Form 8.5 (EPT/NON-RI) - XL GROUP PLC
BARCLAYS PLC
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RIâ€) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Codeâ€)
1. KEY INFORMATION
(a) | Â | Name of exempt principal trader: | Â | BARCLAYS CAPITAL INC | |
(b) | Name of offeror/offeree in relation to whose |
XL GROUP PLC |
|||
 | relevant securities this form relates: |  | |||
(c) | Name of the party to the offer with which exempt | CATLIN GROUP PLC | |||
 | principal trader is connected |  | |||
(d) | Date position held/dealing undertaken: | 6 January 2015 | |||
(e) | Has the EPT previously disclosed, or is it | YES: | |||
today disclosing, under the Code in respect | CATLIN GROUP PLC | ||||
 | of any other party to this offer? |  |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
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.
(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 | ORD | |||||||||
 | Interests |  | Short Positions | ||||||||
 |  | Number |  | (%) | Number |  | (%) | ||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 168 | 0.00% | 206 | 0.00% | |||||||
 |  |  |  |  |  | ||||||
(2) | Derivatives (other than | ||||||||||
options): | 0 | 0.00% | 0 | 0.00% | |||||||
 |  |  |  |  |  | ||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 11,700 | 0.00% | 16,500 | 0.01% | |||||||
 |  |  |  |  |  | ||||||
(4) | |||||||||||
TOTAL: | 11,868 | 0.00% | 16,706 | 0.01% |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), 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 employee options)
Class of relevant security in relation to which subscription right exists: | Â |
Details, including nature of the rights concerned and relevant percentages: | Â |
3. DEALINGS (IF ANY) 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 3(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 | Â | Purchase/sale | Â | Number of | Â | Price per unit | |
security | Â | securities | Â | ||||
ORD | Purchase | 2 | 34.8750 USD | ||||
ORD | Purchase | 29 | 34.9200 USD | ||||
ORD | Purchase | 64 | 34.7718 USD | ||||
ORD | Purchase | 100 | 34.7600 USD | ||||
ORD | Purchase | 100 | 34.7700 USD | ||||
ORD | Purchase | 200 | 34.7100 USD | ||||
ORD | Purchase | 400 | 34.8137 USD | ||||
ORD | Purchase | 445 | 34.8203 USD | ||||
ORD | Purchase | 445 | 34.8204 USD | ||||
ORD | Purchase | 500 | 34.7000 USD | ||||
ORD | Purchase | 700 | 34.7528 USD | ||||
ORD | Purchase | 700 | 34.8600 USD | ||||
ORD | Purchase | 800 | 34.8500 USD | ||||
ORD | Purchase | 879 | 34.7435 USD | ||||
ORD | Purchase | 900 | 34.7888 USD | ||||
ORD | Purchase | 975 | 34.9000 USD | ||||
ORD | Purchase | 1,200 | 34.6441 USD | ||||
ORD | Purchase | 1,436 | 34.7526 USD | ||||
ORD | Purchase | 1,600 | 34.7196 USD | ||||
ORD | Purchase | 2,182 | 34.7843 USD | ||||
ORD | Purchase | 4,200 | 34.6928 USD | ||||
ORD | Purchase | 5,008 | 34.8300 USD | ||||
ORD | Purchase | 5,360 | 34.6982 USD | ||||
ORD | Purchase | 9,800 | 34.7119 USD | ||||
ORD | Purchase | 13,500 | 34.7577 USD | ||||
ORD | Purchase | 13,700 | 34.7643 USD | ||||
ORD | Purchase | 23,100 | 34.7947 USD | ||||
ORD | Purchase | 25,839 | 34.7845 USD | ||||
ORD | Purchase | 37,354 | 34.7650 USD | ||||
ORD | Sale | 65 | 34.8287 USD | ||||
ORD | Sale | 100 | 34.6300 USD | ||||
ORD | Sale | 100 | 34.7300 USD | ||||
ORD | Sale | 100 | 34.9100 USD | ||||
ORD | Sale | 200 | 34.6870 USD | ||||
ORD | Sale | 200 | 34.7201 USD | ||||
ORD | Sale | 200 | 34.7500 USD | ||||
ORD | Sale | 300 | 34.6900 USD | ||||
ORD | Sale | 300 | 34.7100 USD | ||||
ORD | Sale | 300 | 34.7866 USD | ||||
ORD | Sale | 300 | 34.8433 USD | ||||
ORD | Sale | 399 | 34.7537 USD | ||||
