Bank of America Merrill Lynch 20241119_INTERNATIONAL DISTRIBUTION_8.5 EPT RI_MLI
20 November 2024 - 10:18PM
RNS Regulatory News
RNS Number : 9945M
Bank of America Merrill Lynch
20 November 2024
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")
|
(a)
|
Name
of exempt principal trader:
|
|
Merrill Lynch
International
|
|
(b)
|
Name
of offeror/offeree in relation to whose
relevant securities this form relates:
Use a separate form for each
offeror/offeree
|
|
INTERNATIONAL DISTRIBUTION SERVICES
PLC
|
|
(c)
|
Name
of the party to the offer with which exempt principal trader is
connected:
|
|
INTERNATIONAL DISTRIBUTION SERVICES
PLC
|
|
(d)
|
Date
dealing undertaken:
|
|
19/11/2024
|
|
(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"
|
|
N/A
|
|
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.
|
Class of relevant security
|
Purchases/
sales
|
Total number of securities
|
Highest price
per unit
paid/received
|
Lowest price
per unit
paid/received
|
|
1p ordinary
|
Purchase
|
1,044,647
|
3.462 GBP
|
3.434 GBP
|
|
1p ordinary
|
Sale
|
269,334
|
3.466 GBP
|
3.432 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
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Opening a Long Position
|
2,683
|
3.471 GBP
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Opening a Long Position
|
9,847
|
3.464 GBP
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
112,500
|
3.459 GBP
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
78,497
|
3.462 GBP
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
137,500
|
3.459 GBP
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
95,940
|
3.462 GBP
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Reducing a Short Position
|
3,850
|
3.464 GBP
|
|
1p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
3,850
|
3.45 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
|
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
Class of relevant security
|
Product
description
e.g. call option
|
Exercising/
exercised
against
|
Number of
securities
|
Exercise Price per
unit
|
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|
(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)
|
|
N/A
|
N/A
|
N/A
|
N/A
|
|
(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:
|
20/11/2024
|
|
Contact name:
|
Frank Lui
|
|
Telephone number:
|
+44207 996 6418
|
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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