5 Feb 2016 11:02
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: | 04 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 | 1,367,343 1,116,437
1,375,660 1,995,901 | 15.4200 GBP 20.2800 EUR
15.4300 GBP 20.2800 EUR | 14.8600 GBP 19.6300 EUR
14.8650 GBP 19.7150 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
| 1,643,524
993,016 | 15.3805
15.4150 | 14.3336
14.8900 |
(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
| 106,299 200,000 117,355 58,927 484 30,000 328,645 15,000 27,390 30,000 1,270 20,000 12,080 13,624 20,000 100,000 2,250 1,178 200,000 500,000 20,000 25,000 10,000
29,129 450,000 600 2,693 42,553 20,000 40,000 55,000 13,717 649 25,000 256 55,000 2,050 14,318 20,000 13,580 8,050 208 1,867 13,068 26,790
| 15.1426 GBP 15.2124 GBP 15.2254 GBP 15.2320 GBP 15.2550 GBP 15.3065 GBP 15.3074 GBP 19.7228 EUR 19.7804 EUR 19.7839 EUR 19.8366 EUR 19.9428 EUR 19.9780 EUR 19.9806 EUR 19.9979 EUR 20.0239 EUR 20.0310 EUR 20.079 EUR 20.1756 EUR 20.1798 EUR 20.1928 EUR 20.2282 EUR 20.2478 EUR
14.9076 GBP 15.2950 GBP 19.6800 EUR 19.7344 EUR 19.7384 EUR 19.7572 EUR 19.8339 EUR 19.8547 EUR 19.9424 EUR 19.9430 EUR 20.0172 EUR 20.0230 EUR 20.0240 EUR 20.0246 EUR 20.0642 EUR 20.0704 EUR 20.0849 EUR 20.0899 EUR 20.0920 EUR 20.0968 EUR 20.1053 EUR 20.2517 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
| 5,000 64,700
1,500 200,000 267,240 25,000 2,500 | 15.2589 15.3016
14.3336 GBP 15.1876 GBP 15.2479 GBP 15.2900 GBP 15.3804 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 | Purchasing | 1,700 5,900 11,500 12,800 4,800 8,700 9,200 2,200 3,800 2,100 | 20.0000 20.0000 20.0000 20.0000 20.0000 20.0000 20.0000 20.0000 20.0000 20.0000
| American American American American American American American American American American
| 19/02/16 19/02/16 19/02/16 19/02/16 19/02/16 19/02/16 19/02/16 19/02/16 19/02/16 19/02/16 | 0.6900 0.7000 0.7100 0.7200 0.7300 0.7400 0.7500 0.7600 0.7700 0.7800 |
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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
Ordinary B Shares |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit
|
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: | 05 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.