FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
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BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
BIFFA PLC |
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relevant securities this form relates: |
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(c) |
Name of the party to the offer with which exempt |
Energy Capital Partners, LLC |
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principal trader is connected |
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(d) |
Date position held/dealing undertaken: |
14 September 2022 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
NO |
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trader making disclosures in respect of any other party to the offer? |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
1p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
18,146,719 |
5.93% |
1,633,248 |
0.53% |
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(2) |
Cash-settled derivatives: |
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1,401,108 |
0.46% |
18,022,969 |
5.89% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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19,547,827 |
6.39% |
19,656,217 |
6.42% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchases and sales |
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Class of relevant |
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Purchase/sale |
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Total number of |
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Highest price per unit |
Lowest price per unit |
security |
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securities |
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paid/received |
paid/received |
1p ordinary |
Purchase |
157,790 |
3.9614 GBP |
3.914 GBP |
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1p ordinary |
Sale |
121,983 |
3.9760 GBP |
3.91 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
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Product |
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Nature of dealing |
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Number of |
Price per |
relevant |
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description |
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reference |
unit |
security |
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securities |
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1p ordinary |
SWAP |
Decreasing Long |
477 |
3.9260 GBP |
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1p ordinary |
SWAP |
Decreasing Long |
2,131 |
3.9469 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
100 |
3.9159 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
532 |
3.9140 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
970 |
3.9660 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
2,156 |
3.9096 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
2,403 |
3.9399 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
3,066 |
3.9582 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
4,180 |
3.9177 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
5,478 |
3.9332 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
7,589 |
3.9390 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
10,292 |
3.9355 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
22,057 |
3.9340 GBP |
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1p ordinary |
CFD |
Increasing Long |
6,546 |
3.9529 GBP |
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1p ordinary |
SWAP |
Increasing Short |
245 |
3.9295 GBP |
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1p ordinary |
SWAP |
Increasing Short |
477 |
3.9260 GBP |
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1p ordinary |
SWAP |
Increasing Short |
695 |
3.9614 GBP |
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1p ordinary |
SWAP |
Increasing Short |
823 |
3.9476 GBP |
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1p ordinary |
SWAP |
Increasing Short |
971 |
3.9374 GBP |
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1p ordinary |
SWAP |
Increasing Short |
2,131 |
3.9469 GBP |
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1p ordinary |
SWAP |
Increasing Short |
5,532 |
3.9244 GBP |
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1p ordinary |
SWAP |
Increasing Short |
7,372 |
3.9346 GBP |
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1p ordinary |
SWAP |
Increasing Short |
22,057 |
3.9340 GBP |
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1p ordinary |
SWAP |
Increasing Short |
22,875 |
3.9222 GBP |
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1p ordinary |
SWAP |
Increasing Short |
40,561 |
3.9336 GBP |
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1p ordinary |
SWAP |
Increasing Short |
63,958 |
3.9239 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
of |
description |
purchasing, |
of |
price |
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date |
money |
relevant |
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selling, |
securities |
per unit |
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paid/ |
security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
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Nature of Dealings |
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Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
15 Sep 2022 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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