Redde Northgate PLC

Regulatory Filings • Dec 6, 2019

National Storage Mechanism | Additional information

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RNS Number : 0547W

JPMorgan Securities Plc

06 December 2019

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	Northgate plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial adviser to Redde plc
(d) Date dealing undertaken:	5 December 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, 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
Ordinary Share	Purchase Sale	49,075 43,700	2.9651 GBP 2.9500 GBP	2.8467 GBP 2.8570 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	619 176 123 6,981 12 727 4,430 4 2,429 5,489 7 27 2,020 1,388 1,090 1,060 4,258 3,757 97 279 2,708 388 3,366 707 4,345 10,068 979 586	2.8570 GBP 2.8623 GBP 2.8800 GBP 2.9128 GBP 2.9137 GBP 2.9141 GBP 2.9142 GBP 2.9146 GBP 2.9151 GBP 2.9224 GBP 2.9250 GBP 2.9300 GBP 2.9423 GBP 2.9465 GBP 2.8450 GBP 2.8701 GBP 2.8899 GBP 2.9009 GBP 2.9419 GBP 2.9421 GBP 2.9422 GBP 2.9423 GBP 2.9503 GBP 2.9552 GBP 2.9636 GBP 2.9650 GBP 2.9651 GBP 2.9652 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
Ordinary Share

(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:	6 December 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.

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