Last checked at 14 Feb 2018 13:51
AMENDMENT
DECREASED EQUITY PURCASES BY 500,000 TO 7,098,696
ADDED EQUITY SWAP SALES OF 2,495,111
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: | 02 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 | 7,098,696
8,811,004 | 2.2360
2.2540 | 2.2022
2.2010 |
(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 | 5,857 113,096 302,783 260,111 4,415 3,300 4,470,000 88,422 2,540 14,646 9,236 753 13 760 53 16,581 2,025 1,134 43 39 4,074 4,444 8,979 19,692 62,041 250,206 2,163 10,312 4,111 35,003 14,858 3,738 13,187 26,018 8,208 19,643 260,111
155 59,646 62,076 5,289 985 8,549 6,041 1,444 7,204 2,880 26,484 23,644 1,605 640 1,718 3,192 2,267,766 816 | 2.2028 GBP 2.2029 GBP 2.2030 GBP 2.2066 GBP 2.2078 GBP 2.2117 GBP 2.2147 GBP 2.2189 GBP 2.2215 GBP 2.2225 GBP 2.2248 GBP 2.2254 GBP 2.2258 GBP 2.2259 GBP 2.2264 GBP 2.2266 GBP 2.2268 GBP 2.2269 GBP 2.2271 GBP 2.2273 GBP 2.2274 GBP 2.2275 GBP 2.2283 GBP 2.2286 GBP 2.2288 GBP 2.2290 GBP 2.2294 GBP 2.2297 GBP 2.2299 GBP 2.2300 GBP 2.2306 GBP 2.2308 GBP 2.2310 GBP 2.2320 GBP 2.2329 GBP 2.2349 GBP 3.1182 USD
2.2031 GBP 2.2032 GBP 2.2055 GBP 2.2078 GBP 2.2090 GBP 2.2166 GBP 2.2179 GBP 2.2191 GBP 2.2223 GBP 2.2231 GBP 2.2234 GBP 2.2246 GBP 2.2271 GBP 2.2280 GBP 2.2281 GBP 2.2290 GBP 2.2300 GBP 2.2330 GBP
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(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.