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

JPMorgan Securities Plc
18 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:

15 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

9,609,688

 

3,828,192

2.1110 GBP

 

2.1120 GBP

2.0940 GBP

 

2.0940 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

 

 

 

 

 

 

1,103

604,436

1,702,196

15,466

4,957

100,004

110,673

137,414

26,525

61,832

187

6,056

2

62,620

21,915

2,849

7,550

992

 

562

1,408

42

97

 

45,469

61,236

6,222

677,782

2

5,877

51,884

210,776

130,926

475

15,717

3,688

1,146

713

1

 

33,835

368,779

4,151

 

 

 

2.0996 GBP

2.1000 GBP

2.1002 GBP

2.1005 GBP

2.1012 GBP

2.1022 GBP

2.1023 GBP

2.1024 GBP

2.1025 GBP

2.1028 GBP

2.1031 GBP

2.1041 GBP

2.1045 GBP

2.1060 GBP

2.1062 GBP

2.1076 GBP

2.1085 GBP

2.1086 GBP

 

2.0999 GBP

2.1038 GBP

2.1072 GBP

2.1073 GBP

 

2.0940 GBP

2.0976 GBP

2.0979 GBP

2.1000 GBP

2.1008 GBP

2.1010 GBP

2.1020 GBP

2.1040 GBP

2.1042 GBP

2.1044 GBP

2.1048 GBP

2.1050 GBP

2.1062 GBP

2.1080 GBP

2.1110 GBP

 

2.0961 GBP

2.0985 GBP

2.1064 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

 

4,199

8,047

 

 

4,199

4.0396 AUD

4.0406 AUD

 

 

4.0400 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:

18 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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