29 Oct 2018 15:10
AMENDMENT
INCREASED CONVERTIBLE BOND PURCHASES BY 3,900,000 TO 3,900,000
INCREASED CONVERTIBLE BOND SALES BY 1,000,000 TO 6,000,000
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: | 19 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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Share | Purchases
Sales | 8,073,236
10,338,433 | 2.0246
2.0270 | 1.9643
1.9605 |
Convertible Bond | Purchases
Sales | 3,900,000
6,000,000 | 96.6150
97.0000 | 96.6150
97.0000 |
(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 | 91,001 326,582 3,005,022 1,708,999 200,000 492,079 22,146 997,290 101,242 29,282 176,658 9,951 687 66,025 146,748 174,861 52,910 400,000 13,355 23,235 3,871 24,041 27,360 27,587 3,853 3,843 7,691 1,354 44,248 11,505 11,535 104,989
136 69 789 19,585 1,200 17,408 3,988 105 500,000 20,212 6,510 8,627 11,458 130,166 38,372 1,045 87,865 18,507 120,614 9,920 17 1,921 1,922 91 22,160 1,931 3,857,049 2,043 100,000 34,405 377 46,126 5,133 45,034 14,660 22,968 468 247,836 605 | 1.9791 GBP 1.9794 GBP 1.9852 GBP 1.9861 GBP 1.9880 GBP 1.9895 GBP 1.9918 GBP 1.9924 GBP 1.9926 GBP 1.9931 GBP 1.9939 GBP 1.9968 GBP 1.9969 GBP 1.9977 GBP 1.9984 GBP 1.9999 GBP 2.0000 GBP 2.0020 GBP 2.0109 GBP 2.0177 GBP 36.6300 ZAR 36.9224 ZAR 36.9557 ZAR 37.0000 ZAR 37.0013 ZAR 37.0063 ZAR 37.0082 ZAR 37.0390 ZAR 37.0421 ZAR 37.0810 ZAR 37.1108 ZAR 37.2000 ZAR
1.9661 GBP 1.9676 GBP 1.9711 GBP 1.9785 GBP 1.9791 GBP 1.9815 GBP 1.9819 GBP 1.9826 GBP 1.9834 GBP 1.9846 GBP 1.9868 GBP 1.9871 GBP 1.9885 GBP 1.9889 GBP 1.9898 GBP 1.9900 GBP 1.9905 GBP 1.9908 GBP 1.9951 GBP 1.9953 GBP 1.9961 GBP 1.9962 GBP 1.9967 GBP 1.9972 GBP 1.9991 GBP 1.9995 GBP 2.0000 GBP 2.0002 GBP 2.0004 GBP 2.0011 GBP 2.0026 GBP 2.0064 GBP 2.0089 GBP 2.0116 GBP 2.0246 GBP 36.9176 ZAR 36.9700 ZAR 37.0922 ZAR 37.1100 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: | 29 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.