Last checked at 8 Feb 2018 17:28
AMENDMENT
INCREASED EQUITY SALES BY 410,319 TO 2,941,282
ADDED EQUITY SWAP PURCHASES OF 410,319
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: | 30 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 | 2,233,296
2,941,282 | 2.3050
2.3048 | 2.2790
2.2780 |
(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 | 372,500 20,138 34,713 65,246 114,151 2,226 4,100 535 26,358 5,030 20,073 28,709 21,988 483 106,615 2,387 5,221 3,106 666 525 725,460
2,599 1,404 823 25 131,054 12,115 4,220 11,204 10,686 1,711 111 35,070 63,780 8,265 74,780 7,659 106 40,512 111 1,408 25,926 2,387 188 1,100 3,868 4,634 4,119 392,813 6,509 3,930 46,629 2,212 | 2.2829 GBP 2.2836 GBP 2.2844 GBP 2.2849 GBP 2.2850 GBP 2.2857 GBP 2.2861 GBP 2.2864 GBP 2.2867 GBP 2.2876 GBP 2.2879 GBP 2.2891 GBP 2.2896 GBP 2.2897 GBP 2.2906 GBP 2.2915 GBP 2.2919 GBP 2.2962 GBP 2.3048 GBP 2.3050 GBP 3.2380 USD
2.2821 GBP 2.2831 GBP 2.2844 GBP 2.2846 GBP 2.2850 GBP 2.2852 GBP 2.2855 GBP 2.2858 GBP 2.2865 GBP 2.2871 GBP 2.2872 GBP 2.2877 GBP 2.2878 GBP 2.2880 GBP 2.2884 GBP 2.2890 GBP 2.2892 GBP 2.2894 GBP 2.2898 GBP 2.2901 GBP 2.2913 GBP 2.2915 GBP 2.2917 GBP 2.2921 GBP 2.2930 GBP 2.2932 GBP 2.2934 GBP 2.2938 GBP 2.2949 GBP 2.2961 GBP 2.2972 GBP 2.2973 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.