RNS Number : 9337C
GoldmanSachs International
13 February 2020
 

 

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:

(GS) GOLDMAN SACHS INTERNATIONAL

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

NORTHGATE PLC

(c) Name of the party to the offer with which exempt principal trader is connected:

NORTHGATE PLC

(d) Date dealing undertaken:

12 February 2020

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES - disclosed previously for REDDE PLC

 

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

50p ordinary

Purchases

143,287

2.8350 GBP

2.7452 GBP

50p ordinary

Sales

346,161

2.8300 GBP

2.7448 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

50p ordinary

CFD

Reducing a short position

4,030

2.7448 GBP

50p ordinary

CFD

Reducing a short position

4,018

2.7448 GBP

50p ordinary

CFD

Reducing a short position

4,000

2.7448 GBP

50p ordinary

CFD

Reducing a short position

2,000

2.7448 GBP

50p ordinary

CFD

Increasing a short position

749

2.7452 GBP

50p ordinary

CFD

Reducing a short position

10,000

2.7498 GBP

50p ordinary

CFD

Reducing a short position

1,480

2.7498 GBP

50p ordinary

CFD

Reducing a short position

1,867

2.7498 GBP

50p ordinary

CFD

Reducing a short position

1,559

2.7498 GBP

50p ordinary

CFD

Reducing a short position

5,000

2.7598 GBP

50p ordinary

CFD

Reducing a long position

359

2.7661 GBP

50p ordinary

CFD

Reducing a short position

3,076

2.7698 GBP

50p ordinary

CFD

Increasing a short position

5,000

2.7702 GBP

50p ordinary

CFD

Increasing a short position

5,000

2.7702 GBP

50p ordinary

CFD

Increasing a short position

22

2.7800 GBP

50p ordinary

CFD

Opening a short position

243

2.7825 GBP

50p ordinary

CFD

Opening a short position

913

2.7825 GBP

50p ordinary

CFD

Opening a short position

727

2.7825 GBP

50p ordinary

CFD

Opening a short position

8,205

2.7825 GBP

50p ordinary

CFD

Opening a short position

299

2.7825 GBP

50p ordinary

CFD

Opening a short position

3,245

2.7825 GBP

50p ordinary

CFD

Increasing a short position

1,796

2.7851 GBP

50p ordinary

CFD

Increasing a short position

54

2.7851 GBP

50p ordinary

CFD

Increasing a short position

63

2.7851 GBP

50p ordinary

CFD

Increasing a short position

198

2.7851 GBP

50p ordinary

CFD

Increasing a short position

162

2.7851 GBP

50p ordinary

CFD

Increasing a short position

701

2.7851 GBP

50p ordinary

CFD

Reducing a short position

5,000

2.7898 GBP

50p ordinary

CFD

Increasing a long position

183,450

2.7907 GBP

50p ordinary

CFD

Reducing a short position

2,500

2.7948 GBP

50p ordinary

CFD

Reducing a short position

5,000

2.8002 GBP

50p ordinary

CFD

Increasing a short position

4,137

2.8048 GBP

50p ordinary

CFD

Reducing a short position

5,000

2.8048 GBP

50p ordinary

CFD

Reducing a short position

5,000

2.8048 GBP

50p ordinary

CFD

Reducing a short position

2,500

2.8048 GBP

50p ordinary

CFD

Increasing a short position

122

2.8048 GBP

50p ordinary

CFD

Increasing a short position

150

2.8048 GBP

50p ordinary

CFD

Increasing a short position

461

2.8048 GBP

50p ordinary

CFD

Increasing a short position

367

2.8048 GBP

50p ordinary

CFD

Increasing a short position

1,636

2.8048 GBP

50p ordinary

CFD

Increasing a short position

4,153

2.8060 GBP

50p ordinary

CFD

Increasing a short position

124

2.8060 GBP

50p ordinary

CFD

Increasing a short position

145

2.8060 GBP

50p ordinary

CFD

Increasing a short position

457

2.8060 GBP

50p ordinary

CFD

Increasing a short position

373

2.8060 GBP

50p ordinary

CFD

Increasing a short position

1,619

2.8060 GBP

50p ordinary

CFD

Reducing a short position

5,000

2.8102 GBP

50p ordinary

CFD

Increasing a long position

4

2.8103 GBP

50p ordinary

CFD

Increasing a long position

19

2.8147 GBP

50p ordinary

CFD

Reducing a short position

5,000

2.8148 GBP

50p ordinary

CFD

Increasing a short position

1,000

2.8152 GBP

50p ordinary

CFD

Increasing a short position

3,000

2.8152 GBP

50p ordinary

CFD

Opening a long position

266

2.8170 GBP

50p ordinary

CFD

Increasing a long position

63

2.8194 GBP

50p ordinary

CFD

Reducing a short position

813

2.8198 GBP

50p ordinary

CFD

Increasing a long position

34

2.8199 GBP

50p ordinary

CFD

Increasing a short position

11,961

2.8224 GBP

50p ordinary

CFD

Reducing a short position

4,000

2.8298 GBP

50p ordinary

CFD

Reducing a short position

10,000

2.8298 GBP

50p ordinary

CFD

Increasing a long position

22

2.8299 GBP

50p ordinary

CFD

Increasing a short position

4,813

2.8302 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






 

(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)


 

 



 

 

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:

13 February 2020
Contact name:

Kashif Rafiq and Papa Lette
Telephone number:

+44(20) 7051 0547 / +44(20) 7774 7442

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's 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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