AMENDMENT
INCREASED EQUITY PURCHASES BY 200,000 TO 237,193
ADDED EQUITY SWAP SALES OF 200,000
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: |
26 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
|
Class of relevant security |
Purchases/ sales
|
Total number of securities |
Highest price per unit paid/received (GBP)
|
Lowest price per unit paid/received (GBP)
|
|
Ordinary Shares
|
Purchases
Sales |
237,193
16,757 |
10.7600
10.7743 |
10.6300
10.6500 |
|
|
|
|
(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
|
316 153 507 657 1,278 1,912 73 374 4,409 204 10 4
3,176 73 4,551 4,878 678 5,670 29 228 1,130 39 370 4,409 3,894 344 798 200,000 |
10.6289 GBP 10.6623 GBP 10.6680 GBP 10.6768 GBP 10.6770 GBP 10.6805 GBP 10.6819 GBP 10.6939 GBP 10.6950 GBP 10.6958 GBP 10.7729 GBP 10.7789 GBP
10.6303 GBP 10.6328 GBP 10.6600 GBP 10.6642 GBP 10.6703 GBP 10.6780 GBP 10.6808 GBP 10.6853 GBP 10.6870 GBP 10.6911 GBP 10.6938 GBP 10.6950 GBP 10.7034 GBP 10.7289 GBP 10.7603 GBP 13.7559 USD |
(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 (GBP) |
Type e.g. American, European etc. |
Expiry date |
Option money paid/ received per unit (GBP) |
|
Ordinary Shares |
|
|
|
|
|
|
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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)
|
Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) (GBP) |
|
|
|
|
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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" |
|
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" |
|
None
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Date of disclosure: |
04 May 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.