26th Aug 2021 11:25
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 | Ultra Electronics Holdings plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Ultra Electronics Holdings plc. |
(d) Date dealing undertaken: | 25 August 2021 |
(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 | Lowest price per unit paid/received |
5p ordinary | Purchase
Sale | 4,691,114
1,199,578 | 32.9100 GBP
32.9000 GBP | 31.8600 GBP
31.9000 GBP |
(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 |
5p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 900,000 550 300 1,360 1,142
1,580 233
120 732 1,000 298 2,864
316,300 4,610 17,394 38 106,519 11,500 7,500 11,500 11,500 3,800
20,332 27,213 5,371 243 101 148 962 405 190
1,100,000 170,000 19,818 405 317 129 69 318 1,325 | 31.9287 GBP 32.5510 GBP 32.6082 GBP 32.6386 GBP 32.7579 GBP
32.4989 GBP 32.6255 GBP
32.5378 GBP 32.5527 GBP 32.6794 GBP 32.6795 GBP 32.7313 GBP
31.9319 GBP 31.9479 GBP 32.5514 GBP 32.5515 GBP 32.7366 GBP 32.7566 GBP 32.7813 GBP 32.7866 GBP 32.8436 GBP 32.8670 GBP
32.2798 GBP 32.3705 GBP 32.4299 GBP 32.6798 GBP 32.7179 GBP 32.7394 GBP 32.7707 GBP 32.8182 GBP 32.8619 GBP
31.9255 GBP 31.9479 GBP 32.2800 GBP 32.2816 GBP 32.2886 GBP 32.3002 GBP 32.3802 GBP 32.4467 GBP 32.5916 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 | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
(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) |
|
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: | 26 August 2021 |
| 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.
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