26 Oct 2022 10:28
FORM 8.5 (EPT/NON-RI) | ||||||||
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN | ||||||||
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS | ||||||||
(OR WHERE RI STATUS IS NOT APPLICABLE) | ||||||||
Rule 8.5 of the Takeover Code (the "Code") | ||||||||
1. | KEY INFORMATION | Â | ||||||
(a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | Â | |||||
(b) | Name of offeror/offeree in relation to whose | MICRO FOCUS INTERNATIONAL PLC | Â | |||||
relevant securities this form relates: | Â | |||||||
(c) | Name of the party to the offer with which exempt | Open Text Corporation | Â | |||||
principal trader is connected | Â | |||||||
(d) | Date position held/dealing undertaken: | 25 October 2022 | Â | |||||
(e) | In addition to the company in 1(b) above, is the exempt principal | NO | Â | Â | ||||
trader making disclosures in respect of any other party to the offer? | Â | |||||||
2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | Â | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | Â | ||||||
 | to which the disclosure relates following the dealing (if any) |  |  | |||||
Class of relevant security: | 10p ordinary | Â | ||||||
Interests | Short Positions | Â | ||||||
Number | (%) | Number | (%) | Â | ||||
(1) | Relevant securities owned | Â | ||||||
and/or controlled: | 13,049,422 | 3.85% | 1,562,857 | 0.46% | Â | |||
 | ||||||||
(2) | Cash-settled derivatives: | Â | ||||||
420,304 | 0.12% | 11,279,651 | 3.33% | Â | ||||
 | ||||||||
(3) | Stock-settled derivatives (including options) | Â | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | Â | |||
 | ||||||||
 | ||||||||
TOTAL: | 13,469,726 | 3.97% | 12,842,508 | 3.79% | Â | |||
 | ||||||||
(b) | Rights to subscribe for new securities (including directors and other executive | Â | ||||||
 | options) |  |  | |||||
Class of relevant security in relation to | Â | |||||||
which subscription right exists | Â | |||||||
Details, including nature of the rights | Â | |||||||
concerned and relevant percentages: | Â |
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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 | 1,277,687 | 5.1940 GBP | 5.182 GBP | |||
10p ordinary | Sale | 1,060,278 | 5.1911 GBP | 5.182 GBP |
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(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
10p ordinary | Â SWAP | Decreasing Long | 153 | 5.1903 GBP | |||
10p ordinary | Â CFD | Decreasing Long | 1,500 | 5.1864 GBP | |||
10p ordinary | Â CFD | Decreasing Long | 2,599 | 5.1868 GBP | |||
10p ordinary | Â CFD | Decreasing Long | 48,534 | 5.1866 GBP | |||
10p ordinary | Â CFD | Decreasing Long | 48,627 | 5.1883 GBP | |||
10p ordinary | Â SWAP | Increasing Short | 657 | 5.1886 GBP | |||
10p ordinary | Â SWAP | Increasing Short | 36,952 | 5.1879 GBP | |||
10p ordinary | Â SWAP | Increasing Short | 58,799 | 5.1837 GBP | |||
10p ordinary | Â SWAP | Increasing Short | 64,417 | 5.1887 GBP | |||
10p ordinary | Â SWAP | Increasing Short | 77,216 | 5.1869 GBP |
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(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | Â | |||||
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 | Â | |||||
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 | Â | |||||
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 | Â | |||||
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 26 Oct 2022 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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