24th Nov 2017 18:22
AMENDMENT
INCREASED EQUITY PURCHASES BY 73,410 TO 1,499,186
INCREASED EQUITY SALES BY 1,234 TO 1,787,463
ADDED EQUITY SWAP PURCHASES OF 210,102
ADDED EQUITY SWAP SALES OF 73,410
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: | 17 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 | 1,499,186
1,787,463 | 9.4000
9.4000 | 9.1989
9.1633 |
(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
| 21,279 1,706 596 25,000 4,176 11,077 50,000 1,596 140,308 1,036 359 97,030 51,519 60,000 151,071 58,434 4,483 16,700 2,242 25,678 721 9,028 389 3,869 26,095 140,308
25 6 4 60,134 4,243 8,877 1,140 15,980 40,758 40,611 29,218 3,744 11,588 115,047 6,999 57,430 1,614 5,598 1,299 749 476 | 9.2062 GBP 9.2472 GBP 9.2597 GBP 9.2707 GBP 9.2872 GBP 9.2883 GBP 9.2907 GBP 9.2959 GBP 9.2995 GBP 9.3018 GBP 9.3025 GBP 9.3039 GBP 9.3073 GBP 9.3097 GBP 9.3111 GBP 9.3114 GBP 9.3118 GBP 9.3122 GBP 9.3203 GBP 9.3255 GBP 9.3285 GBP 9.3301 GBP 9.3642 GBP 9.3996 GBP 9.4000 GBP 12.2800 USD
9.1989 GBP 9.2009 GBP 9.2489 GBP 9.2650 GBP 9.2770 GBP 9.2771 GBP 9.3009 GBP 9.3039 GBP 9.3062 GBP 9.3140 GBP 9.3235 GBP 9.3269 GBP 9.3288 GBP 9.3296 GBP 9.3319 GBP 9.3525 GBP 9.3528 GBP 9.3745 GBP 9.3753 GBP 9.3778 GBP 9.4007 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: | 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