Form 8.5 (EPT/RI)-Serica Energy plc
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 |
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Serica Energy plc |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
Corporate Broker to Enquest Plc |
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(d) Date dealing undertaken: |
3 April 2025 |
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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" |
Yes , EnQuest plc |
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
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Class of relevant security |
Purchases/ sales
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Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
|
USD 0.10 ordinary |
Purchase
Sale |
447,780
227,543 |
1.5200 GBP
1.5140 GBP |
1.3300 GBP
1.3280 GBP |
(b) Cash-settled derivative transactions
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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 |
|
USD 0.10 ordinary |
Equity Swap |
Decrease Long
Decrease Short
Increase Long
Increase Short
|
14,329 266 59,287 1,507 9,079 7,495 38,473 42,612 38,254 8,862 1,286 28,404
56 156 32 88 42 4 1,268
1,379 3,628 27,672 2,780 2,132 1,909 26,697 1,716 13,000 172
1,481 39,156 2,469 1,979 6,029 2,000 |
1.3420 GBP 1.3790 GBP 1.3837 GBP 1.3910 GBP 1.3938 GBP 1.4012 GBP 1.4323 GBP 1.4365 GBP 1.4495 GBP 1.4638 GBP 1.4682 GBP 1.4801 GBP
1.4100 GBP 1.4120 GBP 1.4160 GBP 1.4640 GBP 1.4720 GBP 1.5000 GBP 1.5140 GBP
1.3419 GBP 1.3426 GBP 1.3531 GBP 1.3638 GBP 1.3916 GBP 1.3986 GBP 1.4006 GBP 1.4600 GBP 1.4668 GBP 1.4779 GBP
1.3320 GBP 1.3745 GBP 1.3787 GBP 1.4320 GBP 1.4501 GBP 1.5060 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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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 |
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
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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
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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" |
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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" |
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None
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Date of disclosure: |
4 April 2025 |
Contact name: |
Hetvi Shah |
Telephone number: |
44 2034 936359 |
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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