Last checked at 18 Apr 2018 11:24
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 | Hammerson Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker & Advisor to Hammerson Plc |
(d) Date dealing undertaken: | 17 April 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 Intu Properties Plc
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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 | 2,389,033
1,893,421 | 4.9450
4.9450 | 4.8610
4.8624 |
(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 (GBP/ZAR) |
Ordinary Shares | Equity Swaps
| Long
Short
| 1,536 28 26 56 70 2 2,661 15,752 15,742 29,163 136,265 161,660 4,482 126,540 10,736 2,058 844 907 1,422 1,356 21,884 16,043 14,955 2,260 2,250 3,649
2,038 12 2,873 2 6 4 8,575 36,460 18,475 733 929 6 147,922 2,879 1,598 1,611 2,556 20,651 14,955 4,510 3,649 | 4.8624 GBP 4.8627 GBP 4.8720 GBP 4.8868 GBP 4.8870 GBP 4.8904 GBP 4.9060 GBP 4.9076 GBP 4.9077 GBP 4.9151 GBP 4.9163 GBP 4.9175 GBP 4.9198 GBP 4.9203 GBP 4.9204 GBP 4.9253 GBP 4.9300 GBP 4.9304 GBP 4.9349 GBP 4.9351 GBP 4.9358 GBP 4.9360 GBP 84.3850 ZAR 84.4511 ZAR 84.4529 ZAR 84.7227 ZAR
4.8992 GBP 4.9031 GBP 4.9065 GBP 4.9080 GBP 4.9086 GBP 4.9087 GBP 4.9100 GBP 4.9101 GBP 4.9106 GBP 4.9122 GBP 4.9124 GBP 4.9139 GBP 4.9160 GBP 4.9175 GBP 4.9224 GBP 4.9272 GBP 4.9305 GBP 4.9359 GBP 84.3850 ZAR 84.4537 ZAR 84.7253 ZAR |
(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) |
Ordinary Share | Put Option | Purchasing | 62,000 | 5.4000 | American | 15/06/2018 | 0.5006 |
(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) |
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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: | 18 April 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.