REG - JPMorgan Asset Mngt Catlin Group Limited - Dealing Disclosure-XL Group Plc-Amendment <Origin Href="QuoteRef">CGL.L</Origin>

CastelnauAnnouncement

28/01/2015 24:30

RNS Number : 9343B
JPMorgan Asset Management
12 January 2015
Amendment
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY 
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
1. KEY INFORMATION
(a) Full name of discloser:
JPMorgan Asset Management
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
 The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
 Use a separate form for each offeror/offeree
XL Group Plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
Yes
Catlin Group Ltd
(e) Date position held/dealing undertaken:
 For an opening position disclosure, state the latest practicable date prior to the disclosure
08 January 2015
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
 If it is a cash offer or possible cash offer, state "N/A"
Yes
Catlin Group Ltd
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
Ordinary Share
Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
9,484,452
3.68


(2) Cash-settled derivatives:


210,781
0.08
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:




 TOTAL:
9,484,452
3.68
210,781
0.08
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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
Purchase/sale
Number of securities
Price per unit




(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





(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)



4. 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 person 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"
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person 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"
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached?
No
Date of disclosure:
12 January 2015
Contact name:
Mariya Racheva
Telephone number:
020 7742 3558
Catlin is a Bermudian entity and is therefore not subject to the City Code. Shareholders of Catlin and others dealing are therefore not obliged to disclose any of their dealings under the provisions of the City Code. However, market participants are requested to make disclosures as if the City Code applied and as if Catlin were in an "offer period". 
Accordingly, public disclosures consistent with the provisions of Rule 8 of the City Code should be released directly through a Regulatory Information Service and should not be emailed to the Takeover Panel. 
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Appendix - Details of previously undisclosed trades for the period 17/12/2014 to 07/01/2015
Equity trades:
Trade Date
Purchase/sale
Number of securities
Price per unit (USD)
17/12/2014
18/12/2014
19/12/2014
22/12/2014
23/12/2014
24/12/2014
26 December 2014
29 December 2014
30 December 2014
31 December 2014
02 January 2015
05 January 2015
06 January 2015
07 January 2015
08 January 2015
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
SALE
PURCHASE
SALE
PURCHASE
SALE
SALE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
PURCHASE
SALE
313,060
25
48,600
3,110
400
4
2,180
2,440
4,600
21,500
19
117
13
100
60
14,055
1,640
95,500
98,615
129
1,700
133,640
3,663
2,894
510
13
5
82
496
18
90
9
292
30
50
111,740
200
2
4
37
30
15,612
5
24
3
36
5
4
14
2
17
26
2
8
4,400
1,740
10
6,700
5,202
5
7
494
2
3
2
45
3,830
17
4
9
2
4,558
17,915
3,900
12
3
7
477
4
2
14
9
400
9
2
640
8
24
3
110
2
10
14
9
33,400
3,220
62,300
22,942
14
3
15
10
20
7 
49 
8
95,256
10,400
7
1
2,300
4
4
2
10
65
6
33.5166
33.5870
33.6101
33.6600
33.4325
33.1580
33.1600
33.3470
33.4484
33.5207
33.9490
34.3970
34.4600
33.1150
33.1600
33.4586
33.4591
33.4759
33.5300
33.5390
33.5400
33.5963
33.5410
33.5580
33.9696
34.3500
34.3680
34.3700
34.4230
34.4660
34.6870
34.7460
33.9900
34.0000
34.0300
34.0807
34.2650
34.4350
34.4380
34.5900
34.7570
34.3700
34.6180
34.9300
33.1470
33.1490
33.1500
34.2600
33.8690
33.9400
33.9410
33.9420
33.9900
33.9910
34.3074
34.3450
34.3890
34.5645
34.5722
34.3600
34.3700
34.3710
34.3900
34.4070
34.4100
34.5000
34.7185
34.3740
34.3750
34.4820
34.4850
34.7500
34.3700
34.3903
34.4890
34.5170
34.5390
34.4500
34.5500
34.5700
34.6110
34.7500
34.6600
34.3990
34.4300
34.4916
34.5890
34.6100
34.6130
34.6600
34.6650
34.6800
34.6810
34.6820
34.8785
34.8957
34.9010
34.9505
34.7090
34.7300
34.7330
34.8700
34.8730
34.7260 
34.7270 
34.7280
34.7804
34.8337
34.7590
34.7600
34.8009
34.8300
35.4700
35.4550
35.4580 
35.4590
35.4620
CFD trades:
Trade Date
Purchase/sale
Number of securities
Price per unit (USD)
18/12/2014
19/12/2014
22/12/2014
23/12/2014
24/12/2014
29/12/2014
30/12/2014
31/12/2014
02/01/2015
05/01/2015
Opening a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Reducing a short position 
Increasing a short position
Increasing a short position
Increasing a short position
311
539
130,157
7,977
28,359
6,344
13
1,700
4,246
6,538
55,383
55,383
200
46
3
12,997
11,351
33.1351
33.1352
33.1371
33.5277
33.9098
34.3333
34.3292
34.3296
34.5615
34.6973
34.3700
34.3700
34.6350
34.6450
34.3500
34.3508
34.4604

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