Last checked at 14 Feb 2018 13:50
AMENDMENT
INCREASED EQUITY SALES BY 243,197 TO 4,750,336
ADDED EQUITY SWAP PURCHASES OF 1,452,177
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: | 18 January 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 | 2,583,089
4,750,336 | 2.3571
2.3570 | 2.3350
2.3240 |
(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 | 775,000 235,728 1,906 1,228 5,488 2,736 2,338 198,252 1,977 7,862 8,618 2,046 1,211 8,230 39,755 151,796 532 16,000 79 1,287 1,064 267 14,642 324,706 243,197
3,818 77,883 10,741 190 21 39,019 1,384 58 155 745 89,790 26,434 28 85,594 8 9,466 7 34,368 48,205 15,761 34,367 365 47,414 4,100 1,263 31,358 170,909 105,885 3,545 | 2.3347 GBP 2.3364 GBP 2.3369 GBP 2.3375 GBP 2.3389 GBP 2.3394 GBP 2.3400 GBP 2.3402 GBP 2.3406 GBP 2.3411 GBP 2.3412 GBP 2.3417 GBP 2.3420 GBP 2.3421 GBP 2.3422 GBP 2.3432 GBP 2.3445 GBP 2.3446 GBP 2.3450 GBP 2.3459 GBP 2.3513 GBP 2.3568 GBP 2.3569 GBP 2.3570 GBP 3.2415 USD
2.3349 GBP 2.3373 GBP 2.3380 GBP 2.3381 GBP 2.3382 GBP 2.3387 GBP 2.3391 GBP 2.3394 GBP 2.3400 GBP 2.3401 GBP 2.3403 GBP 2.3404 GBP 2.3407 GBP 2.3408 GBP 2.3413 GBP 2.3414 GBP 2.3415 GBP 2.3416 GBP 2.3421 GBP 2.3422 GBP 2.3429 GBP 2.3430 GBP 2.3455 GBP 2.3463 GBP 2.3482 GBP 2.3525 GBP 2.3545 GBP 2.3570 GBP 2.3571 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: | 14 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.