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

JPMorgan Securities Plc

15 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:	14 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	2,916,687 1,784,537	2.1051 GBP 2.1050 GBP	2.0921 GBP 2.0937 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
10p ordinary	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short	4,254 188,536 1 167 4,279 432 635 185,939 19,269 35,051 862 128,173 3 11,624 65,799 5,493 12,252 17,696 2,833 640 522 11,663 11,900 514 18,712 22 1,562 23 55,953 7,240 5,992 101,533 41,796 36,459 1,242 6 65,799 100,000 50,000 67 464,532 103,132 14,407 7,082 67,690	2.0951 GBP 2.0977 GBP 2.0980 GBP 2.0989 GBP 2.1002 GBP 2.1005 GBP 2.1006 GBP 2.1010 GBP 2.1011 GBP 2.1012 GBP 2.1020 GBP 2.1021 GBP 2.1029 GBP 2.1031 GBP 2.1070 GBP 2.0927 GBP 2.0998 GBP 2.1005 GBP 2.1011 GBP 2.1021 GBP 2.1025 GBP 2.0978 GBP 2.0985 GBP 2.0989 GBP 2.0993 GBP 2.0995 GBP 2.0997 GBP 2.0998 GBP 2.0999 GBP 2.1002 GBP 2.1004 GBP 2.1005 GBP 2.1008 GBP 2.1010 GBP 2.1013 GBP 2.1019 GBP 2.1070 GBP 2.0921 GBP 2.0990 GBP 2.0991 GBP 2.0995 GBP 2.1010 GBP 2.1013 GBP 2.1025 GBP 2.1051 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	6,335 2,717 6,335 2,717	2.6759 AUD 4.0470 AUD 4.0466 AUD 4.0476 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:	15 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