Last checked at 23 Apr 2024 11:37
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 | International Distributions Services plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial adviser to EP Corporate Group a.s |
(d) Date dealing undertaken: | 22 April 2024 |
(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 | Lowest price per unit paid/received |
1p ordinary | Purchase
Sale | 975,250
549,500 | 2.8740 GBP
2.8780 GBP | 2.7520 GBP
2.7500 GBP |
(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 |
1p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
| 11,672 737 17,643 7,560
4,288 27,042 17,234 221 3,000 542 3,387 7,965 29 8,853 8,145 4,873 12,879 13,089
11,202 16,494
17,018 6 1,846 41,627 17,995 38,995 35,194 1,930 481 2,882 1,530 8,710 19,159 4,507 200 | 2.7724 GBP 2.7776 GBP 2.7874 GBP 2.8111 GBP
2.7536 GBP 2.7540 GBP 2.7558 GBP 2.7566 GBP 2.7571 GBP 2.7687 GBP 2.7738 GBP 2.7758 GBP 2.7839 GBP 2.7974 GBP 2.7976 GBP 2.8013 GBP 2.8089 GBP 2.8448 GBP
2.8379 GBP 2.8452 GBP
2.7543 GBP 2.7723 GBP 2.7760 GBP 2.7872 GBP 2.7888 GBP 2.7904 GBP 2.7916 GBP 2.7928 GBP 2.7933 GBP 2.7951 GBP 2.8015 GBP 2.8067 GBP 2.8129 GBP 2.8244 GBP 2.8350 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 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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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) |
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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: | 23 April 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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.