Last checked at 14 Sep 2022 11:18
FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. | KEY INFORMATION | ||||||
(a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||||
(b) | Name of offeror/offeree in relation to whose | TULLOW OIL PLC | |||||
relevant securities this form relates: | |||||||
(c) | Name of the party to the offer with which exempt | Tullow Oil plc | |||||
principal trader is connected | |||||||
(d) | Date position held/dealing undertaken: | 13 September 2022 | |||||
(e) | In addition to the company in 1(b) above, is the exempt principal | YES: |
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trader making disclosures in respect of any other party to the offer? | CAPRICORN ENERGY PLC | ||||||
2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
| to which the disclosure relates following the dealing (if any) | ||||||
Class of relevant security: | 10p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) | Relevant securities owned | ||||||
and/or controlled: | 2,720,370 | 0.19% | 8,266,944 | 0.57% | |||
(2) | Cash-settled derivatives: | ||||||
6,562,757 | 0.46% | 713,679 | 0.05% | ||||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 9,283,127 | 0.65% | 8,980,623 | 0.62% | |||
(b) | Rights to subscribe for new securities (including directors and other executive | ||||||
| options) |
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Class of relevant security in relation to | |||||||
which subscription right exists | |||||||
Details, including nature of the rights | |||||||
concerned and relevant percentages: | |||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
security | securities | paid/received | paid/received | ||||
10p ordinary | Purchase | 729,628 | 0.5077 GBP | 0.4937 GBP | |||
10p ordinary | Sale | 793,317 | 0.5077 GBP | 0.4946 GBP | |||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
10p ordinary | SWAP | Decreasing Long | 5,000 | 0.4979 GBP | |||
10p ordinary | SWAP | Decreasing Long | 18,000 | 0.5021 GBP | |||
10p ordinary | SWAP | Decreasing Long | 22,806 | 0.4968 GBP | |||
10p ordinary | SWAP | Decreasing Long | 150,507 | 0.4946 GBP | |||
10p ordinary | SWAP | Decreasing Long | 329,607 | 0.4973 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,776 | 0.5005 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,848 | 0.4985 GBP | |||
10p ordinary | SWAP | Decreasing Short | 52,926 | 0.4996 GBP | |||
10p ordinary | SWAP | Decreasing Short | 53,947 | 0.4970 GBP | |||
10p ordinary | SWAP | Decreasing Short | 146,841 | 0.4981 GBP | |||
10p ordinary | CFD | Increasing Long | 13,741 | 0.4998 GBP | |||
10p ordinary | CFD | Increasing Long | 14,364 | 0.5004 GBP | |||
10p ordinary | CFD | Increasing Long | 178,759 | 0.4986 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,842 | 0.4988 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | applicable) | ||||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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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: | |||||||
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 of future acquisition or disposal of any relevant securities to which | |||||||
any derivative is referenced: | |||||||
NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 14 Sep 2022 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||