26 Mar 2018 17:13
AMENDMENT
INCREASED EQUITY PURCHASES BY 206,160 TO 4,075,719
INCREASED EQUITY SALES BY 1,631,578 TO 5,918,892
ADDED EQUITY SWAP PURCHASES OF 4,975,157
ADDED EQUITY SWAP SALES OF 3,549,739
FORM 8.5 (EPT/RI)
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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")
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1. KEY INFORMATION
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(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 | Melrose Industries plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker and Financial Advisor to GKN Plc |
(d) Date dealing undertaken: | 13 March 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" | GKN Plc  |
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2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
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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.
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The currency of all prices and other monetary amounts should be stated.
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(a) Purchases and sales
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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 | 4,075,719   5,918,892 | 2.2010  2.2040 | 2.1480  2.1500 |
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(b) Cash-settled derivative transactions
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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 | 3,000,000  40,758  802,821  24,084  61,266  5,941  500  9,600  136  97,700  3,347  40,710  2,390  27,045  21,733  8,619  10,913  15,574  14,760  73,017  175,643  113,058  93,679  162,713  10,700  3,705  500,000  843,579  169,999   3,000,000  15,983  96,705  16,338  15,141  56  2,474  5,155  780  206,160  4,109  5,000  2,240  1,476  28  167,381  24,435  4,510  60  21,013  29,296  4,783  90  299  19,207  1,389  80  10,129  344  683  843,579 | 2.1350 GBP 2.1533 GBP 2.1554 GBP 2.1555 GBP 2.1559 GBP 2.1578 GBP 2.1600 GBP 2.1618 GBP 2.1625 GBP 2.1628 GBP 2.1640 GBP 2.1654 GBP 2.1656 GBP 2.1660 GBP 2.1672 GBP 2.1680 GBP 2.1683 GBP 2.1701 GBP 2.1712 GBP 2.1717 GBP 2.1727 GBP 2.1728 GBP 2.1753 GBP 2.1766 GBP 2.1787 GBP 2.1836 GBP 2.1878 GBP 2.2070 GBP 3.0210 USD  2.1350 GBP 2.1545 GBP 2.1548 GBP 2.1552 GBP 2.1560 GBP 2.1562 GBP 2.1591 GBP 2.1599 GBP 2.1600 GBP 2.1603 GBP 2.1607 GBP 2.1613 GBP 2.1647 GBP 2.1661 GBP 2.1667 GBP 2.1691 GBP 2.1700 GBP 2.1718 GBP 2.1722 GBP 2.1728 GBP 2.1730 GBP 2.1738 GBP 2.1758 GBP 2.1764 GBP 2.1766 GBP 2.1782 GBP 2.1798 GBP 2.1936 GBP 2.1960 GBP 2.2001 GBP 2.2070 GBP |
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(c) Stock-settled derivative transactions (including options)
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(i) Writing, selling, purchasing or varying
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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) |
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(ii) Exercise
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Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit (GBP) |
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) (GBP) |
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3. OTHER INFORMATION
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(a) Indemnity and other dealing 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: 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
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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: | 26 March 2018 |
Contact name: | Alwyn Basch |
Telephone number: | 020 7742 7407 |
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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.