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Form 38.5(b) - Willis Towers Watson PLC- Amendment
RNS
RNS Number : 9773C
Goldman Sachs & Co. LLC
22 October 2020
Amendment - due to the amendment of Equity transactions, the disclosure made on 16 October for dealings on 15 October has been updated. Sections 2(a) and 3(a) have been updated.
FORM 38.5(b)
IRISH TAKEOVER PANEL
DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013
DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RECOGNISED INTERMEDIARY STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY
1. KEY INFORMATION
Name of exempt principal trader
GOLDMAN SACHS & CO. LLC
Company dealt in
WILLIS TOWERS WATSON PLC
Class of relevant security to which the dealings being disclosed relate (Note1)
USD 0.000304635 ordinary shares
Date of dealing
15 October 2020
2. INTERESTS AND SHORT POSITIONS
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2)
Long
Short
Number
(%)
Number
(%)
(1) Relevant securities
535,986.912
(0.41)
303,501.912
(0.23)
(2) Derivatives (other than options)
50,876
(0.03)
378,127
(0.29)
(3) Options and agreements to purchase/sell
0
(0.00)
0
(0.00)
Total
586,862.912
(0.45)
681,628.912
(0.52)
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)
Class of relevant security:
Long
Short
Number
(%)
Number
(%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total
3. DEALINGS (Note 3)
(a) Purchases and sales
Purchase/sale
Number of relevant securities
Price per unit (Note 4)
Purchase
17
216.3900 USD
Purchase
83
216.4700 USD
Purchase
100
216.4700 USD
Purchase
100
216.4800 USD
Purchase
200
216.5100 USD
Purchase
100
216.5300 USD
Purchase
100
216.5400 USD
Purchase
39
216.5400 USD
Purchase
60
216.5400 USD
Purchase
200
216.5400 USD
Purchase
163
216.5400 USD
Purchase
1
216.5400 USD
Purchase
100
216.5500 USD
Purchase
100
216.5500 USD
Purchase
100
216.5600 USD
Purchase
72
216.6200 USD
Purchase
1,463
216.6200 USD
Purchase
1,155
216.6200 USD
Purchase
26
216.6200 USD
Purchase
3,638
216.6200 USD
Purchase
7
216.6200 USD
Purchase
202
216.6200 USD
Purchase
849
216.6200 USD
Sale
33
215.7700 USD
Sale
22
215.7900 USD
Sale
586
216.6200 USD
Sale
7
216.6200 USD
Sale (Loan Adjust)
10
N/A
Sale (Loan Adjust)
117
N/A
Purchase (Loan Partial Return)
117
N/A
(b) Derivatives transactions (other than options transactions)
Product name, e.g. CFD
Nature of transaction (Note 5)
Number of relevant securities (Note 6)
Price per unit (Note 4)
SWAP
Reducing a short position
55
215.7780 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 4)
(ii) Exercising
Product name,e.g. call option
Number of securities
Exercise price per unit (Note 4)
(d) Other dealings (including transactions in respect of new securities) (Note 3)
Nature of transaction (Note 7)
Details
Price per unit (if applicable) (Note 4)
4. 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 attached? (Note 9) YES
Date of disclosure
22 October 2020
Contact name
Kashif Rafiq and Papa Lette
Telephone number
+44(20) 7051 0547 / +44(20) 7774 7442
Name of offeree/offeror with which connected
WILLIS TOWERS WATSON PLC
Nature of connection (Note 9)
Advisor to Offeree
SUPPLEMENTAL FORM 38.5(b)
IRISH TAKEOVER PANEL
DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013
DETAILS OF OPEN POSITIONS
OPEN POSITIONS (Note 1)
Product name,e.g. call option
Written or purchased
Number of relevant securities to which the option or derivative relates
Exercise price (Note 2)
Type, e.g. American, European etc.
Expiry date
Swap
Sold
185
0.0000
N/A
23/09/2021
Swap
Sold
273
0.0000
N/A
04/01/2021
Swap
Sold
44,335
0.0000
N/A
14/04/2021
Swap
Sold
69,482
0.0000
N/A
14/04/2021
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 Rules 8 and 38.5 of the Rules. If in doubt, consult the Panel.
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