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

JPMorgan Securities Plc
15 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:

14 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

10p ordinary

Purchase

 

Sale

2,916,687

 

1,784,537

2.1051 GBP

 

2.1050 GBP

2.0921 GBP

 

2.0937 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

 

 

 

 

 

 

 

4,254

188,536

1

167

4,279

432

635

185,939

19,269

35,051

862

128,173

3

11,624

65,799

 

5,493

12,252

17,696

2,833

640

522

 

11,663

11,900

514

18,712

22

1,562

23

55,953

7,240

5,992

101,533

41,796

36,459

1,242

6

65,799

 

100,000

50,000

67

464,532

103,132

14,407

7,082

67,690

2.0951 GBP

2.0977 GBP

2.0980 GBP

2.0989 GBP

2.1002 GBP

2.1005 GBP

2.1006 GBP

2.1010 GBP

2.1011 GBP

2.1012 GBP

2.1020 GBP

2.1021 GBP

2.1029 GBP

2.1031 GBP

2.1070 GBP

 

2.0927 GBP

2.0998 GBP

2.1005 GBP

2.1011 GBP

2.1021 GBP

2.1025 GBP

 

2.0978 GBP

2.0985 GBP

2.0989 GBP

2.0993 GBP

2.0995 GBP

2.0997 GBP

2.0998 GBP

2.0999 GBP

2.1002 GBP

2.1004 GBP

2.1005 GBP

2.1008 GBP

2.1010 GBP

2.1013 GBP

2.1019 GBP

2.1070 GBP

 

2.0921 GBP

2.0990 GBP

2.0991 GBP

2.0995 GBP

2.1010 GBP

2.1013 GBP

2.1025 GBP

2.1051 GBP

 

 

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

 

6,335

2,717

 

 

6,335

2,717

2.6759 AUD

4.0470 AUD

 

 

4.0466 AUD

4.0476 AUD

 

 

(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:

15 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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