10 Mar 2022 10:18
FORM 8.5 (EPT/NON-RI) |
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
(OR WHERE RI STATUS IS NOT APPLICABLE) |
Rule 8.5 of the Takeover Code (the "Code") |
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1. | KEY INFORMATION | ||||
(a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||
(b) | Name of offeror/offeree in relation to whose | CLIPPER LOGISTICS PLC | |||
 | relevant securities this form relates: | ||||
(c) | Name of the party to the offer with which exempt | GXO Logistics, Inc | |||
 | principal trader is connected |  | |||
(d) | Date position held/dealing undertaken: | 09 March 2022 | |||
(e) | In addition to the company in 1(b) above, is the exempt principal | YES: | Â | Â | |
 | trader making disclosures in respect of any other party to the offer? | GXO LOGISTICS INC |  |
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2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
 | to which the disclosure relates following the dealing (if any) |  | |||||
Class of relevant security: | 0.05p ordinary | Â | Â | ||||
 | Interests | Short Positions | |||||
 | Number | (%) | Number | (%) | |||
(1) | Relevant securities owned | Â | Â | Â | Â | ||
 | and/or controlled: | 1,076,616 | 1.05% | 190,157 | 0.19% | ||
 |  |  |  |  |  |  | |
(2) | Cash-settled derivatives: | Â | Â | Â | Â | ||
 |  |  | 50,459 | 0.05% | 951,472 | 0.93% | |
 |  |  |  |  |  |  | |
(3) | Stock-settled derivatives (including options) | Â | Â | Â | Â | ||
 | and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | ||
 |  |  |  |  |  |  | |
 |  |  |  |  |  |  | |
 | TOTAL: |  | 1,127,075 | 1.10% | 1,141,629 | 1.11% | |
 |  |  |  |  |  |  |
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(b) | Rights to subscribe for new securities (including directors and other executive | Â | |||||||||||||
 | options) |  |  |  |  |  |  |  | |||||||
Class of relevant security in relation to | Â | Â | |||||||||||||
which subscription right exists | Â | Â | |||||||||||||
Details, including nature of the rights | Â | Â | |||||||||||||
concerned and relevant percentages: | Â | ||||||||||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||||||||||
(a) | Purchases and sales | Â | Â | Â | Â | Â | |||||||||
Class of relevant | Â | Purchase/sale | Â | Total number of | Â | Highest price per unit | Lowest price per unit | ||||||||
security | Â | Â | Â | securities | Â | paid/received | paid/received | ||||||||
0.05p ordinary | Purchase | 204,696 | 8.8000 GBP | 8.6397 GBP | |||||||||||
0.05p ordinary | Sale | 35,284 | 8.8000 GBP | 8.64 GBP | |||||||||||
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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(b) | Cash-settled derivative transactions | Â | Â | Â | |||
Class of | Â | Product | Â | Nature of dealing | Â | Number of | Price per |
relevant | Â | description | Â | Â | Â | reference | unit |
security | Â | Â | Â | Â | Â | securities | Â |
0.05p ordinary | Â SWAP | Decreasing Short | 941 | 8.7224 GBP | |||
0.05p ordinary | Â SWAP | Increasing Long | 178 | 8.7233 GBP | |||
0.05p ordinary | Â SWAP | Increasing Long | 589 | 8.7144 GBP | |||
0.05p ordinary | Â SWAP | Increasing Long | 843 | 8.7868 GBP | |||
0.05p ordinary | Â SWAP | Increasing Long | 6,868 | 8.7207 GBP | |||
0.05p ordinary | Â SWAP | Increasing Long | 7,605 | 8.7407 GBP | |||
0.05p ordinary | Â SWAP | Increasing Long | 20,375 | 8.7286 GBP | |||
0.05p ordinary | Â CFD | Increasing Short | 802 | 8.6585 GBP | |||
0.05p ordinary | Â CFD | Increasing Short | 3,113 | 8.7011 GBP | |||
0.05p ordinary | Â SWAP | Opening Short | 214 | 8.8000 GBP | |||
0.05p ordinary | Â SWAP | Opening Short | 176,919 | 8.6865 GBP | |||
0.05p ordinary | Â SWAP | Opening Long | 214 | 8.7995 GBP | |||
0.05p ordinary | Â SWAP | Opening Long | 2,767 | 8.7013 GBP |
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(c) | Stock-settled derivative transactions (including options) | Â | |||||
(i) | Writing, selling, purchasing or varying | Â | Â | Â | |||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | Â | date | money |
relevant | Â | selling, | securities | per unit | Â | Â | paid/ |
security | Â | varying etc | to which | Â | Â | Â | received |
 |  |  | option |  |  |  | per unit |
 |  |  | relates |  |  |  |  |
 |  |  |  |  |  |  |  |
 |  |  |  |  |  |  |  |
(ii) | Exercising | Â | Â | Â | Â | Â | Â |
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | Â | Â | Â | securities | unit | ||
 |  |  |  |  | |||
 |  |  |  |  |  |  |  |
(d) | Other dealings (including subscribing for new securities) | Â | |||||
Class of relevant | Â | Nature of Dealings | Â | Details | Price per unit (if | Â | |
security | Â | Â | Â | applicable) | Â | ||
 |  |  |  | ||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements | Â | Â | ||||
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: | Â | ||||||
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 | Â | ||||||
(ii) the voting rights of future acquisition or disposal of any relevant securities to which | |||||||
any derivative is referenced: | Â | Â | Â | Â | Â | ||
NONE | |||||||
(c) | Attachments | Â | Â | Â | Â | Â | |
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 10 Mar 2022 |  |  |  | |||
Contact name: | Large Holdings Regulatory Operations | Â | |||||
Telephone number: | 020 3134 7213 | Â | Â |
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