Form 8 (DD) - BHP

Goldman Sachs & Co. LLC
01 May 2024
 

 

FORM 8 (DD)

 

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

GOLDMAN SACHS & CO. LLC

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.


(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

BHP GROUP LIMITED

(d) Status of person making the disclosure:

     e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)

Advisor to ANGLO AMERICAN PLC

(e) Date dealing undertaken:

30 April 2024

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

NO

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing

 

Class of relevant security:

 

Ordinary NPV and ADRs

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

3,474,696

0.06

3,629,764

0.07

(2) Cash-settled derivatives:

513,001

0.01

223,749

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

141,800

0.00

717,600

0.01

 

     TOTAL:

4,129,497

0.08

4,571,113

0.09

 

 

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:


Details, including nature of the rights concerned and relevant percentages:

 

 

 

3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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

 

(i)         Party to an offer or person acting in concert (except for a principal trader in the same group as a connected advisor)

 

Class of relevant security

Purchase/sale

 

Number of securities

Price per unit





 

(ii)        Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected advisor

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

Ordinary NPV

Sales

28,000

27.9825 USD

27.9825 USD

ADR / (1.00 : 2.00)

Purchases

38,957 (77,914)

56.3900 USD

55.1600 USD

ADR / (1.00 : 2.00)

Sales

44,515 (89,030)

56.4500 USD

55.1600 USD

 

 

(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

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Reducing a long position

45 (90)

55.1600 USD

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Reducing a short position

713 (1,426)

55.5238 USD

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Opening a long position

6,178 (12,356)

55.5850 USD

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Opening a long position

10,486 (20,972)

55.5850 USD

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Reducing a short position

130 (260)

56.0038 USD

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Reducing a short position

195 (390)

56.0038 USD

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Increasing a short position

2,789 (5,578)

56.1715 USD

ADR / (1.00 : 2.00)

CFD / (1.00 : 2.00)

Reducing a long position

48 (96)

56.1750 USD

ADR / (1.00 : 2.00)

SWAP / (1.00 : 2.00)

Increasing a short position

451 (902)

56.2284 USD

ADR / (1.00 : 2.00)

SWAP / (1.00 : 2.00)

Reducing a short position

486 (972)

56.2702 USD

Ordinary NPV

SWAP

Increasing a long position

1,910

27.9421 USD

Ordinary NPV

SWAP

Reducing a long position

51

27.9588 USD

 

 

(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)


 

 



 

4.         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 party to the offer or person acting in concert making the disclosure and any other person:

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 party to the offer or person acting in concert 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

 

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

YES

Supplemental Form 8 (SBL)

NO

 

 

Date of disclosure:

01 May 2024

Contact name:

Papa Lette and Andrzej Szyszka

Telephone number:

+33(1) 4212 1459 / +48(22) 317 4817

 

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 disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

 

SUPPLEMENTAL FORM 8(OPEN POSITIONS)

 

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENT TO 

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

     Full name of person making disclosure:

GOLDMAN SACHS & CO. LLC

     Name of offeror/offeree in relation to whose relevant securities disclosure relates:

BHP GROUP LIMITED

 

 

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

 

Class of relevant security

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Ordinary NPV

Call Option

Purchased

200

62.5000 USD

AMER

17/01/2025

Ordinary NPV

Call Option

Purchased

400

70.0000 USD

AMER

21/06/2024

Ordinary NPV

Call Option

Purchased

7,000

65.0000 USD

AMER

17/01/2025

Ordinary NPV

Call Option

Purchased

7,000

75.0000 USD

AMER

21/06/2024

Ordinary NPV

Call Option

Purchased

18,800

70.0000 USD

AMER

17/01/2025

Ordinary NPV

Call Option

Purchased

19,600

72.5000 USD

AMER

21/06/2024

Ordinary NPV

Call Option

Purchased

37,400

75.0000 USD

AMER

17/01/2025

Ordinary NPV

Call Option

Purchased

51,400

60.0000 USD

AMER

17/01/2025

Ordinary NPV

Put Option

Purchased

400

60.0000 USD

AMER

21/06/2024

Ordinary NPV

Put Option

Purchased

600

52.5000 USD

AMER

17/01/2025

Ordinary NPV

Put Option

Purchased

7,000

65.0000 USD

AMER

21/06/2024

Ordinary NPV

Put Option

Purchased

8,000

55.0000 USD

AMER

17/01/2025

Ordinary NPV

Put Option

Purchased

8,800

65.0000 USD

AMER

17/01/2025

Ordinary NPV

Put Option

Purchased

14,000

57.5000 USD

AMER

17/01/2025

Ordinary NPV

Put Option

Purchased

15,200

60.0000 USD

AMER

17/01/2025

Ordinary NPV

Put Option

Purchased

19,600

57.5000 USD

AMER

21/06/2024

Ordinary NPV

Put Option

Purchased

24,800

55.0000 USD

AMER

21/06/2024

Ordinary NPV

Put Option

Purchased

281,000

50.0000 USD

AMER

17/01/2025

Ordinary NPV

Put Option

Purchased

338,200

50.0000 USD

AMER

21/06/2024

 

 

3.         AGREEMENTS TO PURCHASE OR SELL

 

Full details should be given so that the nature of the interest or position can be fully understood:


 

It is not necessary to provide details on a Supplement form (Open Positions) with regard to cash-settled derivatives.

 

 The currency of all pieces and other monetary amounts should be stated.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's 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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