SVT: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - SEVERN TRENT

  SVT: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - SEVERN TRENT

UK Regulatory Announcement

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      SEVERN TRENT
      whose
     relevant securities this form relates:      
(c)   Name of the party to the offer with which   Advisor to Offeror
      exempt
     principal trader is connected               
(d)   Date position held/dealing undertaken:      20 May 2013
(e)   Has the EPT previously disclosed, or is     NO
      it
      today disclosing, under the Code in
      respect
     of any other party to this 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:      ORD
                                 Interests          Short Positions
                                Number     (%)     Number     (%)
(1)   Relevant securities owned
      and/or controlled:          1,114,759   0.47%   423,974     0.18%
                                                             
(2)   Derivatives (other than
      options):                   423,656     0.18%   610,573     0.26%
                                                             
(3)   Options and agreements to
      purchase/sell:              0           0.00%   0           0.00%
                                                             
(4)   TOTAL:
                                  1,538,415   0.64%   1,034,547   0.43%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, 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
executive options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages: 

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.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant  Purchase/sale  Number of   Price per unit
security                           securities   
ORD                 Purchase        23           20.6100 GBP
ORD                 Purchase        1,021        20.5033 GBP
ORD                 Purchase        1,132        20.4876 GBP
ORD                 Purchase        1,784        20.5040 GBP
ORD                 Purchase        2,266        20.4912 GBP
ORD                 Purchase        2,833        20.5204 GBP
ORD                 Purchase        3,092        20.5115 GBP
ORD                 Purchase        4,329        20.5088 GBP
ORD                 Purchase        4,421        20.4989 GBP
ORD                 Purchase        5,519        20.4945 GBP
ORD                 Purchase        5,900        20.4999 GBP
ORD                 Purchase        8,208        20.4953 GBP
ORD                 Purchase        16,416       20.5017 GBP
ORD                 Purchase        18,924       20.5193 GBP
ORD                 Purchase        75,000       20.5200 GBP
ORD                 Sale            240          20.5766 GBP
ORD                 Sale            442          20.4950 GBP
ORD                 Sale            591          20.5600 GBP
ORD                 Sale            1,214        20.5017 GBP
ORD                 Sale            1,407        20.4972 GBP
ORD                 Sale            1,413        20.4900 GBP
ORD                 Sale            1,649        20.5200 GBP
ORD                 Sale            1,906        20.5304 GBP
ORD                 Sale            2,425        20.4974 GBP
ORD                 Sale            3,638        20.5100 GBP
ORD                 Sale            4,794        20.5099 GBP
ORD                 Sale            7,093        20.5204 GBP

(b) Derivatives transactions (other than options)

Class of  Product      Nature of dealing  Number of   Price per
relevant   description                       reference    unit
security                                   securities   
ORD        SWAP          Long                86           20.6295 GBP
ORD        SWAP          Long                208          20.4991 GBP
ORD        CFD           Long                240          20.5765 GBP
ORD        CFD           Long                4,406        20.5345 GBP
ORD        SWAP          Short               249          20.6308 GBP
ORD        SWAP          Short               4,421        20.4989 GBP
ORD        CFD           Short               4,980        20.5029 GBP
ORD        CFD           Short               5,026        20.5067 GBP
ORD        SWAP          Short               6,688        20.4991 GBP
ORD        SWAP          Short               8,816        20.5098 GBP
ORD        SWAP          Short               13,976       20.5014 GBP
ORD        CFD           Short               75,000       20.5200 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

                         Writing,      Number of               Type                 Option
Class of   Product       purchasing,   securities   Exercise                        money
relevant  description  selling,     to which    price     e.g.       Expiry  paid/
security   e.g. call     varying       option       per unit   American,   date     received
           option        etc.          relates                 European             per unit
                                                               etc.

(ii) Exercising

                     Product
Class of relevant   description         Number of          Exercise price
security                                  securities          per unit
                     e.g. call option

(d) Other dealings (including subscribing for new securities)

                    Nature of dealing
Class of relevant                      Details  Price per unit (if
security            e.g. subscription,             applicable)
                    conversion

The currency of all prices and other monetary amounts should be stated.

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.

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:

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:                                   21 May 2013
Contact name:                                         Rajesh Muthanna
Telephone number:                                     020 3555 4634

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
monitoring@disclosure.org.uk. 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.

Contact:

BARCLAYS PLC
 
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