AMENDMENT
INCREASED EQUITY SALES BY 15,000 TO 90,549
ADDED EQUITY SWAP PURCHASES OF 15,000
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
(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Provident Financial plc |
(c) Name of the party to the offer with which exempt principal trader is connected: |
Joint Financial Adviser and Corporate Broker to Provident Financial PLC |
(d) Date dealing undertaken: |
1 March 2019 |
(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, Non-Standard Finance 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 |
Ordinary Share |
Purchase Sale |
103,530 90,549 |
6.0460 GBP 6.0500 GBP |
5.9780 GBP 5.9900 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 |
Ordinary Share |
Equity Swap |
Long Short |
3,960 4,356 20,316 44 2,282 2,209 1,903 3,305 4,183 608 608 15,000 695 16 3,726 9,884 481 3,225 341 632 7,388 115 36,798 663 298 1,522 458 451 |
5.9977 GBP 5.9980 GBP 6.0044 GBP 6.0133 GBP 6.0196 GBP 6.0248 GBP 6.0285 GBP 6.0286 GBP 6.0338 GBP 6.0340 GBP 6.0396 GBP 6.0409 GBP 5.9935 GBP 5.9946 GBP 5.9983 GBP 6.0002 GBP 6.0005 GBP 6.0007 GBP 6.0031 GBP 6.0032 GBP 6.0068 GBP 6.0086 GBP 6.0126 GBP 6.0212 GBP 6.0214 GBP 6.0308 GBP 6.0336 GBP 6.0412 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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(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
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" |
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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Date of disclosure: |
5 March 2019 |
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.
