Form 8.5 (EPT/RI)-TI Fluid Systems plc

JPMorgan Securities Plc
17 September 2024
 

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

J.P. Morgan Securities Plc

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

TI Fluid Systems plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Corporate broker to TI Fluid Systems Plc

(d) Date dealing undertaken:

16 September 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

     If it is a cash offer or possible cash offer, state "N/A"

N/A

 

2.         DEALINGS 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 2(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

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

1p ordinary

Purchase

 

Sale

2,471,172

 

2,290,102

1.7000 GBP

 

1.7000 GBP

1.6220 GBP

 

1.6280 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

1p ordinary

Equity Swap

Decrease Long

 

 

 

 

 

 

 

 

 

 

 

 

 

Decrease Short

 

 

 

 

 

 

 

 

 

 

 

 

Increase Long

 

 

 

 

 

 

 

 

 

Increase Short

 

 

Opening a Short Position

 

1,560

2

14,924

1,030

1,000

9,000

114,483

71,753

1,046

53

63,450

2,345

510

 

5,563

7,558

33,478

100,000

626

51,319

14,473

200

42,500

87

85,000

1,752

 

15,348

2,025

4,178

2,096

10,133

5,370

155

287

12,191

 

35,400

2,370

 

157,239

124,912

1.6356 GBP

1.6451 GBP

1.6482 GBP

1.6620 GBP

1.6621 GBP

1.6634 GBP

1.6636 GBP

1.6640 GBP

1.6656 GBP

1.6667 GBP

1.6676 GBP

1.6760 GBP

1.6761 GBP

 

1.6474 GBP

1.6522 GBP

1.6530 GBP

1.6578 GBP

1.6596 GBP

1.6597 GBP

1.6598 GBP

1.6600 GBP

1.6638 GBP

1.6639 GBP

1.6689 GBP

1.6713 GBP

 

1.6589 GBP

1.6598 GBP

1.6620 GBP

1.6623 GBP

1.6639 GBP

1.6643 GBP

1.6698 GBP

1.6699 GBP

1.6708 GBP

 

1.6482 GBP

1.6570 GBP

 

1.6536 GBP

1.6731 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









 

(ii)        Exercise

 

Class of relevant security

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

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

 

 

 

 

 

 

3.         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"

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

 

 

 

Date of disclosure:

17 September 2024

Contact name:

Natasha Mondon

Telephone number:

01202 325175

 

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 dealing disclosure requirements on +44 (0)20 7638 0129.

 

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

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