Redde Northgate PLC

Major Shareholding Notification • Dec 16, 2019

National Storage Mechanism | Additional information

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RNS Number : 9839W

JPMorgan Securities Plc

16 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:	13 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	192,917 219,245	3.0800 GBP 3.1200 GBP	3.0082 GBP 3.0050 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	37,868 2,787 2,075 2,235 10,000 10,936 3,609 602 286 98 2,792 344 2,604 255 397 126 1,320 65 441 8,620 7,350 8,795 805 773 2,507 284 64 3,344 922 153 149 1,035 354 71	3.0482 GBP 3.0519 GBP 3.0528 GBP 3.0575 GBP 3.0600 GBP 3.0613 GBP 3.0675 GBP 3.0948 GBP 3.0201 GBP 3.0468 GBP 3.0480 GBP 3.0500 GBP 3.0512 GBP 3.0520 GBP 3.0521 GBP 3.0528 GBP 3.0529 GBP 3.0553 GBP 3.0556 GBP 3.0569 GBP 3.0575 GBP 3.0590 GBP 3.0599 GBP 3.0600 GBP 3.0601 GBP 3.0602 GBP 3.0641 GBP 3.0657 GBP 3.0663 GBP 3.0666 GBP 3.0685 GBP 3.0687 GBP 3.0694 GBP 3.1103 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:	16 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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