REG - JP Morgan Sec LLC Catlin Group Limited - Dealing Disclosure - XL Group Plc <Origin Href="QuoteRef">CGL.L</Origin>

CastelnauAnnouncement

27/01/2015 23:49

RNS Number : 5427B
J.P. Morgan Securities LLC
07 January 2015
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
1. KEY INFORMATION
(a) Full name of discloser:
J.P. Morgan Securities LLC
(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) Status of person making the disclosure:
 e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)
Connected to Catlin Group Ltd
(e) Date dealing undertaken:
06 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
Class of relevant security:
Common Stock
Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
442,869
0.17
304,539
0.12
(2) Cash-settled derivatives:


30,000
0.01
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:




 TOTAL:
442,869
0.17
334,539
0.13
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).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(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 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
(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)
Class of relevant security
Purchase/sale
Number of securities
Price per unit




(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser
Class of relevant security
Purchases/ sales
Total number of securities
Highest price per unit paid/received
(USD)
Lowest price per unit paid/received
(USD)
Common Stock
Purchases
Sales
7,100
16,876
34.8065
34.9550
34.7938
34.6100
(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 party to the offer or person acting in concert making the disclosure and any other person:
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 party to the offer or person acting in concert 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
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions)
No
Supplemental Form 8 (SBL)
No
Date of disclosure:
07 January 2015
Contact name:
Tung T Le
Telephone number:
020 7742 7272
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 City Code can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk.
Appendix - Details of previously undisclosed trades for the period 17/12/2014 to 05/01/2015
Common Stocktrades:
Trade date
Purchases/Sales
Number of reference securities
Price per Unit (USD)
17/12/2014
Purchases
50,000
33.1400


361
33.4128


100
33.4500


600
33.4767


932
33.5200


2,165
33.6600

Sales
900
33.0000


2,246
33.0314


800
33.0413


1,200
33.0417


3,355
33.0437


1,800
33.0450


2,299
33.0491


3,100
33.0527


900
33.0633


7,000
33.0750


700
33.0786


600
33.0850


100
33.0950


25,000
33.1400


361
33.4128


200
33.4150


261
33.4400


100
33.4500


200
33.4600


200
33.4650


100
33.4700


600
33.4767


932
33.5200


932
33.5500


100
33.6500


2,922
33.6600
18/12/2014
Purchases
59,600
33.1453


5,526
33.1600


7,047
33.6600

Sales
200
33.0300


2,200
33.0500


300
33.0750


300
33.0800


300
33.1000


400
33.1100


100
33.1125


600
33.1200


396
33.1248


100
33.1250


4,382
33.1300


1,412
33.1313


718
33.1314


6,778
33.1340


5,200
33.1342


700
33.1350


1,000
33.1360


2,011
33.1400


300
33.1450


59,600
33.1453


2,600
33.1473


1,100
33.1482


900
33.1489


2,900
33.1500


600
33.1550


10,803
33.1591


8,768
33.1600


600
33.1633


1,200
33.1650


774
33.1691


2,400
33.1700


3,600
33.1800


300
33.1900


600
33.2100


700
33.2250


700
33.2300


400
33.2400


400
33.2700


7,047
33.6600
19/12/2014
Purchases
4
33.4300


4,238
33.4700


5
33.5200


12,000
33.5400


4,532
33.5430


29,200
33.5642

Sales
100
33.3400


200
33.3600


104
33.4300


200
33.4350


4
33.4600


1,000
33.4770


459
33.4900


400
33.4925


1,000
33.5000


3,400
33.5065


600
33.5100


5
33.5200


1,700
33.5271


141
33.5300


2,200
33.5382


19,353
33.5400


940
33.5500


300
33.5600


29,200
33.5642


400
33.5700


500
33.5800


600
33.5867


1,160
33.5879


400
33.5900


200
33.5950


900
33.5956


1,800
33.6000


200
33.6050


45
33.6100


3,300
33.6139


500
33.6140


1,200
33.6200


500
33.6220


1,100
33.6300


1,600
33.6400


1,000
33.6800
22/12/2014
Purchases
2,138
33.5400


4
33.6300


3,100
33.9415


2,387
33.9900

Sales
2,138
33.5400


100
33.8100


300
33.9067


500
33.9380


3,100
33.9415


1,600
33.9469


300
33.9700


300
33.9867


5,994
33.9900
23/12/2014
Purchases
8,757
34.3700


1,200
34.3724

Sales
100
34.0800


255
34.0900


600
34.3333


2,850
34.3700


1,200
34.3724


100
34.3800


300
34.4100


200
34.4400
24/12/2014
Purchases
39
34.3000


700
34.3726


2
34.4100


1,411
34.4800

Sales
172,244
34.2600


100
34.2700


208
34.2900


100
34.3300


100
34.3400


100
34.3600


700
34.3726


100
34.4000


100
34.4500


100
34.4700


1,411
34.4800
26/12/2014
Purchases
11,393
34.2400
29/12/2014
Purchases
5,282
34.5000


400
34.5500

Sales
1,730
34.5000


100
34.5100


200
34.5600


100
34.5700
30/12/2014
Purchases
7,241
34.7500

Sales
7,241
34.7500
31/12/2014
Purchases
1,261
34.3700

Sales
1,442
34.3700
02/01/2015
Purchases
7,800
34.3895


6,356
34.4500

Sales
100
34.1300


300
34.1967


300
34.2033


300
34.2233


500
34.2380


500
34.3100


900
34.3333


100
34.3400


300
34.3467


100
34.3600


1,000
34.3700


100
34.4000


600
34.4067


300
34.4200


500
34.4280


4,700
34.4500


300
34.4533


100
34.5000


200
34.5075


100
34.5100


200
34.5200


200
34.5300


200
34.5350


400
34.5500




05/01/2015
Purchases
Sales
1,560 
2,400 
1,560 
400 
1,160 
100 
400 
900 
2,400 
200 
400 
200 
112 
200
34.1774 
34.4891 
34.1774 
34.2000 
34.2100 
34.3900 
34.4325 
34.4433 
34.4891 
34.4950 
34.5400 
34.5800 
34.6600 
34.6800
Equity Swap trades:
Class of relevant security
Product description
Date
Nature of dealing
Number of reference securities
Price per unit
(USD)
Common stock
Equity Swap
Equity Swap
23/12/2014
24/12/2014
Reducing a short position
Reducing a short position
30,000
168,692
34.7000
34.2600

This information is provided by RNS
The company news service from the London Stock Exchange
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