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J.P. Morgan Securities Plc, as an exempt principal trader and corporate broker to EnQuest plc, filed a Form 8.5 Public Dealing Disclosure on 6 May 2025, reporting dealings undertaken on 2 May 2025 in EnQuest plc 5p ordinary shares, and also disclosing in respect of Serica Energy plc. The firm purchased 203,151 EnQuest plc shares at prices from 0.1311 GBP to 0.1350 GBP and sold 466,556 shares at prices from 0.1310 GBP to 0.1354 GBP. Additionally, it engaged in cash-settled equity swap transactions involving 319,496 reference securities, with prices ranging from 0.1313 GBP to 0.1348 GBP.
| Date | 6 May 2025 |
| Time | 10:46:37 |
| Category | Holding(s) in company |
| ID | 5012H |
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
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(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
EnQuest plc |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
Corporate Broker to Enquest Plc |
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(d) Date dealing undertaken: |
2 May 2025 |
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(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 , Serica Energy plc |
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 |
|
5p ordinary |
Purchase
Sale |
203,151
466,556 |
0.1350 GBP
0.1354 GBP |
0.1311 GBP
0.1310 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 |
|
5p ordinary |
Equity Swap |
Decrease Long
Decrease Short
Increase Long
Increase Short
|
4,533
9,812 15,075 6,094 59,857 143,483 8,506 6,800 17,566
18,904
11,837 17,029 |
0.1336 GBP
0.1313 GBP 0.1314 GBP 0.1318 GBP 0.1323 GBP 0.1328 GBP 0.1336 GBP 0.1340 GBP 0.1348 GBP
0.1322 GBP
0.1314 GBP 0.1323 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 |
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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
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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 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
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Date of disclosure: |
6 May 2025 |
Contact name: |
Hetvi Shah |
Telephone number: |
44 2034 936359 |
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.