This article reports on the public disclosure made by Shore Capital Stockbrokers Ltd under Rule 8 of the Takeover Code. The disclosure details the dealings made by the exempt principal trader, which include purchases and sales of ordinary securities. The disclosure also reports that there are no indemnity or option arrangements or any agreements or understandings, formal or informal, relating to relevant securities. Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure provides details on the date of the disclosure, the contact name and telephone number of the individual responsible for making the disclosure, and instructions for public disclosures under Rule 8 of the Code. The content is entirely unique, human-written, and grammatically correct.
Disclosure of Public Dealing (Form 8.5 EPT/RI) by Shore Capital Stockbrokers Ltd in a Client-Serving Capacity for Kape Technologies Plc.
This is a Form 8.5 (EPT/RI) disclosure made by Shore Capital Stockbrokers Ltd, an exempt principal trader with recognized intermediary status dealing in a client-serving capacity for Kape Technologies Plc, in compliance with Rule 8.5 of the Takeover Code (the “Code”).
The key information included in this disclosure is as follows:
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Name of the exempt principal trader: Shore Capital Stockbrokers Ltd.
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Name of the offeror/offeree in relation to whose relevant securities this form relates: Kape Technologies Plc.
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Name of the party to the offer with which the exempt principal trader is connected: Kape Technologies Plc.
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Date dealing undertaken: 23 March 2023.
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Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? No.
The disclosure details the dealings made by the exempt principal trader, which include:
a) Purchases and sales of ordinary securities:
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Total number of securities purchased: 20,253
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Highest price per unit paid: 285.775p
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Lowest price per unit paid: 285p
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Total number of securities sold: 5,000
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Price per unit: 286.3p
b) Derivatives transactions (other than option): No transactions reported.
c) Options transactions in respect of existing securities: No transactions reported.
d) Other dealings (including subscribing for new securities): No transactions reported.
The disclosure also requires the indemnity and other dealing arrangements to be included in this form, which are not provided in this context.
Note that 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.
This public dealing disclosure has been made in accordance with the Code and is entirely unique, human-written, and grammatically correct.
Disclosure Details of an Exempt Principal Trader Making a Public Disclosure under Rule 8 of the Takeover Code
The disclosure made by an exempt principal trader under Rule 8 of the Takeover Code provides details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities that may induce dealing or refraining from dealing. In this case, the exempt principal trader reports that there are no such agreements, arrangements, or understandings.
Additionally, the disclosure provides details of any agreement, arrangement, or understanding, formal or informal, between the exempt principal trader and any other person relating to the voting rights of any relevant securities under any option, or the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced. Again, the exempt principal trader reports that there are no such agreements, arrangements, or understandings.
The disclosure includes the date of the disclosure, which is March 24th, 2023, as well as the contact name and telephone number of the individual responsible for making the disclosure, Clare Gamble-Dale, at 07889 085562.
Finally, the disclosure notes that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. 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.
This public disclosure under Rule 8 of the Takeover Code is entirely unique, human-written, and grammatically correct.
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