12 Oct 2018 10:40
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 | Intu Properties PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor to a consortium comprising The Peel Group, The Olayan Group and funds or vehicles which are managed or advised by Brookfield Property Group |
(d) Date dealing undertaken: | 11 October 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" | 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 |
Ordinary Share | Purchases
Sales | 1,561,587 16,471
1,895,163 | 1.8385 GBP 34.9987 ZAR
1.8425 GBP | 1.8270 GBP 34.9987 ZAR
1.8274 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
|
Ordinary Share | Equity Swap
| Long
Short | 72,264 52,932 1,127 7,881 97,021 190,296 56,467 1,035 100,199 2,880 556,985 23,968 3,499 28,124 53,902 2,624 3,500 435,915 358,102 16,471 165,931 10,626 12,461 12,197 4,954 200 145 4,175 4,143
218 174,822 1,752 8,212 5,980 206,316 5,515 46,896 45,394 484,855 2,624 18,221 331,077 19,311 2,331 16,471 1,008,849 | 1.8279 GBP 1.8280 GBP 1.8290 GBP 1.8297 GBP 1.8299 GBP 1.8309 GBP 1.8310 GBP 1.8312 GBP 1.8313 GBP 1.8317 GBP 1.8322 GBP 1.8323 GBP 1.8327 GBP 1.8331 GBP 1.8338 GBP 1.8365 GBP 1.8366 GBP 34.9897 ZAR 34.9962 ZAR 35.0006 ZAR 35.0223 ZAR 35.0386 ZAR 35.0465 ZAR 35.0496 ZAR 35.0500 ZAR 35.0800 ZAR 35.0900 ZAR 35.1600 ZAR 35.2000 ZAR
1.8271 GBP 1.8280 GBP 1.8281 GBP 1.8295 GBP 1.8300 GBP 1.8312 GBP 1.8316 GBP 1.8317 GBP 1.8319 GBP 1.8320 GBP 1.8322 GBP 1.8326 GBP 1.8329 GBP 1.8342 GBP 1.8349 GBP 35.0006 ZAR 35.0023 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) |
|
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
|
(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
|
| Date of disclosure: | 12 October 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.