Form 8.3 - Lookers PLC

Bank of America Merrill Lynch

28 September 2023

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE
Rule 8.3 of the Takeover Code (the "Code")

1.	KEY INFORMATION

(a) Full name of discloser:	Bank of America Corporation
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Lookers PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	27/09/2023
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	NO

2.	POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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(c), 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:	5p ordinary
	Interests		Short Positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	6,617,886	1.707%	0	0 %
(2) Cash-settled derivatives:	0	0 %	6,617,886	1.707%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0%	0	0 %
TOTAL:	6,617,886	1.707%	6,617,886	1.707%

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:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.	DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 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 security	Purchase/sale	Number of securities	Price per unit
5p ordinary	Sale	5,000,000	1.296 GBP

(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
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	226,680	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	92,832	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	113,280	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	113,340	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	159,376	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	152,967	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	141,525	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	122,160	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	19,855	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	173,094	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	244,320	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	164,871	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	123,000	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	152,700	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	268,200	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	97,502	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	27,362	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	180,986	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	224,000	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	134,100	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	167,850	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	287,925	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	230,400	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	62,308	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	317,631	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	229,980	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	460,800	1.296 GBP
5p ordinary	Swaps - Equity Swaps	Reducing a Short Position	310,956	1.296 GBP

(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	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise Price per unit
N/A	N/A	N/A	N/A	N/A

(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)
N/A	N/A	N/A	N/A

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 person 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

(b)	Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person 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?

No

Date of disclosure:	28/09/2023
Contact name:	Frank Lui
Telephone number:	[phone]

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
disclosure requirements on [phone].

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

 

END