FORM 8.3 - WILLIS TOWERS WATSON PLC

LONDON--(BUSINESS WIRE)-- 

FORM 8.3

IRISH TAKEOVER PANEL

DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

1. KEY INFORMATION

Name of person dealing (Note 1)	Barclays PLC.
Company dealt in	WILLIS TOWERS WATSON PLC
Class of relevant security to which the	ORD
dealings being disclosed relate (Note 2)
Date of dealing	16 February 2021

2. INTERESTS AND SHORT POSITIONS

(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

Class of relevant security:		ORD
		Long		Short
		Number	(%)	Number	(%)
(1)	Relevant securities
		2,105,212	1.63%	489,888	0.38%
(2)	Derivatives (other than options):
		183,127	0.14%	318,405	0.25%
(3)	Options and agreements to
	purchase/sell:	6,000	0.00%	6,000	0.00%
(4)	TOTAL:
		2,294,339	1.78%	814,293	0.63%

(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security:	Long		Short
	Number	(%)	Number	(%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

Ap20

1. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale	Number of relevant securities	Price per unit
Purchase	1	229.1200 USD
Purchase	3	228.2900 USD
Purchase	8	227.8400 USD
Purchase	8	228.5300 USD
Purchase	10	228.1520 USD
Purchase	21	227.6957 USD
Purchase	24	228.4491 USD
Purchase	50	227.3800 USD
Purchase	100	227.8500 USD
Purchase	100	229.3050 USD
Purchase	100	227.4600 USD
Purchase	158	227.1768 USD
Purchase	217	228.1501 USD
Purchase	237	228.2919 USD
Purchase	537	227.7170 USD
Purchase	719	228.4155 USD
Purchase	997	227.9844 USD
Purchase	3,236	228.2763 USD
Purchase	5,000	228.5156 USD
Purchase	7,375	228.0141 USD
Purchase	8,808	228.2875 USD
Purchase	131,373	228.1100 USD
Sale	1	227.7200 USD
Sale	4	228.4550 USD
Sale	6	228.5200 USD
Sale	10	228.1520 USD
Sale	10	228.0220 USD
Sale	12	228.1600 USD
Sale	12	228.3850 USD
Sale	12	228.3300 USD
Sale	13	228.1373 USD
Sale	16	228.5700 USD
Sale	18	228.2533 USD
Sale	18	227.9400 USD
Sale	18	228.1283 USD
Sale	22	228.6000 USD
Sale	39	228.1423 USD
Sale	48	228.0487 USD
Sale	69	228.0000 USD
Sale	100	227.8500 USD
Sale	100	227.4600 USD
Sale	100	228.6400 USD
Sale	100	228.7000 USD
Sale	100	228.4500 USD
Sale	106	228.3328 USD
Sale	120	228.3566 USD
Sale	138	228.5300 USD
Sale	237	228.2919 USD
Sale	343	228.4773 USD
Sale	384	228.4536 USD
Sale	418	228.5312 USD
Sale	513	227.6593 USD
Sale	583	228.5156 USD
Sale	883	228.0133 USD
Sale	1,029	227.9861 USD
Sale	1,438	228.4244 USD
Sale	2,234	228.5693 USD
Sale	5,143	228.3650 USD
Sale	6,658	227.9941 USD
Sale	6,695	228.2194 USD
Sale	131,337	228.1100 USD

(b) Derivatives transactions (other than options transactions)

Product Name	Nature of transaction	Number of relevant securities	Price per
			unit
SWAP	Long	1	373,634,890.0000 USD
SWAP	Long	1	159,717,120.0000 USD

(c) Options transactions in respect of existing relevant securities

(i) Writing, selling, purchasing or varying

Product name, e.g. call option

Writing, selling, purchasing, varying etc.

Number of securities to which the option relates (Note 7)

Exercise price

Type, e.g. American, European etc.

Expiry date

Option money paid/received per unit (Note 5)

(ii) Exercising

Product name, e.g. call option

Number of securities

Exercise price per unit (Note 5)

(d) Other dealings (including transactions in respect of new securities) (Note 4)

Nature of transaction (Note 8)

Details

Price per unit (if applicable) (Note 5)

Ap21

2. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

None

Is a Supplemental Form 8 (Open Positions) attached?	YES
Date of disclosure:	17 Feb 2021
Contact name:	Large Holdings Regulatory Operations
Telephone number:	020 3134 7213
If a connected EFM, name of offeree/offeror with which connected
If a connected EFM, state nature of connection

SUPPLEMENTAL FORM 8

IRISH TAKEOVER PANEL

DISCLOSURE UNDER RULE 8.1 AND RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

DETAILS OF OPEN POSITIONS

(This form should be attached to Form 8.1(a) & (b)(i), Form 8.1(b)(ii) or Form 8.3, as appropriate)

OPEN POSITIONS (Note 1)

Product name	Written or	Number of	Exercise	Type	Expiry
	purchased	relevant securities	price		date
		to which the option
		or derivative
		relates
Call Options	Purchased	6,000	220.0000	American	Jul 16, 2021
Put Options	Purchased	-6,000	200.0000	American	Jul 16, 2021

Notes

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell must also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.