Company Announcements

Form 38.5(b) - Willis Towers Watson plc

Source: RNS
RNS Number : 3075G
Goldman Sachs & Co. LLC
23 July 2021
 

 

FORM 38.5(b)

 

IRISH TAKEOVER PANEL

 

DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

 

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RECOGNISED INTERMEDIARY STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

 

1. KEY INFORMATION

 

Name of exempt principal trader

GOLDMAN SACHS & CO. LLC

Company dealt in

WILLIS TOWERS WATSON PLC

Class of relevant security to which the dealings being disclosed relate (Note1)

USD 0.000304635 ordinary shares

Date of dealing

22 July 2021

 

2. INTERESTS AND SHORT POSITIONS

 

(a) Interests and short positions (following dealing) in the class of relevant security dealt in  (Note 2)

 

 

Long

Short

 

Number

(%)

Number

(%)

(1) Relevant securities

2,477,559.542

(1.92)

1,971,792.542

(1.52)

(2) Derivatives (other than options)

698,931

(0.54)

2,977,260

(2.30)

(3) Options and agreements to purchase/sell

0

(0.00)

0

(0.00)

Total

3,176,490.542

(2.46)

4,949,052.542

(3.83)

 

(b) Interests and short positions in relevant securities of the company, other than the class dealt in  (Note 2)

 

Class of relevant security:

Long

Short

 

Number

(%)

Number

(%)

(1) Relevant securities

 

 

 

 

(2) Derivatives (other than options)

 

 

 

 

(3) Options and agreements to purchase/sell

 

 

 

 

Total

 

 

 

 

 

3.    DEALINGS (Note 3)

(a) Purchases and sales

 

Purchase/sale

Number of relevant securities

Price per unit  (Note 4)

