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

JPMorgan Securities Plc

12 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:	11 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	2,548,721  3,273,829	2.1286 GBP  2.1289 GBP	2.1000 GBP  2.1000 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 short position	390  43,178  54,410  20,436  18,335  105,000  55,445  127,794  108  51,868  83  70  3,632  44,139  8,674  787  405  1,362  26,009  1,160  67,136  2,562  16,297  652  138,596  11,847  26,823  36,266  22,269  1,102  5,090  7,881  802  4  10,090  63,081  1,403  1,222  18,876  3,386  85,706  165  6,350  83  23,352  4,133  5,098  950,000  39,544  29,199  11,814  1,013,769  4,718  677  1,088  22,822  279,904  246,542 31,073  450,000  50,000  250,000	2.1011 GBP 2.1050 GBP 2.1051 GBP 2.1052 GBP 2.1053 GBP 2.1056 GBP 2.1059 GBP 2.1060 GBP 2.1066 GBP 2.1071 GBP 2.1073 GBP 2.1075 GBP 2.1079 GBP 2.1093 GBP 2.1106 GBP 2.1125 GBP 2.1126 GBP 2.1150 GBP 2.1199 GBP 2.1235 GBP 2.1050 GBP 2.1054 GBP 2.1060 GBP 2.1064 GBP 2.1090 GBP 2.1120 GBP 2.1121 GBP 2.1000 GBP 2.1009 GBP 2.1020 GBP 2.1027 GBP 2.1041 GBP 2.1044 GBP 2.1045 GBP 2.1047 GBP 2.1048 GBP 2.1050 GBP 2.1051 GBP 2.1057 GBP 2.1060 GBP 2.1062 GBP 2.1069 GBP 2.1071 GBP 2.1073 GBP 2.1081 GBP 2.1088 GBP 2.1107 GBP 2.1166 GBP 2.1187 GBP 2.1192 GBP 2.1199 GBP 2.1225 GBP 2.1013 GBP 2.1050 GBP 2.1052 GBP 2.1079 GBP 2.1239 GBP 2.1286 GBP 2.1048 GBP 2.1065 GBP 2.1070 GBP 2.1101 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	93,424 30,601  37,402  25,421	4.0866 AUD 4.0831 AUD 4.0880 AUD 4.0901 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:	12 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