REG - JPMorgan Sec.Plc Apax Global Alpha Ld - Form 8.5 (EPT/RI)-Apax Global Alpha Limited Amend
J.P. Morgan Securities Plc disclosed dealings related to Apax Global Alpha Limited under Rule 8.5 of the Takeover Code. On July 24, 2025, they purchased 295,537 ordinary shares at a highest price of 1.6400 GBP and sold 29,973 shares at a lowest price of 1.6320 GBP. Additionally, they engaged in cash-settled derivative transactions, including decreasing and increasing long/short positions. No indemnity or option arrangements were reported. The disclosure was made on July 28, 2025, by Hetvi Shah.
RNS Number : 8576S JPMorgan Securities Plc 28 July 2025
AMENDMENT
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 | Apax Global Alpha Limited |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial adviser to Janus Bidco Limited |
(d) Date dealing undertaken: | 24 July 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 | Ordinary NPV |
Purchases/ sales | Purchase Sale |
Total number of securities | 295,537 29,973 |
Highest price per unit paid/received | 1.6400 GBP 1.6400 GBP |
Lowest price per unit paid/received | 1.6320 GBP 1.6344 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Ordinary NPV |
Product description e.g. CFD | Equity Swap |
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Decrease Long Decrease Short Increase Long Increase Short Opening a short position |
Number of reference securities | 10,348 14,016 3,824 22,965 250,000 |
Price per unit | 1.6342 GBP 1.6400 GBP 1.6338 GBP 1.6400 GBP 1.8844 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
- Typee.g. American, European etc.
- Expiry date
- Option money paid/ received per unit
(ii) Exercise
- Class of relevant security
- Product descriptione.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 dealinge.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: | 28 July 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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