Form 8.5 (EPT/RI)-Virgin Money UK plc

JPMorgan Securities Plc
14 March 2024
 

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

Virgin Money UK plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Joint financial adviser and joint corporate broker to Virgin Money UK plc

(d) Date dealing undertaken:

13 March 2024

(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

CDI

Purchase

 

Sale

265,390

 

-

4.0600 AUD

 

-

4.0600 AUD

 

-

 

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

3,234,454

 

1,257,227

2.1100 GBP

 

2.1100 GBP

 

 

2.0920 GBP

 

2.0918 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

CDI

 

Equity Swap

Opening a Long Position

Opening a Short Position

 

146,585

 

146,585

4.0600 AUD

 

4.0600 AUD

 

 

 

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

 

 

 

 

47,918

18,982

2

19,694

67,557

3,850

100,000

100,000

1,469

4

35,551

289

2,074

33,564

734

5,560

3,856

2,153

10,209

15,584

1,528

 

3,683

418

16,551

25,016

1,666

24,835

1,351

280

 

138,577

48

5,367

33,242

19,518

42

79

2,685

149,835

20,619

15,131

1,753

635

5,917

1

75,477

334,206

6

 

432

1,523,063

1,629

3,147

1,891

2.0920 GBP

2.0921 GBP

2.0922 GBP

2.0975 GBP

2.1018 GBP

2.1020 GBP

2.1022 GBP

2.1023 GBP

2.1040 GBP

2.1041 GBP

2.1045 GBP

2.1046 GBP

2.1050 GBP

2.1054 GBP

2.1060 GBP

2.1063 GBP

2.1068 GBP

2.1071 GBP

2.1072 GBP

2.1073 GBP

2.1080 GBP

 

2.0920 GBP

2.0995 GBP

2.0999 GBP

2.1033 GBP

2.1036 GBP

2.1046 GBP

2.1057 GBP

2.1064 GBP

 

2.0918 GBP

2.0919 GBP

2.0928 GBP

2.0933 GBP

2.1009 GBP

2.1031 GBP

2.1032 GBP

2.1041 GBP

2.1046 GBP

2.1047 GBP

2.1049 GBP

2.1050 GBP

2.1051 GBP

2.1053 GBP

2.1055 GBP

2.1057 GBP

2.1070 GBP

2.1073 GBP

 

2.0992 GBP

2.1022 GBP

2.1040 GBP

2.1052 GBP

2.1070 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:

14 March 2024

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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