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Barclays Capital Securities Ltd, an exempt principal trader, filed a Form 8.5 public disclosure regarding its positions and dealings in Volex PLC 25p ordinary shares, and for TT Electronics PLC, effective 11 December 2024. As of that date, the firm held a total interest of 718,484 Volex PLC shares (0.40%) and total short positions of 784,726 shares (0.43%). On December 11, Barclays Capital Securities Ltd purchased 34,229 Volex PLC shares between £2.7799 and £2.8650, sold 44,923 shares between £2.8201 and £2.8650, and executed various cash-settled derivative transactions.
| Date | 12 Dec 2024 |
| Time | 11:06:59 |
| Category | Holding(s) in company |
| ID | 8900P |
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FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
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BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
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VOLEX PLC |
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relevant securities this form relates: |
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(c) |
Name of the party to the offer with which exempt |
VOLEX PLC |
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principal trader is connected |
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(d) |
Date position held/dealing undertaken: |
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11 Dec 2024 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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trader making disclosures in respect of any other party to the offer? |
TT ELECTRONICS PLC |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
25p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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394,130 |
0.22% |
421,711 |
0.23% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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324,354 |
0.18% |
363,015 |
0.20% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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718,484 |
0.40% |
784,726 |
0.43% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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security |
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securities |
paid/received |
paid/received |
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25p ordinary |
Purchase |
34,229 |
2.8650 GBP |
2.7799 GBP |
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25p ordinary |
Sale |
44,923 |
2.8650 GBP |
2.8201 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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securities |
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25p ordinary |
SWAP |
Decreasing Short |
496 |
2.8350 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
557 |
2.8390 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
5,360 |
2.8448 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
1,680 |
2.8463 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
1,220 |
2.8470 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
399 |
2.8474 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
916 |
2.8483 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
4,324 |
2.8542 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
112 |
2.8648 GBP |
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25p ordinary |
SWAP |
Decreasing Short |
1,578 |
2.8650 GBP |
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25p ordinary |
SWAP |
Increasing Short |
2 |
2.8400 GBP |
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25p ordinary |
SWAP |
Increasing Short |
1,809 |
2.8467 GBP |
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25p ordinary |
SWAP |
Increasing Short |
5 |
2.8470 GBP |
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25p ordinary |
SWAP |
Increasing Short |
4,962 |
2.8627 GBP |
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25p ordinary |
SWAP |
Increasing Short |
2,205 |
2.8650 GBP |
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25p ordinary |
CFD |
Increasing Long |
3,043 |
2.8533 GBP |
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25p ordinary |
CFD |
Decreasing Long |
8 |
2.8500 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
12 Dec 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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