Last checked at 9 Oct 2020 08:56
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| (a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD |
| (b) | Name of offeror/offeree in relation to whose | TALKTALK TELECOM GROUP PLC |
| relevant securities this form relates: | ||
| (c) | Name of the party to the offer with which exempt | TALKTALK TELECOM GROUP PLC |
| principal trader is connected | ||
| (d) | Date position held/dealing undertaken: | 08 October 2020 |
| (e) | In addition to the company in 1(b) above, is the exempt principal | NO |
| trader making disclosures in respect of any other party to the offer? |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
| Class of relevant security: | 0.1p ordinary | ||||
| Interests | Short Positions | ||||
| Number | (%) | Number | (%) | ||
(1) | Relevant securities owned | ||||
| and/or controlled: | 3,040,327 | 0.27% | 4,707,901 | 0.41% | |
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(2) | Cash-settled derivatives: |
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3,750,816 | 0.33% | 1,389,134 | 0.12% | ||
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(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |
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| TOTAL: | 6,791,143 | 0.59% | 6,097,035 | 0.53% | |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists: |
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Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) 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 3(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 | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit |
| security | securities | paid/received | paid/received | |
| 0.1p ordinary | Purchase | 1,882,037 | 0.9965 GBP | 0.9679 GBP |
| 0.1p ordinary | Sale | 3,675,333 | 1.0200 GBP | 0.92 GBP |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per |
| relevant | description | reference | unit | |
| security | securities | |||
| 0.1p ordinary | SWAP | Long | 1 | 0.9199 GBP |
| 0.1p ordinary | SWAP | Long | 9 | 0.9831 GBP |
| 0.1p ordinary | SWAP | Long | 29 | 0.9851 GBP |
| 0.1p ordinary | SWAP | Long | 84 | 0.9440 GBP |
| 0.1p ordinary | SWAP | Long | 117 | 0.9839 GBP |
| 0.1p ordinary | SWAP | Long | 377 | 0.9859 GBP |
| 0.1p ordinary | SWAP | Long | 385 | 0.9850 GBP |
| 0.1p ordinary | SWAP | Long | 565 | 0.9439 GBP |
| 0.1p ordinary | SWAP | Long | 683 | 0.9825 GBP |
| 0.1p ordinary | SWAP | Long | 775 | 0.9432 GBP |
| 0.1p ordinary | SWAP | Long | 965 | 0.9500 GBP |
| 0.1p ordinary | SWAP | Long | 1,319 | 0.9870 GBP |
| 0.1p ordinary | SWAP | Long | 1,587 | 0.9352 GBP |
| 0.1p ordinary | SWAP | Long | 3,409 | 0.9508 GBP |
| 0.1p ordinary | SWAP | Long | 4,184 | 0.9874 GBP |
| 0.1p ordinary | SWAP | Long | 4,353 | 0.9829 GBP |
| 0.1p ordinary | SWAP | Long | 4,463 | 0.9700 GBP |
| 0.1p ordinary | SWAP | Long | 6,892 | 0.9885 GBP |
| 0.1p ordinary | SWAP | Long | 7,991 | 0.9750 GBP |
| 0.1p ordinary | SWAP | Long | 9,682 | 0.9857 GBP |
| 0.1p ordinary | SWAP | Long | 16,792 | 0.9749 GBP |
| 0.1p ordinary | SWAP | Long | 21,389 | 0.9694 GBP |
| 0.1p ordinary | SWAP | Long | 25,084 | 0.9828 GBP |
| 0.1p ordinary | SWAP | Long | 41,862 | 0.9689 GBP |
| 0.1p ordinary | SWAP | Long | 50,000 | 0.9699 GBP |
| 0.1p ordinary | CFD | Long | 100,000 | 0.9241 GBP |
| 0.1p ordinary | SWAP | Long | 183,655 | 0.9687 GBP |
| 0.1p ordinary | SWAP | Long | 1,390,014 | 0.9568 GBP |
| 0.1p ordinary | CFD | Short | 37 | 0.9694 GBP |
| 0.1p ordinary | SWAP | Short | 125 | 0.9750 GBP |
| 0.1p ordinary | SWAP | Short | 20,000 | 0.9200 GBP |
| 0.1p ordinary | SWAP | Short | 33,779 | 0.9803 GBP |
| 0.1p ordinary | SWAP | Short | 100,000 | 0.9716 GBP |
| 0.1p ordinary | CFD | Short | 106,014 | 0.9846 GBP |
| 0.1p ordinary | CFD | Short | 178,285 | 0.9781 GBP |
| 0.1p ordinary | SWAP | Short | 182,392 | 0.9757 GBP |
| 0.1p ordinary | CFD | Short | 373,240 | 0.9750 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 |
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(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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4. 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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(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 9 Oct 2020 |
| Contact name: | Large Holdings Regulatory Operations |
| Telephone number: | 020 3134 7213 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
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