J.P. Morgan Securities LLC Dealing Disclosure-XL Group Plc (1760L)

TIDMCGL

RNS Number : 1760L

J.P. Morgan Securities LLC

23 April 2015

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                             J.P. Morgan Securities LLC 
--------------------------------------------------------------------------------------  ------------------------------ 
 (b) Owner or controller of interests and short positions disclosed, if different from   N/A 
 1(a): 
 The naming of nominee or vehicle companies is insufficient. For a trust, the 
 trustee(s), 
 settlor and beneficiaries must be named. 
--------------------------------------------------------------------------------------  ------------------------------ 
 (c) Name of offeror/offeree in relation to whose relevant securities this form          XL Group Plc 
 relates: 
 Use a separate form for each offeror/offeree 
--------------------------------------------------------------------------------------  ------------------------------ 
 (d) Status of person making the disclosure:                                             Connected to Catlin Group Ltd 
 e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify 
 name of 
 offeror/offeree) 
--------------------------------------------------------------------------------------  ------------------------------ 
 (e) Date dealing undertaken:                                                            22 April 2015 
--------------------------------------------------------------------------------------  ------------------------------ 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in    Yes 
 respect                                                                                  Catlin Group Ltd 
 of any other party to the offer? 
 If it is a cash offer or possible cash offer, state "N/A" 
--------------------------------------------------------------------------------------  ------------------------------ 
 
   2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE 

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(c), 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

 
 Class of relevant security:                                                                   Common Stock 
---------------------------------------------------------------------------------  ----------------------------------- 
                                                                                      Interests       Short positions 
---------------------------------------------------------------------------------  ---------------  ------------------ 
                                                                                    Number     %      Number       % 
---------------------------------------------------------------------------------  --------  -----  ----------  ------ 
 (1) Relevant securities owned and/or controlled:                                   303,646   0.12    151,245    0.06 
---------------------------------------------------------------------------------  --------  -----  ----------  ------ 
 (2) Cash-settled derivatives: 
---------------------------------------------------------------------------------  --------  -----  ----------  ------ 
 (3) Stock-settled derivatives (including options) and agreements to 
 purchase/sell: 
---------------------------------------------------------------------------------  --------  -----  ----------  ------ 
 
   TOTAL:                                                                           303,646   0.12    151,245    0.06 
---------------------------------------------------------------------------------  --------  -----  ----------  ------ 
 

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   (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 BY THE PERSON MAKING THE DISCLOSURE 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 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

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

 
 Class of relevant security   Purchase/sale   Number of securities   Price per unit 
---------------------------  --------------  ---------------------  --------------- 
 
 

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

 
   Class of relevant      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
                                                                               (USD)                    (USD) 
-----------------------  -----------------  ------------------------  -----------------------  ----------------------- 
      Common Stock           Purchases               35,060                   37.1100                  37.1100 
 
                                Sales                 61,343                   37.2700                  36.8700 
-----------------------  -----------------  ------------------------  -----------------------  ----------------------- 
 
   (b)        Cash-settled derivative transactions 
 
   Class of relevant      Product description     Nature of dealing       Number of reference     Price per unit (USD) 
        security                e.g. CFD        e.g. opening/closing a         securities 
                                                 long/short position, 
                                                increasing/reducing a 
                                                 long/short position 
-----------------------  --------------------  -----------------------  -----------------------  --------------------- 
 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option                        European                       unit 
                                                relates                          etc. 
-------------  -------------  -------------  -------------  --------------  -------------  ------------  ------------- 
 
 
   (ii)        Exercise 
 
   Class of relevant      Product description   Exercising/ exercised    Number of securities     Exercise price per 
        security            e.g. call option           against                                           unit 
-----------------------  --------------------  -----------------------  ---------------------  ----------------------- 
 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security         Nature of dealing          Details   Price per unit (if applicable) 
                               e.g. subscription, conversion 
---------------------------  -------------------------------  --------  ------------------------------- 
 
 
   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 party to the offer or person acting in concert making the 
  disclosure and any other person: 
  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 party 
  to the offer or person acting in concert 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 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   No 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              No 
-------------------------------------  --- 
 
 
 Date of disclosure:    23 April 2015 
---------------------  --------------- 
 Contact name:          Jasper Niesing 
---------------------  --------------- 
 Telephone number:      020 7742 4613 
---------------------  --------------- 
 

Catlin is a Bermudian entity and is therefore not subject to the City Code. Shareholders of Catlin and others dealing are therefore not obliged to disclose any of their dealings under the provisions of the City Code. However, market participants are requested to make disclosures as if the City Code applied and as if Catlin were in an "offer period".

Accordingly, public disclosures consistent with the provisions of Rule 8 of the City Code should be released directly through a Regulatory Information Service and should not be emailed to the Takeover Panel.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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