FORM 8.5 (EPT/NON-RI) - RSA INSURANCE GROUP PLC

LONDON--()-- 

FORM 8.5 (EPT/NON-RI)

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 RSA INSURANCE GROUP PLC
relevant securities this form relates:
(c) Name of the party to the offer with which exempt Regent Bidco Limited (a wholly-owned subsidiary of Intact Financial Corporation)
principal trader is connected
(d) Date position held/dealing undertaken: 18 November 2020
(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

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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: 100p ordinary
Interests Short Positions
Number (%) Number (%)

(1)

Relevant securities owned
and/or controlled:

23,519,380

2.27%

2,574,955

0.25%

 

(2)

Cash-settled derivatives:

1,552,080

0.15%

19,582,685

1.89%

 

(3)

Stock-settled derivatives (including options)
and agreements to purchase/sell:

0

0.00%

0

0.00%

 
 
TOTAL:

25,071,460

2.42%

22,157,640

2.14%

 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee 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

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(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 Purchase/sale Total number of Highest price per unit Lowest price per unit
security securities paid/received paid/received

100p ordinary

Purchase

7,260,532

8.610 GBP

6.716 GBP

100p ordinary

Sale

9,971,487

6.7680 GBP

6.714 GBP

(b) Cash-settled derivative transactions

Class of Product Nature of dealing Number of Price per
relevant description reference unit
security securities

100p ordinary

SWAP

Long

2

6.7194 GBP

100p ordinary

SWAP

Long

3

6.7233 GBP

100p ordinary

SWAP

Long

4

6.7357 GBP

100p ordinary

SWAP

Long

17

6.7149 GBP

100p ordinary

SWAP

Long

35

6.7235 GBP

100p ordinary

SWAP

Long

43

6.7251 GBP

100p ordinary

SWAP

Long

57

6.7237 GBP

100p ordinary

SWAP

Long

63

6.7271 GBP

100p ordinary

SWAP

Long

63

6.7358 GBP

100p ordinary

SWAP

Long

96

6.7409 GBP

100p ordinary

SWAP

Long

112

6.7411 GBP

100p ordinary

SWAP

Long

125

6.7497 GBP

100p ordinary

SWAP

Long

152

6.7248 GBP

100p ordinary

SWAP

Long

190

6.7442 GBP

100p ordinary

SWAP

Long

256

6.7213 GBP

100p ordinary

SWAP

Long

676

6.7353 GBP

100p ordinary

SWAP

Long

704

6.7516 GBP

100p ordinary

SWAP

Long

717

6.7603 GBP

100p ordinary

SWAP

Long

920

6.7293 GBP

100p ordinary

SWAP

Long

934

6.7292 GBP

100p ordinary

SWAP

Long

1,000

6.7175 GBP

100p ordinary

SWAP

Long

1,031

6.7445 GBP

100p ordinary

SWAP

Long

1,032

6.7418 GBP

100p ordinary

SWAP

Long

1,175

6.7496 GBP

100p ordinary

SWAP

Long

1,179

6.7612 GBP

100p ordinary

SWAP

Long

1,494

6.7361 GBP

100p ordinary

SWAP

Long

1,739

6.7382 GBP

100p ordinary

SWAP

Long

1,779

6.7291 GBP

100p ordinary

SWAP

Long

2,941

6.7565 GBP

100p ordinary

SWAP

Long

6,401

6.7522 GBP

100p ordinary

CFD

Long

6,657

6.7213 GBP

100p ordinary

SWAP

Long

7,548

6.7354 GBP

100p ordinary

SWAP

Long

9,982

6.7433 GBP

100p ordinary

SWAP

Long

10,150

6.7594 GBP

100p ordinary

SWAP

Long

11,558

6.7408 GBP

100p ordinary

SWAP

Long

12,069

6.7220 GBP

100p ordinary

SWAP

Long

12,961

6.7676 GBP

100p ordinary

SWAP

Long

13,775

6.7430 GBP

100p ordinary

SWAP

Long

17,932

6.7305 GBP

100p ordinary

SWAP

Long

18,488

6.7564 GBP

100p ordinary

SWAP

Long

19,281

6.7224 GBP

100p ordinary

SWAP

Long

19,617

6.7410 GBP

100p ordinary

CFD

Long

20,748

6.7518 GBP

100p ordinary

SWAP

Long

21,392

6.7613 GBP

100p ordinary

SWAP

Long

21,847

6.7199 GBP

100p ordinary

SWAP

Long

22,475

6.7443 GBP

100p ordinary

SWAP

Long

23,185

6.7677 GBP

100p ordinary

CFD

Long

30,141

6.7600 GBP

100p ordinary

SWAP

Long

30,726

6.7414 GBP

100p ordinary

SWAP

Long

47,215

6.7491 GBP

100p ordinary

SWAP

Long

49,343

6.7639 GBP

100p ordinary

SWAP

Long

68,322

6.7210 GBP

100p ordinary

CFD

Long

73,961

6.7427 GBP

100p ordinary

SWAP

Long

85,937

6.7650 GBP

100p ordinary

SWAP

Long

150,887

6.7551 GBP

100p ordinary

CFD

Long

162,526

6.7680 GBP

100p ordinary

CFD

Long

183,837

6.7674 GBP

100p ordinary

SWAP

Long

262,283

6.7440 GBP

100p ordinary

SWAP

Long

310,769

6.7549 GBP

100p ordinary

SWAP

Long

322,355

6.7579 GBP

100p ordinary

SWAP

Long

362,154

6.7338 GBP

100p ordinary

CFD

Long

1,225,725

6.7217 GBP

100p ordinary

SWAP

Short

19

6.7220 GBP

100p ordinary

SWAP

Short

77

6.7348 GBP

100p ordinary

SWAP

Short

85

6.7265 GBP

100p ordinary

SWAP

Short

102

6.7406 GBP

100p ordinary

SWAP

Short

118

6.7253 GBP

100p ordinary

SWAP

Short

141

6.7284 GBP

100p ordinary

SWAP

Short

229

6.7356 GBP

100p ordinary

SWAP

Short

474

6.7477 GBP

100p ordinary

SWAP

Short

513

6.7256 GBP

100p ordinary

SWAP

Short

4,163

6.7679 GBP

100p ordinary

CFD

Short

6,657

6.7226 GBP

100p ordinary

SWAP

Short

13,775

6.7430 GBP

100p ordinary

SWAP

Short

15,777

6.7249 GBP

100p ordinary

SWAP

Short

19,617

6.7410 GBP

100p ordinary

CFD

Short

20,000

6.7887 GBP

100p ordinary

SWAP

Short

34,942

6.7680 GBP

100p ordinary

SWAP

Short

56,381

6.7291 GBP

100p ordinary

CFD

Short

58,015

6.7263 GBP

100p ordinary

SWAP

Short

68,322

6.7210 GBP

100p ordinary

CFD

Short

162,526

6.7242 GBP

100p ordinary

CFD

Short

229,170

6.7294 GBP

100p ordinary

SWAP

Short

444,262

6.7466 GBP

100p ordinary

SWAP

Short

500,000

6.7247 GBP

100p ordinary

SWAP

Short

500,009

6.7257 GBP

100p ordinary

CFD

Long

20,000

8.9450 USD

100p ordinary

CFD

Short

20,000

8.6100 USD

(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)

 

 

 

 

 

4. 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

 

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

19 Nov 2020

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

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 disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Category Code: FEO
Sequence Number: 721484
Time of Receipt (offset from UTC): 20201119T093715+0000

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC