Last checked at 8 Mar 2023 10:59
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 | John Wood Group plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial advisor and corporate broker to John Wood Group PLC |
(d) Date dealing undertaken: | 7 March 2023 |
(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 |
4p ordinary | Purchase
Sale | 1,445,448
990,230 | 2.2600 GBP
2.2710 GBP | 2.1520 GBP
2.1530 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 |
4p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position | 295 4,827 8,606 25,874 1,449 22,395 58,581 2,080 70,536 24,308
6,000 4,800 12,986 976 106 610 1,564 1,592 30,943 973 7,486 7,400 18,409 3,318 4,348 6,237 6,031 2,290 17,326 2 150,000
25,514 301 156,785 1,349
320 65,616 30,740 150,000 4,500 2,831 9,961 5,057 1,792 953 401,968 4,609
786 | 2.1776 GBP 2.1793 GBP 2.1939 GBP 2.1944 GBP 2.1997 GBP 2.2011 GBP 2.2019 GBP 2.2026 GBP 2.2084 GBP 2.2400 GBP
2.1608 GBP 2.1788 GBP 2.1790 GBP 2.1880 GBP 2.1927 GBP 2.1935 GBP 2.1980 GBP 2.1985 GBP 2.1997 GBP 2.1999 GBP 2.2025 GBP 2.2033 GBP 2.2036 GBP 2.2044 GBP 2.2045 GBP 2.2175 GBP 2.2181 GBP 2.2184 GBP 2.2202 GBP 2.2280 GBP 2.2474 GBP
2.1824 GBP 2.1999 GBP 2.2082 GBP 2.2398 GBP
2.1780 GBP 2.1790 GBP 2.1791 GBP 2.2058 GBP 2.2182 GBP 2.2185 GBP 2.2226 GBP 2.2280 GBP 2.2281 GBP 2.2301 GBP 2.2303 GBP 2.2309 GBP
2.1755 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 |
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(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) |
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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
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(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
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| Date of disclosure: | 8 March 2023 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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.