1st Aug 2018 09:35
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 | Vedanta Resources plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Vedanta Resources plc and Financial Advisor to Volcan Investments Ltd |
(d) Date dealing undertaken: | 31 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
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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 | 1,781,268
3,077,052 | 8.2193
8.2025 | 7.7940
8.1620 |
(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 | 9,615 120 275 270,000 1,012 1,698 12,960 539,139 145,766 2,322 789 41,720 9,607 547 917 66,648 570,000 3,081 1,850 140 2,651 8,732 1,403,155 13,741 200,000 50,000 100,000
50,000 188 118 3,402 5,080 3,114 8,557 113,698 1,369 40,585 29,416 5,150 100,000 38,141 34,429 2,485 65,021 50,000 35,260 1,344,000 | 8.1698 GBP 8.1800 GBP 8.1832 GBP 8.1844 GBP 8.1858 GBP 8.1859 GBP 8.1865 GBP 8.1868 GBP 8.1873 GBP 8.1875 GBP 8.1878 GBP 8.1897 GBP 8.1907 GBP 8.1908 GBP 8.1909 GBP 8.1940 GBP 8.1943 GBP 8.1967 GBP 8.1987 GBP 8.1992 GBP 8.1994 GBP 8.1996 GBP 8.2000 GBP 8.2030 GBP 10.7592 USD 10.7629 USD 10.7665 USD
8.1842 GBP 8.1874 GBP 8.1875 GBP 8.1884 GBP 8.1886 GBP 8.1898 GBP 8.1900 GBP 8.1905 GBP 8.1939 GBP 8.1943 GBP 8.1974 GBP 8.1983 GBP 8.1995 GBP 8.1998 GBP 8.2000 GBP 8.2004 GBP 8.2009 GBP 8.2012 GBP 8.2033 GBP 10.7675 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: | 01 August 2018
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| 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:
Vedanta Resources