RNS Number : 1857F
JPMorgan Securities Plc
16 February 2018
 

AMENDMENT

INCREASED EQUITY PURCASES BY 130,268TO 3,803,905

 

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

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:

01 February 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"

Yes,

GKN 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 (GBP)

Lowest price per unit paid/received (GBP)

Ordinary Shares

Purchases

 

Sales

3,803,905

 

 9,716,752

2.2990

 

 2.2931

2.2400

 

 2.2350

 

(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

400,775

 561

 3,288,715

 794

 36,820

 10,346

 19,200

 16,850

 5,475

 854

 2,980,000

 2,684

 2,821

 3,751

 520

 59,660

 7,184

 2,685

 856

 30,476

 32,226

 10,306

 17,807

 4,350

 384,957

 

 1

 2,127

 400,775

 4,284

 41,574

 19,908

 4,280

 5,977

 64,375

 44,180

 1,392

 152,633

 2,400

 4,276

 998

 20,110

 14,425

 92,798

 29,034

 26,207

 117,686

 36,713

 8,263

 1,477

 999

 9,235

 197

 508

 19,543

 130,268

 2

 108,115

2.2421 GBP

2.2440 GBP

2.2450 GBP

2.2510 GBP

2.2518 GBP

2.2541 GBP

2.2556 GBP

2.2573 GBP

2.2593 GBP

2.2649 GBP

2.2654 GBP

2.2655 GBP

2.2670 GBP

2.2679 GBP

2.2690 GBP

2.2745 GBP

2.2760 GBP

2.2775 GBP

2.2780 GBP

2.2805 GBP

2.2810 GBP

2.2815 GBP

2.2821 GBP

2.2827 GBP

3.2019 USD

 

2.2360 GBP

2.2406 GBP

2.2427 GBP

2.2441 GBP

2.2442 GBP

2.2451 GBP

2.2457 GBP

2.2475 GBP

2.2476 GBP

2.2484 GBP

2.2491 GBP

2.2495 GBP

2.2497 GBP

2.2500 GBP

2.2510 GBP

2.2518 GBP

2.2521 GBP

2.2522 GBP

2.2526 GBP

2.2594 GBP

2.2609 GBP

2.2662 GBP

2.2675 GBP

2.2741 GBP

2.2798 GBP

2.2804 GBP

2.2814 GBP

2.2818 GBP

2.2850 GBP

2.2859 GBP

2.2880 GBP

2.2939 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 (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:

16 February 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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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