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: |
UBS Investment Bank, London |
(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: |
GKN Plc |
(d) Date dealing undertaken: |
05 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" |
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 |
Lowest price per unit paid/received |
48/7p ordinary |
Buy |
2455311 |
2.143164 GBP |
2.13000 GBP |
48/7p ordinary |
Sell |
1798404 |
2.17306 GBP |
2.13000 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 |
48/7p ordinary |
CFD |
Long |
5646 |
2.150584 GBP |
48/7p ordinary |
CFD |
Long |
31562 |
2.15261478 GBP |
48/7p ordinary |
CFD |
Long |
81132 |
2.1394920623182 GBP |
48/7p ordinary |
CFD |
Long |
1882 |
2.1473219978746 GBP |
48/7p ordinary |
CFD |
Long |
15923 |
2.14975883941468 GBP |
48/7p ordinary |
CFD |
Long |
74063 |
2.14411919581978 GBP |
48/7p ordinary |
CFD |
Long |
651 |
2.14533026113671 GBP |
48/7p ordinary |
CFD |
Long |
4186 |
2.1582083134257 GBP |
48/7p ordinary |
CFD |
Long |
6628 |
2.13949155099578 GBP |
48/7p ordinary |
CFD |
Long |
11535 |
2.14950845253576 GBP |
48/7p ordinary |
CFD |
Long |
861 |
2.14922183507549 GBP |
48/7p ordinary |
CFD |
Long |
4543 |
2.15390931102796 GBP |
48/7p ordinary |
CFD |
Long |
21267 |
2.15310857196596 GBP |
48/7p ordinary |
CFD |
Long |
22329 |
2.13949169241793 GBP |
48/7p ordinary |
CFD |
Long |
10657 |
2.150512 GBP |
48/7p ordinary |
CFD |
Long |
18641 |
2.159 GBP |
48/7p ordinary |
CFD |
Long |
16000 |
2.15213 GBP |
48/7p ordinary |
CFD |
Long |
12629 |
2.144632 GBP |
48/7p ordinary |
CFD |
Long |
20140 |
2.15037735849057 GBP |
48/7p ordinary |
CFD |
Long |
439697 |
2.149328 GBP |
48/7p ordinary |
CFD |
Short |
223123 |
2.2035 GBP |
48/7p ordinary |
CFD |
Short |
250000 |
2.16108 GBP |
48/7p ordinary |
CFD |
Short |
111562 |
2.157348 GBP |
48/7p ordinary |
CFD |
Short |
1400 |
2.134 GBP |
48/7p ordinary |
CFD |
Short |
16569 |
2.144785 GBP |
48/7p ordinary |
CFD |
Short |
91102 |
2.146171 GBP |
48/7p ordinary |
CFD |
Short |
77201 |
2.146408 GBP |
48/7p ordinary |
CFD |
Short |
36341 |
2.14786 GBP |
48/7p ordinary |
CFD |
Short |
300000 |
2.13728207 GBP |
48/7p ordinary |
CFD |
Short |
182810 |
2.143164 GBP |
48/7p ordinary |
CFD |
Short |
600 |
2.151567 GBP |
48/7p ordinary |
CFD |
Short |
150 |
2.1484 GBP |
48/7p ordinary |
CFD |
Short |
34641 |
2.15111313 GBP |
48/7p ordinary |
CFD |
Short |
111562 |
2.158773 GBP |
48/7p ordinary |
CFD |
Short |
2138 |
2.15323199251637 GBP |
48/7p ordinary |
CFD |
Short |
1577 |
2.143555 GBP |
48/7p ordinary |
CFD |
Short |
3000 |
2.15008033 GBP |
48/7p ordinary |
CFD |
Short |
29349 |
2.152251 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: |
06 March 2018 |
Contact name: |
Wendy Dent |
Telephone number: |
+44 (0)207 568 1245 |
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 dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.