4 Jun 2021 13:53
AMENDMENT
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 | St. Modwen Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Joint financial adviser & Corporate Broker |
(d) Date dealing undertaken: | 7 May 2021 |
(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 |
10p ordinary | Purchase
Sale | 1,009,868
1,042,241 | 5.3703 GBP
5.3702 GBP | 5.3000 GBP
5.3000 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 |
10p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position
| 1,686 2,901 4,949 285 273 2,032 654 1,273 11,671 22,362 4,159 20,962 442 26,187 3,082 2,874
13,168 2,512 10,097 245,000 668 1,402 1,086 1,447 61,004 100 8,921
7,434 359 48 689 4,079 1,510 7,378 1,831 1,000 2,830 641 2,697
16,524 2,000
111,828
110,000 17,000 59,500 9,445 | 5.3323 GBP 5.3410 GBP 5.3453 GBP 5.3500 GBP 5.3501 GBP 5.3525 GBP 5.3526 GBP 5.3528 GBP 5.3547 GBP 5.3548 GBP 5.3549 GBP 5.3550 GBP 5.3551 GBP 5.3700 GBP 5.3701 GBP 5.3703 GBP
5.3166 GBP 5.3200 GBP 5.3284 GBP 5.3395 GBP 5.3396 GBP 5.3457 GBP 5.3461 GBP 5.3496 GBP 5.3506 GBP 5.3585 GBP 5.3700 GBP
5.3097 GBP 5.3351 GBP 5.3369 GBP 5.3400 GBP 5.3444 GBP 5.3447 GBP 5.3476 GBP 5.3499 GBP 5.3500 GBP 5.3503 GBP 5.3517 GBP 5.3616 GBP
5.3439 GBP 5.3600 GBP
5.3701 GBP
5.3194 GBP 5.3327 GBP 5.3527 GBP 5.3667 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: | 04 June 2021 |
| 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.