16 Mar 2018 10:10
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: | 15 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 Hammerson Plc |
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 | 368,369 578,235
105,063 | 2.0854 GBP 2.0873 GBP
34.8548 ZAR | 2.0350 GBP 2.0490 GBP
34.8548 ZAR |
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 | 25 4,879 57,265 402 1,641 11,118 13,639 44,080 40,362 8,012 60,026 31,651 78,200 2,861 149,263 190,211 424,328 509,726 3,400 3,020 141,568 207,550 8,098 105,063
5,430 1,249 25,659 513 23,175 88,521 102,797 1,740 6,031 14,001 9,548 43,623 75 3,260 3,135 1,903 3,400 101,922 207,550 11,118 149,263 23,681 15,965 190,211 509,726 424,328 | 2.0550 GBP 2.0566 GBP 2.0588 GBP 2.0600 GBP 2.0630 GBP 2.0650 GBP 2.0655 GBP 2.0663 GBP 2.0665 GBP 2.0676 GBP 2.0679 GBP 2.0691 GBP 2.0705 GBP 2.0733 GBP 2.0890 GBP 2.0900 GBP 2.1120 GBP 2.1190 GBP 33.6950 ZAR 33.7950 ZAR 33.9459 ZAR 33.9678 ZAR 34.2196 ZAR 34.8548 ZAR
2.0403 GBP 2.0451 GBP 2.0470 GBP 2.0478 GBP 2.0501 GBP 2.0540 GBP 2.0570 GBP 2.0581 GBP 2.0597 GBP 2.0670 GBP 2.0680 GBP 2.0681 GBP 2.0682 GBP 2.0720 GBP 2.0732 GBP 2.0810 GBP 33.6957 ZAR 33.8552 ZAR 33.9678 ZAR 34.1053 ZAR 34.1134 ZAR 34.1186 ZAR 34.2781 ZAR 34.3387 ZAR 34.6457 ZAR 34.6790 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 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.