12 Mar 2018 10:51
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: | 09 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
| 3290091 | 2.165147 GBP | 2.14464 GBP |
48/7p ordinary | Sell
| 2383234 | 2.25750 GBP | 2.14850 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 | 64445 | 2.23594227635969 GBP |
48/7p ordinary | CFD
| Long | 15325 | 2.24098923327896 GBP |
48/7p ordinary | CFD
| Long | 17230 | 2.24558154381892 GBP |
48/7p ordinary | CFD
| Long | 7571 | 2.17029718663321 GBP |
48/7p ordinary | CFD
| Long | 2429 | 2.16744750926307 GBP |
48/7p ordinary | CFD
| Long | 6000 | 2.1570075 GBP |
48/7p ordinary | CFD
| Long | 8828 | 2.247284 GBP |
48/7p ordinary | CFD
| Long | 28176 | 2.243102 GBP |
48/7p ordinary | CFD
| Long | 118190 | 2.234645 GBP |
48/7p ordinary | CFD
| Long | 221777 | 2.194652 GBP |
48/7p ordinary | CFD
| Long | 3499 | 2.239688 GBP |
48/7p ordinary | CFD
| Long | 28778 | 2.218989 GBP |
48/7p ordinary | CFD
| Long | 10268 | 2.200087 GBP |
48/7p ordinary | CFD
| Long | 1000 | 2.244 GBP |
48/7p ordinary | CFD
| Long | 5966 | 2.19806067717063 GBP |
48/7p ordinary | CFD
| Long | 6606 | 2.2097 GBP |
48/7p ordinary | CFD
| Long | 19811 | 2.247 GBP |
48/7p ordinary | CFD
| Short | 601335 | 2.165147 GBP |
48/7p ordinary | CFD
| Short | 22300 | 2.199503 GBP |
48/7p ordinary | CFD
| Short | 243347 | 2.229417 GBP |
48/7p ordinary | CFD
| Short | 12905 | 2.177 GBP |
48/7p ordinary | CFD
| Short | 22623 | 2.21528621314591 GBP |
48/7p ordinary | CFD
| Short | 3028 | 2.19903896961691 GBP |
48/7p ordinary | CFD
| Short | 63282 | 2.17264731 GBP |
48/7p ordinary | CFD
| Short | 7596 | 2.18004344391785 GBP |
48/7p ordinary | CFD
| Short | 728 | 2.172 GBP |
48/7p ordinary | CFD
| Short | 4781 | 2.16788328801506 GBP |
48/7p ordinary | CFD
| Short | 6000 | 2.161244 GBP |
48/7p ordinary | CFD
| Short | 25500 | 2.184759 GBP |
48/7p ordinary | CFD
| Short | 400000 | 2.1446425 GBP |
48/7p ordinary | CFD
| Short | 377 | 2.1886 GBP |
48/7p ordinary | CFD
| Short | 917 | 2.1896 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: | 12 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.