Form 8.5 (EPT/RI)-Virgin Money UK plc

JPMorgan Securities Plc

08 March 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	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:	7 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
CDI	Purchase Sale	- -	- -	- -

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	11,463,108 9,867,309	2.1763 GBP 2.1790 GBP	2.1280 GBP 2.1270 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
CDI	Equity Swap	-	-	-

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 Opening a Short Position	32,504 43,836 15,432 2,744 28,661 532,362 46,002 2,085,826 2,566,349 66,689 159,571 21,008 1,036,691 70,683 2 212 10,514 8,817 3,475 10 284,076 1,639 255,294 5,664 35,574 6,056 7,620 108,008 14 984 206,263 224,895 23,708 1,085 2,089 81,359 4,089 101 167,735 6,518 34,057 68 1,012,987 45 427,588 16,466 451,642 395,827 61,201 358,261 10,048 6,941 1,106,069 68,399 51,474 9,607 898,379 1,525 17,852 61,441 21,705 14,710 165,213 500,000 11,492 25,683 1 2,860 2,788 2 9,167 75,042 800 1,051 2,371 572 3,803 678 545 5,302 9,897 8,650 1,686 851 32,791 18,839 8,325 10,286 6,156 3,449 1,126 69,102 17,321 14,104 10,976 540,871 1,840 5,133 54,878 6,070 600,000 1,797 500,000 100,000 300,000 136,360 579,530 68,180 286,937	2.1308 GBP 2.1470 GBP 2.1473 GBP 2.1485 GBP 2.1520 GBP 2.1571 GBP 2.1599 GBP 2.1607 GBP 2.1610 GBP 2.1630 GBP 2.1631 GBP 2.1639 GBP 2.1642 GBP 2.1658 GBP 2.1705 GBP 2.1360 GBP 2.1372 GBP 2.1379 GBP 2.1388 GBP 2.1421 GBP 2.1428 GBP 2.1430 GBP 2.1444 GBP 2.1447 GBP 2.1450 GBP 2.1462 GBP 2.1469 GBP 2.1470 GBP 2.1478 GBP 2.1489 GBP 2.1495 GBP 2.1500 GBP 2.1504 GBP 2.1507 GBP 2.1508 GBP 2.1510 GBP 2.1511 GBP 2.1513 GBP 2.1527 GBP 2.1536 GBP 2.1547 GBP 2.1568 GBP 2.1570 GBP 2.1591 GBP 2.1599 GBP 2.1600 GBP 2.1601 GBP 2.1605 GBP 2.1607 GBP 2.1610 GBP 2.1616 GBP 2.1617 GBP 2.1623 GBP 2.1624 GBP 2.1629 GBP 2.1634 GBP 2.1636 GBP 2.1639 GBP 2.1640 GBP 2.1648 GBP 2.1652 GBP 2.1659 GBP 2.1662 GBP 2.1686 GBP 2.1593 GBP 2.1617 GBP 2.1790 GBP 2.1422 GBP 2.1458 GBP 2.1471 GBP 2.1472 GBP 2.1499 GBP 2.1551 GBP 2.1552 GBP 2.1577 GBP 2.1580 GBP 2.1583 GBP 2.1590 GBP 2.1600 GBP 2.1603 GBP 2.1606 GBP 2.1615 GBP 2.1618 GBP 2.1622 GBP 2.1625 GBP 2.1630 GBP 2.1632 GBP 2.1638 GBP 2.1641 GBP 2.1643 GBP 2.1654 GBP 2.1659 GBP 2.1665 GBP 2.1668 GBP 2.1674 GBP 2.1687 GBP 2.1718 GBP 2.1763 GBP 2.1447 GBP 2.1470 GBP 2.1673 GBP 2.1678 GBP 2.1386 GBP 2.1401 GBP 2.1494 GBP 2.1516 GBP 2.1523 GBP 2.1570 GBP 2.1645 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:	8 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 [phone].

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

 

END