Redde Northgate PLC

Major Shareholding Notification • Feb 21, 2020

National Storage Mechanism | Additional information

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RNS Number : 7618D

GoldmanSachs International

21 February 2020

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:	20 February 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	1,258,527	2.8800 GBP	2.8500 GBP
50p ordinary	Sales	2,823,121	2.8850 GBP	2.8500 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	Opening a long position	51,600	2.8547 GBP
50p ordinary	CFD	Increasing a long position	200,000	2.8550 GBP
50p ordinary	CFD	Increasing a long position	200,000	2.8550 GBP
50p ordinary	CFD	Increasing a long position	300,000	2.8550 GBP
50p ordinary	CFD	Increasing a short position	4,604	2.8550 GBP
50p ordinary	CFD	Reducing a long position	770	2.8551 GBP
50p ordinary	CFD	Reducing a long position	1,060	2.8551 GBP
50p ordinary	CFD	Reducing a long position	6,604	2.8551 GBP
50p ordinary	CFD	Reducing a short position	60,000	2.8581 GBP
50p ordinary	CFD	Reducing a short position	257,604	2.8588 GBP
50p ordinary	CFD	Reducing a short position	60,000	2.8589 GBP
50p ordinary	CFD	Increasing a short position	1,329	2.8619 GBP
50p ordinary	CFD	Increasing a short position	525	2.8619 GBP
50p ordinary	CFD	Reducing a short position	2,110	2.8629 GBP
50p ordinary	CFD	Increasing a short position	414	2.8631 GBP
50p ordinary	CFD	Reducing a long position	1,018	2.8664 GBP
50p ordinary	CFD	Reducing a long position	116	2.8666 GBP
50p ordinary	CFD	Reducing a long position	161	2.8668 GBP
50p ordinary	CFD	Reducing a long position	16,078	2.8687 GBP
50p ordinary	CFD	Reducing a long position	1,695	2.8688 GBP
50p ordinary	CFD	Reducing a long position	2,426	2.8689 GBP
50p ordinary	CFD	Reducing a long position	3,319	2.8692 GBP
50p ordinary	CFD	Reducing a long position	9	2.8692 GBP
50p ordinary	CFD	Reducing a long position	533	2.8692 GBP
50p ordinary	CFD	Reducing a long position	385	2.8693 GBP
50p ordinary	CFD	Reducing a long position	1,865	2.8693 GBP
50p ordinary	CFD	Reducing a long position	208	2.8694 GBP
50p ordinary	CFD	Reducing a long position	303	2.8694 GBP
50p ordinary	CFD	Reducing a long position	301	2.8701 GBP
50p ordinary	CFD	Reducing a long position	408	2.8701 GBP
50p ordinary	CFD	Reducing a long position	2,524	2.8701 GBP
50p ordinary	CFD	Reducing a long position	272	2.8701 GBP
50p ordinary	CFD	Reducing a long position	373	2.8701 GBP
50p ordinary	CFD	Reducing a long position	2,290	2.8701 GBP
50p ordinary	CFD	Reducing a long position	3	2.8718 GBP
50p ordinary	CFD	Reducing a long position	6	2.8718 GBP
50p ordinary	CFD	Reducing a long position	1,038	2.8722 GBP
50p ordinary	CFD	Reducing a long position	100,000	2.8728 GBP
50p ordinary	CFD	Increasing a long position	8,891	2.8745 GBP
50p ordinary	CFD	Reducing a long position	667	2.8756 GBP
50p ordinary	CFD	Reducing a long position	920	2.8756 GBP
50p ordinary	CFD	Reducing a long position	5,731	2.8756 GBP
50p ordinary	CFD	Increasing a long position	108,891	2.8798 GBP
50p ordinary	CFD	Opening a long position	100,000	2.8798 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:	21 February 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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