20th Dec 2016 16:44
AMENDMENT
INCREASED EQUITY PURCHASES BY 867,500 TO 3,709,854
ADDED EQUITY SWAP SALES OF 867,500
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: | 13 December 2016 |
(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 | 3,709,854
3,450,039 | 9.9049
9.9249 | 9.7600
9.7600 |
(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
| 8,950 62,347 64,268 1,310 231,622 8,004 1,916 10,617 18,379 511 327 8,512 1,637 124 327 47,917 164 11,052 39,270 25,379 2,037 12 303 134 4,568 1,292 41 10,387 24 117 966 190 6,270 4,455 2,642 98 1,918 23,630 3,045 50 798
125 3 14 16 128 38 1,808 1,580 56 6 1,726 5,210 161 36,752 124 68 24,336 23,244 26,030 47,917 71,038 11,091 8,028 2,037 50,000 11,582 68,044 339 798 3,413 40,000 20,000 757,500 | 9.7943 GBP 9.8001 GBP 9.8008 GBP 9.8022 GBP 9.8042 GBP 9.8092 GBP 9.8096 GBP 9.8132 GBP 9.8133 GBP 9.8143 GBP 9.8147 GBP 9.8150 GBP 9.8167 GBP 9.8175 GBP 9.8297 GBP 9.8375 GBP 9.8490 GBP 9.8579 GBP 9.8598 GBP 9.8610 GBP 9.8625 GBP 9.8655 GBP 9.8664 GBP 9.8670 GBP 9.8674 GBP 9.8687 GBP 9.8693 GBP 9.8698 GBP 9.8712 GBP 9.8716 GBP 9.8719 GBP 9.8720 GBP 9.8721 GBP 9.8724 GBP 9.8743 GBP 9.8752 GBP 9.8792 GBP 9.8794 GBP 9.8800 GBP 9.8816 GBP 9.8875 GBP
9.7610 GBP 9.7833 GBP 9.7938 GBP 9.7966 GBP 9.7977 GBP 9.8008 GBP 9.8035 GBP 9.8046 GBP 9.8068 GBP 9.8080 GBP 9.8084 GBP 9.8102 GBP 9.8110 GBP 9.8122 GBP 9.8175 GBP 9.8204 GBP 9.8256 GBP 9.8297 GBP 9.8353 GBP 9.8375 GBP 9.8481 GBP 9.8538 GBP 9.8546 GBP 9.8625 GBP 9.8699 GBP 9.8772 GBP 9.8835 GBP 9.8870 GBP 9.8875 GBP 9.8880 GBP 9.9009 GBP 9.9049 GBP 12.5115 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 | Call option Call option | Purchasing Purchasing | 12,000 249,000 | 8.60 8.40 | American American | 16 Dec 2016 16 Dec 2016 | 1.22 1.41 |
(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 |
(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: | 20 December 2016 |
| Contact name: | Tung Le |
| Telephone number: | 020 7742 7272 |
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