28th Feb 2018 09:52
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: | 27 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 | 13,198,014
10,947,351 | 13.5250
13.4900 | 12.8500
12.8500 |
(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
| 300,000 32,680 451 49 2,560 2,772 37,378 20,486 8,641 387,539 51,691 100,000 106,491 5,747 148,000 50,012 38,325 2,062 25,869 4,368 22,899 372,954
766 3,092 5,125 1,170 2,077 1,350,000 6,654 1,129 4,589 602 36,626 920 31 233 1,830 2,768 9,728 22,734 501 779 2,801 78 4,453 187 25,000 90,656 362,210 9,445 7,298 91,960 2,805 100,000 38,498 2,103 136 30,382 5,095 87 2,075 2,203 2,519 50,000 1,725 479 123,498 18,822 429 57,100 18,625 9,429 8,396 100,000 2,062 3,401 250,000 2,040 473 230 50,000 4,716 95,481 31,021 35,000 100,000 20,000 16 568,509 200,000 | 13.0494 13.0689 13.0724 13.0725 13.1290 13.1537 13.2163 13.2201 13.2207 13.2531 13.2568 13.2570 13.2655 13.2699 13.2731 13.2895 13.3147 13.3250 13.3349 13.3725 13.4030 13.4303
13.0204 13.0314 13.0658 13.0684 13.0890 13.1242 13.1477 13.1489 13.1522 13.1871 13.1952 13.2027 13.2089 13.2152 13.2188 13.2262 13.2263 13.2329 13.2333 13.2375 13.2393 13.2510 13.2580 13.2615 13.2632 13.2645 13.2649 13.2671 13.2699 13.2720 13.2796 13.2829 13.2849 13.2889 13.2897 13.2924 13.2972 13.3007 13.3010 13.3046 13.3049 13.3105 13.3125 13.3126 13.3151 13.3156 13.3160 13.3163 13.3180 13.3194 13.3219 13.3234 13.3250 13.3267 13.3408 13.3567 13.3586 13.3639 13.3676 13.3728 13.3729 13.3867 13.4226 13.4295 13.4339 13.4436 13.4525 13.5017 |
(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: | 28 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