Last checked at 5 Mar 2018 10:57
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 | Melrose Industries plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | GKN Plc |
(d) Date dealing undertaken: | 02 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 this offer? If it is a cash offer or possible cash offer, state "N/A" | YES GKN 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 | Lowest price per unit paid/received |
48/7p ordinary | Buy
| 4049102 | 2.259232 GBP | 2.15000 GBP |
48/7p ordinary | Sell
| 3296679 | 2.24400 GBP | 2.15000 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 |
48/7p ordinary | CFD
| Long | 607 | 2.18177924217463 GBP |
48/7p ordinary | CFD
| Long | 457 | 2.15855579868709 GBP |
48/7p ordinary | CFD
| Long | 13661 | 2.18541395212649 GBP |
48/7p ordinary | CFD
| Long | 441248 | 2.178074 GBP |
48/7p ordinary | CFD
| Long | 29438 | 2.187616 GBP |
48/7p ordinary | CFD
| Long | 5400 | 2.190241 GBP |
48/7p ordinary | CFD
| Long | 17900 | 2.188352 GBP |
48/7p ordinary | CFD
| Long | 4322 | 2.17156409069875 GBP |
48/7p ordinary | CFD
| Long | 2276 | 2.174828 GBP |
48/7p ordinary | CFD
| Long | 50267 | 2.155 GBP |
48/7p ordinary | CFD
| Long | 474902 | 2.189848 GBP |
48/7p ordinary | CFD
| Long | 342 | 2.175 GBP |
48/7p ordinary | CFD
| Long | 33913 | 2.185207 GBP |
48/7p ordinary | CFD
| Long | 845 | 2.176772 GBP |
48/7p ordinary | CFD
| Long | 12942 | 2.18532607015917 GBP |
48/7p ordinary | CFD
| Long | 132333 | 2.16799740049723 GBP |
48/7p ordinary | CFD
| Long | 11966 | 2.17925455457129 GBP |
48/7p ordinary | CFD
| Long | 116 | 2.18086206896552 GBP |
48/7p ordinary | CFD
| Long | 91 | 2.15857142857143 GBP |
48/7p ordinary | CFD
| Long | 25906 | 2.17422720605265 GBP |
48/7p ordinary | CFD
| Long | 85921 | 2.16477764458049 GBP |
48/7p ordinary | CFD
| Long | 2150 | 2.17985581395349 GBP |
48/7p ordinary | CFD
| Long | 135 | 2.18081481481481 GBP |
48/7p ordinary | CFD
| Long | 4326 | 2.18063569116967 GBP |
48/7p ordinary | CFD
| Long | 4389 | 2.18098655730235 GBP |
48/7p ordinary | CFD
| Long | 600 | 2.172429 GBP |
48/7p ordinary | CFD
| Short | 7042 | 2.159079 GBP |
48/7p ordinary | CFD
| Short | 1603 | 2.21 GBP |
48/7p ordinary | CFD
| Short | 562179 | 2.19007 GBP |
48/7p ordinary | CFD
| Short | 13641 | 2.161098 GBP |
48/7p ordinary | CFD
| Short | 3143 | 2.160491 GBP |
48/7p ordinary | CFD
| Short | 33467 | 2.16647686 GBP |
48/7p ordinary | CFD
| Short | 548529 | 2.170503 GBP |
48/7p ordinary | CFD
| Short | 2182 | 2.17193400549954 GBP |
48/7p ordinary | CFD
| Short | 16800 | 2.178406 GBP |
48/7p ordinary | CFD
| Short | 3000 | 2.18316833 GBP |
48/7p ordinary | CFD
| Short | 1682 | 2.183162 GBP |
48/7p ordinary | CFD
| Short | 6000 | 2.181383 GBP |
48/7p ordinary | CFD
| Short | 964922 | 2.259232 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: | 05 March 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.