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:	30/06/2017
(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"	Yes

 

 

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	95,250	11.11	11.04125
Ordinary NPV	Sales	156	11.12	11.07

 

 

(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	1	11.041104
Ordinary NPV	SWAP	SHORT	1	11.041104
Ordinary NPV	SWAP	SHORT	1	11.041104
Ordinary NPV	SWAP	SHORT	3	11.041104
Ordinary NPV	SWAP	SHORT	7	11.041104
Ordinary NPV	SWAP	SHORT	7	11.090357
Ordinary NPV	SWAP	SHORT	8	11.040877
Ordinary NPV	SWAP	SHORT	11	11.052797
Ordinary NPV	SWAP	SHORT	11	11.041104
Ordinary NPV	SWAP	SHORT	15	11.090357
Ordinary NPV	SWAP	SHORT	19	11.04723
Ordinary NPV	SWAP	SHORT	22	11.052797
Ordinary NPV	SWAP	SHORT	22	11.090357
Ordinary NPV	SWAP	SHORT	29	11.047814
Ordinary NPV	SWAP	SHORT	31	11.052797
Ordinary NPV	SWAP	SHORT	43	11.090357
Ordinary NPV	SWAP	SHORT	57	11.047935
Ordinary NPV	SWAP	SHORT	60	11.090357
Ordinary NPV	SWAP	SHORT	62	11.052797
Ordinary NPV	SWAP	SHORT	68	11.052797
Ordinary NPV	SWAP	SHORT	80	11.047918
Ordinary NPV	SWAP	SHORT	90	11.052797
Ordinary NPV	SWAP	SHORT	101	11.101132
Ordinary NPV	SWAP	SHORT	110	11.052797
Ordinary NPV	SWAP	SHORT	120	11.090357
Ordinary NPV	SWAP	SHORT	133	11.090357
Ordinary NPV	SWAP	SHORT	161	11.047874
Ordinary NPV	SWAP	SHORT	181	11.04799
Ordinary NPV	SWAP	SHORT	184	11.101846
Ordinary NPV	SWAP	SHORT	193	11.052797
Ordinary NPV	SWAP	SHORT	267	11.101877
Ordinary NPV	SWAP	SHORT	301	11.090357
Ordinary NPV	SWAP	SHORT	319	11.090357
Ordinary NPV	SWAP	SHORT	401	11.048001
Ordinary NPV	SWAP	SHORT	424	11.047994
Ordinary NPV	SWAP	SHORT	429	11.052797
Ordinary NPV	SWAP	SHORT	459	11.052797
Ordinary NPV	SWAP	SHORT	521	11.10186
Ordinary NPV	SWAP	SHORT	727	11.101824
Ordinary NPV	SWAP	SHORT	1,461	11.101815
Ordinary NPV	SWAP	SHORT	1,595	11.101808
Ordinary NPV	SWAP	SHORT	3,560	11.101806
Ordinary NPV	SWAP	SHORT	3,813	11.101804
Ordinary NPV	SWAP	SHORT	78,072	14.4172

 

 

 

(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:	03/07/2017
Contact name:	Ravi Patel
Telephone number:	0121 407 9004

 

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.