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J.P. Morgan Securities Plc, acting as an exempt principal trader and financial adviser/corporate broker to FirstGroup plc, disclosed dealings in FirstGroup plc's 5p ordinary shares on 15 August 2022. The firm purchased 1,385,709 shares at prices ranging from 1.2545 GBP to 1.2890 GBP and sold 544,002 shares at prices from 1.2540 GBP to 1.2890 GBP. Additionally, J.P. Morgan undertook various cash-settled equity swap transactions involving over one million FirstGroup plc ordinary reference securities, with prices ranging from 1.2658 GBP to 1.2941 GBP.
| Date | 16 Aug 2022 |
| Time | 11:20:11 |
| Category | Holding(s) in company |
| ID | 1926W |
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: |
15 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 |
1,385,709
544,002 |
1.2890 GBP
1.2890 GBP |
1.2545 GBP
1.2540 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
|
2,642 12 834,000 2,623
20,415 18,913 19,519 3,000
2
24,659 9
1 7,220 1,718 654 1,467 1,467 9,794 2,747 8,752
1,470 1,487 377 9 22,151 37,336 |
1.2675 GBP 1.2720 GBP 1.2860 GBP 1.2941 GBP
1.2737 GBP 1.2748 GBP 1.2759 GBP 1.2776 GBP
1.2710 GBP
1.2795 GBP 1.2890 GBP
1.2710 GBP 1.2718 GBP 1.2783 GBP 1.2789 GBP 1.2800 GBP 1.2805 GBP 1.2831 GBP 1.2850 GBP 1.2889 GBP
1.2658 GBP 1.2665 GBP 1.2690 GBP 1.2700 GBP 1.2854 GBP 1.2890 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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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" |
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None
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Date of disclosure: |
16 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.