Last checked at 16 Apr 2018 11:01
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: | 13 April 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 | 3,561,214
4,964,046 | 4.7560
4.7590 | 4.4780
4.4910 |
(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
| Long
Short
| 898 552,259 10,712 19,084 15,142 75,000 75,000 63,932 139,346 3,209 60,000 3,831 9,749 3,847 1,766 10,876 367 30,089 72,173 390 160,439 80,200 1,420 10,741
33,508 72,387 88,780 6,090 13,426 7,725 24,293 44,086 8,748 3,209 7,849 66,627 18,505 15,315 26,236 408,006 1,370 11,700 21,449 3,635 6,215 23,659 12,352 50 4,389 146,398 80,200 1,420 10,741 3,677 2,996 7,368 | 4.5700 GBP 4.5844 GBP 4.6097 GBP 4.6267 GBP 4.6289 GBP 4.6377 GBP 4.6477 GBP 4.6553 GBP 4.6772 GBP 4.6941 GBP 4.7042 GBP 4.7045 GBP 4.7063 GBP 4.7189 GBP 4.7240 GBP 4.7258 GBP 4.7297 GBP 4.7298 GBP 4.7299 GBP 4.7496 GBP 79.0385 ZAR 79.3226 ZAR 80.7299 ZAR 81.1400 ZAR
4.4968 GBP 4.5359 GBP 4.5466 GBP 4.5470 GBP 4.5679 GBP 4.5820 GBP 4.5881 GBP 4.5914 GBP 4.5956 GBP 4.5982 GBP 4.6016 GBP 4.6060 GBP 4.6078 GBP 4.6125 GBP 4.6264 GBP 4.6310 GBP 4.6373 GBP 4.6390 GBP 4.6591 GBP 4.6982 GBP 4.7089 GBP 4.7094 GBP 4.7179 GBP 4.7300 GBP 4.7311 GBP 78.8058 ZAR 79.3226 ZAR 80.7316 ZAR 81.1416 ZAR 81.2500 ZAR 81.5100 ZAR 81.6048 ZAR |
(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: | 16 April 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.