16 Apr 2018 11:00
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: | 13 April 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 (GBP)
| Lowest price per unit paid/received (GBP)
|
Ordinary Shares | Purchases
Sales | 3,641,150
2,228,974 | 2.1980
2.1990 | 2.1155
2.1206 |
Convertible Bond 2022 | Purchases | 2,200,000 | 99.5500 | 99.0500 |
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 | 14,630 18,010 2,482 39 5,980 794 6,784 105,180 6,599 25,645 435,477 2,324 33,728 213 213 227,871 14,551 44,863 672 584,624 121,425 35,196
1,538 72,275 4,295 3,741 3,517 9,601 30,261 98,566 6,977 3,249 10,853 16,732 472 456 54,750 60,673 73,960 672 619,820 117,179 4,246 | 2.1239 GBP 2.1268 GBP 2.1289 GBP 2.1395 GBP 2.1406 GBP 2.1418 GBP 2.1443 GBP 2.1454 GBP 2.1460 GBP 2.1486 GBP 2.1492 GBP 2.1498 GBP 2.1504 GBP 2.1543 GBP 2.1558 GBP 2.1567 GBP 2.1601 GBP 2.1624 GBP 36.4180 ZAR 36.8134 ZAR 36.9433 ZAR 37.5061 ZAR
2.1171 GBP 2.1385 GBP 2.1484 GBP 2.1575 GBP 2.1576 GBP 2.1615 GBP 2.1651 GBP 2.1663 GBP 2.1686 GBP 2.1694 GBP 2.1695 GBP 2.1703 GBP 2.1711 GBP 2.1712 GBP 2.1798 GBP 2.1960 GBP 2.1961 GBP 36.4180 ZAR 36.8538 ZAR 36.9272 ZAR 37.4200 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 April 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.