AMENDMENT
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 |
Virgin Money UK plc |
(c) Name of the party to the offer with which exempt principal trader is connected: |
Joint financial adviser and joint corporate broker to Virgin Money UK plc |
(d) Date dealing undertaken: |
21 March 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 |
10p ordinary |
Purchase
Sale |
14,526,365
5,056,443 |
2.1381 GBP
2.1377 GBP |
2.0780 GBP
2.1054 GBP |
Class of relevant security |
Purchases/ sales
|
Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
CDI |
Purchase
Sale |
-
- |
-
- |
-
- |
(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 |
10p ordinary |
Equity Swap |
Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position |
786,183 45,109 177,913 6,524 19,293
400,000 600,000 123,011 1,494 150,000 1,602 10,187 1,649,626 250,000 4,008 455 2,812 8,779 76,783
48,263 26,232
150,000 26,947 472,920 67,560 17,711 135,120 367,935 16,770 71 24,001 7,575 111,330 57,509 1,850,000 438,953 33,216 49 126,433 536 404,388 2,725 55 1,850,000 104,154 1,095,299 200 3,000,000 204 124,878
3,786 7,521 |
2.0780 GBP 2.1255 GBP 2.1281 GBP 2.1310 GBP 2.1325 GBP
2.1054 GBP 2.1120 GBP 2.1232 GBP 2.1268 GBP 2.1274 GBP 2.1275 GBP 2.1276 GBP 2.1323 GBP 2.1324 GBP 2.1326 GBP 2.1332 GBP 2.1341 GBP 2.1350 GBP 2.1377 GBP
2.1349 GBP 2.1350 GBP
2.1121 GBP 2.1261 GBP 2.1264 GBP 2.1271 GBP 2.1279 GBP 2.1281 GBP 2.1291 GBP 2.1295 GBP 2.1302 GBP 2.1305 GBP 2.1307 GBP 2.1308 GBP 2.1309 GBP 2.1311 GBP 2.1312 GBP 2.1317 GBP 2.1318 GBP 2.1319 GBP 2.1329 GBP 2.1331 GBP 2.1332 GBP 2.1333 GBP 2.1337 GBP 2.1338 GBP 2.1339 GBP 2.1340 GBP 2.1346 GBP 2.1350 GBP 2.1352 GBP
2.1348 GBP 2.1350 GBP |
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 |
CDI |
Equity Swap |
Opening a Long Position Opening a Short Position |
3,004
3,004 |
3.9927 AUD
3.9933 AUD |
(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: |
25 March 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.