Last checked at 8 Feb 2018 17:29
AMENDMENT
INCREASED EQUITY PURCASES BY 265,074 TO 3,673,637
ADDED EQUITY SWAP SALES OF 171,842
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 | Melrose Industries plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker and Financial Advisor to GKN Plc |
(d) Date dealing undertaken: | 01 February 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
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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 Shares | Purchases
Sales | 3,673,637
9,716,752 | 2.2990
2.2931 | 2.2400
2.2350 |
(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 Shares | Equity Swaps
| Long
Short | 400,775 561 3,288,715 794 36,820 10,346 19,200 16,850 5,475 854 2,980,000 2,684 2,821 3,751 520 59,660 7,184 2,685 856 30,476 32,226 10,306 17,807 4,350 384,957
1 2,127 400,775 4,284 41,574 19,908 4,280 5,977 64,375 44,180 1,392 152,633 2,400 4,276 998 20,110 14,425 92,798 29,034 26,207 117,686 36,713 8,263 1,477 999 9,235 197 508 19,543 130,268 2 108,115 | 2.2421 GBP 2.2440 GBP 2.2450 GBP 2.2510 GBP 2.2518 GBP 2.2541 GBP 2.2556 GBP 2.2573 GBP 2.2593 GBP 2.2649 GBP 2.2654 GBP 2.2655 GBP 2.2670 GBP 2.2679 GBP 2.2690 GBP 2.2745 GBP 2.2760 GBP 2.2775 GBP 2.2780 GBP 2.2805 GBP 2.2810 GBP 2.2815 GBP 2.2821 GBP 2.2827 GBP 3.2019 USD
2.2360 GBP 2.2406 GBP 2.2427 GBP 2.2441 GBP 2.2442 GBP 2.2451 GBP 2.2457 GBP 2.2475 GBP 2.2476 GBP 2.2484 GBP 2.2491 GBP 2.2495 GBP 2.2497 GBP 2.2500 GBP 2.2510 GBP 2.2518 GBP 2.2521 GBP 2.2522 GBP 2.2526 GBP 2.2594 GBP 2.2609 GBP 2.2662 GBP 2.2675 GBP 2.2741 GBP 2.2798 GBP 2.2804 GBP 2.2814 GBP 2.2818 GBP 2.2850 GBP 2.2859 GBP 2.2880 GBP 2.2939 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 (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) |
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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) (GBP) |
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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
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| Date of disclosure: | 08 February 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.