Form 8.5 (EPT/NON-RI) - BAE SYSTEMS PLC

Form 8.5 (EPT/NON-RI) - BAE SYSTEMS PLC

BARCLAYS PLC

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”)

1. KEY INFORMATION

(a)	Â	Name of exempt principal trader:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b)		Name of offeror/offeree in relation to whose		BAE SYSTEMS PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		Advisor to Offeror
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		3 October 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect		EADS(EURO AERONAUTIC DEFENSE SPACE) N.V.
Â		of any other party to this offer?		Â

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:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,127,910		0.10%		1,942,705		0.06%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		1,491,544		0.05%		931,851		0.03%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		576,570		0.02%		1,505,000		0.05%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				5,196,024		0.16%		4,379,556		0.13%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		106		3.3368 GBP
ORD		Purchase		200		3.3410 GBP
ORD		Purchase		1,705		3.3056 GBP
ORD		Purchase		1,814		3.3446 GBP
ORD		Purchase		1,900		3.3449 GBP
ORD		Purchase		3,586		3.3426 GBP
ORD		Purchase		13,136		3.3415 GBP
ORD		Purchase		18,849		3.3416 GBP
ORD		Purchase		22,337		3.3400 GBP
ORD		Purchase		25,764		3.3422 GBP
ORD		Purchase		42,309		3.3212 GBP
ORD		Purchase		43,971		3.3430 GBP
ORD		Purchase		50,235		3.3401 GBP
ORD		Purchase		54,469		3.3334 GBP
ORD		Purchase		64,014		3.3240 GBP
ORD		Purchase		191,174		3.3437 GBP
ORD		Sale		200		3.3410 GBP
ORD		Sale		420		3.3190 GBP
ORD		Sale		1,109		3.3105 GBP
ORD		Sale		1,575		3.3501 GBP
ORD		Sale		4,600		3.3468 GBP
ORD		Sale		4,831		3.3259 GBP
ORD		Sale		6,934		3.3320 GBP
ORD		Sale		8,465		3.3223 GBP
ORD		Sale		9,537		3.3296 GBP
ORD		Sale		10,165		3.3386 GBP
ORD		Sale		10,928		3.3473 GBP
ORD		Sale		13,237		3.3465 GBP
ORD		Sale		54,033		3.3429 GBP
ORD		Sale		66,772		3.3288 GBP
ORD		Sale		70,768		3.3387 GBP
ORD		Sale		102,914		3.3393 GBP
ORD		Sale		137,821		3.3400 GBP
ORD		Sale		186,000		3.3414 GBP

(b) Derivatives transactions (other than options)

Class of	Product	Nature of dealing	Number of	Price per
relevant	description		reference	unit
security	Â	Â	securities	Â
ORD	SWAP	Long	13,237	3.3465 GBP
ORD	CFD	Long	28,617	3.3441 GBP
ORD	CFD	Long	33,018	3.3385 GBP
ORD	CFD	Long	37,997	3.3416 GBP
ORD	SWAP	Long	60,700	3.3437 GBP
ORD	CFD	Short	13,426	3.3095 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. 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: 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

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Â

Yes

Date of disclosure:	Â	8 Oct 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 3555 4632

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 [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose positions/dealings	Â	BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:		Â
Name of offeror/offeree in relation to whose		BAE SYSTEMS PLC
relevant securities this from relates:		Â

2. OPTIONS AND DERIVATIVES

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

ORD

Call Options

Purchased

446,570

3.1446

European

4 Oct 2012

ORD

Put Options

Purchased

130,000

3.3000

American

5 Oct 2012

ORD

Call Options

Written

-500,000

3.0500

American

5 Oct 2012

ORD

Call Options

Written

-1,000,000

3.3000

American

5 Oct 2012

ORD

Call Options

Written

-5,000

3.6000

American

5 Oct 2012

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.