Last checked at 15 Jun 2018 10:48
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| (a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||
| (b) | Name of offeror/offeree in relation to whose | INFORMA PLC | |||
| relevant securities this form relates: | |||||
| (c) | Name of the party to the offer with which exempt | INFORMA PLC | |||
| principal trader is connected | |||||
| (d) | Date position held/dealing undertaken: | 14 June 2018 | |||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||
| trader making disclosures in respect of any other party to the offer? | UBM PLC |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
| Class of relevant security: | 0.1p ordinary | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 4,350,438 | 0.53% | 14,935,458 | 1.81% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 12,099,605 | 1.47% | 1,723,164 | 0.21% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 16,450,043 | 2.00% | 16,658,622 | 2.02% | |||||||
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
| Class of relevant security in relation to which subscription right exists: | |
| Details, including nature of the rights concerned and relevant percentages: |
3. DEALINGS (IF ANY) 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 3(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 | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||||
| security | securities | paid/received | paid/received | ||||||
| 0.1p ordinary | Purchase | 49,121,477 | 8.3466 GBP | 8.04 GBP | |||||
| 0.1p ordinary | Sale | 59,912,616 | 8.3463 GBP | 8.04 GBP |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| 0.1p ordinary | CFD | Long | 7 | 8.3457 GBP | |||||
| 0.1p ordinary | SWAP | Long | 300 | 8.2776 GBP | |||||
| 0.1p ordinary | CFD | Long | 537 | 8.3035 GBP | |||||
| 0.1p ordinary | SWAP | Long | 637 | 8.3171 GBP | |||||
| 0.1p ordinary | SWAP | Long | 1,425 | 8.3456 GBP | |||||
| 0.1p ordinary | CFD | Long | 2,180 | 8.1993 GBP | |||||
| 0.1p ordinary | SWAP | Long | 4,102 | 8.1619 GBP | |||||
| 0.1p ordinary | CFD | Long | 4,840 | 8.3332 GBP | |||||
| 0.1p ordinary | CFD | Long | 5,000 | 8.2553 GBP | |||||
| 0.1p ordinary | SWAP | Long | 5,114 | 8.2792 GBP | |||||
| 0.1p ordinary | CFD | Long | 5,184 | 8.1437 GBP | |||||
| 0.1p ordinary | CFD | Long | 6,227 | 8.0628 GBP | |||||
| 0.1p ordinary | SWAP | Long | 6,770 | 8.1294 GBP | |||||
| 0.1p ordinary | CFD | Long | 11,138 | 8.3415 GBP | |||||
| 0.1p ordinary | SWAP Expires 18/07/2019 | Long | 16,238 | 8.1421 GBP | |||||
| 0.1p ordinary | CFD | Long | 20,870 | 8.2794 GBP | |||||
| 0.1p ordinary | SWAP | Long | 25,021 | 8.1990 GBP | |||||
| 0.1p ordinary | CFD | Long | 29,943 | 8.2471 GBP | |||||
| 0.1p ordinary | SWAP | Long | 31,801 | 8.1973 GBP | |||||
| 0.1p ordinary | SWAP | Long | 37,456 | 8.2238 GBP | |||||
| 0.1p ordinary | SWAP | Long | 52,826 | 8.2789 GBP | |||||
| 0.1p ordinary | CFD | Long | 55,002 | 8.2557 GBP | |||||
| 0.1p ordinary | SWAP | Long | 63,603 | 8.1840 GBP | |||||
| 0.1p ordinary | CFD | Long | 64,812 | 8.2832 GBP | |||||
| 0.1p ordinary | SWAP | Long | 64,812 | 8.2832 GBP | |||||
| 0.1p ordinary | SWAP | Long | 81,978 | 8.3261 GBP | |||||
| 0.1p ordinary | SWAP | Long | 113,584 | 8.2390 GBP | |||||
| 0.1p ordinary | CFD | Long | 138,187 | 8.2829 GBP | |||||
| 0.1p ordinary | CFD | Long | 151,821 | 8.2826 GBP | |||||
| 0.1p ordinary | CFD | Long | 198,413 | 8.2294 GBP | |||||
| 0.1p ordinary | SWAP | Long | 255,983 | 8.2322 GBP | |||||
| 0.1p ordinary | CFD | Long | 450,285 | 8.3453 GBP | |||||
| 0.1p ordinary | SWAP | Long | 457,766 | 8.3460 GBP | |||||
| 0.1p ordinary | CFD | Long | 483,347 | 8.3061 GBP | |||||
| 0.1p ordinary | SWAP | Long | 670,340 | 8.3351 GBP | |||||
| 0.1p ordinary | SWAP | Long | 724,233 | 8.2707 GBP | |||||
| 0.1p ordinary | SWAP | Long | 854,096 | 8.3203 GBP | |||||
| 0.1p ordinary | SWAP | Long | 1,148,401 | 8.3045 GBP | |||||
| 0.1p ordinary | SWAP Expires 18/07/2019 | Long | 1,155,000 | 8.3435 GBP | |||||
| 0.1p ordinary | CFD | Long | 1,595,120 | 8.3452 GBP | |||||
| 0.1p ordinary | SWAP | Long | 1,595,120 | 8.3452 GBP | |||||
| 0.1p ordinary | CFD | Long | 1,645,297 | 8.3454 GBP | |||||
| 0.1p ordinary | CFD | Short | 234 | 8.2051 GBP | |||||
| 0.1p ordinary | SWAP | Short | 400 | 8.1960 GBP | |||||
| 0.1p ordinary | SWAP | Short | 1,000 | 8.3154 GBP | |||||
| 0.1p ordinary | SWAP | Short | 2,073 | 8.1305 GBP | |||||
| 0.1p ordinary | SWAP | Short | 7,000 | 8.2669 GBP | |||||
| 0.1p ordinary | CFD | Short | 7,699 | 8.2242 GBP | |||||
| 0.1p ordinary | CFD | Short | 11,986 | 8.1311 GBP | |||||
| 0.1p ordinary | SWAP | Short | 14,552 | 8.1520 GBP | |||||
| 0.1p ordinary | SWAP | Short | 17,305 | 8.2797 GBP | |||||
| 0.1p ordinary | CFD | Short | 20,291 | 8.2872 GBP | |||||
| 0.1p ordinary | CFD | Short | 24,424 | 8.1312 GBP | |||||
| 0.1p ordinary | SWAP | Short | 37,457 | 8.2176 GBP | |||||
| 0.1p ordinary | SWAP | Short | 40,581 | 8.3460 GBP | |||||
| 0.1p ordinary | CFD | Short | 50,028 | 8.2643 GBP | |||||
| 0.1p ordinary | SWAP | Short | 111,236 | 8.2792 GBP | |||||
| 0.1p ordinary | SWAP | Short | 199,375 | 8.1619 GBP | |||||
| 0.1p ordinary | CFD | Short | 334,715 | 8.3466 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 |
(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) |
4. 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 |
(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 |
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||
| Date of disclosure: | 15 Jun 2018 | ||
| Contact name: | Femi Badmos | ||
| Telephone number: | 020 3555 1125 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
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