Form 8.5 (EPT/RI) - Network International Amend
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
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(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 |
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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: |
30 November 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 |
4,387,425
3,919,206 |
3.9240 GBP
3.9220 GBP |
3.9100 GBP
3.9096 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 |
102 39,616
1,865 750,000 500,000 8,248 8,909 4,472 63,761
13,000 1,703
3,263 1,000,000 16,185 125,000 4,787
198,158 370 5 5,654 6,918 2,094 5,801 10,000
108,710 97,591 1,105 768 5,203 10,556 3,307 1,760 |
3.9103 GBP 3.9106 GBP
3.9096 GBP 3.9120 GBP 3.9140 GBP 3.9148 GBP 3.9156 GBP 3.9161 GBP 3.9174 GBP
3.9154 GBP 3.9155 GBP
3.9101 GBP 3.9120 GBP 3.9144 GBP 3.9159 GBP 3.9170 GBP
3.9100 GBP 3.9139 GBP 3.9160 GBP 3.9164 GBP 3.9179 GBP 3.9180 GBP 3.9185 GBP 3.9208 GBP
3.9100 GBP 3.9102 GBP 3.9141 GBP 3.9160 GBP 3.9176 GBP 3.9190 GBP 3.9200 GBP 3.9201 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) |
|
|
|
|
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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
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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" |
|
None
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Date of disclosure: |
4 December 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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