14th Dec 2017 07:00
AMENDMENT
INCREASED EQUITY PURCHASES BY 300,000 TO 5,188,797
INCREASED EQUITY SALES BY 220,893 TO 4,775,467
ADDED EQUITY SWAP PURCHASES OF 220,893
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: | 07 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 | 5,188,797
4,775,467 | 10.1543
10.1988 | 9.7650
9.9576 |
(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
| 188,000 152,968 250,000 3 127,173 300 18,939 22,982 5 14 82 2,901 3 11 6 3,726 51,360 21,628 1,847 35,813 163,500 9,677 18,632 100,000 1,352 87,786 70,000 646 11,722 15,125 28,131 36,995 415 2,092
3,497 16,241 231 18,108 857 652 6,794 132,675 22,305 150,000 8,537 52 4,000,000 73,185 9,526 1,527 40,089 70,318 | 9.9569 GBP 9.9576 GBP 9.9600 GBP 9.9640 GBP 9.9650 GBP 9.9653 GBP 9.9693 GBP 9.9700 GBP 9.9740 GBP 9.9752 GBP 9.9770 GBP 9.9777 GBP 9.9780 GBP 9.9787 GBP 9.9790 GBP 9.9836 GBP 9.9940 GBP 9.9950 GBP 9.9952 GBP 9.9957 GBP 9.9999 GBP 10.0026 GBP 10.0068 GBP 10.0108 GBP 10.0287 GBP 10.0457 GBP 10.0532 GBP 10.0701 GBP 10.0747 GBP 10.0848 GBP 10.0849 GBP 10.0861 GBP 10.1988 GBP 13.4784 USD
9.9632 GBP 9.9705 GBP 9.9708 GBP 9.9756 GBP 9.9807 GBP 9.9819 GBP 9.9891 GBP 9.9913 GBP 10.0065 GBP 10.0110 GBP 10.0129 GBP 10.0251 GBP 10.0400 GBP 10.0430 GBP 10.0450 GBP 10.0795 GBP 10.0946 GBP 10.1198 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: | 13 December 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