REG - JPMorgan Sec.Plc Elementis PLC - Form 8.5 (EPT/RI) - Elementis plc

ElementisAnnouncement

09/12/2020 10:15

RNS Number : 0699I
  
JPMorgan Securities Plc
  
09 December 2020
  
 

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


Elementis plc




(c) Name of the party to the offer with which exempt principal trader is connected:


Financial advisor to Elementis plc




(d) Date dealing undertaken:


8 December 2020




(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




Ordinary Share


Purchase
 
Sale


279,543 
 
 1,268,601


1.2690 GBP
 
1.2690 GBP


1.2101 GBP
 
1.2100 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




Ordinary Share


Equity Swap


Opening a long position
 
 
 
 
 
 
Opening a short position
 
 
 
Decrease Short
 
 
 
 
Increase Short
 
Decrease Long
 
Increase Long
 
 
 


18,513 
 11,517 
 968 
 2,990 
 23,662 
 13,470
 
1,475 
 7,964 
 10,687 
 27,332
 
258,180 
 2,603 
 420,741 
 250,000
 
8,180
 
10,398
 
5,622 
 11,000 
 5,313 
 613 
 33,203 
 10,542 
 3,962 
 8,894


1.2423 GBP
 1.2468 GBP
 1.2550 GBP
 1.2563 GBP
 1.2672 GBP
 1.2689 GBP
 
1.2120 GBP
 1.2294 GBP
 1.2338 GBP
 1.2690 GBP
 
1.2372 GBP
 1.2443 GBP
 1.2596 GBP
 1.2611 GBP
 
1.2290 GBP
 
1.2552  GBP
 
1.2287 GBP
 1.2387 GBP
 1.2408 GBP
 1.2460 GBP
 1.2474 GBP
 1.2521 GBP
 1.2599 GBP
 1.2600 GBP



 
(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:


9 December 2020




Contact name:


Alwyn Basch




Telephone number:


020 7742 7407



 
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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