Last checked at 24 Jul 2018 09:19
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: | 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 dealing undertaken: | 23 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. 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 |
1p ordinary | Buy
| 450274 | 3.04800 GBP | 2.97399 GBP |
1p ordinary | Sell
| 513105 | 3.04800 GBP | 2.97399 GBP |
(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 |
1p ordinary | CFD
| Long | 4643 | 2.98422356235193 GBP |
1p ordinary | CFD
| Long | 51221 | 2.9936 GBP |
1p ordinary | CFD
| Long | 8357 | 2.98247098240996 GBP |
1p ordinary | CFD
| Long | 4310 | 3.01494 GBP |
1p ordinary | CFD
| Long | 23788 | 2.997521 GBP |
1p ordinary | CFD
| Long | 7300 | 3.003096 GBP |
1p ordinary | CFD
| Long | 2600 | 3.004769 GBP |
1p ordinary | CFD
| Long | 900 | 3.013 GBP |
1p ordinary | CFD
| Long | 2800 | 3.0045 GBP |
1p ordinary | CFD
| Long | 89523 | 2.99524883 GBP |
1p ordinary | CFD
| Long | 5300 | 3.001552 GBP |
1p ordinary | CFD
| Long | 42523 | 3.00398577 GBP |
1p ordinary | CFD
| Long | 24872 | 3.003073 GBP |
1p ordinary | CFD
| Short | 2500 | 2.9862 GBP |
1p ordinary | CFD
| Short | 4773 | 3.014 GBP |
1p ordinary | CFD
| Short | 67 | 2.97925373134328 GBP |
1p ordinary | CFD
| Short | 86173 | 3.038313 GBP |
1p ordinary | CFD
| Short | 2599 | 2.99222008464794 GBP |
1p ordinary | CFD
| Short | 100 | 2.98797 GBP |
1p ordinary | CFD
| Short | 2385 | 2.988 GBP |
1p ordinary | CFD
| Short | 2502 | 2.98727018385292 GBP |
1p ordinary | CFD
| Short | 6012 | 2.988089 GBP |
1p ordinary | CFD
| Short | 1627 | 2.99980331899201 GBP |
1p ordinary | CFD
| Short | 15573 | 2.995605 GBP |
1p ordinary | CFD
| Short | 3974 | 3.005448 GBP |
1p ordinary | CFD
| Short | 2832 | 2.98450211864407 GBP |
1p ordinary | CFD
| Short | 760 | 2.9913 GBP |
1p ordinary | CFD
| Short | 7151 | 2.9879471402601 GBP |
1p ordinary | CFD
| Short | 11045 | 2.995164 GBP |
(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 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
(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) |
|
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: | 24 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.