6 Nov 2019 11:21
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: | 5 November 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 | 10,631,944
9,483,110 | 1.5996
1.5995 | 1.5650
1.5658 |
(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 |
Ordinary Share | Equity Swap | Long
Short
| 1,960 63,769 320,460 3,603 6,142 54,018 1,386 148,102 1,505 10,181 1,478 6,884 624,381 784,709 24,077
100,000 232,639 123,278 150,000 200,000 37,533 432,500 1,034 11,377 61,081 3,182 3,049 483,861 80,000 123,486 110,119 250,000 16,227 424,094 6,376 274,700 17,113 6,646 | 1.5657 GBP 1.5669 GBP 1.5670 GBP 1.5674 GBP 1.5676 GBP 1.5679 GBP 1.5688 GBP 1.5693 GBP 1.5694 GBP 1.5697 GBP 1.5698 GBP 1.5701 GBP 1.5710 GBP 1.5924 GBP 1.5980 GBP
1.5651 GBP 1.5670 GBP 1.5671 GBP 1.5680 GBP 1.5684 GBP 1.5685 GBP 1.5686 GBP 1.5687 GBP 1.5688 GBP 1.5689 GBP 1.5693 GBP 1.5695 GBP 1.5701 GBP 1.5712 GBP 1.5726 GBP 1.5731 GBP 1.5758 GBP 1.5882 GBP 1.5979 GBP 1.5980 GBP 1.5982 GBP 1.5990 GBP 1.5996 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 |
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: | 6 November 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.