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

JPMorgan Securities Plc

03 April 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:	2 April 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	3,407,972 3,411,494	2.1780 GBP 2.1800 GBP	2.1460 GBP 2.1480 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	99 4,775 1,459 272 843 2,244 50,000 5,860 33,834 8,764 118,700 250,000 337 572,284 5,960 6,628 33,811 13,275 13,314 3,944 19,157 8,828 3,521 3,722 40,701 760 22,891 155 82,169 8,502 17,729 130 5,781 245,767 1,904 14,799 2,677 7,805 370,181 8,363 185 15,800 2 97,185 18,085 2,514 81,915	2.1576 GBP 2.1626 GBP 2.1642 GBP 2.1503 GBP 2.1566 GBP 2.1576 GBP 2.1617 GBP 2.1631 GBP 2.1640 GBP 2.1657 GBP 2.1661 GBP 2.1669 GBP 2.1679 GBP 2.1684 GBP 2.1692 GBP 2.1696 GBP 2.1702 GBP 2.1705 GBP 2.1708 GBP 2.1723 GBP 2.1747 GBP 2.1754 GBP 2.1770 GBP 2.1652 GBP 2.1579 GBP 2.1580 GBP 2.1617 GBP 2.1620 GBP 2.1621 GBP 2.1622 GBP 2.1649 GBP 2.1652 GBP 2.1653 GBP 2.1662 GBP 2.1673 GBP 2.1681 GBP 2.1685 GBP 2.1691 GBP 2.1697 GBP 2.1699 GBP 2.1702 GBP 2.1719 GBP 2.1722 GBP 2.1749 GBP 2.1773 GBP 2.1775 GBP 2.1782 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	13,879,714  12,724,526  750,000	2.2227 AUD 2.0500 AUD 4.1266 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:	3 April 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