17 Feb 2020 10:49
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: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | NMC Health plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker & Financial Adviser to NMC Health. |
(d) Date dealing undertaken: | 14 February 2020 |
(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" | N/A |
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 |
Ordinary Share | Purchase
Sale | 254,476
793,035 | 8.2305 GBP
8.2280 GBP | 7.6025 GBP
7.5900 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 |
Ordinary Share | Equity Swap | Long
Short
| 610 47,000 24,466 1,563 7,900 96,021 232,638 5,105 519 9,448 27,094 4,532 89,230 521 19,314 33,450 18,088 3,827 39,306 3,168 8,091 405 6,787 402 5,658 3,386
110 2,374 641 1,209 232 1,023 1,014 952 63,059 189 225 20 9,487 12,296 5,584 41,375 2,916 15,147 6,787 190 328 | 7.6259 GBP 7.6945 GBP 7.7149 GBP 7.7348 GBP 7.7496 GBP 7.7499 GBP 7.7500 GBP 7.7529 GBP 7.7599 GBP 7.7789 GBP 7.8015 GBP 7.8151 GBP 7.8531 GBP 7.8673 GBP 7.8680 GBP 7.8753 GBP 7.8755 GBP 7.9116 GBP 7.9286 GBP 7.9440 GBP 7.9499 GBP 7.9734 GBP 7.9844 GBP 8.0213 GBP 8.1688 GBP 8.1820 GBP
7.6040 GBP 7.6125 GBP 7.6149 GBP 7.6257 GBP 7.6311 GBP 7.6362 GBP 7.6644 GBP 7.7062 GBP 7.7500 GBP 7.7502 GBP 7.7508 GBP 7.7580 GBP 7.7706 GBP 7.7862 GBP 7.8663 GBP 7.8835 GBP 7.9764 GBP 7.9796 GBP 8.0002 GBP 8.0502 GBP 8.1385 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 |
Ordinary Share |
(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: | 17 February 2020 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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.