12th Mar 2018 17:40
AMENDMENT
INCREASED EQUITY PURCHASES BY 20,331 TO 2,702,730
INCREASED EQUITY SALES BY 1,327 TO 586,003
ADDED EQUITY SWAP PURCHASES OF 864,000
ADDED EQUITY SWAP SALES OF 883,004
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: | 08 March 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
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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 | 2,702,730
586,003 | 13.4800
13.4800 | 13.3800
13.3800 |
(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 | 313 4,016 1,467 162 59,390 864,000 2,715 23 7,331 473 44,591 163 26 2,063 1,251 1,101 8,503 394 321 13,621 8,805 260
50,000 2,614,000 10,900 637 23,650 535 1,079 19,860 348 1,890 27,205 1,724 33,013 444 11,186 3,469 22,570 100,000 4,300 1,175 19,004 261 419 149,378 | 13.3963 GBP 13.3969 GBP 13.3987 GBP 13.3992 GBP 13.3997 GBP 13.4000 GBP 13.4006 GBP 13.4021 GBP 13.4036 GBP 13.4044 GBP 13.4075 GBP 13.4081 GBP 13.4088 GBP 13.4089 GBP 13.4090 GBP 13.4119 GBP 13.4121 GBP 13.4132 GBP 13.4196 GBP 13.4282 GBP 13.4419 GBP 13.4505 GBP
13.3934 GBP 13.4000 GBP 13.4008 GBP 13.4010 GBP 13.4022 GBP 13.4030 GBP 13.4057 GBP 13.4063 GBP 13.4075 GBP 13.4127 GBP 13.4157 GBP 13.4196 GBP 13.4207 GBP 13.4226 GBP 13.4245 GBP 13.4330 GBP 13.4339 GBP 13.4386 GBP 13.4420 GBP 13.4423 GBP 13.4492 GBP 13.4596 GBP 13.4626 GBP 18.5493 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) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
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(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) |
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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
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(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
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| Date of disclosure: | 12 March 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