Form 8.5 (EPT/RI)-Network International Holdings
Source: RNS
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
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(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
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(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 |
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(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 |
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(d) Date dealing undertaken: |
6 June 2023 |
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(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 |
3,572,997
483,791 |
3.7500 GBP
3.7500 GBP |
3.6820 GBP
3.6818 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
|
463 34,268 1,254 676
17,935 30,168 87,640 9,968 1,218 661 675 57 6,068 1,402 1,763 79 682 3,000 1,802 3,070 5,032 1,466 3,287
46 59
2,870,291 36,196 2,693 1,409 402 36,986 4,862 5,000 10,000 2,500 1,500 7,500 587 5,444 1,730 3,584 1,340 2,235 577 10,000 1,500 5,000 5,000 |
3.6824 GBP 3.6833 GBP 3.7079 GBP 3.7281 GBP
3.6817 GBP 3.6818 GBP 3.6820 GBP 3.6970 GBP 3.7097 GBP 3.7116 GBP 3.7128 GBP 3.7178 GBP 3.7202 GBP 3.7234 GBP 3.7236 GBP 3.7240 GBP 3.7298 GBP 3.7300 GBP 3.7310 GBP 3.7311 GBP 3.7371 GBP 3.7385 GBP 3.7391 GBP
3.6937 GBP 3.7057 GBP
3.6820 GBP 3.6821 GBP 3.7064 GBP 3.7074 GBP 3.7080 GBP 3.7144 GBP 3.7158 GBP 3.7164 GBP 3.7184 GBP 3.7204 GBP 3.7224 GBP 3.7244 GBP 3.7264 GBP 3.7266 GBP 3.7280 GBP 3.7291 GBP 3.7309 GBP 3.7320 GBP 3.7341 GBP 3.7344 GBP 3.7384 GBP 3.7404 GBP 3.7444 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 |
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|
|
|
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|
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|
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(ii) Exercise
|
Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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|
|
|
|
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
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|
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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" |
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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" |
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None
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Date of disclosure: |
7 June 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.
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