Purchase

1

225.9300 USD

Purchase

1

225.9300 USD

Purchase

34

225.9800 USD

Purchase

34

225.9800 USD

Purchase

14

225.9800 USD

Purchase

18

225.9800 USD

Purchase

100

225.9800 USD

Purchase

1

226.0000 USD

Purchase

4

226.0000 USD

Purchase

7

226.0000 USD

Purchase

100

226.0000 USD

Purchase

31

226.0000 USD

Purchase

100

226.0000 USD

Purchase

100

226.0150 USD

Purchase

1

226.0400 USD

Purchase

1

226.0500 USD

Purchase

100

226.0500 USD

Purchase

100

226.0500 USD

Purchase

100

226.0500 USD

Purchase

100

226.0500 USD

Purchase

100

226.0650 USD

Purchase

100

226.0650 USD

Purchase

100

226.0700 USD

Purchase

100

226.1000 USD

Purchase

84

226.1000 USD

Purchase

100

226.1100 USD

Purchase

100

226.1150 USD

Purchase

100

226.1200 USD

Purchase

24

226.1200 USD

Purchase

20

226.1200 USD

Purchase

6

226.1200 USD

Purchase

20

226.1200 USD

Purchase

10

226.1200 USD

Purchase

20

226.1200 USD

Purchase

87

226.1300 USD

Purchase

34

226.1400 USD

Purchase

34

226.1400 USD

Purchase

32

226.1400 USD

Purchase

20

226.1500 USD

Purchase

69

226.1700 USD

Purchase

40

226.1700 USD

Purchase

20

226.1700 USD

Purchase

20

226.1700 USD

Purchase

1

226.1800 USD

Purchase

100

226.1800 USD

Purchase

200

226.2000 USD

Purchase

100

226.2100 USD

Purchase

100

226.2100 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

3

226.2500 USD

Purchase

34

226.2700 USD

Purchase

32

226.2700 USD

Purchase

34

226.2700 USD

Purchase

32

226.3300 USD

Purchase

93

226.3300 USD

Purchase

50

226.3300 USD

Purchase

2

226.3400 USD

Purchase

993

226.3400 USD

Purchase

2

226.3400 USD

Purchase

9

226.3700 USD

Purchase

91

226.3700 USD

Purchase

34

226.3800 USD

Purchase

7

226.3800 USD

Purchase

11

226.3800 USD

Purchase

93

226.3800 USD

Purchase

100

226.4300 USD

Purchase

100

226.4700 USD

Purchase

2

226.6200 USD

Purchase

16

226.6200 USD

Purchase

82

226.6200 USD

Purchase

100

226.6600 USD

Purchase

100

226.6950 USD

Purchase

2

226.7000 USD

Purchase

1

226.8150 USD

Purchase

100

226.8800 USD

Purchase

100

226.8800 USD

Purchase

41

226.9100 USD

Purchase

91

226.9200 USD

Purchase

9

226.9200 USD

Purchase

100

226.9200 USD

Purchase

15

227.0600 USD

Purchase

69

227.0600 USD

Purchase

31

227.0600 USD

Purchase

93

227.0600 USD

Purchase

92

227.0600 USD

Sale

100

225.9550 USD

Sale

74

226.3200 USD

Sale

100

226.3300 USD

Sale

2,285

226.3400 USD

Sale

28

226.3400 USD

Sale

4

226.3400 USD

Sale

58,295

226.3400 USD

Sale

170

226.3400 USD

Sale

8

226.3400 USD

Sale

41

226.3400 USD

Sale (Loan Adjust)

45

N/A

Sale (Loan Adjust)

50

N/A

Purchase (Loan Partial Return)

72

N/A

Purchase (Loan Partial Return)

17

N/A

Purchase (Loan Partial Return)

50

N/A

Purchase (Loan Partial Return)

28

N/A

 

(b) Derivatives transactions (other than options transactions)

 

Product name, e.g. CFD

Nature of transaction  (Note 5)

Number of relevant securities  (Note 6)

Price per unit  (Note 4)

SWAP

Opening a long position

58,295

226.3400 USD

 

(c) Options transactions in respect of existing relevant securities

 

(i) Writing, selling, purchasing or varying

 

Product name,e.g. call option

Writing, selling,  purchasing, varying etc.

Number of securities to which the option relates  (Note 7)

Exercise price

Type, e.g. American, European etc.

Expiry date

Option money paid/received per unit  (Note 4)

 

 

 

 

 

 

 

 

(ii)            Exercising

 

Product name,e.g. call option

Number of securities

Exercise price per unit  (Note 4)

 

 

 

 

(d)            Other dealings (including transactions in respect of new securities)  (Note 3)

 

Nature of transaction  (Note 7)

Details

Price per unit (if applicable)  (Note 4)

 

 

 

 

4. OTHER INFORMATION

 

Agreements, arrangements or understandings relating to options or derivatives

 

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.  If none, this should be stated. 

NONE

 

Is a Supplemental Form 8 attached? (Note 9)        YES

 

Date of disclosure

23 July 2021

Contact name

Paul Grainger and Kashif Rafiq

Telephone number

+44(20) 7552 9835 / +44(20) 7051 0547

Name of offeree/offeror with which connected

WILLIS TOWERS WATSON PLC

Nature of connection (Note 9)

Advisor to Offeree

 

SUPPLEMENTAL FORM 38.5(b)

 

IRISH TAKEOVER PANEL

 

DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

 

DETAILS OF OPEN POSITIONS

 

OPEN POSITIONS (Note 1)

 

Product name,e.g. call option

Written or purchased

Number of relevant securities to which the option or derivative relates

Exercise price (Note 2)

Type, e.g. American, European etc.

Expiry date

Swap

Sold

185

0.0000

N/A

23/09/2021

Swap

Sold

562

0.0000

N/A

27/09/2021

Swap

Sold

38,107

0.0000

N/A

16/05/2022

Swap

Purchased

58,295

0.0000

N/A

24/08/2022

Swap

Sold

58,295

0.0000

N/A

18/07/2022

Swap

Sold

84,311

0.0000

N/A

16/05/2022

Swap

Sold

140,000

0.0000

N/A

25/03/2022

Swap

Sold

140,000

0.0000

N/A

24/03/2022

Swap

Purchased

597,000

0.0000

N/A

04/01/2023

Swap

Sold

597,000

0.0000

N/A

04/01/2023

 

Notes

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell must also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For full details of disclosure requirements, see Rules 8 and 38.5 of the Rules. If in doubt, consult the Panel.

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