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
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(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Kennedy Wilson Europe Real Estate Plc |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
Financial Advisor to Kennedy Wilson Europe Real Estate Plc |
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(d) Date dealing undertaken: |
25 April 2017 |
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(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" |
No. |
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
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Class of relevant security |
Purchases/ sales
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Total number of securities |
Highest price per unit paid/received (GBP)
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Lowest price per unit paid/received (GBP)
|
|
Ordinary Shares
|
Purchases
Sales |
77,718
18,981 |
11.1100
11.0745 |
10.8895
10.8502 |
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|
|
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(b) Cash-settled derivative transactions
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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
|
|
Ordinary Shares |
Equity Swaps
|
Long
Short
|
632 1,125 10 224 76 8,521
585 590 1,902 4,263 138 461 351 3,200 2,760 412 6,642 269 2,298 11,893 23 637 1,457 76 3,610 169 2,439 1,076 594 258 216 23,088 |
10.8501 GBP 10.8502 GBP 10.8789 GBP 10.9047 GBP 10.9223 GBP 10.9654 GBP
10.8895 GBP 10.9024 GBP 10.9103 GBP 10.9122 GBP 10.9220 GBP 10.9620 GBP 10.9711 GBP 10.9778 GBP 10.9850 GBP 10.9911 GBP 10.9961 GBP 10.9967 GBP 10.9976 GBP 10.9977 GBP 11.0008 GBP 11.0041 GBP 11.0042 GBP 11.0135 GBP 11.0136 GBP 11.0148 GBP 11.0177 GBP 11.0178 GBP 11.0759 GBP 11.0761 GBP 11.1103 GBP 14.1206 USD |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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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 (GBP) |
Type e.g. American, European etc. |
Expiry date |
Option money paid/ received per unit (GBP) |
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Ordinary Shares |
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|
|
|
|
|
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit (GBP) |
|
Ordinary Shares |
|
|
|
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) (GBP) |
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|
|
|
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(a) Indemnity and other dealing arrangements
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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" |
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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" |
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None
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Date of disclosure: |
26 April 2017 |
Contact name: |
Tung Le |
Telephone number: |
020 7742 7272 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.