RNS Number : 4032Y
JPMorgan Securities Plc
25 February 2025
 

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

Wood Group (John) plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Corporate Broker to Wood Group (John) plc

(d) Date dealing undertaken:

24 February 2025

(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.

 

(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

4 2/7p ordinary

Purchase

 

Sale

4,151,937

 

6,138,981

0.3898 GBP

 

0.3912 GBP

0.2682 GBP

 

0.2693 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

4 2/7p ordinary

Equity Swap

Decrease Long

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Decrease Short

 

 

 

 

Increase Long

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Increase Short

 

 

 

Opening a Long Position

 

 

 

 

 

Opening a Short Position

 

 

 

 

80,947

10,889

911

1,642

1,285

3,084

77,154

1,021

48,615

6

29,635

98,830

98,882

370,683

4,220

8,136

13,047

47

48

1,367

113,040

 

7,315

2,500

48,000

1,412

 

15

2,935

1

104

4,273

6,543

271

5

29,393

72,845

28,856

1,131

816,944

28,671

1,263,109

3,601

374,336

1,227

1

155

47

50,000

96,712

36,466

13,607

78,535

 

549

17,000

6,766

 

57,581

170,000

15,000

25,288

79,440

 

200,000

79,440

15,000

57,581

25,288

0.2725 GBP

0.2731 GBP

0.2758 GBP

0.2760 GBP

0.2764 GBP

0.2768 GBP

0.2967 GBP

0.2971 GBP

0.2975 GBP

0.2980 GBP

0.3056 GBP

0.3150 GBP

0.3311 GBP

0.3411 GBP

0.3466 GBP

0.3613 GBP

0.3629 GBP

0.3669 GBP

0.3705 GBP

0.3732 GBP

0.3774 GBP

 

0.2958 GBP

0.3555 GBP

0.3580 GBP

0.3608 GBP

 

0.2670 GBP

0.2696 GBP

0.2700 GBP

0.2710 GBP

0.2712 GBP

0.2722 GBP

0.2746 GBP

0.2863 GBP

0.3068 GBP

0.3074 GBP

0.3292 GBP

0.3310 GBP

0.3369 GBP

0.3381 GBP

0.3412 GBP

0.3442 GBP

0.3480 GBP

0.3488 GBP

0.3564 GBP

0.3568 GBP

0.3669 GBP

0.3672 GBP

0.3681 GBP

0.3683 GBP

0.3691 GBP

0.3732 GBP

 

0.2746 GBP

0.3572 GBP

0.3732 GBP

 

0.3574 GBP

0.3587 GBP

0.3637 GBP

0.3732 GBP

0.3766 GBP

 

0.2827 GBP

0.2860 GBP

0.2889 GBP

0.3294 GBP

0.3732 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:

25 February 2025
Contact name:

Hetvi Shah
Telephone number:

44 2034 936359

 

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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