Last checked at 20 Mar 2018 11:12
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 | Hammerson Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker & Advisor to Hammerson Plc |
(d) Date dealing undertaken: | 19 March 2018 |
(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" | Yes Intu Properties Plc & Klepierre S.A.
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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 Shares | Purchases
Sales | 19,796,473
23,670,858 | 5.6000
5.5760 | 5.3860
5.3840 |
(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 Shares | Equity Swaps
Call Option | Long
Short
Long | 666 1,788 1,000,000 614 614 1,173 4,433 885 15,441 3,155,279 134,989 759,049 13,570 199,889 49,928 3,403 155,582 3,060 155,798 18,441 1,898 942 8,954 576,324 1,220 5,824 24,604 50,229 8,466 1,212,918 35,493 882 104,555 42,231 10,000 1,250,000 25,500 1,250,000 1,117 1,051 681,890 514,740 99,616 299,946 380,375 164,607
34 803 5,653 10,000 176 46,942 2,769 123,297 1,396 20,180 68,583 59,655 10,978 38,660 174,255 2,267 1,369,475 41,300 17,471 136,142 8,411 499,297 18,710 491 30,716 626 4,358 70,014 46,467 4,979 135,220 2,597 18,223 74 230,093 2,336 10,000 750 84,940 13,949 702 3,100 1,051 2,141,174
620,000 | 5.4018 GBP 5.4052 GBP 5.4070 GBP 5.4097 GBP 5.4098 GBP 5.4104 GBP 5.4105 GBP 5.4118 GBP 5.4172 GBP 5.4206 GBP 5.4238 GBP 5.4240 GBP 5.4252 GBP 5.4265 GBP 5.4290 GBP 5.4306 GBP 5.4386 GBP 5.4391 GBP 5.4395 GBP 5.4426 GBP 5.4436 GBP 5.4450 GBP 5.4512 GBP 5.4532 GBP 5.4536 GBP 5.4546 GBP 5.4572 GBP 5.4636 GBP 5.4641 GBP 5.4716 GBP 5.4757 GBP 5.4769 GBP 5.4878 GBP 5.5020 GBP 5.5066 GBP 5.5075 GBP 5.5097 GBP 5.5260 GBP 5.5690 GBP 90.7462 ZAR 91.2807 ZAR 91.4509 ZAR 91.9653 ZAR 92.5015 ZAR 92.6368 ZAR 92.9931 ZAR
5.3962 GBP 5.3982 GBP 5.4105 GBP 5.4116 GBP 5.4250 GBP 5.4252 GBP 5.4260 GBP 5.4261 GBP 5.4268 GBP 5.4271 GBP 5.4275 GBP 5.4277 GBP 5.4315 GBP 5.4338 GBP 5.4339 GBP 5.4344 GBP 5.4363 GBP 5.4422 GBP 5.4535 GBP 5.4542 GBP 5.4591 GBP 5.4643 GBP 5.4706 GBP 5.4717 GBP 5.4727 GBP 5.4731 GBP 5.4743 GBP 5.4752 GBP 5.4784 GBP 5.4842 GBP 5.4894 GBP 5.4928 GBP 5.4990 GBP 5.5022 GBP 5.5043 GBP 5.5093 GBP 5.5110 GBP 5.5142 GBP 5.5145 GBP 5.5322 GBP 5.5403 GBP 5.5569 GBP 90.7462 ZAR 91.8998 ZAR
6.060 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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
(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) (GBP) |
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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: | 20 March 2018 |
| 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.