Last checked at 21 Feb 2018 10:52
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: | 20 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
| 1627159 | 2.24800 GBP | 2.22384 GBP |
48/7p ordinary | Sell
| 676307 | 2.24801 GBP | 2.22295 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 | 2260 | 2.244478 GBP |
48/7p ordinary | CFD
| Long | 3688 | 2.244254 GBP |
48/7p ordinary | CFD
| Long | 4539 | 2.242028 GBP |
48/7p ordinary | CFD
| Long | 169 | 2.233 GBP |
48/7p ordinary | CFD
| Long | 7026 | 2.243881 GBP |
48/7p ordinary | CFD
| Long | 1300 | 2.237 GBP |
48/7p ordinary | CFD
| Long | 3870 | 2.23955297157623 GBP |
48/7p ordinary | CFD
| Long | 2608 | 2.23509969325153 GBP |
48/7p ordinary | CFD
| Long | 4152 | 2.24052 GBP |
48/7p ordinary | CFD
| Long | 20800 | 2.237513 GBP |
48/7p ordinary | CFD
| Long | 41520 | 2.248 GBP |
48/7p ordinary | CFD
| Long | 18766 | 2.2303325162528 GBP |
48/7p ordinary | CFD
| Long | 60 | 2.2398 GBP |
48/7p ordinary | CFD
| Long | 21404 | 2.22980050457858 GBP |
48/7p ordinary | CFD
| Long | 10700 | 2.244542 GBP |
48/7p ordinary | CFD
| Long | 1222 | 2.23981178396072 GBP |
48/7p ordinary | CFD
| Long | 6031 | 2.23 GBP |
48/7p ordinary | CFD
| Short | 1000 | 2.23 GBP |
48/7p ordinary | CFD
| Short | 6498 | 2.233557 GBP |
48/7p ordinary | CFD
| Short | 496729 | 2.232859 GBP |
48/7p ordinary | CFD
| Short | 1200 | 2.233667 GBP |
48/7p ordinary | CFD
| Short | 16504 | 2.24133603974794 GBP |
48/7p ordinary | CFD
| Short | 66472 | 2.243712 GBP |
48/7p ordinary | CFD
| Short | 1300 | 2.245 GBP |
48/7p ordinary | CFD
| Short | 6031 | 2.242 GBP |
48/7p ordinary | CFD
| Short | 30194 | 2.244068 GBP |
48/7p ordinary | CFD
| Short | 54300 | 2.241444 GBP |
48/7p ordinary | CFD
| Short | 53469 | 2.23812770016271 GBP |
48/7p ordinary | CFD
| Short | 36705 | 2.23838795804386 GBP |
48/7p ordinary | CFD
| Short | 31259 | 2.23855049745673 GBP |
48/7p ordinary | CFD
| Short | 4567 | 2.23680096343333 GBP |
48/7p ordinary | CFD
| Short | 37472 | 2.2381079205807 GBP |
48/7p ordinary | CFD
| Short | 37172 | 2.23893791025503 GBP |
48/7p ordinary | CFD
| Short | 25273 | 2.24238080164603 GBP |
48/7p ordinary | CFD
| Short | 10083 | 2.24211048299117 GBP |
48/7p ordinary | CFD
| Short | 65375 | 2.237511 GBP |
48/7p ordinary | CFD
| Short | 110264 | 2.24024187 GBP |
48/7p ordinary | CFD
| Short | 6800 | 2.23865 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: | 21 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.