Form 8.5 (EPT/RI)-Network International Hold Amend

JPMorgan Securities Plc

02 November 2023

 

AMENDMENT

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	Network International Holdings plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial advisor and corporate broker to Network International Holdings PLC
(d) Date dealing undertaken:	25 October 2023
(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	1,250,742  517,395	3.8851 GBP 3.8840 GBP	3.8360GBP 3.8300 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 Opening a long position Opening a short position	27,000  55,173  27  18,257  22,326  11,555  3,396  7,000  55,173  7,500  88,026  131  1,000  100,000  3,788  274  6,429  8,050  91,644  75,000  130  2,500  200,000  7,109  11,859  25,336  7,729  5,931  19,404  2  340  121  2,691  689  7,966  3,454  17,491  513  34,608  10,419	3.8558 GBP 3.8593 GBP 3.8603 GBP 3.8634 GBP 3.8652 GBP 3.8593 GBP 3.8596 GBP 3.8781 GBP 3.8810 GBP 3.8335 GBP 3.8424 GBP 3.8427 GBP 3.8464 GBP 3.8490 GBP 3.8496 GBP 3.8523 GBP 3.8540 GBP 3.8564 GBP 3.8587 GBP 3.8691 GBP 3.8744 GBP 3.8804 GBP 3.8852 GBP 3.8418 GBP 3.8458 GBP 3.8514 GBP 3.8542 GBP 3.8562 GBP 3.8598 GBP 3.8799 GBP 3.8870 GBP 3.9060 GBP 3.8347 GBP 3.8401 GBP 3.8421 GBP 3.8453 GBP 3.8498 GBP 3.8561 GBP 3.8600 GBP 3.8840 GBP

(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:	02 November 2023
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