Last checked at 24 Jun 2024 11:33
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 | Britvic plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Britvic Plc |
(d) Date dealing undertaken: | 21 June 2024 |
(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" | N/A |
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 |
20p ordinary | Purchase
Sale | 2,666,820
2,974,840 | 11.7500 GBP
11.7000 GBP | 10.1500 GBP
10.7500 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 |
20p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 2,896 502 4,043 12,581 205,356 14,382 12,117
3,340 209 1,644 711 41,664 4,670 21,741 460 1,819 205 18,179 445 789 6,834 353,159 27,224 7,800 2,247 14,993 14,993 33,431 29,984 4,152 1,853
706 4,043 4,148 168 1,136 701 68
11,814 28,952 121 31 1,749 26,391 7,482 8,388
462 531 414 13,685 3 2,644 1,260 686 4,983 407 1,029
2,644 9,587 5,011 87 4,152 54 4 152 181 1 3,433 798 | 10.1500 GBP 10.8925 GBP 10.9401 GBP 10.9427 GBP 10.9486 GBP 11.0254 GBP 11.6178 GBP
10.9391 GBP 10.9395 GBP 10.9464 GBP 10.9834 GBP 11.0102 GBP 11.0267 GBP 11.0359 GBP 11.0798 GBP 11.0817 GBP 11.1561 GBP 11.1924 GBP 11.2425 GBP 11.4200 GBP 11.5738 GBP 11.5923 GBP 11.5964 GBP 11.6497 GBP 11.6498 GBP 11.6521 GBP 11.6627 GBP 11.6642 GBP 11.6687 GBP 11.6889 GBP 11.6936 GBP
10.9400 GBP 10.9401 GBP 11.0149 GBP 11.0150 GBP 11.4098 GBP 11.6249 GBP 11.6250 GBP
10.9402 GBP 10.9896 GBP 11.0567 GBP 11.0766 GBP 11.1892 GBP 11.2869 GBP 11.3559 GBP 11.5778 GBP
10.8184 GBP 10.8200 GBP 10.8921 GBP 10.9395 GBP 11.0097 GBP 11.0697 GBP 11.2125 GBP 11.4787 GBP 11.5182 GBP 11.5865 GBP 11.6428 GBP
10.7787 GBP 10.9400 GBP 10.9461 GBP 11.2700 GBP 11.3009 GBP 11.3729 GBP 11.4153 GBP 11.5491 GBP 11.6302 GBP 11.6704 GBP 11.6798 GBP 11.6906 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 |
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(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) |
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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
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(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
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| Date of disclosure: | 24 June 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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.