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Intnl Distributions Services
BkofA Merrill Lynch - 20241112_INT DIST SERVICES_8.5 EPT NON-RI_BOFASE
13th November 2024, 11:20
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RNS Number : 1096M
Bank of America Merrill Lynch
13 November 2024
 

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:

BofA Securities Europe SA

(b)

Name of offeror/offeree in relation to whose
relevant securities this form relates:
 Use a separate form for each offeror/offeree

INTERNATIONAL DISTRIBUTION SERVICES PLC

(c)

Name of the party to the offer with which exempt principal trader is connected:

INTERNATIONAL DISTRIBUTION SERVICES PLC

(d)

Date position held/dealing undertaken:
 For an opening position disclosure, state the latest
practicable date prior to the disclosure

12/11/2024

(e)

In addition to the company in 1(b) above, is the
exempt principal trader making disclosures in
respect of any other party to the offer?
 If it is a cash offer or possible cash offer, state "N/A"

N/A

 

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:

1p ordinary


Interests

Short Positions

Number

%

Number

%

(1)

Relevant securities owned
and/or controlled:

28,119

0.003%

6,419

0.001 %

(2)

Cash-settled derivatives:

6,419

0.001%

0

0%

(3)

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

0

0%

0

0 %

TOTAL:

34,538

0.004%

6,419

0.001%

 

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:

N/A

Details, including nature of the rights
concerned and relevant percentages:

N/A

 

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 security

Purchases/
sales

Total number of securities

Highest price
per unit
paid/received

Lowest price
per unit
paid/received

1p ordinary

Purchase

28

3.406 GBP

3.406 GBP

1p ordinary

Sale

3,910

3.406 GBP

3.405 GBP

 

(b)

Cash-settled derivative transactions

Class of
relevant security

Product description
e.g. CFD

Nature of dealing
e.g. opening/closing a
long/short position, increasing/reducing a
long/short position

Number of reference securities

Price per unit

1p ordinary

Swaps - Equity Swaps

Increasing a Long Position

3,854

3.405 GBP

 

(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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)

Exercise

Class of relevant security

Product description
e.g. call option

Exercising/
exercised
against

Number of
securities

Exercise Price per
unit

N/A

N/A

N/A

N/A

N/A

 

(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)

N/A

N/A

N/A

N/A

 

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:

13/11/2024

Contact name:

Frank Lui

Telephone number:

+44207 996 6418

 

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.

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