⌘K
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J.P. Morgan Securities Plc, an exempt principal trader and joint financial adviser/corporate broker to Petershill Partners plc, disclosed dealings in Petershill Partners plc USD 0.01 ordinary shares. These dealings, undertaken on 17 November 2025, included the purchase of 647,108 shares at prices between 3.1300 GBP and 3.1386 GBP, and the sale of 346,662 shares at prices between 3.1300 GBP and 3.1400 GBP. Additionally, the firm engaged in cash-settled equity swap transactions, decreasing long positions by 433,201 reference securities, decreasing short positions by 190,282 reference securities, increasing long positions by 59,167 reference securities, and increasing short positions by 117,880 reference securities.
| Date | 19 Nov 2025 |
| Time | 13:28:00 |
| Category | Holding(s) in company |
| ID | 2186I |
AMENDMENT
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 |
Petershill Partners plc |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
Joint financial adviser and joint corporate broker to Petershill Partners plc |
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(d) Date dealing undertaken: |
17 November 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" |
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 |
|
USD 0.01 ordinary |
Purchase |
647,108 |
3.1386 GBP |
3.1300 GBP |
Sale |
|
|
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(b) Cash-settled derivative transactions
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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 |
|
USD 0.01 ordinary |
Equity Swap |
Decrease Long
Decrease Short
Increase Long
Increase Short
|
431,086 2,000 115
32,713 24,219 10,000 79,000 16,641 27,579 115
1,178 10,955 21,512 2,188 23,334
100,000 485 1,342 11,322 4,731 |
3.1300 GBP 3.1304 GBP 3.1403 GBP
3.1300 GBP 3.1301 GBP 3.1309 GBP 3.1316 GBP 3.1349 GBP 3.1350 GBP 3.1399 GBP
3.1299 GBP 3.1310 GBP 3.1323 GBP 3.1348 GBP 3.1360 GBP
3.1329 GBP 3.1350 GBP 3.1351 GBP 3.1378 GBP 3.1386 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: |
19 November 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.