Form 8.5 (EPT/RI) - TI Fluid

GoldmanSachs International

02 December 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:	(GS) GOLDMAN SACHS INTERNATIONAL
(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:	TI FLUID SYSTEMS PLC
(d) Date dealing undertaken:	29 November 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 the 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	Purchases	12,292,793	1.9329 GBP	1.9200 GBP
1p ordinary	Sales	4,363,507	1.9384 GBP	1.9220 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	CFD	Increasing a short position	5,363	1.9206 GBP
1p ordinary	CFD	Increasing a short position	2,764	1.9220 GBP
1p ordinary	CFD	Opening a short position	2,384,506	1.9222 GBP
1p ordinary	CFD	Opening a short position	615,494	1.9222 GBP
1p ordinary	CFD	Reducing a short position	139,113	1.9228 GBP
1p ordinary	CFD	Reducing a short position	117	1.9229 GBP
1p ordinary	CFD	Increasing a short position	987,448	1.9232 GBP
1p ordinary	CFD	Opening a short position	734,400	1.9238 GBP
1p ordinary	CFD	Increasing a short position	194,944	1.9241 GBP
1p ordinary	CFD	Opening a short position	39,000	1.9243 GBP
1p ordinary	CFD	Opening a short position	55,300	1.9243 GBP
1p ordinary	CFD	Opening a short position	4,200	1.9243 GBP
1p ordinary	CFD	Opening a short position	1,300	1.9243 GBP
1p ordinary	CFD	Reducing a long position	4,300	1.9245 GBP
1p ordinary	CFD	Reducing a long position	5,545	1.9245 GBP
1p ordinary	CFD	Opening a short position	35,242	1.9245 GBP
1p ordinary	CFD	Opening a short position	56,781	1.9245 GBP
1p ordinary	CFD	Increasing a short position	22,462	1.9252 GBP
1p ordinary	CFD	Increasing a short position	53,347	1.9252 GBP
1p ordinary	CFD	Opening a short position	176,887	1.9252 GBP
1p ordinary	CFD	Opening a short position	32,895	1.9252 GBP
1p ordinary	CFD	Opening a short position	135,965	1.9252 GBP
1p ordinary	CFD	Increasing a short position	207,237	1.9252 GBP
1p ordinary	CFD	Increasing a short position	116,053	1.9252 GBP
1p ordinary	CFD	Opening a short position	65,514	1.9252 GBP
1p ordinary	CFD	Opening a short position	177,823	1.9252 GBP
1p ordinary	CFD	Increasing a short position	28,077	1.9252 GBP
1p ordinary	CFD	Increasing a short position	208,333	1.9252 GBP
1p ordinary	CFD	Opening a short position	62,500	1.9252 GBP
1p ordinary	CFD	Opening a short position	26,316	1.9252 GBP
1p ordinary	CFD	Opening a short position	129,900	1.9254 GBP
1p ordinary	CFD	Increasing a short position	50,000	1.9256 GBP
1p ordinary	CFD	Increasing a short position	25,000	1.9256 GBP
1p ordinary	CFD	Increasing a short position	175,000	1.9264 GBP
1p ordinary	CFD	Increasing a short position	250,000	1.9282 GBP
1p ordinary	CFD	Increasing a short position	309,400	1.9295 GBP
1p ordinary	CFD	Increasing a short position	132,600	1.9295 GBP
1p ordinary	CFD	Increasing a short position	250,000	1.9312 GBP
1p ordinary	CFD	Opening a short position	250,000	1.9314 GBP
1p ordinary	CFD	Increasing a short position	571	1.9322 GBP
1p ordinary	CFD	Increasing a short position	460	1.9322 GBP
1p ordinary	CFD	Increasing a short position	1,142	1.9329 GBP
1p ordinary	CFD	Increasing a short position	919	1.9329 GBP
1p ordinary	CFD	Increasing a short position	163	1.9341 GBP
1p ordinary	CFD	Increasing a short position	132	1.9341 GBP
1p ordinary	CFD	Reducing a long position	466	1.9342 GBP
1p ordinary	CFD	Reducing a long position	579	1.9342 GBP
1p ordinary	CFD	Reducing a short position	4,178	1.9380 GBP
1p ordinary	CFD	Reducing a short position	14,788	1.9384 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:	02 December 2024
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	[phone] / [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