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 [phone].

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

 

END