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6 Mar 2018 16:27
Amendment - due to the amendment of Derivative transactions, the disclosure made on 05 March for dealings on 01 March has been updated. Section 2(b) has been updated.
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: | (GS) GOLDMAN SACHS INTERNATIONAL |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | LAIRD PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | AI LADDER LIMITED A WHOLLY-OWNED INDIRECT SUBSIDIARY OF FUNDS MANAGED BY ADVENT INTERNATIONAL CORPORATION |
(d) Date dealing undertaken: | 01 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 the 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 | Lowest price per unit paid/received |
28.125p ordinary | Purchases | 8,089,775 | 2.0270 GBP | 1.9947 GBP |
28.125p ordinary | Sales | 1,445,605 | 2.0240 GBP | 1.1680 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 |
28.125p ordinary | CFD | Reducing a short position | 1,209,998 | 1.1680 GBP |
28.125p ordinary | CFD | Reducing a long position | 250,000 | 1.9947 GBP |
28.125p ordinary | CFD | Opening a short position | 95,281 | 2.0004 GBP |
28.125p ordinary | CFD | Opening a short position | 130,407 | 2.0020 GBP |
28.125p ordinary | CFD | Opening a short position | 6,311 | 2.0066 GBP |
28.125p ordinary | CFD | Opening a short position | 500,000 | 2.0068 GBP |
28.125p ordinary | CFD | Reducing a long position | 250,000 | 2.0074 GBP |
28.125p ordinary | CFD | Opening a short position | 327,000 | 2.0084 GBP |
28.125p ordinary | CFD | Opening a short position | 173,000 | 2.0084 GBP |
28.125p ordinary | CFD | Reducing a short position | 6,311 | 2.0086 GBP |
28.125p ordinary | CFD | Reducing a short position | 18,900 | 2.0099 GBP |
28.125p ordinary | CFD | Increasing a short position | 173,000 | 2.0105 GBP |
28.125p ordinary | CFD | Increasing a short position | 327,000 | 2.0105 GBP |
28.125p ordinary | CFD | Reducing a short position | 10,733 | 2.0110 GBP |
28.125p ordinary | CFD | Increasing a short position | 173,000 | 2.0113 GBP |
28.125p ordinary | CFD | Increasing a short position | 327,000 | 2.0113 GBP |
28.125p ordinary | CFD | Increasing a short position | 173,000 | 2.0119 GBP |
28.125p ordinary | CFD | Increasing a short position | 327,000 | 2.0119 GBP |
28.125p ordinary | CFD | Opening a short position | 381,125 | 2.0145 GBP |
28.125p ordinary | CFD | Opening a short position | 462,526 | 2.0153 GBP |
28.125p ordinary | CFD | Increasing a short position | 533,575 | 2.0210 GBP |
28.125p ordinary | CFD | Opening a short position | 148,638 | 2.0224 GBP |
28.125p ordinary | CFD | Opening a short position | 190,563 | 2.0230 GBP |
28.125p ordinary | CFD | Reducing a long position | 312,094 | 2.0239 GBP |
28.125p ordinary | CFD | Increasing a short position | 500,000 | 2.0248 GBP |
28.125p ordinary | CFD | Increasing a short position | 500,000 | 2.0255 GBP |
28.125p ordinary | CFD | Increasing a short position | 500,000 | 2.0255 GBP |
28.125p ordinary | CFD | Opening a short position | 381,125 | 2.0260 GBP |
28.125p ordinary | CFD | Reducing a long position | 62,243 | 2.0260 GBP |
28.125p ordinary | CFD | Increasing a short position | 500,000 | 2.0270 GBP |
28.125p ordinary | CFD | Increasing a short position | 500,000 | 2.0270 GBP |
28.125p ordinary | CFD | Increasing a short position | 500,000 | 2.0270 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: | 06 March 2018 |
| Contact name: | Kashif Rafiq and Papa Lette |
| Telephone number: | +44(20) 7051 0547 / +44(20) 7774 7442 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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