10.0198 10.0237 10.0346 10.0388 10.0500 10.0503 10.0576 10.0661 10.0838 10.1101 10.1201 10.1207 10.1208 | |
(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: | 18 December 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