17th Aug 2018 18:07
AMENDMENT
INCREASED EQUITY PURCHASES BY 55,178 TO 678,162
ADDED EQUITY SWAP PURCHASES OF 350,000
ADDED EQUITY SWAP SALES OF 405,178
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: | 01 August 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 | 678,162
557,027 | 8.1942
8.1980 | 8.1700
8.1704 |
(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 | 373 407 4,305 6,886 43,878 3,479 410 1,196 18,439 2,592 1,700 523 359 483 1,177 4,478 1,960 20,223 11,906 2,928 3,627 5,820 3,933 5 4,314 350,000
31,829 1,859 9,715 13,837 2,763 190 4,390 1,098 54,051 2,579 37,044 681 49,571 60 8,678 350,000 689 46,500 | 8.1738 GBP 8.1752 GBP 8.1771 GBP 8.1774 GBP 8.1777 GBP 8.1791 GBP 8.1792 GBP 8.1796 GBP 8.1800 GBP 8.1808 GBP 8.1813 GBP 8.1818 GBP 8.1827 GBP 8.1835 GBP 8.1837 GBP 8.1840 GBP 8.1843 GBP 8.1845 GBP 8.1852 GBP 8.1856 GBP 8.1860 GBP 8.1876 GBP 8.1880 GBP 8.1892 GBP 8.1914 GBP 8.1940 GBP
8.1800 GBP 8.1806 GBP 8.1810 GBP 8.1820 GBP 8.1823 GBP 8.1828 GBP 8.1830 GBP 8.1831 GBP 8.1841 GBP 8.1843 GBP 8.1866 GBP 8.1873 GBP 8.1895 GBP 8.1908 GBP 8.1910 GBP 8.1940 GBP 8.1942 GBP 10.7489 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) |
|
(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: | 17 August 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:
Vedanta Resources