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.
(d) Date dealing undertaken:	14/06/2017
(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 GBP	Lowest price per unit paid/received GBP
Ordinary NPV	Purchase	23,807	11.0545	10.96
Ordinary NPV	Sales	2,475	11.08	11.012202

 

 

(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	SHORT	4	11.0011
Ordinary NPV	SWAP	SHORT	7	11.0011
Ordinary NPV	SWAP	SHORT	7	11.0011
Ordinary NPV	SWAP	SHORT	8	11.0011
Ordinary NPV	SWAP	SHORT	27	11.010225
Ordinary NPV	SWAP	SHORT	43	11.004895
Ordinary NPV	SWAP	SHORT	45	11.0011
Ordinary NPV	SWAP	SHORT	46	11.009999
Ordinary NPV	SWAP	SHORT	48	11.010195
Ordinary NPV	SWAP	SHORT	48	11.0011
Ordinary NPV	SWAP	SHORT	51	11.010086
Ordinary NPV	SWAP	SHORT	54	10.988491
Ordinary NPV	SWAP	SHORT	75	11.004896
Ordinary NPV	SWAP	SHORT	78	11.004895
Ordinary NPV	SWAP	SHORT	87	11.004894
Ordinary NPV	SWAP	SHORT	95	10.988781
Ordinary NPV	SWAP	SHORT	99	10.988559
Ordinary NPV	SWAP	SHORT	106	10.988589
Ordinary NPV	SWAP	SHORT	137	10.993134
Ordinary NPV	SWAP	SHORT	199	10.994716
Ordinary NPV	SWAP	SHORT	236	10.993158
Ordinary NPV	SWAP	SHORT	247	10.993113
Ordinary NPV	SWAP	SHORT	265	10.993154
Ordinary NPV	SWAP	SHORT	341	10.994548
Ordinary NPV	SWAP	SHORT	357	10.994595
Ordinary NPV	SWAP	SHORT	378	10.994422
Ordinary NPV	SWAP	SHORT	383	11.013
Ordinary NPV	SWAP	SHORT	414	11.013021
Ordinary NPV	SWAP	SHORT	592	11.004975
Ordinary NPV	SWAP	SHORT	639	11.004977
Ordinary NPV	SWAP	SHORT	773	10.997325
Ordinary NPV	SWAP	SHORT	830	10.997233
Ordinary NPV	SWAP	SHORT	1,769	10.966218
Ordinary NPV	SWAP	SHORT	1,916	10.99759
Ordinary NPV	SWAP	SHORT	2,067	10.997606
Ordinary NPV	SWAP	SHORT	3,121	10.996074
Ordinary NPV	SWAP	SHORT	3,356	10.996075

 

 

 

(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:	15/06/2017
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.