21 Mar 2018 10:08
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: | Corporate Broker & Financial Advisor to Hammerson Plc |
(d) Date dealing undertaken: | 20 March 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" | Yes
|
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 Shares | Purchases
Sales | 3,945,830
1,369,185 | 2.1750
2.1750 | 2.1161
2.1134 |
Convertible Bond 2022 | ||||
Convertible Bond 2018 |
(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 Shares | Equity Swaps
| Long
Short | 51,530 215,937 176,495 483 277 35,097 17,223 7,418 10,096 18,209 10,752 2,901 37,522 58,974 3,405 2,679 5,892 1,582 6,599 11,008 154,506 19,189
1,427 79,045 39,299 264 7,017 25,086 3,795 17,429 13,790 2,371 35,900 194,000 100,641 53,989 5,865 20,437 31,644 3,552 783 242,527 51,530 215,937 237 136,410 17,841 19,189 18 | 2.1240 GBP 2.1280 GBP 2.1301 GBP 2.1340 GBP 2.1390 GBP 2.1398 GBP 2.1424 GBP 2.1459 GBP 2.1471 GBP 2.1472 GBP 2.1495 GBP 2.1498 GBP 2.1517 GBP 2.1520 GBP 2.1562 GBP 2.1578 GBP 2.1598 GBP 2.1608 GBP 2.1612 GBP 2.1618 GBP 35.8731 ZAR 36.1500 ZAR
2.1223 GBP 2.1232 GBP 2.1238 GBP 2.1241 GBP 2.1246 GBP 2.1267 GBP 2.1286 GBP 2.1301 GBP 2.1313 GBP 2.1323 GBP 2.1324 GBP 2.1353 GBP 2.1369 GBP 2.1428 GBP 2.1492 GBP 2.1503 GBP 2.1525 GBP 2.1600 GBP 2.1601 GBP 2.1620 GBP 34.8761 ZAR 35.0694 ZAR 35.7900 ZAR 35.8578 ZAR 36.0001 ZAR 36.1511 ZAR 36.1600 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) |
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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
|
(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: | 21 March 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.