15 Oct 2018 10:23
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: | 12 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 | 1,717,981
1,797,863 | 1.8515
1.8586 | 1.8240
1.8300 |
(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 | 733,213 1,868 635,386 1,983 27,676 78,698 15,830 4,450 25,820 5,721 53,828 23,740 48,569 21,037 2,686 477 5,980 30,539 1,662 110,755 9,866 8,496 4,248 16,882 9,631 34,776 20,936 16,382
733,213 12,259 55,835 1,372 4,170 7,182 242,023 71,907 18,972 20,660 180,617 11,977 24,375 6,605 4,000 5,796 4,504 4,521 75,292 130,157 197,196 34,776 | 1.8290 GBP 1.8328 GBP 1.8330 GBP 1.8332 GBP 1.8333 GBP 1.8342 GBP 1.8346 GBP 1.8356 GBP 1.8362 GBP 1.8364 GBP 1.8365 GBP 1.8371 GBP 1.8379 GBP 1.8381 GBP 1.8422 GBP 1.8440 GBP 1.8445 GBP 1.8469 GBP 1.8660 GBP 34.6202 ZAR 34.6400 ZAR 34.6450 ZAR 34.6500 ZAR 34.6530 ZAR 34.6679 ZAR 34.6919 ZAR 34.7392 ZAR 34.7900 ZAR
1.8290 GBP 1.8326 GBP 1.8328 GBP 1.8336 GBP 1.8339 GBP 1.8343 GBP 1.8347 GBP 1.8350 GBP 1.8351 GBP 1.8355 GBP 1.8357 GBP 1.8362 GBP 1.8375 GBP 1.8387 GBP 1.8401 GBP 1.8407 GBP 1.8410 GBP 1.8421 GBP 1.8441 GBP 1.8470 GBP 34.6558 ZAR 34.6919 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: | 15 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.