REG - BkofA Merrill Lynch Rightmove Plc - 20240902_RIGHTMOVE PLC_8.5 EPT RI_MLI

RightmoveAnnouncement

03/09/2024 12:00

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RNS Number : 7326C  Bank of America Merrill Lynch  03 September 2024

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:                                        Merrill Lynch International
 (b)  Name of offeror/offeree in relation to whose                            RIGHTMOVE PLC

 relevant securities this form relates:
    Use a separate form for each offeror/offeree
 (c)  Name of the party to the offer with which exempt principal trader is    REA GROUP LTD
    connected:
 (d)  Date dealing undertaken:                                                02/09/2024
 (e)  In addition to the company in 1(b) above, is the                        YES

 exempt principal trader making disclosures in
If YES, specify which:

 respect of any other party to this offer?
(REA GROUP LTD)
    If it is a cash offer or possible cash offer, state "N/A"

Merrill Lynch International

 (b)  Name of offeror/offeree in relation to whose

relevant securities this form relates:
      Use a separate form for each offeror/offeree

RIGHTMOVE PLC

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

REA GROUP LTD

 (d)  Date dealing undertaken:

02/09/2024

 (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

If YES, specify which:

(REA GROUP LTD)

 

 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/  Total number of securities  Highest price   Lowest price

sales
per unit
per unit

paid/received
paid/received
 1p ordinary                 Purchase    2,152,854                   7.082 GBP       6.638 GBP
 1p ordinary                 Sale        2,542,706                   7.08 GBP        6.638 GBP

 

 (b)  Cash-settled derivative transactions

 Class of            Product description   Nature of dealing                            Number of reference securities  Price per unit

relevant security
e.g. CFD
e.g. opening/closing a

long/short position, increasing/reducing a

long/short position
 1p ordinary         Swaps - Equity Swaps  Closing a Long Position                      988                             7.081 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     26,144                          6.9 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Short Position                     338,184                         6.904 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a long position                      6,299                           7.08 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     794                             6.9 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     453                             7.081 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     38,704                          6.9 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Long Position                      196                             7.081 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     8,246                           6.9 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     46,404                          6.842 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     13,117                          6.842 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     28                              7.081 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     4,111                           6.95 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    35,777                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    36,768                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    9,277                           6.953 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    6,025                           6.965 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     181                             6.883 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Long Position                      579                             6.888 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    15                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    37                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    3                               6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Short Position                     112                             6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    18,655                          6.891 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    16,000                          6.772 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a long position                      11,670                          6.745 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a long position                      313                             7.05 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     71,953                          6.906 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a Short position                     8,469                           6.751 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    375                             6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    91                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    98,640                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    22,755                          6.953 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     19,500                          6.929 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    190                             6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    86                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    1                               6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    542                             6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    137                             6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    145                             6.891 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    9,097                           6.91 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a Short position                     42,680                          6.763 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Long Position                      1,169                           6.888 GBP
 1p ordinary         Swaps - Equity Swaps  Increasing a long position                   293                             7.078 GBP
 1p ordinary         Swaps - Equity Swaps  Increasing a short position                  170,524                         6.784 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    26,915                          7.08 GBP
 1p ordinary         Swaps - Equity Swaps  Increasing a short position                  100,000                         6.905 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    8,036                           6.772 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    13,552                          6.91 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    13,964                          6.694 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    91,247                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Short Position                     324                             7.05 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    252                             6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    37                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    6                               6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a long position                      23,336                          6.851 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    94,899                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     17,500                          6.929 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    10,085                          6.694 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    37,152                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     15,229                          7.082 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Short Position                     8,469                           6.767 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a long position                      37,876                          6.767 GBP
 1p ordinary         Swaps - Equity Swaps  Opening a Short position                     650,888                         5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    82                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    34                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    14                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Long Position                      23,336                          6.763 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    126,343                         5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    62,642                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Short Position                     67,420                          5.556 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a long position                     68,612                          6.906 GBP
 1p ordinary         Swaps - Equity Swaps  Closing a Long Position                      383                             6.751 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    18                              6.894 GBP
 1p ordinary         Swaps - Equity Swaps  Reducing a short position                    27,351                          6.91 GBP

 

 (c)  Stock-settled derivative transactions (including options)

 (i)  Writing, selling, purchasing or varying

 Class               Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number                               Exercise   Type                           Expiry date  Option money paid/ received per unit

of
of
price
e.g. American, European etc.

relevant security
securities to which option relates
per unit
 N/A                 N/A                                   N/A                                         N/A                                  N/A        N/A                            N/A          N/A

 

 (ii)  Exercise

 Class of relevant security  Product description  Exercising/  Number of    Exercise Price per

e.g. call option
exercised
securities
unit

against
 N/A                         N/A                  N/A          N/A          N/A

 

 (d)  Other dealings (including subscribing for new securities)

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

e.g. subscription, conversion
 N/A                         N/A                             N/A      N/A

 

 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:  03/09/2024
 Contact name:        Frank Lui
 Telephone number:    +44207 996 6418

 

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
(http://www.thetakeoverpanel.org.uk) .

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