31 Jul 2019 17:38
Amendment - due to the amendment of Derivative transactions, the disclosure made on 30 July for dealings on 25 July has been updated. Section 2(b) has been updated.
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 | COBHAM PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | AI CONVOY BIDCO LIMITED (AN INDIRECT SUBSIDIARY OF FUNDS MANAGED BY ADVENT INTERNATIONAL CORPORATION) |
(d) Date dealing undertaken: | 25 July 2019 |
(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 |
2.5p ordinary | Purchases | 13,622,590 | 1.6677 GBP | 1.6316 GBP |
2.5p ordinary | Sales | 8,274,973 | 1.6665 GBP | 1.6450 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 |
2.5p ordinary | CFD | Opening a short position | 252,600 | 1.6316 GBP |
2.5p ordinary | CFD | Opening a short position | 747,400 | 1.6316 GBP |
2.5p ordinary | CFD | Reducing a long position | 432,104 | 1.6324 GBP |
2.5p ordinary | CFD | Reducing a long position | 432,104 | 1.6324 GBP |
2.5p ordinary | CFD | Increasing a short position | 252,600 | 1.6408 GBP |
2.5p ordinary | CFD | Increasing a short position | 747,400 | 1.6408 GBP |
2.5p ordinary | CFD | Increasing a long position | 100 | 1.6498 GBP |
2.5p ordinary | CFD | Reducing a short position | 839,854 | 1.6506 GBP |
2.5p ordinary | CFD | Reducing a short position | 57,240 | 1.6506 GBP |
2.5p ordinary | CFD | Reducing a short position | 133,369 | 1.6506 GBP |
2.5p ordinary | CFD | Reducing a short position | 227,711 | 1.6512 GBP |
2.5p ordinary | CFD | Reducing a short position | 15,520 | 1.6512 GBP |
2.5p ordinary | CFD | Reducing a short position | 36,161 | 1.6512 GBP |
2.5p ordinary | CFD | Reducing a short position | 53,620 | 1.6515 GBP |
2.5p ordinary | CFD | Reducing a short position | 73,465 | 1.6515 GBP |
2.5p ordinary | CFD | Reducing a short position | 256,400 | 1.6516 GBP |
2.5p ordinary | CFD | Reducing a short position | 17,475 | 1.6516 GBP |
2.5p ordinary | CFD | Reducing a short position | 40,716 | 1.6516 GBP |
2.5p ordinary | CFD | Reducing a short position | 839,853 | 1.6520 GBP |
2.5p ordinary | CFD | Reducing a short position | 57,240 | 1.6520 GBP |
2.5p ordinary | CFD | Reducing a short position | 133,369 | 1.6520 GBP |
2.5p ordinary | CFD | Increasing a long position | 235 | 1.6522 GBP |
2.5p ordinary | CFD | Reducing a long position | 70,227 | 1.6523 GBP |
2.5p ordinary | CFD | Reducing a short position | 3,151 | 1.6540 GBP |
2.5p ordinary | CFD | Reducing a long position | 3,810 | 1.6544 GBP |
2.5p ordinary | CFD | Reducing a long position | 1,124 | 1.6547 GBP |
2.5p ordinary | CFD | Reducing a short position | 1,923,577 | 1.6550 GBP |
2.5p ordinary | CFD | Reducing a short position | 1,923,577 | 1.6550 GBP |
2.5p ordinary | CFD | Reducing a long position | 283,948 | 1.6550 GBP |
2.5p ordinary | CFD | Reducing a long position | 283,948 | 1.6550 GBP |
2.5p ordinary | CFD | Reducing a short position | 108,115 | 1.6552 GBP |
2.5p ordinary | CFD | Reducing a short position | 108,115 | 1.6552 GBP |
2.5p ordinary | CFD | Increasing a short position | 125,280 | 1.6556 GBP |
2.5p ordinary | CFD | Increasing a short position | 111,600 | 1.6556 GBP |
2.5p ordinary | CFD | Reducing a long position | 6,733 | 1.6558 GBP |
2.5p ordinary | CFD | Reducing a long position | 5,696 | 1.6558 GBP |
2.5p ordinary | CFD | Reducing a long position | 1,754 | 1.6558 GBP |
2.5p ordinary | CFD | Increasing a short position | 4,945 | 1.6566 GBP |
2.5p ordinary | CFD | Increasing a short position | 975 | 1.6566 GBP |
2.5p ordinary | CFD | Reducing a long position | 1,783,587 | 1.6567 GBP |
2.5p ordinary | CFD | Reducing a long position | 756 | 1.6567 GBP |
2.5p ordinary | CFD | Reducing a long position | 18,311 | 1.6570 GBP |
2.5p ordinary | CFD | Reducing a long position | 21,823 | 1.6573 GBP |
2.5p ordinary | CFD | Increasing a long position | 978 | 1.6576 GBP |
2.5p ordinary | CFD | Reducing a long position | 19,595 | 1.6592 GBP |
2.5p ordinary | CFD | Reducing a long position | 35 | 1.6600 GBP |
2.5p ordinary | CFD | Reducing a short position | 12,763 | 1.6604 GBP |
2.5p ordinary | CFD | Opening a short position | 558,320 | 1.6607 GBP |
2.5p ordinary | CFD | Opening a short position | 1,416,940 | 1.6607 GBP |
2.5p ordinary | CFD | Opening a short position | 24,740 | 1.6607 GBP |
2.5p ordinary | CFD | Opening a short position | 441,056 | 1.6620 GBP |
2.5p ordinary | CFD | Increasing a short position | 1,743 | 1.6630 GBP |
2.5p ordinary | CFD | Increasing a short position | 1,558,944 | 1.6638 GBP |
2.5p ordinary | CFD | Reducing a short position | 94,562 | 1.6644 GBP |
2.5p ordinary | CFD | Increasing a short position | 139,580 | 1.6645 GBP |
2.5p ordinary | CFD | Increasing a short position | 6,185 | 1.6645 GBP |
2.5p ordinary | CFD | Increasing a short position | 354,235 | 1.6645 GBP |
2.5p ordinary | CFD | Reducing a long position | 2,555 | 1.6645 GBP |
2.5p ordinary | CFD | Opening a short position | 77,500 | 1.6647 GBP |
2.5p ordinary | CFD | Opening a short position | 87,000 | 1.6647 GBP |
2.5p ordinary | CFD | Increasing a short position | 14,305 | 1.6648 GBP |
2.5p ordinary | CFD | Reducing a long position | 283,948 | 1.6658 GBP |
2.5p ordinary | CFD | Reducing a long position | 139,262 | 1.6678 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: | 31 July 2019 |
| 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 monitoring@disclosure.org.uk. 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.