Last checked at 8 Feb 2018 17:28
AMENDMENT
INCREASED EQUITY PURCASES BY 92 TO 3,089,706
INCREASED EQUITY SALES BY 424,425 TO 6,607,266
ADDED EQUITY SWAP PURCHASES OF 424,425
ADDED EQUITY SWAP SALES OF 92
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: | 31 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 | 3,089,706
6,607,266 | 2.2930
2.2910 | 2.2590
2.2580 |
(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 | 4,030 3,195 1,349 6,143 1,290 7,068 175 142,005 297,139 8,940 12,351 84,608 4,098 417,200 73,479 3,288,715 575 6,000 2,477 5,040 7,087 985 10,794 3,724 45,511
4,185 6,460 168,594 12,976 508 2,843 2,491 80 274 55,706 8,173 67,708 11,781 102,929 90,747 14,088 666 11,209 31,082 67,616 5,483 54 8,069 55,539 17,190 4,198 81 9,950 5,624 3,170 21,560 12 808 92 9,430 3,535 | 2.2585 GBP 2.2592 GBP 2.2610 GBP 2.2611 GBP 2.2615 GBP 2.2620 GBP 2.2638 GBP 2.2639 GBP 2.2640 GBP 2.2678 GBP 2.2681 GBP 2.2725 GBP 2.2750 GBP 2.2773 GBP 2.2782 GBP 2.2810 GBP 2.2827 GBP 2.2830 GBP 2.2834 GBP 2.2848 GBP 2.2853 GBP 2.2854 GBP 2.2858 GBP 2.2864 GBP 3.2223 USD
2.2610 GBP 2.2611 GBP 2.2615 GBP 2.2618 GBP 2.2631 GBP 2.2638 GBP 2.2641 GBP 2.2645 GBP 2.2650 GBP 2.2652 GBP 2.2653 GBP 2.2669 GBP 2.2673 GBP 2.2695 GBP 2.2704 GBP 2.2709 GBP 2.2728 GBP 2.2747 GBP 2.2749 GBP 2.2750 GBP 2.2751 GBP 2.2752 GBP 2.2763 GBP 2.2764 GBP 2.2766 GBP 2.2768 GBP 2.2772 GBP 2.2775 GBP 2.2778 GBP 2.2798 GBP 2.2799 GBP 2.2802 GBP 2.2803 GBP 2.2814 GBP 2.2818 GBP 2.2847 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.