13th Mar 2024 17:00
AMENDMENT
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 | Virgin Money UK plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Joint financial adviser and joint corporate broker to Virgin Money UK plc |
(d) Date dealing undertaken: | 11 March 2024 |
(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 |
10p ordinary | Purchase
Sale | 2,683,719
3,273,829 | 2.1286 GBP
2.1289 GBP | 2.1000 GBP
2.1000 GBP |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
CDI | Purchase
Sale | -
- | -
- | -
- |
(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 |
10p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a short position
| 390 43,178 54,410 20,436 18,335 105,000 55,445 127,794 108 51,868 83 70 3,632 44,139 8,674 787 405 1,362 26,009 1,160
67,136 2,562 16,297 652 138,596 11,847 26,823
36,266 22,269 1,102 5,090 7,881 802 4 10,090 63,081 1,403 1,222 18,876 3,386 85,706 165 6,350 83 23,352 4,133 5,098 950,000 39,544 29,199 11,814 1,013,769
4,718 677 1,088 22,822 279,904 246,542
7 10 26,026 779 31,073 88,339 450,000 19,837 50,000 250,000 | 2.1011 GBP 2.1050 GBP 2.1051 GBP 2.1052 GBP 2.1053 GBP 2.1056 GBP 2.1059 GBP 2.1060 GBP 2.1066 GBP 2.1071 GBP 2.1073 GBP 2.1075 GBP 2.1079 GBP 2.1093 GBP 2.1106 GBP 2.1125 GBP 2.1126 GBP 2.1150 GBP 2.1199 GBP 2.1235 GBP
2.1050 GBP 2.1054 GBP 2.1060 GBP 2.1064 GBP 2.1090 GBP 2.1120 GBP 2.1121 GBP
2.1000 GBP 2.1009 GBP 2.1020 GBP 2.1027 GBP 2.1041 GBP 2.1044 GBP 2.1045 GBP 2.1047 GBP 2.1048 GBP 2.1050 GBP 2.1051 GBP 2.1057 GBP 2.1060 GBP 2.1062 GBP 2.1069 GBP 2.1071 GBP 2.1073 GBP 2.1081 GBP 2.1088 GBP 2.1107 GBP 2.1166 GBP 2.1187 GBP 2.1192 GBP 2.1199 GBP 2.1225 GBP
2.1013 GBP 2.1050 GBP 2.1052 GBP 2.1079 GBP 2.1239 GBP 2.1286 GBP
2.1029 GBP 2.1030 GBP 2.1031 GBP 2.1032 GBP 2.1048 GBP 2.1051 GBP 2.1065 GBP 2.1066 GBP 2.1070 GBP 2.1101 GBP |
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 |
CDI | Equity Swap | Opening a long position
Opening a short position
| 93,424
30,601 37,402 25,421 | 4.0866 AUD
4.0831 AUD 4.0880 AUD 4.0901 AUD |
(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: | 13 March 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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:
Virgin Money Uk