Last checked at 13 Jul 2018 09:04
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | IWG plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Starwood Capital European Operations Limited |
(d) Date position held/dealing undertaken: For an open position disclosure, state the latest practicable date prior to the disclosure | 12 July 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" | NO |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
|
| |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 0 | 0.00% | 0 | 0.00% |
(2) Cash-settled derivatives:
| 0 | 0.00% | 0 | 0.00% |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% |
TOTAL: | 0 | 0.00% | 0 | 0.00% |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: |
|
Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) 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 | Purchase/sale
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
1p ordinary | Sell
| 55459 | 2.96600 GBP |
|
1p ordinary | Sell
| 1264 | 2.99000 GBP |
|
1p ordinary | Sell
| 4237 | 2.99200 GBP |
|
1p ordinary | Sell
| 1234 | 2.99300 GBP |
|
1p ordinary | Sell
| 710 | 2.99800 GBP |
|
1p ordinary | Sell
| 7188 | 2.99900 GBP |
|
1p ordinary | Sell
| 1292 | 3.00000 GBP |
|
1p ordinary | Sell
| 5777 | 3.00050 GBP |
|
1p ordinary | Sell
| 6089 | 3.00100 GBP |
|
1p ordinary | Sell
| 1341 | 3.00200 GBP |
|
1p ordinary | Sell
| 2527 | 3.00400 GBP |
|
1p ordinary | Sell
| 2725 | 3.00450 GBP |
|
1p ordinary | Sell
| 7463 | 3.00500 GBP |
|
1p ordinary | Sell
| 3041 | 3.00600 GBP |
|
1p ordinary | Sell
| 2323 | 3.00800 GBP |
|
1p ordinary | Sell
| 1337 | 3.00850 GBP |
|
1p ordinary | Sell
| 1383 | 3.00900 GBP |
|
1p ordinary | Sell
| 3252 | 3.01000 GBP |
|
1p ordinary | Sell
| 3247 | 3.01050 GBP |
|
1p ordinary | Sell
| 6742 | 3.01100 GBP |
|
1p ordinary | Sell
| 1176 | 3.01150 GBP |
|
1p ordinary | Sell
| 3717 | 3.01200 GBP |
|
1p ordinary | Sell
| 3507 | 3.01300 GBP |
|
1p ordinary | Sell
| 2668 | 3.01350 GBP |
|
1p ordinary | Sell
| 1229 | 3.01400 GBP |
|
1p ordinary | Sell
| 2609 | 3.01500 GBP |
|
1p ordinary | Sell
| 1278 | 3.01700 GBP |
|
1p ordinary | Sell
| 1783 | 3.01800 GBP |
|
1p ordinary | Sell
| 1186 | 3.01850 GBP |
|
1p ordinary | Sell
| 1268 | 3.02050 GBP |
|
1p ordinary | Sell
| 2454 | 3.02200 GBP |
|
1p ordinary | Sell
| 1146 | 3.02300 GBP |
|
1p ordinary | Sell
| 330 | 3.02500 GBP |
|
1p ordinary | Sell
| 770 | 3.02550 GBP |
|
1p ordinary | Sell
| 2425 | 3.02600 GBP |
|
1p ordinary | Sell
| 2507 | 3.02700 GBP |
|
1p ordinary | Sell
| 3207 | 3.02800 GBP |
|
1p ordinary | Sell
| 1309 | 3.02900 GBP |
|
1p ordinary | Sell
| 513 | 3.02950 GBP |
|
1p ordinary | Sell
| 4067 | 3.03000 GBP |
|
1p ordinary | Sell
| 473 | 3.03100 GBP |
|
1p ordinary | Sell
| 4508 | 3.03200 GBP |
|
1p ordinary | Sell
| 236 | 3.03250 GBP |
|
1p ordinary | Sell
| 2424 | 3.03300 GBP |
|
1p ordinary | Sell
| 2179 | 3.03400 GBP |
|
1p ordinary | Sell
| 1320 | 3.03500 GBP |
|
1p ordinary | Sell
| 2823 | 3.03600 GBP |
|
1p ordinary | Sell
| 324 | 3.03650 GBP |
|
1p ordinary | Sell
| 1274 | 3.03700 GBP |
|
1p ordinary | Sell
| 104 | 3.03750 GBP |
|
1p ordinary | Sell
| 1742 | 3.03800 GBP |
|
1p ordinary | Sell
| 2835 | 3.03900 GBP |
|
1p ordinary | Sell
| 26 | 3.03950 GBP |
|
1p ordinary | Sell
| 12036 | 3.04000 GBP |
|
1p ordinary | Sell
| 442 | 3.04050 GBP |
|
1p ordinary | Sell
| 186 | 3.04100 GBP |
|
1p ordinary | Sell
| 3741 | 3.04200 GBP |
|
1p ordinary | Sell
| 2320 | 3.04300 GBP |
|
1p ordinary | Sell
| 8347 | 3.04600 GBP |
|
1p ordinary | Sell
| 5483 | 3.04700 GBP |
|
1p ordinary | Sell
| 255 | 3.04750 GBP |
|
1p ordinary | Sell
| 6389 | 3.04800 GBP |
|
1p ordinary | Sell
| 5015 | 3.04900 GBP |
|
1p ordinary | Sell
| 1573 | 3.04950 GBP |
|
1p ordinary | Sell
| 7201 | 3.05000 GBP |
|
1p ordinary | Sell
| 9622 | 3.05100 GBP |
|
1p ordinary | Sell
| 4260 | 3.05200 GBP |
|
1p ordinary | Sell
| 54 | 3.05250 GBP |
|
1p ordinary | Sell
| 1298 | 3.05300 GBP |
|
1p ordinary | Sell
| 2598 | 3.05500 GBP |
|
1p ordinary | Sell
| 275 | 3.05550 GBP |
|
1p ordinary | Sell
| 1160 | 3.05600 GBP |
|
1p ordinary | Sell
| 1366 | 3.05700 GBP |
|
1p ordinary | Sell
| 1272 | 3.05800 GBP |
|
| TOTAL BUY :
| 0 |
|
|
| TOTAL SALE :
| 252941 |
|
|
(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 |
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(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 | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
|
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(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(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) |
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4. 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
|
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 13 July 2018 |
| Contact name: | Wendy Dent |
| Telephone number: | +44 (0)207 568 1245 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
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.