ORD | Sale | 400 | 34.7125 USD | ||||
ORD | Sale | 400 | 34.8137 USD | ||||
ORD | Sale | 445 | 34.7684 USD | ||||
ORD | Sale | 445 | 34.8203 USD | ||||
ORD | Sale | 500 | 34.8480 USD | ||||
ORD | Sale | 600 | 34.7491 USD | ||||
ORD | Sale | 600 | 34.8850 USD | ||||
ORD | Sale | 600 | 34.8883 USD | ||||
ORD | Sale | 700 | 34.6885 USD | ||||
ORD | Sale | 700 | 34.6942 USD | ||||
ORD | Sale | 700 | 34.8600 USD | ||||
ORD | Sale | 700 | 34.8842 USD | ||||
ORD | Sale | 900 | 34.6988 USD | ||||
ORD | Sale | 1,100 | 34.7454 USD | ||||
ORD | Sale | 1,543 | 34.9025 USD | ||||
ORD | Sale | 1,600 | 34.8143 USD | ||||
ORD | Sale | 1,660 | 34.6981 USD | ||||
ORD | Sale | 1,995 | 34.8300 USD | ||||
ORD | Sale | 2,700 | 34.8400 USD | ||||
ORD | Sale | 3,300 | 34.8396 USD | ||||
ORD | Sale | 3,340 | 34.7729 USD | ||||
ORD | Sale | 3,540 | 34.7666 USD | ||||
ORD | Sale | 4,240 | 34.7560 USD | ||||
ORD | Sale | 4,900 | 34.7113 USD | ||||
ORD | Sale | 6,170 | 34.7856 USD | ||||
ORD | Sale | 6,248 | 34.7418 USD | ||||
ORD | Sale | 6,500 | 34.7478 USD | ||||
ORD | Sale | 6,726 | 34.7271 USD | ||||
ORD | Sale | 7,600 | 34.7556 USD | ||||
ORD | Sale | 9,330 | 34.7865 USD | ||||
ORD | Sale | 9,500 | 34.7949 USD | ||||
ORD | Sale | 15,600 | 34.8144 USD | ||||
ORD | Sale | 17,100 | 34.7668 USD | ||||
ORD | Sale | 27,172 | 34.7321 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Â |
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 |
(c) Stock-settled derivative transactions (including options)
(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. |
 | Expiry date |  | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Â |
Product description
e.g. call option |
 | Exercising/ exercised against |  | Number of securities |  | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Â |
Nature of dealing
e.g. subscription, conversion |
 | Details |  | Price per unit (if applicable) |
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:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “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†|
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | Â | YES | |
Date of disclosure: | 7 Jan 2015 | ||
Contact name: | Sushil Vashisht | ||
Telephone number: | 020 7 773 0744 |
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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
143221.01
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the “Codeâ€)
1. KEY INFORMATION
Identity of the person whose positions/dealings | Â | BARCLAYS CAPITAL INC | |
are being disclosed: | Â | ||
Name of offeror/offeree in relation to whose | XL GROUP PLC | ||
relevant securities this from relates: | Â |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
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 | |||||||||||||
 |  |  | relates |  |  |  | |||||||
ORD | Put Options | Purchased | -100 | 30.0000 | American | 17 Jan 2015 | |||||||
ORD | Put Options | Purchased | -5,800 | 30.0000 | American | 17 Apr 2015 | |||||||
ORD | Put Options | Purchased | -2,600 | 31.0000 | American | 17 Jan 2015 | |||||||
ORD | Put Options | Purchased | -6,600 | 32.0000 | American | 17 Jan 2015 | |||||||
ORD | Put Options | Purchased | -1,400 | 37.0000 | American | 17 Jan 2015 | |||||||
ORD | Put Options | Written | 1,000 | 33.0000 | American | 17 Jan 2015 | |||||||
ORD | Call Options | Purchased | 2,400 | 35.0000 | American | 17 Jan 2015 | |||||||
ORD | Call Options | Purchased | 8,300 | 36.0000 | American | 17 Jan 2015 |
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 cash-settled derivatives.
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.