Market Update on De La Rue plc Trading Activities
AMENDMENT - FORM 8.5 (EPT/RI)
Public Disclosure by an Exempt Principal Trader with Recognized Intermediary Status
Rule 8.5 of the Takeover Code
1. Key Information
(a) Name of exempt principal trader: Investec Bank plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: De La Rue plc
(c) Name of the party to the offer with which exempt principal trader is connected: Investec is Joint Broker to De La Rue plc
(d) Date dealing undertaken: Date removed for compliance with privacy regulations.
(e) In addition to the company in (b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? N/A
2. Dealings by the Exempt Principal Trader
(a) Purchases and sales
Class of relevant security: Ordinary shares
Purchases: 445,036 shares at a highest price per unit of 109.5 and a lowest price per unit of 105.3.
Sales: 445,598 shares at a highest price per unit of 109 and a lowest price per unit of 105.
(b) Cash-settled derivative transactions
Class of relevant security: N/A
No cash-settled derivative transactions reported.
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying: N/A
(ii) Exercise: N/A
(d) Other dealings (including subscribing for new securities): N/A
3. Other Information
(a) Indemnity and other dealing arrangements: None
(b) Agreements, arrangements or understandings relating to options or derivatives: None
Date of disclosure: Date removed for compliance with privacy regulations.
Contact name: Priyali Bhattacharjee
Telephone number: +91 9768034903
Public market disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. For any inquiries regarding the Code’s disclosure requirements, the Panel’s Market Surveillance Unit can be contacted. Staying informed about regulations can significantly benefit market participants.
Frequently Asked Questions
What is the significance of the trading activities disclosed by Investec Bank plc?
The trading activities indicate ongoing market interest and confidence in De La Rue plc, impacting investor sentiment.
Can you explain what the exemptions are for principal traders?
Exempt principal traders operate under specific regulations that permit them to deal without standard disclosures, as long as they maintain compliance with the Takeover Code.
What does it mean if a trader is a Joint Broker?
Being a Joint Broker means sharing the responsibility of managing the trading activities of a particular company, in this case, De La Rue plc, which enhances credibility and advice for investors.
Why is it necessary to disclose trading activities?
Disclosure ensures transparency in the market, allowing investors to make informed decisions and maintaining integrity within the trading environment.
How can one contact the market surveillance unit for inquiries?
The market surveillance unit can be reached at +44 (0)20 7638 0129 for consultation regarding trading disclosures and market regulations.
