24th Nov 2017 18:23
AMENDMENT
INCREASED EQUITY PURCHASES BY 126,174 TO 942,290
INCREASED EQUITY SALES BY 2,858 TO 5,255,769
ADDED EQUITY SWAP PURCHASES OF 2,858
ADDED EQUITY SWAP SALES OF 126,174
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: | 15 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 | 942,290
5,255,769 | 9.1000
9.1000 | 8.9500
8.9574 |
(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
| 4,000,000 100 2,758 217,287 49,241 23,404 2,764 18,713 2,475 7,211 1,629 1,650 248 20,448 119,457 119,457
422 53,904 10 1,859 4 1,130 709 42 2 30,589 2,274 1,019 4,740 12,223 13 6,897 1,225 9 472 7 2,351 1,654 11 912 20,195 24 843 88,674 31 37,500 | 8.9700 GBP 8.9713 GBP 8.9714 GBP 8.9804 GBP 8.9821 GBP 8.9837 GBP 8.9850 GBP 8.9854 GBP 8.9897 GBP 8.9902 GBP 8.9910 GBP 8.9920 GBP 8.9993 GBP 8.9996 GBP 11.8107 USD 11.8247 USD
8.9531 GBP 8.9725 GBP 8.9735 GBP 8.9753 GBP 8.9759 GBP 8.9789 GBP 8.9823 GBP 8.9833 GBP 8.9834 GBP 8.9844 GBP 8.9848 GBP 8.9857 GBP 8.9860 GBP 8.9865 GBP 8.9873 GBP 8.9900 GBP 8.9904 GBP 8.9909 GBP 8.9910 GBP 8.9915 GBP 8.9920 GBP 8.9941 GBP 8.9945 GBP 8.9946 GBP 9.0001 GBP 9.0006 GBP 9.0020 GBP 9.0138 GBP 9.0149 GBP 9.0169 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