FORM 8.5 (EPT/NON-RI) Amendment to Sale | |||||||
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN | |||||||
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS | |||||||
(OR WHERE RI STATUS IS NOT APPLICABLE) | |||||||
Rule 8.5 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
(a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||||
(b) | Name of offeror/offeree in relation to whose | THG PLC | |||||
| relevant securities this form relates: | ||||||
(c) | Name of the party to the offer with which exempt | THG PLC | |||||
| principal trader is connected | ||||||
(d) | Date position held/dealing undertaken: | 04 May 2023 | |||||
(e) | In addition to the company in 1(b) above, is the exempt principal | NO |
| | |||
| trader making disclosures in respect of any other party to the offer? | | | | |||
2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
| to which the disclosure relates following the dealing (if any) |
| |||||
Class of relevant security: | THG PLC | | | ||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned | | | | | ||
| and/or controlled: | 4,093,187 | 0.32% | 16,963,011 | 1.31% | ||
| | | | | | | |
(2) | Cash-settled derivatives: | | | | | ||
| | | 16,930,863 | 1.30% | 3,253,378 | 0.25% | |
| | | | | | | |
(3) | Stock-settled derivatives (including options) | | | | | ||
| and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | ||
| | | | | | | |
| | | | | | ||
| TOTAL: | | 21,024,050 | 1.62% | 20,216,389 | 1.56% | |
| | | | | | | |
(b) | Rights to subscribe for new securities (including directors and other executive | ||||||
| options) |
| | | | | |
Class of relevant security in relation to | | ||||||
which subscription right exists | |||||||
Details, including nature of the rights | | ||||||
concerned and relevant percentages: | |||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | | | | | ||
Class of relevant | | Purchase/sale | | Total number of | | Highest price per unit | Lowest price per unit |
security | | | | securities | | paid/received | paid/received |
THG PLC | Purchase | 2,030,400 | 1.1202 GBP | 0.8442 GBP | |||
THG PLC | Sale | 1,578,226 | 1.0632 GBP | 0.8442 GBP | |||
(b) | Cash-settled derivative transactions | | | | |||
Class of | | Product | | Nature of dealing | | Number of | Price per |
relevant | | description | | | | reference | Unit |
security | | | | | | securities | |
THG PLC | SWAP | Decreasing Long | 2 | 0.9518 GBP | |||
THG PLC | SWAP | Decreasing Long | 6,576 | 0.8591 GBP | |||
THG PLC | SWAP | Decreasing Long | 21,744 | 1.0321 GBP | |||
THG PLC | SWAP | Decreasing Long | 22,667 | 0.9607 GBP | |||
THG PLC | SWAP | Decreasing Long | 105,787 | 0.9816 GBP | |||
THG PLC | SWAP | Decreasing Long | 146,372 | 0.9766 GBP | |||
THG PLC | SWAP | Decreasing Long | 242,648 | 0.9997 GBP | |||
THG PLC | SWAP | Decreasing Long | 524,196 | 0.9892 GBP | |||
THG PLC | CFD | Increasing Long | 125 | 0.9627 GBP | |||
THG PLC | SWAP | Increasing Long | 5,789 | 0.9933 GBP | |||
THG PLC | CFD | Increasing Long | 10,000 | 0.9191 GBP | |||
THG PLC | CFD | Increasing Long | 10,000 | 0.9224 GBP | |||
THG PLC | CFD | Increasing Long | 12,433 | 0.9518 GBP | |||
THG PLC | CFD | Increasing Long | 14,100 | 0.9333 GBP | |||
THG PLC | CFD | Increasing Long | 14,963 | 0.9014 GBP | |||
THG PLC | CFD | Increasing Long | 25,000 | 0.8935 GBP | |||
THG PLC | CFD | Increasing Long | 27,500 | 0.8870 GBP | |||
THG PLC | SWAP | Increasing Long | 35,959 | 1.0421 GBP | |||
THG PLC | CFD | Increasing Long | 40,924 | 0.9517 GBP | |||
THG PLC | SWAP | Increasing Long | 53,015 | 0.9965 GBP | |||
THG PLC | CFD | Increasing Long | 131,188 | 0.9518 GBP | |||
THG PLC | SWAP | Increasing Long | 160,290 | 0.9543 GBP | |||
THG PLC | SWAP | Increasing Long | 196,249 | 0.9704 GBP | |||
THG PLC | CFD | Increasing Long | 409,538 | 0.9899 GBP | |||
THG PLC | CFD | Increasing Long | 565,423 | 0.9584 GBP | |||
THG PLC | SWAP | | | 55,303 | 0.9814 GBP | ||
NB: The below transactions which were previously disclosed have been cancelled | |||||||
Class of | | Product | | Nature of dealing | | Number of | Price per |
relevant | | description | | | | reference | Unit |
security | | | | | | securities | |
THG PLC | SWAP | Long | 196,249 | 0.9704 GBP | |||
(c) | Stock-settled derivative transactions (including options) |
| |||||
(i) | Writing, selling, purchasing or varying |
| | | |||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | | date | Money |
relevant | | selling, | securities | per unit | | | paid/ |
security | | varying etc | to which | | | | Received |
| | | option | | | | per unit |
| | | relates | | | | |
| | | | | | | |
| | | | | | | |
(ii) | Exercising |
| | | | | |
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | | | | securities | Unit | ||
| | | | | |||
| | | | | | | |
(d) | Other dealings (including subscribing for new securities) |
| |||||
Class of relevant | | Nature of Dealings | | Details | Price per unit (if | | |
security | | | | applicable) | | ||
| | | | ||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings 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: | | ||||||
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 of future acquisition or disposal of any relevant securities to which | |||||||
any derivative is referenced: | | | | | |||
NONE | |||||||
(c) | Attachments |
| | | | | |
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 17 May 2023 | | | | |||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | | |
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