16 Nov 2018 10:21
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: | 15 November 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 | 680,129
1,095,191 | 1.9520
1.9445 | 1.8219
1.8205 |
Convertible Bond | Purchases
Sales | -
500,000 | -
95.2500 | -
95.2500 |
(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 | 1,690 3,379 74,650 74,883 5,182 1,110 37,178 1,642 53,235 19,396 26,842 36,112 59,808 22,982 1,369 2,386 5,058 14,728 8,357 446 59,987
17,580 53,806 946 59,920 418 1,912 890 999 31,228 52,433 7,428 7,917 3,467 45,372 2,721 5,475 6,890 20,712 10,401 28,874 | 1.8260 GBP 1.8290 GBP 1.8544 GBP 1.8545 GBP 1.8564 GBP 1.8582 GBP 1.8739 GBP 1.8794 GBP 1.8955 GBP 1.9000 GBP 1.9127 GBP 1.9171 GBP 1.9319 GBP 1.9325 GBP 1.9349 GBP 1.9354 GBP 1.9387 GBP 1.9388 GBP 1.9398 GBP 1.9415 GBP 34.1096 ZAR
1.8464 GBP 1.8545 GBP 1.8546 GBP 1.8570 GBP 1.8575 GBP 1.8577 GBP 1.8590 GBP 1.8631 GBP 1.8650 GBP 1.8663 GBP 1.8671 GBP 1.8672 GBP 1.8690 GBP 1.8742 GBP 1.8744 GBP 1.9193 GBP 1.9520 GBP 33.8780 ZAR 33.9100 ZAR 34.3496 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: | 16 November 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.