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:	Deutsche Bank AG London
(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
(c) Name of the party to the offer with which exempt principal trader is connected:	Kennedy-Wilson Holdings, Inc., Kennedy Wilson Europe Real Estate Plc
(d) Date dealing undertaken:	08/05/2017
(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	Lowest price per unit paid/received
Ordinary NPV	Purchase	1,009	10.12	10.08
Ordinary NPV	Sales	17,876	10.188972	10.09556

 

 

(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
Ordinary NPV	SWAP	LONG	1	10.118988
Ordinary NPV	SWAP	LONG	1	10.09899
Ordinary NPV	SWAP	LONG	2	10.108989
Ordinary NPV	SWAP	LONG	2	10.146113
Ordinary NPV	SWAP	LONG	2	10.108989
Ordinary NPV	SWAP	LONG	3	10.09899
Ordinary NPV	SWAP	LONG	3	10.093991
Ordinary NPV	SWAP	LONG	3	10.115655
Ordinary NPV	SWAP	LONG	5	10.123839
Ordinary NPV	SWAP	LONG	5	10.09899
Ordinary NPV	SWAP	LONG	6	10.09899
Ordinary NPV	SWAP	LONG	7	10.130203
Ordinary NPV	SWAP	LONG	8	10.09899
Ordinary NPV	SWAP	LONG	9	10.188981
Ordinary NPV	SWAP	LONG	9	10.118988
Ordinary NPV	SWAP	LONG	10	10.113989
Ordinary NPV	SWAP	LONG	10	10.188981
Ordinary NPV	SWAP	LONG	11	10.113989
Ordinary NPV	SWAP	LONG	12	10.113989
Ordinary NPV	SWAP	LONG	12	10.188981
Ordinary NPV	SWAP	LONG	14	10.146113
Ordinary NPV	SWAP	LONG	14	10.113989
Ordinary NPV	SWAP	LONG	18	10.13185
Ordinary NPV	SWAP	LONG	20	10.111989
Ordinary NPV	SWAP	LONG	21	10.11137
Ordinary NPV	SWAP	LONG	24	10.09899
Ordinary NPV	SWAP	LONG	27	10.141988
Ordinary NPV	SWAP	LONG	38	10.188981
Ordinary NPV	SWAP	LONG	50	10.132749
Ordinary NPV	SWAP	LONG	57	10.129831
Ordinary NPV	SWAP	LONG	65	10.105803
Ordinary NPV	SWAP	LONG	75	10.188981
Ordinary NPV	SWAP	LONG	77	10.111018
Ordinary NPV	SWAP	LONG	77	10.188981
Ordinary NPV	SWAP	LONG	78	10.106106
Ordinary NPV	SWAP	LONG	81	10.188981
Ordinary NPV	SWAP	LONG	89	10.113764
Ordinary NPV	SWAP	LONG	89	10.144861
Ordinary NPV	SWAP	LONG	91	10.126225
Ordinary NPV	SWAP	LONG	97	10.11337
Ordinary NPV	SWAP	LONG	213	10.119834
Ordinary NPV	SWAP	LONG	233	10.188981
Ordinary NPV	SWAP	LONG	460	10.105315
Ordinary NPV	SWAP	LONG	466	10.096783
Ordinary NPV	SWAP	LONG	499	10.105338
Ordinary NPV	SWAP	LONG	543	10.096242
Ordinary NPV	SWAP	LONG	544	10.12635
Ordinary NPV	SWAP	LONG	1,055	10.094567
Ordinary NPV	SWAP	LONG	2,207	10.095088
Ordinary NPV	SWAP	LONG	3,249	10.096367
Ordinary NPV	SWAP	LONG	3,521	10.096354
Ordinary NPV	SWAP	LONG	6,174	10.094675
Ordinary NPV	SWAP	SHORT	1,009	10.12

 

 

 

(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:	09/05/2017
Contact name:	Daniel Banayo
Telephone number:	0207 545 7575

 

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.