27th Feb 2025 07:00
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 | Wood Group (John) plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Wood Group (John) plc |
(d) Date dealing undertaken: | 24 February 2025 |
(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 |
4 2/7p ordinary | Purchase
Sale | 4,151,937
6,166,332 | 0.3898 GBP
0.3912 GBP | 0.2682 GBP
0.2693 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 |
4 2/7p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position
| 80,947 10,889 911 1,642 1,285 3,084 77,154 1,021 48,615 6 29,635 98,830 98,882 370,683 4,220 8,136 13,047 47 48 1,367 113,040
7,315 2,500 48,000 1,412
15 2,935 1 104 4,273 6,543 271 5 29,393 72,845 28,856 1,131 816,944 28,671 1,263,109 3,601 374,336 1,227 1 155 47 50,000 96,712 36,466 13,607 78,535
549 17,000 6,766
57,581 170,000 15,000 25,288 79,440
200,000 79,440 15,000 57,581 25,288 | 0.2725 GBP 0.2731 GBP 0.2758 GBP 0.2760 GBP 0.2764 GBP 0.2768 GBP 0.2967 GBP 0.2971 GBP 0.2975 GBP 0.2980 GBP 0.3056 GBP 0.3150 GBP 0.3311 GBP 0.3411 GBP 0.3466 GBP 0.3613 GBP 0.3629 GBP 0.3669 GBP 0.3705 GBP 0.3732 GBP 0.3774 GBP
0.2958 GBP 0.3555 GBP 0.3580 GBP 0.3608 GBP
0.2670 GBP 0.2696 GBP 0.2700 GBP 0.2710 GBP 0.2712 GBP 0.2722 GBP 0.2746 GBP 0.2863 GBP 0.3068 GBP 0.3074 GBP 0.3292 GBP 0.3310 GBP 0.3369 GBP 0.3381 GBP 0.3412 GBP 0.3442 GBP 0.3480 GBP 0.3488 GBP 0.3564 GBP 0.3568 GBP 0.3669 GBP 0.3672 GBP 0.3681 GBP 0.3683 GBP 0.3691 GBP 0.3732 GBP
0.2746 GBP 0.3572 GBP 0.3732 GBP
0.3574 GBP 0.3587 GBP 0.3637 GBP 0.3732 GBP 0.3766 GBP
0.2827 GBP 0.2860 GBP 0.2889 GBP 0.3294 GBP 0.3732 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 February 2025 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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.