Last checked at 16 Mar 2018 10:31
This announcement replaces the previous RNS announcement 8475H released at 10:32 am on the 15th March 2018. Amendment made to section 2 (a). All other information remains unchanged
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: | UBS Investment Bank, London |
(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: | GKN Plc |
(d) Date dealing undertaken: | 14 March 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 |
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 | Lowest price per unit paid/received |
48/7p ordinary | Buy
| 3394256 | 2.20830 GBP | 2.16309 GBP |
48/7p ordinary | Sell
| 5047183 | 2.20700 GBP | 2.16309 GBP |
(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 |
48/7p ordinary | CFD
| Long | 668831 | 2.182 GBP |
48/7p ordinary | CFD
| Long | 19911 | 2.19411 GBP |
48/7p ordinary | CFD
| Long | 22478 | 2.19130572114957 GBP |
48/7p ordinary | CFD
| Long | 8530 | 2.19243610785463 GBP |
48/7p ordinary | CFD
| Long | 9992 | 2.19595276220977 GBP |
48/7p ordinary | CFD
| Long | 65186 | 2.19740527107048 GBP |
48/7p ordinary | CFD
| Long | 15264 | 2.19193527253669 GBP |
48/7p ordinary | CFD
| Long | 52550 | 2.19605328258801 GBP |
48/7p ordinary | CFD
| Long | 29911 | 2.17418675403698 GBP |
48/7p ordinary | CFD
| Long | 26958 | 2.18556606573188 GBP |
48/7p ordinary | CFD
| Long | 17131 | 2.17278559336875 GBP |
48/7p ordinary | CFD
| Long | 7086 | 2.1994594976009 GBP |
48/7p ordinary | CFD
| Long | 15128 | 2.196483 GBP |
48/7p ordinary | CFD
| Long | 540800 | 2.170791 GBP |
48/7p ordinary | CFD
| Long | 25117 | 2.185 GBP |
48/7p ordinary | CFD
| Long | 68100 | 2.195451 GBP |
48/7p ordinary | CFD
| Long | 676000 | 2.18594 GBP |
48/7p ordinary | CFD
| Long | 1000000 | 2.20599365 GBP |
48/7p ordinary | CFD
| Long | 64963 | 2.202093 GBP |
48/7p ordinary | CFD
| Long | 14786 | 2.201606 GBP |
48/7p ordinary | CFD
| Long | 73707 | 2.201765 GBP |
48/7p ordinary | CFD
| Long | 22894 | 2.201871 GBP |
48/7p ordinary | CFD
| Long | 37307 | 2.196947 GBP |
48/7p ordinary | CFD
| Long | 101400 | 2.20303993 GBP |
48/7p ordinary | CFD
| Short | 112 | 2.197 GBP |
48/7p ordinary | CFD
| Short | 3739 | 2.171978 GBP |
48/7p ordinary | CFD
| Short | 11521 | 2.186872 GBP |
48/7p ordinary | CFD
| Short | 36208 | 2.1697 GBP |
48/7p ordinary | CFD
| Short | 4246 | 2.20014130946773 GBP |
48/7p ordinary | CFD
| Short | 47262 | 2.201764 GBP |
48/7p ordinary | CFD
| Short | 81814 | 2.2083 GBP |
48/7p ordinary | CFD
| Short | 134517 | 2.184839 GBP |
48/7p ordinary | CFD
| Short | 25117 | 2.185 GBP |
48/7p ordinary | CFD
| Short | 24800 | 2.207 GBP |
48/7p ordinary | CFD
| Short | 12517 | 2.20071354 GBP |
48/7p ordinary | CFD
| Short | 289 | 2.206308 GBP |
48/7p ordinary | CFD
| Short | 482606 | 2.195252 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 | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
(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) |
|
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 |
| Date of disclosure: | 16 March 2018 |
| Contact name: | Wendy Dent |
| Telephone number: | +44 (0)207 568 1245 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
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.