Last checked at 16 Feb 2018 10:55
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: | 15 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 |
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
| 3761375 | 2.30150 GBP | 2.22500 GBP |
48/7p ordinary | Sell
| 4607644 | 2.30150 GBP | 2.21304 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 | 4450 | 2.284933 GBP |
48/7p ordinary | CFD
| Long | 6966 | 2.285327 GBP |
48/7p ordinary | CFD
| Long | 23392 | 2.28366 GBP |
48/7p ordinary | CFD
| Long | 44079 | 2.271662 GBP |
48/7p ordinary | CFD
| Long | 3930 | 2.277522 GBP |
48/7p ordinary | CFD
| Long | 7110 | 2.282905 GBP |
48/7p ordinary | CFD
| Long | 11628 | 2.285347 GBP |
48/7p ordinary | CFD
| Long | 13456 | 2.28212916 GBP |
48/7p ordinary | CFD
| Long | 9300 | 2.273834 GBP |
48/7p ordinary | CFD
| Long | 536 | 2.275 GBP |
48/7p ordinary | CFD
| Long | 8556 | 2.27744389901823 GBP |
48/7p ordinary | CFD
| Long | 48216 | 2.285633 GBP |
48/7p ordinary | CFD
| Long | 1269 | 2.284 GBP |
48/7p ordinary | CFD
| Long | 292262 | 2.213104 GBP |
48/7p ordinary | CFD
| Long | 584523 | 2.2714 GBP |
48/7p ordinary | CFD
| Long | 3054 | 2.281853 GBP |
48/7p ordinary | CFD
| Long | 76773 | 2.268234 GBP |
48/7p ordinary | CFD
| Long | 75676 | 2.274024 GBP |
48/7p ordinary | CFD
| Long | 65879 | 2.283599 GBP |
48/7p ordinary | CFD
| Long | 4600 | 2.264609 GBP |
48/7p ordinary | CFD
| Long | 8100 | 2.266481 GBP |
48/7p ordinary | CFD
| Long | 1178 | 2.259 GBP |
48/7p ordinary | CFD
| Long | 11022 | 2.265505 GBP |
48/7p ordinary | CFD
| Short | 410 | 2.28 GBP |
48/7p ordinary | CFD
| Short | 745 | 2.27 GBP |
48/7p ordinary | CFD
| Short | 4752 | 2.249871 GBP |
48/7p ordinary | CFD
| Short | 1914 | 2.269649 GBP |
48/7p ordinary | CFD
| Short | 7350 | 2.268041 GBP |
48/7p ordinary | CFD
| Short | 3200 | 2.248656 GBP |
48/7p ordinary | CFD
| Short | 100 | 2.2622 GBP |
48/7p ordinary | CFD
| Short | 10600 | 2.26833962264151 GBP |
48/7p ordinary | CFD
| Short | 28249 | 2.27271337038479 GBP |
48/7p ordinary | CFD
| Short | 31051 | 2.27328040964864 GBP |
48/7p ordinary | CFD
| Short | 107761 | 2.27071027551712 GBP |
48/7p ordinary | CFD
| Short | 1281 | 2.28342701014832 GBP |
48/7p ordinary | CFD
| Short | 8000 | 2.273455 GBP |
48/7p ordinary | CFD
| Short | 81151 | 2.27495335855381 GBP |
48/7p ordinary | CFD
| Short | 87807 | 2.27693076861754 GBP |
48/7p ordinary | CFD
| Short | 28477 | 2.275394 GBP |
48/7p ordinary | CFD
| Short | 1100 | 2.2792 GBP |
48/7p ordinary | CFD
| Short | 13292 | 2.2703378 GBP |
48/7p ordinary | CFD
| Short | 10000 | 2.279946 GBP |
48/7p ordinary | CFD
| Short | 19536 | 2.278091 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 February 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.