RNS Number : 9854I
JPMorgan Securities Plc
26 March 2018
 

AMENDMENT

INCREASED EQUITY PURCHASES BY 150,000 TO 6,466,184

INCREASED EQUITY SALES BY 403,500 TO 4,697,529

ADDED EQUITY SWAP PURCHASES OF 1,238,710

ADDED EQUITY SWAP SALES OF 985,210

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:

15 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

 

 

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

6,466,184

 

 4,697,529

2.2490

 

2.2540

2.1790

 

2.1790

 

(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

412,710

1,456

253,500

10,376

1,351

25,760

7,359

83,848

835,210

150,000

422,500

232,937

43,095

8,540

174

19,110

18,286

36,100

11,775

50,179

55,790

79,559

3,105

14,198

11,508

763

6,724

1,436

5,957

1,258

9,221

15,356

10,195

7,354

1,000,000

52,880

 

335

150,000

11,334

1,638

3,409

4,122

10,143

28,897

2,391

1,832

244,290

5,314

9,053

50,763

9,668

26,263

1,004,784

70

491,561

6,908

2,361

2,706

6,789

180,720

976,405

1,602

1,000,000

2.1938 GBP

2.1944 GBP

2.1948 GBP

2.1996 GBP

2.2000 GBP

2.2100 GBP

2.2173 GBP

2.2209 GBP

2.2210 GBP

2.2282 GBP

2.2289 GBP

2.2298 GBP

2.2307 GBP

2.2308 GBP

2.2317 GBP

2.2350 GBP

2.2365 GBP

2.2384 GBP

2.2392 GBP

2.2394 GBP

2.2399 GBP

2.2403 GBP

2.2406 GBP

2.2407 GBP

2.2411 GBP

2.2453 GBP

2.2464 GBP

2.2469 GBP

2.2476 GBP

2.2477 GBP

2.2486 GBP

2.2493 GBP

2.2517 GBP

2.2526 GBP

2.2550 GBP

3.1036 USD

 

2.1802 GBP

2.1899 GBP

2.1923 GBP

2.1931 GBP

2.1942 GBP

2.1965 GBP

2.1983 GBP

2.2008 GBP

2.2011 GBP

2.2021 GBP

2.2043 GBP

2.2105 GBP

2.2114 GBP

2.2142 GBP

2.2200 GBP

2.2202 GBP

2.2210 GBP

2.2212 GBP

2.2243 GBP

2.2244 GBP

2.2265 GBP

2.2269 GBP

2.2334 GBP

2.2345 GBP

2.2346 GBP

2.2369 GBP

2.2550 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:

26 March 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
 
END
 
 
FERBLGDXBBDBGIL