9th Nov 2020 11:35
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: | (GS) GOLDMAN SACHS INTERNATIONAL |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | RSA INSURANCE GROUP PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | RSA INSURANCE GROUP PLC |
(d) Date dealing undertaken: | 06 November 2020 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the 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 |
100p ordinary | Purchases | 20,132,413329,209 | 6.7054 GBP8.7605 USD | 6.4619 GBP8.7605 USD |
100p ordinary | Sales | 14,754,660 | 6.6880 GBP | 6.4800 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 |
100p ordinary | CFD | Opening a long position | 289 | 6.4900 GBP |
100p ordinary | CFD | Reducing a short position | 18,660 | 6.4900 GBP |
100p ordinary | CFD | Increasing a short position | 5,200 | 6.4900 GBP |
100p ordinary | CFD | Reducing a short position | 265 | 6.4900 GBP |
100p ordinary | CFD | Increasing a short position | 20,800 | 6.4900 GBP |
100p ordinary | CFD | Reducing a short position | 350 | 6.4900 GBP |
100p ordinary | CFD | Increasing a short position | 15,000 | 6.4932 GBP |
100p ordinary | CFD | Reducing a long position | 27,930 | 6.4961 GBP |
100p ordinary | CFD | Reducing a long position | 4,058 | 6.4961 GBP |
100p ordinary | CFD | Reducing a long position | 9,312 | 6.4961 GBP |
100p ordinary | CFD | Opening a long position | 50,332 | 6.4965 GBP |
100p ordinary | CFD | Reducing a short position | 6,724 | 6.4965 GBP |
100p ordinary | CFD | Reducing a long position | 15,486 | 6.4965 GBP |
100p ordinary | CFD | Reducing a long position | 2,251 | 6.4965 GBP |
100p ordinary | CFD | Reducing a long position | 5,163 | 6.4965 GBP |
100p ordinary | CFD | Reducing a long position | 77,965 | 6.5066 GBP |
100p ordinary | CFD | Reducing a long position | 11,356 | 6.5066 GBP |
100p ordinary | CFD | Reducing a long position | 25,993 | 6.5066 GBP |
100p ordinary | CFD | Opening a short position | 36,517 | 6.5108 GBP |
100p ordinary | CFD | Reducing a short position | 6,941 | 6.5131 GBP |
100p ordinary | CFD | Opening a short position | 49,603 | 6.5196 GBP |
100p ordinary | CFD | Reducing a short position | 700 | 6.5221 GBP |
100p ordinary | CFD | Reducing a short position | 226 | 6.5221 GBP |
100p ordinary | CFD | Reducing a short position | 377 | 6.5221 GBP |
100p ordinary | CFD | Opening a short position | 100,000 | 6.5230 GBP |
100p ordinary | CFD | Opening a long position | 150,000 | 6.5248 GBP |
100p ordinary | CFD | Increasing a short position | 250,000 | 6.5300 GBP |
100p ordinary | CFD | Opening a short position | 69,503 | 6.5308 GBP |
100p ordinary | CFD | Increasing a short position | 1,223 | 6.5316 GBP |
100p ordinary | CFD | Reducing a long position | 5,595 | 6.5316 GBP |
100p ordinary | CFD | Increasing a short position | 1,519 | 6.5316 GBP |
100p ordinary | CFD | Increasing a short position | 581 | 6.5316 GBP |
100p ordinary | CFD | Increasing a short position | 7,635 | 6.5316 GBP |
100p ordinary | CFD | Increasing a short position | 5,273 | 6.5316 GBP |
100p ordinary | CFD | Opening a short position | 9,298 | 6.5316 GBP |
100p ordinary | CFD | Increasing a short position | 2,170 | 6.5316 GBP |
100p ordinary | CFD | Opening a short position | 50,000 | 6.5320 GBP |
100p ordinary | CFD | Opening a short position | 23,000 | 6.5321 GBP |
100p ordinary | CFD | Increasing a short position | 10,000 | 6.5343 GBP |
100p ordinary | CFD | Increasing a short position | 40,000 | 6.5343 GBP |
100p ordinary | CFD | Reducing a long position | 338 | 6.5382 GBP |
100p ordinary | CFD | Opening a short position | 100,000 | 6.5400 GBP |
100p ordinary | CFD | Increasing a long position | 25,384 | 6.5407 GBP |
100p ordinary | CFD | Increasing a short position | 913 | 6.5415 GBP |
100p ordinary | CFD | Reducing a short position | 149,251 | 6.5426 GBP |
100p ordinary | CFD | Reducing a short position | 77,885 | 6.5426 GBP |
