Last checked at 20 Apr 2018 10:30
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 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
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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 | 3,652,368
3,862,084 | 5.2200
5.2200 | 5.1208
5.1220 |
(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
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Ordinary Shares | Equity Swaps
| Long
Short
| 98,807 936 4,308 1,988 6,664 4,042 5,470 78,175 11,665 314,921 44,226 23,698 8,983 1,462 67,003 5 10,370 113,680 45,069 16 3,516 104,492 3,776 137,664 65,117 11,908 9,612 5,491 7,890 373,119 2,448 4,158 72,565 15,765 61,913 3,399 2,150 541 20,164
3,770 468 10,598 113,273 1,770 8,886 9,386 41,955 154 29,787 193,984 233,774 892 2,565 111,893 1,380 61,913 541 770 | 5.1375 GBP 5.1379 GBP 5.1437 GBP 5.1538 GBP 5.1556 GBP 5.1576 GBP 5.1640 GBP 5.1753 GBP 5.1795 GBP 5.1806 GBP 5.1811 GBP 5.1817 GBP 5.1818 GBP 5.1850 GBP 5.1859 GBP 5.1860 GBP 5.1866 GBP 5.1879 GBP 5.1881 GBP 5.1918 GBP 5.1919 GBP 5.1920 GBP 5.1936 GBP 5.1938 GBP 5.1939 GBP 5.1940 GBP 5.1942 GBP 5.1944 GBP 5.1955 GBP 5.1973 GBP 5.2009 GBP 5.2055 GBP 87.6491 ZAR 87.8200 ZAR 87.9276 ZAR 88.0000 ZAR 88.0483 ZAR 88.1974 ZAR 88.2511 ZAR
5.1418 GBP 5.1440 GBP 5.1579 GBP 5.1716 GBP 5.1734 GBP 5.1793 GBP 5.1837 GBP 5.1887 GBP 5.1922 GBP 5.1923 GBP 5.1924 GBP 5.1940 GBP 5.1983 GBP 5.2027 GBP 87.7950 ZAR 87.9050 ZAR 87.9276 ZAR 88.2000 ZAR 88.3100 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) |
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(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
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(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 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.