11 Feb 2016 11:29
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 | Royal Dutch Shell Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | BG Group Plc |
(d) Date dealing undertaken: | 10 February 2016 |
(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 BG Group 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
|
Ordinary A Shares | Purchases
Sales | 1,204,162 1,685,354
1,902,771 1,456,581 | 14.8500 GBP 19.3350 EUR
14.8800 GBP 19.3200 EUR | 14.4350 GBP 18.7050 EUR
14.4050 GBP 18.7100 EUR |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received
| Lowest price per unit paid/received
|
Ordinary B Shares | Purchases
Sales
| 1,488,452 4,070
2,725,390 4,070 | 14.8600 GBP 19.4300 EUR
14.8900 GBP 19.0568 EUR | 14.4550 GBP 18.8300 EUR
14.4086 GBP 18.8800 EUR |
(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 A Shares | Equity Swaps
| Long
Short
| 893,000 15,567 780 5,633 112,281 225 438 8,763 7,424 152 3,096 161 117 2,363 111,311 3,183 118,252 13,450 1,467 10,400 525 140,000 48 935 7,853 999 10,000 10,000 14,280 41,448 203 300 1,700 2,208 184 5,000 3,139 58,781 4,996 821 3,086 391 4,561 24,747 803 67 14,368 1,403 85 32,632 120 426 37 953 371 111,548 50,000
50,000 7,424 421,263 197,204 22,661 332,941 574 348 7,864 3,474 100,000 25,238 3,419 16,926 8,829 2,800 | 14.5450 GBP 14.5848 GBP 14.5849 GBP 14.5852 GBP 14.5853 GBP 14.6035 GBP 14.6110 GBP 14.6113 GBP 14.6174 GBP 14.6218 GBP 14.6224 GBP 14.6363 GBP 14.6374 GBP 14.6375 GBP 14.6377 GBP 14.6385 GBP 14.6735 GBP 14.6762 GBP 14.6782 GBP 14.6865 GBP 14.6879 GBP 14.7216 GBP 14.7271 GBP 14.7336 GBP 14.7858 GBP 14.8283 GBP 18.7661 EUR 18.7829 EUR 18.8802 EUR 18.8972 EUR 18.8986 EUR 18.9000 EUR 18.9300 EUR 18.9314 EUR 18.9320 EUR 18.9343 EUR 18.9358 EUR 18.9415 EUR 18.9416 EUR 18.9525 EUR 18.9567 EUR 18.9640 EUR 18.9663 EUR 18.9877 EUR 18.9904 EUR 18.9922 EUR 19.0068 EUR 19.0179 EUR 19.0211 EUR 19.0223 EUR 19.0238 EUR 19.0260 EUR 19.0276 EUR 19.0278 EUR 19.0562 EUR 19.0687 EUR 19.1301 EUR
14.5111 GBP 14.5793 GBP 14.6110 GBP 14.6471 GBP 14.7625 GBP 18.9000 EUR 18.9132 EUR 18.9145 EUR 18.9175 EUR 18.9984 EUR 19.0000 EUR 19.0541 EUR 19.0691 EUR 19.0843 EUR 19.1933 EUR 19.2456 EUR |
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 B Shares | Equity Swap
| Long
Short
| 80 12,354 6,325 221 4,792 406 1,192 101 787 70 665 55 3,132 167 549,000 292 114 100 837 2,759 21,127 100,000 10,000 1,381 154,085 5,625 2,013 1,350 134,235 3,991
20,167 44,821 39,509 | 14.4086 GBP 14.4428 GBP 14.4438 GBP 14.4641 GBP 14.4770 GBP 14.4771 GBP 14.4828 GBP 14.4830 GBP 14.4843 GBP 14.4852 GBP 14.5006 GBP 14.5016 GBP 14.5321 GBP 14.5335 GBP 14.5750 GBP 14.5839 GBP 14.5935 GBP 14.5944 GBP 14.6133 GBP 14.6303 GBP 14.6325 GBP 14.6450 GBP 14.6602 GBP 14.6616 GBP 14.6985 GBP 14.7024 GBP 14.7118 GBP 14.7431 GBP 14.7443 GBP 14.7848 GBP
14.5739 GBP 14.5998 GBP 14.6530 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 (EUR) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (EUR) |
Ordinary A Shares | Put Option
Call Option | Selling
Selling
| 250,000
250,000
| 18.0000
19.0000
| American
American
| 19/02/16
19/02/16
| 0.3000
0.4900
|
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP)
|
Ordinary A Shares |
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
Ordinary B Shares |
(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) (GBP) |
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: | 11 February 2016 |
| Contact name: | Tung Le |
| Telephone number: | 020 7742 7272 |
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.