100p ordinary | CFD | Increasing a short position | 155,200 | 6.5455 GBP |
100p ordinary | CFD | Increasing a short position | 244,800 | 6.5455 GBP |
100p ordinary | CFD | Opening a short position | 60,000 | 6.5497 GBP |
100p ordinary | CFD | Opening a short position | 2,211 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 15,500 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 4,865 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 30,800 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 10,400 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 3,243 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 1,440 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 20,500 | 6.5568 GBP |
100p ordinary | CFD | Opening a short position | 25,900 | 6.5589 GBP |
100p ordinary | CFD | Opening a short position | 3,651 | 6.5589 GBP |
100p ordinary | CFD | Opening a short position | 51,300 | 6.5589 GBP |
100p ordinary | CFD | Opening a short position | 8,009 | 6.5589 GBP |
100p ordinary | CFD | Opening a short position | 51,300 | 6.5598 GBP |
100p ordinary | CFD | Opening a short position | 25,900 | 6.5598 GBP |
100p ordinary | CFD | Opening a short position | 8,009 | 6.5598 GBP |
100p ordinary | CFD | Opening a short position | 3,651 | 6.5598 GBP |
100p ordinary | CFD | Opening a short position | 4,420 | 6.5667 GBP |
100p ordinary | CFD | Opening a short position | 386,666 | 6.5667 GBP |
100p ordinary | CFD | Opening a short position | 9,631 | 6.5667 GBP |
100p ordinary | CFD | Opening a short position | 31,100 | 6.5667 GBP |
100p ordinary | CFD | Opening a short position | 61,500 | 6.5667 GBP |
100p ordinary | CFD | Reducing a short position | 265,747 | 6.5707 GBP |
100p ordinary | CFD | Increasing a short position | 147,440 | 6.5716 GBP |
100p ordinary | CFD | Increasing a short position | 232,560 | 6.5716 GBP |
100p ordinary | CFD | Opening a short position | 500,000 | 6.5780 GBP |
100p ordinary | CFD | Opening a short position | 605,000 | 6.5907 GBP |
100p ordinary | CFD | Opening a short position | 200,000 | 6.5909 GBP |
100p ordinary | CFD | Reducing a short position | 102,345 | 6.5919 GBP |
100p ordinary | CFD | Increasing a short position | 271,600 | 6.6000 GBP |
100p ordinary | CFD | Increasing a short position | 428,400 | 6.6000 GBP |
100p ordinary | CFD | Increasing a short position | 155,200 | 6.6030 GBP |
100p ordinary | CFD | Increasing a short position | 244,800 | 6.6030 GBP |
100p ordinary | CFD | Opening a short position | 122,400 | 6.6066 GBP |
100p ordinary | CFD | Opening a short position | 77,600 | 6.6066 GBP |
100p ordinary | CFD | Reducing a short position | 41,995 | 6.6129 GBP |
100p ordinary | CFD | Reducing a short position | 3,377 | 6.6129 GBP |
100p ordinary | CFD | Reducing a short position | 21,257 | 6.6129 GBP |
100p ordinary | CFD | Reducing a short position | 9,396 | 6.6129 GBP |
100p ordinary | CFD | Opening a short position | 256,300 | 6.6157 GBP |
100p ordinary | CFD | Opening a short position | 18,354 | 6.6157 GBP |
100p ordinary | CFD | Opening a short position | 40,246 | 6.6157 GBP |
100p ordinary | CFD | Opening a short position | 129,500 | 6.6157 GBP |
100p ordinary | CFD | Increasing a short position | 150,000 | 6.6207 GBP |
100p ordinary | CFD | Increasing a short position | 30,000 | 6.6220 GBP |
100p ordinary | CFD | Opening a short position | 250,000 | 6.6500 GBP |
100p ordinary | CFD | Reducing a short position | 149,287 | 6.6620 GBP |
100p ordinary | CFD | Reducing a short position | 77,903 | 6.6620 GBP |
100p ordinary | CFD | Reducing a long position | 150,000 | 6.7054 GBP |
100p ordinary | CFD | Opening a short position | 145,439 | 6.7054 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: | 09 November 2020 |
| Contact name: | Kashif Rafiq and Papa Lette |
| Telephone number: | +44(20) 7051 0547 / +44(20) 7774 7442 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's 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:
RSA.L