30th Jul 2018 16:00
AMENDMENT
INCREASED EQUITY PURCHASES BY 3,853,582 TO 7,176,703
INCREASED EQUITY SALES BY 484,690 TO 4,074,356
ADDED EQUITY SWAP PURCHASES OF 184,690
ADDED EQUITY SWAP SALES OF 3,645,000
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: | 19 July 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 | 7,176,703
4,074,356 | 15.3450
15.3300 | 14.8900
14.8778 |
(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 | 50,000 50,000 29,863 74,459 87,353 18,900 794 14,128 53,537 300,000 50,000 14,922 412 33,525 29,846 100,000 25,000 18 8,348 71,672 56,765 3,280 16,336 9,804 517 396 150,540
3,938 34,159 25,740 200,000 326 50,000 1,451,000 2,419,000 662 25,000 25,000 25,520 3,150 32,642 15,867 6,676 14,777 954 86,727 6,424 1,106 4,710 15,785 | 14.8882 GBP 14.8944 GBP 14.9243 GBP 14.9249 GBP 14.9250 GBP 14.9255 GBP 14.9775 GBP 14.9776 GBP 14.9893 GBP 14.9970 GBP 15.0270 GBP 15.0274 GBP 15.0296 GBP 15.0395 GBP 15.0524 GBP 15.0754 GBP 15.0799 GBP 15.0839 GBP 15.0843 GBP 15.0850 GBP 15.1281 GBP 15.1633 GBP 15.1718 GBP 15.2360 GBP 15.2698 GBP 15.2935 GBP 19.3694 USD
14.8993 GBP 14.9087 GBP 14.9485 GBP 14.9605 GBP 14.9814 GBP 14.9860 GBP 14.9903 GBP 15.0022 GBP 15.0030 GBP 15.0076 GBP 15.0146 GBP 15.0518 GBP 15.0808 GBP 15.0844 GBP 15.0851 GBP 15.0857 GBP 15.1104 GBP 15.1131 GBP 15.1174 GBP 15.1244 GBP 15.1274 GBP 15.1443 GBP 15.3256 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) |
(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: | 30 July 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