REG - Barclays PLC Kosmos Energy Ltd - Form 8.5 (EPT/NON-RI) KOSMOS ENERGY LTD

Kosmos EnergyAnnouncement

18/12/2024 11:45

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RNS Number : 6110Q  Barclays PLC  18 December 2024

 FORM 8.5 (EPT/NON-RI)
 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
 EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
 (OR WHERE RI STATUS IS NOT APPLICABLE)
 Rule 8.5 of the Takeover Code (the "Code")
 1.                                                                                                                                                     KEY INFORMATION
 (a)                         Name of exempt principal trader:                                                                                                                    BARCLAYS CAPITAL SECURITIES LTD
 (b)                         Name of offeror/offeree in relation to whose                                                                                                        KOSMOS ENERGY LTD
                             relevant securities this form relates:
 (c)                         Name of the party to the offer with which exempt                                                                                                    TULLOW OIL PLC
                             principal trader is connected
 (d)                         Date position held/dealing undertaken:                                                                                                              17 Dec 2024
 (e)                         In addition to the company in 1(b) above, is the exempt principal                                                                                   YES:
                             trader making disclosures in respect of any other party to the offer?                                                                               TULLOW OIL PLC
 2.                                                                                                                                                     POSITIONS OF THE EXEMPT PRINCIPAL TRADER
 (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:                                                                                                                            Convertible Bond US500688AG18
                                                                                                                                                        Interests                                 Short Positions
                                                                                                                                                        Number                   (%)              Number                  (%)
 (1)                         Relevant securities owned
                             and/or controlled:                                                                                                         300,000                  0.06%            0                       0.00%
 (2)                         Cash-settled derivatives:
                             and/or controlled:                                                                                                         0                        0.00%            0                       0.00%
 (3)                         Stock-settled derivatives (including options)
                             and agreements to purchase/sell:                                                                                           0                        0.00%            0                       0.00%

                             TOTAL:                                                                                                                     300,000                  0.06%            0                       0.00%
 Class of relevant security:                                                                                                                            USD 0.01 ordinary
                                                                                                                                                        Interests                                 Short Positions
                                                                                                                                                        Number                   (%)              Number                  (%)
 (1)                         Relevant securities owned
                             and/or controlled:                                                                                                         5,482,837                1.16%            1,882,534               0.40%
 (2)                         Cash-settled derivatives:
                             and/or controlled:                                                                                                         6,695,620                1.42%            5,896,600               1.25%
 (3)                         Stock-settled derivatives (including options)
                             and agreements to purchase/sell:                                                                                           2,948,300                0.62%            2,948,300               0.62%

                             TOTAL:                                                                                                                     15,126,757               3.21%            10,727,434              2.27%
 (b)                         Rights to subscribe for new securities (including directors and other
                             executive
                             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 EXEMPT PRINCIPAL TRADER
 (a)                         Purchases and sales
 Class of relevant                                             Purchase/sale                                                                            Total number of                           Highest price per unit  Lowest price per unit
 security                                                                                                                                               securities                                paid/received           paid/received
 USD 0.01 ordinary                                             Purchase                                                                                 1,515,101                                 3.2474  USD             3.0000  USD
 USD 0.01 ordinary                                             Sale                                                                                     1,427,223                                 3.2494  USD             3.0050  USD

 (b)                         Cash-settled derivative transactions
 Class of                                                      Product                                                                                  Nature of dealing                         Number of               Price per
 relevant                                                      description                                                                                                                        reference               unit
 security                                                                                                                                                                                         securities

 (c)                         Stock-settled derivative transactions (including options)
 (i)                         Writing, selling, purchasing or varying
 Class                       Product                           Writing,                                   Number                                        Exercise                 Type             Expiry                  Option
 of                          description                       purchasing,                                of                                            price                                     date                    money
 relevant                                                      selling,                                   securities                                    per unit                                                          paid/
 security                                                      varying etc                                to which                                                                                                        received
                                                                                                          option                                                                                                          per unit
                                                                                                          relates

 (ii)                        Exercising
 Class of relevant                                             Product description                                                                      Exercising/ exercised against             Number of               Exercise price per
 security                                                                                                                                                                                         securities              unit

 (d)                         Other dealings (including subscribing for new securities)
 Class of relevant                                             Nature of Dealings                                                                       Details                                   Price per unit (if
 security                                                                                                                                                                                         applicable)

 4.                                                                                                                                                     OTHER INFORMATION
 (a)                         Indemnity and other dealings 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:
 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 of future acquisition or disposal of any relevant
 securities to which
 any derivative is referenced:
 NONE
 (c)                         Attachments
 Is a Supplemental Form 8 (Open Positions) attached?                                                                                                    YES
 Date of disclosure:                                                                                                                                    18 Dec 2024
 Contact name:                                                                                                                                          Large Holdings Regulatory Operations
 Telephone number:                                                                                                                                      020 3134 7213

 DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO
 PURCHASE OR SELL ETC.
 Note 5(i) on Rule 8 of the Takeover Code (the "Code")
 1.                                                                                                                                                     KEY INFORMATION
 Identity of the person whose positions/dealings                                                                                                        BARCLAYS CAPITAL SECURITIES LTD
 are being disclosed:
 Name of offeror/offeree in relation to whose                                                                                                           KOSMOS ENERGY LTD
 relevant securities this from relates:

 2.                                                                                                                                                     OPTIONS AND DERIVATIVES
 Class of relevant security  Product description               Writing, purchasing, selling, varying etc  Number of securities to which option relates  Exercise price per unit  Type             Expiry date
                             Put Options                       Purchased                                  -2,948,300                                    3.8900                   European
                             Call Options                      Purchased                                  2,948,300                                     3.8900                   European
                             Call Options                      Purchased                                  2,948,300                                     4.0845                   European
                             Call Options                      Written                                    -2,948,300                                    4.0845                   European
                             Call Options                      Written                                    -2,948,300                                    3.8900                   European
                             Put Options                       Written                                    2,948,300                                     3.8900                   European

 3.                                                                                                                                                     AGREEMENTS TO PURCHASE OR SELL ETC.
 Full details should be given so that the nature of the interest or position
 can be fully understood:

 

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