10 Feb 2016 12:21
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: | 09 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 | 713,894 1,430,112
891,564 1,290,022 | 15.3439 GBP 19.9950 EUR
15.4000 GBP 20.0650 EUR | 14.6100 GBP 18.8850 EUR
14.6100 GBP 18.9050 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
| 2,585,192 165
4,115,684 165 | 15.4200 GBP 19.1100 EUR
15.4200 GBP 19.1100 EUR | 14.6100 GBP 19.1100 EUR
14.6100 GBP 19.1100 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
| 39,563 1,265 673 959 270 661 42 1,196 531 56 316 15,637 20,000 28,372 34,004 177,482 45,000 4,188 11,200 7,500 14,219 1,579 8,603 20 7,455
25,000 138,565 3,045 1,136 4,460 4,799 2,500 222,500 5,000 | 14.6329 GBP 14.6428 GBP 14.6450 GBP 14.6529 GBP 14.6535 GBP 14.6573 GBP 14.6685 GBP 14.6705 GBP 14.6855 GBP 14.6885 GBP 14.6930 GBP 14.7682 GBP 14.8940 GBP 14.9112 GBP 15.0494 GBP 15.1594 GBP 18.9162 EUR 18.9186 EUR 18.9200 EUR 18.9890 EUR 19.0875 EUR 19.2672 EUR 19.8395 EUR 19.9250 EUR 20.0620 EUR
14.6111 GBP 14.9510 GBP 19.1587 EUR 19.2802 EUR 19.3091 EUR 19.3725 EUR 19.7128 EUR 19.8000 EUR 19.8161 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
| 1,195 18,838 194,655 73,856 1,739 2,526 1,924,489 14 35,290 1 547 1,480 4,426 959 1,180 496
7,409 2,624 20,000 10,300 | 14.6723 GBP 14.9723 GBP 15.0692 GBP 15.1097 GBP 15.2959 GBP 15.3168 GBP 15.3200 GBP 15.3235 GBP 15.3266 GBP 15.3335 GBP 15.3500 GBP 15.3627 GBP 15.3648 GBP 15.3716 GBP 15.3910 GBP 15.4135 GBP
14.6992 GBP 14.8461 GBP 14.9292 GBP 15.0944 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 |
|
|
|
|
|
|
|
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 | Call Option Call Option Call Option Call Option Put Option Put Option Put Option Put Option Put Option Put Option Put Option Put Option
|
Purchasing
Purchasing
Purchasing
Selling Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing
|
18,000
26,000
4,000
3,200,000 13,000 1,000 2,000 21,000 9,000 7,000 5,000 35,000 |
17.5000
17.5000
17.5000
18.0000 14.0000 14.5000 14.5000 14.5000 14.5000 14.5000 15.0000 15.0000 |
American
American
American
American American American American American American American American American |
16/12/16
16/12/16
16/12/16
18/03/16 16/12/16 16/12/16 16/12/16 16/12/16 16/12/16 16/12/16 16/12/16 16/12/16 |
0.5650
0.5700
0.5750
0.0108 1.5400 1.7750 1.7800 1.7850 1.7950 1.8000 2.0900 2.0950 |
(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: | 10 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.