20 Aug 2019 16:45
AMENDMENT
DECREASED EQUITY PURCHASES BY 134,750 TO 60,541,607
DECREASED EQUITY SALES BY 329,000 TO 53,922,981
ADDED EQUITY SWAP SALES OF 404,250
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 | Cobham plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Joint Financial Advisor and Corporate Broker to Cobham PLC |
(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 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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Share | Purchase
Sale | 60,541,607
53,922,981 | 1.6660
1.6692 | 1.6008
1.6450 |
(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 (GBP) |
Ordinary Share | Equity Swap | Long
Short
| 111,794 3,545 10,097 175 71,494 246,519 2,862 96,870 31,652 177,894 4,846 6,350 9,565 83,398 101,795 1,551 30,861 387,471 1,981 12,930 10,993 4,022 247 1,201 9,011 39,043 83,597 150,000 126,755 364,505 67,654 22,440 21,693 21,158 581 2,556 32,462 20,224 13,157 17,953 1,865 16,220 197,980 1,659 1,970 47,620 15,972 10,526 790 10,830 262 82,902 1,000,000
2,000,000 1,500,000 250,000 1,000,000 71,794 72,749 49 42,162 180,498 1,295,000 300,000 1,673 12,461 1,515,110 204,364 141,899 99,097 95,380 221,228 113,072 1,000,000 3,114 194,040 128,637 313,463 39,446 100,000 30,110 1,500,000 99,515 5,468 269,500 12,343 808,500 | 1.6450 1.6487 1.6497 1.6500 1.6514 1.6515 1.6522 1.6528 1.6530 1.6535 1.6536 1.6537 1.6543 1.6545 1.6548 1.6549 1.6551 1.6553 1.6554 1.6560 1.6564 1.6566 1.6567 1.6568 1.6573 1.6575 1.6577 1.6578 1.6594 1.6603 1.6612 1.6617 1.6619 1.6620 1.6622 1.6625 1.6626 1.6628 1.6630 1.6631 1.6632 1.6633 1.6635 1.6639 1.6640 1.6646 1.6647 1.6649 1.6650 1.6656 1.6657 1.6664 1.6692
1.6008 1.6258 1.6266 1.6358 1.6450 1.6515 1.6527 1.6534 1.6535 1.6537 1.6539 1.6540 1.6541 1.6542 1.6544 1.6545 1.6546 1.6547 1.6550 1.6553 1.6554 1.6555 1.6557 1.6559 1.6566 1.6567 1.6569 1.6571 1.6576 1.6577 1.6583 1.6640 1.6642 1.6648 |
(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 |
Ordinary Share |
(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: | 20 August 2019 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
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.