20th Feb 2018 17:58
AMENDMENT
INCREASED EQUITY PURCHASES BY 86,433 TO 4,020,792
INCREASED EQUITY SALES BY 615,501 TO 4,523,163
ADDED EQUITY SWAP PURCHASES OF 765,501
ADDED EQUITY SWAP SALES OF 84,666
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 February 2018 |
(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 | 4,020,792 . 4,523,163 | 11.0000
11.0000 | 10.7661
10.7846 |
(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
| 100,000 41,741 3,343 32,512 10,982 30,874 7,619 7,592 31,476 18,858 77,272 1,000 100,000 28,765 26 2,040 500,000 5 144,625 1,418 5,307 23,377 2,570 51,623 8,150 131,415 1,630 381 54 10,208 87 13,248 8,150 3,260 40,000 6 32,296
65,710 10,490 1,978 981 12,070 150,000 16,978 2,371 200,000 1,068 106,825 1,714 6,648 9,129 13,898 626 28,714 180,627 1,151 8,507 1,185 200,000 | 10.7846 10.7908 10.8192 10.8408 10.8612 10.8710 10.8722 10.8893 10.9022 10.9059 10.9094 10.9184 10.9265 10.9281 10.9353 10.9386 10.9391 10.9395 10.9396 10.9397 10.9414 10.9440 10.9442 10.9443 10.9452 10.9471 10.9486 10.9494 10.9524 10.9533 10.9537 10.9637 10.9735 10.9760 10.9807 10.9853 10.9978
10.7661 10.8205 10.8279 10.8346 10.8356 10.8359 10.8362 10.8465 10.8741 10.9057 10.9125 10.9154 10.9192 10.9231 10.9395 10.9403 10.9410 10.9429 10.9449 10.9479 10.9503 10.9742
|
(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) |
(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) |
|
3. OTHER INFORMATION
(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 February 2018 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 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