3rd Jan 2018 15:58
AMENDMENT
INCREASED EQUITY SALES BY 331,031 TO 2,097,711
ADDED EQUITY SWAP PURCHASES OF 340,091
ADDED EQUITY SWAP SALES OF 1,189,994
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: | 14 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 | 3,767,195
2,097,711 | 10.1900
10.1900 | 9.8550
9.8500 |
(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
| 1,705 2,451 36,906 5 31,997 198,724 1,577 4,403 245 3,821 107 841 46 198,500 15,296 50,000 5 726 24,053 7,297 12 228,304 4,851 49,555 88 60 388 1 47 79,255 26,715 437 6,792 28,829
128 37,724 37,683 9,648 21,176 377,000 523 200,000 39,045 18,780 12,861 8,853 377,000 3,329 239,477 6,746 60,511 4,420,483 150,000 | 9.8800 GBP 9.8972 GBP 9.8973 GBP 9.8993 GBP 9.8996 GBP 9.9001 GBP 9.9034 GBP 9.9064 GBP 9.9123 GBP 9.9185 GBP 9.9196 GBP 9.9250 GBP 9.9294 GBP 9.9351 GBP 9.9409 GBP 9.9430 GBP 9.9436 GBP 9.9452 GBP 9.9736 GBP 9.9828 GBP 9.9990 GBP 10.0011 GBP 10.0076 GBP 10.0311 GBP 10.0318 GBP 10.0392 GBP 10.0785 GBP 10.0940 GBP 10.0989 GBP 10.1055 GBP 10.1348 GBP 10.1500 GBP 10.1567 GBP 10.1618 GBP
9.9001 GBP 9.9121 GBP 9.9151 GBP 9.9164 GBP 9.9199 GBP 9.9268 GBP 9.9283 GBP 9.9349 GBP 9.9409 GBP 9.9413 GBP 9.9492 GBP 9.9583 GBP 9.9600 GBP 9.9686 GBP 9.9865 GBP 9.9897 GBP 10.0034 GBP 10.1100 GBP 13.3169 USD | |
(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) |
Ordinary Shares | Call Option | Exercising | 75,000 | 9.27 |
(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 January 2018 |
| 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