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

JPMorgan Securities Plc

11 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:	8 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	3,477,683 2,136,427	2.1410 GBP 2.1390 GBP	2.1110 GBP 2.1057 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	538 2,175 55,000 13,321 27,629 27,220 10,000 1 23,028 2,891 895 22,083 330,664 200,000 2,768 1,797 4 3,817 979 754 61 183 80,008 45,720 13,143 52,623 5,084 119 8,720 470 3,576 5,215 47,894 36,282 8,149 24,058 659 2,369 2,123 3,209 15,389 8,543 8,014 4,433 5,751 459,972 32,657 212,975 26 895 76,200 16,942 19,821 3,817 696 4,949 8,421 68,150 390,096 503,458 500,000	2.1085 GBP 2.1112 GBP 2.1194 GBP 2.1221 GBP 2.1241 GBP 2.1248 GBP 2.1253 GBP 2.1265 GBP 2.1280 GBP 2.1290 GBP 2.1302 GBP 2.1317 GBP 2.1326 GBP 2.1327 GBP 2.1330 GBP 2.1333 GBP 2.1340 GBP 2.1347 GBP 2.1349 GBP 2.1355 GBP 2.1360 GBP 2.1362 GBP 2.1370 GBP 2.1371 GBP 2.1372 GBP 2.1373 GBP 2.1377 GBP 2.1160 GBP 2.1205 GBP 2.1220 GBP 2.1330 GBP 2.1335 GBP 2.1370 GBP 2.1058 GBP 2.1183 GBP 2.1207 GBP 2.1209 GBP 2.1212 GBP 2.1225 GBP 2.1242 GBP 2.1253 GBP 2.1257 GBP 2.1260 GBP 2.1270 GBP 2.1271 GBP 2.1276 GBP 2.1287 GBP 2.1289 GBP 2.1290 GBP 2.1302 GBP 2.1309 GBP 2.1320 GBP 2.1342 GBP 2.1347 GBP 2.1350 GBP 2.1368 GBP 2.1370 GBP 2.1181 GBP 2.1285 GBP 2.1339 GBP 2.1376 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	973,633 92,418  56,578  700,000  2,202  77,947  44,488	4.0795 AUD 4.0775 AUD 4.0780 AUD 4.0791 AUD 4.0808 AUD 4.0835 AUD 4.0847 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:	11 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