⌘K
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J.P. Morgan Securities Plc, an exempt principal trader and financial adviser to FirstGroup plc, disclosed dealings in FirstGroup plc's 5p ordinary shares undertaken on 11 August 2022. The firm purchased 297,149 shares at prices between 1.2950 GBP and 1.3390 GBP and sold 321,664 shares at prices between 1.2949 GBP and 1.3490 GBP. Additionally, J.P. Morgan Securities Plc engaged in multiple cash-settled equity swap transactions involving FirstGroup plc shares, with various positions being opened, increased, or decreased at prices between 1.2949 GBP and 1.3390 GBP.
| Date | 12 Aug 2022 |
| Time | 10:28:58 |
| Category | Holding(s) in company |
| ID | 8700V |
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 |
FirstGroup plc |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
Financial Adviser and Corporate Broker to FirstGroup plc |
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(d) Date dealing undertaken: |
11 August 2022 |
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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" |
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 |
|
5p ordinary |
Purchase
Sale |
297,149
321,664 |
1.3390 GBP
1.3490 GBP |
1.2950 GBP
1.2949 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
Opening a Long Position
Opening a Short Position
|
6,078
3,000 13,000 14,000 28,957
89 24
715 1,864 20,289
9,725 176,310 6,027 1,028
168,171 9,581 7,307 2,268 761 4,950 52 |
1.3223 GBP
1.2986 GBP 1.3069 GBP 1.3077 GBP 1.3110 GBP
1.2959 GBP 1.3067 GBP
1.2984 GBP 1.3107 GBP 1.3122 GBP
1.2949 GBP 1.2950 GBP 1.3204 GBP 1.3342 GBP
1.2950 GBP 1.3119 GBP 1.3138 GBP 1.3193 GBP 1.3215 GBP 1.3261 GBP 1.3390 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
|
Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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|
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(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) |
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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
|
Date of disclosure: |
12 August 2022 |
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.