Last checked at 3 Apr 2018 11:01
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: | 29 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
| 22655420 | 2.31396 GBP | 2.20900 GBP |
48/7p ordinary | Sell
| 17896836 | 2.31200 GBP | 2.215998 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 | 1700000 | 2.30769 GBP |
48/7p ordinary | CFD
| Long | 50000 | 2.2977 GBP |
48/7p ordinary | CFD
| Long | 2757566 | 2.29357 GBP |
48/7p ordinary | CFD
| Long | 1337664 | 2.3009 GBP |
48/7p ordinary | CFD
| Long | 335286 | 2.29693725 GBP |
48/7p ordinary | CFD
| Long | 218923 | 2.26071869 GBP |
48/7p ordinary | CFD
| Long | 630234 | 2.304171 GBP |
48/7p ordinary | CFD
| Long | 841639 | 2.3051 GBP |
48/7p ordinary | CFD
| Long | 420820 | 2.268411 GBP |
48/7p ordinary | CFD
| Long | 280546 | 2.30885 GBP |
48/7p ordinary | CFD
| Short | 50000 | 2.223721 GBP |
48/7p ordinary | CFD
| Short | 2081600 | 2.24547075 GBP |
48/7p ordinary | CFD
| Short | 850000 | 2.313234 GBP |
48/7p ordinary | CFD
| Short | 1560454 | 2.30598386 GBP |
48/7p ordinary | CFD
| Short | 38792 | 2.25398149102908 GBP |
48/7p ordinary | CFD
| Short | 59000 | 2.31396271186441 GBP |
48/7p ordinary | CFD
| Short | 162959 | 2.25100884271504 GBP |
48/7p ordinary | CFD
| Short | 13249 | 2.24029813570836 GBP |
48/7p ordinary | CFD
| Short | 422500 | 2.222278 GBP |
48/7p ordinary | CFD
| Short | 4930 | 2.22984584178499 GBP |
48/7p ordinary | CFD
| Short | 11808 | 2.31046239837398 GBP |
48/7p ordinary | CFD
| Short | 19064 | 2.267403 GBP |
48/7p ordinary | CFD
| Short | 6213 | 2.291091 GBP |
48/7p ordinary | CFD
| Short | 54035 | 2.29 GBP |
48/7p ordinary | CFD
| Short | 317586 | 2.31034649 GBP |
48/7p ordinary | CFD
| Short | 267614 | 2.286548 GBP |
48/7p ordinary | CFD
| Short | 120723 | 2.2231 GBP |
48/7p ordinary | CFD
| Short | 2372 | 2.209 GBP |
48/7p ordinary | CFD
| Short | 10000 | 2.297544 GBP |
48/7p ordinary | CFD
| Short | 96961 | 2.249041 GBP |
48/7p ordinary | CFD
| Short | 100000 | 2.249581 GBP |
48/7p ordinary | CFD
| Short | 100000 | 2.289833 GBP |
48/7p ordinary | CFD
| Short | 100000 | 2.25418 GBP |
48/7p ordinary | CFD
| Short | 100000 | 2.268275 GBP |
48/7p ordinary | CFD
| Short | 100000 | 2.228619 GBP |
48/7p ordinary | CFD
| Short | 1602448 | 2.27323497 GBP |
48/7p ordinary | CFD
| Short | 320000 | 2.30632513 GBP |
48/7p ordinary | CFD
| Short | 44700 | 2.237496 GBP |
48/7p ordinary | CFD
| Short | 500000 | 2.25913 GBP |
48/7p ordinary | CFD
| Short | 312725 | 2.24308362 GBP |
48/7p ordinary | CFD
| Short | 36559 | 2.235753 GBP |
48/7p ordinary | CFD
| Short | 63441 | 2.227593 GBP |
48/7p ordinary | CFD
| Short | 250000 | 2.233382 GBP |
48/7p ordinary | CFD
| Short | 85562 | 2.290956 GBP |
48/7p ordinary | CFD
| Short | 3141434 | 2.26041892 GBP |
48/7p ordinary | CFD
| Short | 400000 | 2.219534 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: | 3 April 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.