3rd Apr 2018 07:00
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: | 29 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 | 1,633,011
4,890,447 | 13.2200
13.1779 | 12.9750
12.9750 |
(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 | 3,957 50 471 727 81 6,613 2,596 5,433 7,731 1,354,589 4,046 6 5 1,728 59 269 344 231 612 370 219 284 186 522 14,031 27,931 16,497 178 21,825 228 13,688 242 580 1,158 683 83 2,894 10,512 2,744 932 578 32 33 42 1,010 2,023 1,201 434 1,737 1,071 2,300 4,524 14,722 1,500,000 36,165 35,885 11 5,028 21 6 358 70
30,215 190 103 1,437 1,337 10,452 5,068 5,409 44,562 5,028 80,223 2,737 | 12.9721 13.0343 13.0506 13.0513 13.0523 13.0525 13.0527 13.0531 13.0587 13.0619 13.0633 13.0679 13.0694 13.0702 13.0714 13.0725 13.0726 13.0730 13.0734 13.0741 13.0745 13.0746 13.0752 13.0760 13.0765 13.0766 13.0769 13.0775 13.0784 13.0787 13.0815 13.0817 13.0883 13.0884 13.0887 13.0900 13.0902 13.0903 13.0904 13.0918 13.0936 13.0942 13.1002 13.1040 13.1057 13.1059 13.1066 13.1074 13.1123 13.1135 13.1139 13.1161 13.1182 13.1200 13.1222 13.1271 13.1562 13.1575 13.1580 13.1594 13.1627 13.1647
12.9756 12.9760 12.9974 13.0155 13.0561 13.0589 13.0620 13.0636 13.0887 13.1575 13.1779 13.2201 |
(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: | 3 April 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