Form 8.5 (EPT/RI)-Network International Amend
Source: RNS
AMENDMENT
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: |
J.P. Morgan Securities Plc |
|
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Network International Holdings plc |
|
(c) Name of the party to the offer with which exempt principal trader is connected: |
Financial advisor and corporate broker to Network International Holdings PLC |
|
(d) Date dealing undertaken: |
24 May 2023 |
|
(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" |
N/A |
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 |
|
10p ordinary |
Purchase
Sale |
820,147
894,683 |
3.6900 GBP
3.6920 GBP |
3.6098 GBP
3.6000 GBP |
(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 |
|
10p ordinary |
Equity Swap |
Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position |
8,068 3,842 687 128 9,903
50,000 50,000 1,500 3,650 233 6,536 1,953 544 24 1,419 191 7 34,872 14,597 13,998 50,000
124 623 7,679 33,958 38,557 7,716 7,377
17,827 10,034 1 60,294 125,000 6
47 2,527 1,842 15,231 1,419 985 2,405 4,926 13,978 2,966 2,480 2,805
432 29,684 21,495 1,016 |
3.6403 GBP 3.6517 GBP 3.6584 GBP 3.6624 GBP 3.6681 GBP
3.6274 GBP 3.6282 GBP 3.6300 GBP 3.6496 GBP 3.6542 GBP 3.6543 GBP 3.6596 GBP 3.6597 GBP 3.6598 GBP 3.6599 GBP 3.6616 GBP 3.6669 GBP 3.6684 GBP 3.6745 GBP 3.6765 GBP 3.6862 GBP
3.6495 GBP 3.6518 GBP 3.6577 GBP 3.6590 GBP 3.6600 GBP 3.6689 GBP 3.6708 GBP
3.6344 GBP 3.6624 GBP 3.6681 GBP 3.6700 GBP 3.6718 GBP 3.6753 GBP
3.5860 GBP 3.6230 GBP 3.6413 GBP 3.6428 GBP 3.6465 GBP 3.6499 GBP 3.6513 GBP 3.6557 GBP 3.6615 GBP 3.6628 GBP 3.6647 GBP 3.6790 GBP
3.6300 GBP 3.6600 GBP 3.6602 GBP 3.6652 GBP |
(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: |
26 May 2023 |
Contact name: |
Natasha Mondon |
Telephone number: |
01202 325175 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
