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17 Aug 2018 18:07
AMENDMENT
INCREASED EQUITY PURCHASES BY 234,100 TO 789,504
INCREASED EQUITY SALES BY 196,000 TO 1,989,679
ADDED EQUITY SWAP PURCHASES OF 196,000
ADDED EQUITY SWAP SALES OF 234,100
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 | Vedanta Resources plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Vedanta Resources plc and Financial Advisor to Volcan Investments Ltd |
(d) Date dealing undertaken: | 03 August 2018 |
(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 (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Shares | Purchases
Sales | 789,504
1,989,679 | 8.2773
8.2820 | 8.2392
8.2300 |
(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 Shares | Equity Swaps
| Long
Short | 587 7,634 126,685 83,368 132 309 1,315 9,415 830 6,144 617 3,821 21,050 5,980 17,278 196,000 1,148,000
17 7,346 422 90,495 42,522 28,640 19 4,549 134,100 2,696 7,634 1,101 100,000 | 8.2494 GBP 8.2496 GBP 8.2500 GBP 8.2520 GBP 8.2530 GBP 8.2534 GBP 8.2539 GBP 8.2573 GBP 8.2574 GBP 8.2596 GBP 8.2605 GBP 8.2656 GBP 8.2671 GBP 8.2701 GBP 8.2809 GBP 10.7506 USD 10.7656 USD
8.2500 GBP 8.2504 GBP 8.2535 GBP 8.2612 GBP 8.2634 GBP 8.2655 GBP 8.2659 GBP 8.2669 GBP 8.2695 GBP 8.2714 GBP 8.2724 GBP 8.2737 GBP 10.7386 USD |
(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 (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
|
(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: | 17 August 2018
|
| 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.
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