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

JPMorgan Securities Plc

22 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:	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	10,419,404 4,533,432	2.1381 GBP 2.1377 GBP	2.0780 GBP 2.1120 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 19,293 600,000 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 57,509 438,953 33,216 49 126,433 536 207 104,154 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 2.1120 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 2.1312 GBP 2.1317 GBP 2.1318 GBP 2.1319 GBP 2.1329 GBP 2.1331 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:	22 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