Redde Northgate PLC

Major Shareholding Notification • Jan 27, 2020

National Storage Mechanism | Additional information

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RNS Number : 0477B

GoldmanSachs International

27 January 2020

Amendment - due to the amendment of Equity and Derivative transactions, the disclosure made on 24 January for dealings on 23 January has been updated. Sections 2(a) and 2(b) have been updated.

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:	(GS) GOLDMAN SACHS INTERNATIONAL
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	NORTHGATE PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	NORTHGATE PLC
(d) Date dealing undertaken:	23 January 2020
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES - disclosed previously for REDDE 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
50p ordinary	Purchases	376,643	2.8000 GBP	2.6600 GBP
50p ordinary	Sales	877,841	2.8100 GBP	2.6701 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
50p ordinary	CFD	Increasing a long position	56,656	2.6701 GBP
50p ordinary	CFD	Increasing a long position	56,656	2.6701 GBP
50p ordinary	CFD	Increasing a long position	150,000	2.6793 GBP
50p ordinary	CFD	Increasing a short position	20	2.6887 GBP
50p ordinary	CFD	Increasing a short position	582	2.6930 GBP
50p ordinary	CFD	Increasing a short position	19	2.6945 GBP
50p ordinary	CFD	Increasing a short position	802	2.6969 GBP
50p ordinary	CFD	Increasing a long position	27,926	2.6985 GBP
50p ordinary	CFD	Opening a short position	10,000	2.7000 GBP
50p ordinary	CFD	Increasing a short position	136	2.7024 GBP
50p ordinary	CFD	Increasing a short position	179	2.7025 GBP
50p ordinary	CFD	Increasing a short position	235	2.7039 GBP
50p ordinary	CFD	Increasing a short position	66	2.7051 GBP
50p ordinary	CFD	Reducing a short position	69,084	2.7074 GBP
50p ordinary	CFD	Reducing a short position	802	2.7100 GBP
50p ordinary	CFD	Reducing a short position	183	2.7131 GBP
50p ordinary	CFD	Increasing a short position	108,677	2.7164 GBP
50p ordinary	CFD	Opening a long position	315,940	2.7198 GBP
50p ordinary	CFD	Increasing a long position	77,054	2.7292 GBP
50p ordinary	CFD	Reducing a long position	159,278	2.7292 GBP
50p ordinary	CFD	Reducing a short position	116	2.7334 GBP
50p ordinary	CFD	Increasing a long position	73,716	2.7583 GBP
50p ordinary	CFD	Increasing a long position	4,702	2.7625 GBP
50p ordinary	SWAP	Reducing a short position	4,957	2.7059 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

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising / exercised against	Number of securities	Exercise price per unit

(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)

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"
NONE

(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"
NONE

###### Date of disclosure:	27 January 2020
###### Contact name:	Kashif Rafiq and Papa Lette
###### Telephone number:	+44(20) 7051 0547 / +44(20) 7774 7442

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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