Last checked at 12 Apr 2018 10:43
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: | 11 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 | 3,820,231
3,508,512 | 5.3400
5.3180 | 5.1400
5.1400 |
(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
| 44,005 3,012 3,687 80,000 3,435 100,000 90,390 35,000 9,160 80,208 1,419 94,287 17,461 163 33,449 1,785 17,378 71,815 6,915 29,601 73,995 2,155 3,510 3,435 72,836 26,078 2,295 23,526
2,777 128,693 1,008 15,913 17,294 159,297 1,046 49,663 324,000 15,662 8,949 3,629 189,239 6,863 6,852 8,599 1,368 3,790 6,681 155,742 384 799 72,836 29,513 2,295 23,526 | 5.1387 GBP 5.1516 GBP 5.1518 GBP 5.1553 GBP 5.1559 GBP 5.1598 GBP 5.1748 GBP 5.1831 GBP 5.1861 GBP 5.1936 GBP 5.2008 GBP 5.2138 GBP 5.2149 GBP 5.2180 GBP 5.2213 GBP 5.2271 GBP 5.2278 GBP 5.2296 GBP 5.2297 GBP 5.2303 GBP 5.2426 GBP 5.2836 GBP 5.2840 GBP 87.9100 ZAR 88.5547 ZAR 88.9200 ZAR 89.1978 ZAR 89.3793 ZAR
5.1583 GBP 5.1674 GBP 5.1675 GBP 5.1724 GBP 5.1734 GBP 5.1746 GBP 5.1749 GBP 5.1775 GBP 5.1802 GBP 5.1830 GBP 5.1906 GBP 5.1935 GBP 5.1952 GBP 5.1995 GBP 5.2140 GBP 5.2144 GBP 5.2152 GBP 5.3049 GBP 5.3107 GBP 5.3178 GBP 5.3342 GBP 5.3402 GBP 88.5547 ZAR 88.8051 ZAR 89.1995 ZAR 89.3820 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: | 12 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.