26th Feb 2025 10:51
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: | 25 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 | 3,121,286
4,829,163 | 0.4062 GBP
0.4057 GBP | 0.3686 GBP
0.3668 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 | 27 103,661 6,159 4,000 105,115 5 19,105 72,171 7,214 17,338 4 632 9,048 92,769 136,778 1,358 1,358 5,973 25,671 40,038 114,377 4,000 42,920 61,730 1,413 3,605 6,515 4,000 2,312 1,358 1,293 1,790 1,623 51,931 1,376 675 1,165 2,575 1,837 22,901 13
60,613 215,138 30,000 209,022 9,089 7,500 2,992 14,706 234,737
1 25 4 8,479 12,523 3 11,561 3,160 50,000 58,236 8,203 50,726 2 11,487 87 1 1,351,797 1 450,214 6 9
37,437 23 24,143
4,109 44,171 71,509 66,899
3,448 | 0.3802 GBP 0.3812 GBP 0.3818 GBP 0.3822 GBP 0.3824 GBP 0.3836 GBP 0.3837 GBP 0.3840 GBP 0.3841 GBP 0.3842 GBP 0.3845 GBP 0.3847 GBP 0.3852 GBP 0.3856 GBP 0.3861 GBP 0.3862 GBP 0.3865 GBP 0.3867 GBP 0.3870 GBP 0.3871 GBP 0.3874 GBP 0.3885 GBP 0.3886 GBP 0.3887 GBP 0.3890 GBP 0.3892 GBP 0.3894 GBP 0.3898 GBP 0.3900 GBP 0.3901 GBP 0.3902 GBP 0.3904 GBP 0.3908 GBP 0.3909 GBP 0.3911 GBP 0.3919 GBP 0.3926 GBP 0.3928 GBP 0.3930 GBP 0.3966 GBP 0.3967 GBP
0.3858 GBP 0.3859 GBP 0.3879 GBP 0.3882 GBP 0.3883 GBP 0.3898 GBP 0.3900 GBP 0.3902 GBP 0.4016 GBP
0.3790 GBP 0.3796 GBP 0.3824 GBP 0.3836 GBP 0.3842 GBP 0.3848 GBP 0.3849 GBP 0.3853 GBP 0.3855 GBP 0.3861 GBP 0.3863 GBP 0.3864 GBP 0.3873 GBP 0.3879 GBP 0.3880 GBP 0.3882 GBP 0.3885 GBP 0.3894 GBP 0.3909 GBP 0.3910 GBP 0.3977 GBP
0.3760 GBP 0.3811 GBP 0.3840 GBP
0.3795 GBP 0.3840 GBP 0.3852 GBP 0.3872 GBP
0.3840 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 |
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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) |
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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: | 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.