J.P. Morgan Securities LLC AbbVie Inc. 38.5b AMENDMENT

Date : 26/03/2020 @ 11:00
Source : UK Regulatory (RNS & others)

J.P. Morgan Securities LLC AbbVie Inc. 38.5b AMENDMENT

TIDMTTM

RNS Number : 7097H

J.P. Morgan Securities LLC

26 March 2020

Ap27

AMMENT

   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    J.P Morgan Securities LLC 
 trader 
Company dealt in            AbbVie Inc. 
                            ========================= 
Class of relevant security  Common stock 
 to which the dealings 
 being disclosed relate 
 (Note 1) 
                            ========================= 
Date of dealing             24 March 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       (%) 
                             =========  ======  ===========  ====== 
                              13,778,419         4,604,155 
(1) Relevant securities        0.93               0.31 
                             =================  =================== 
(2) Derivatives (other                           2,768,342 
 than options)                3,991,783 0.27      0.19 
                             =================  =================== 
(3) Options and agreements 
 to purchase/sell             721,400 0.05       848,400 0.06 
                             =================  =================== 
                              18,491,602         8,220,897 
Total                          1.25               0.56 
                             =================  =================== 
 
 

(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 
                             ===================  ===================== 
 
 

Ap28

   3.       DEALINGS  (Note   3) 
   (a)      Purchases and sales 
 
 Purchase/sale         Number of relevant securities       Price per unit 
                                                              (Note 4) 
Purchase (New                 783,400                         NA 
    Borrow) 
                                 20                       67.3000 USD 
   Purchases                     300                      67.3767 USD 
                                1,677                     67.3800 USD 
                                 572                      67.4900 USD 
                                 100                      67.5000 USD 
                                 700                      67.5157 USD 
                                 17                       67.5653 USD 
                                 134                      67.5695 USD 
                                5,449                     67.6373 USD 
                                 600                      67.7092 USD 
                                  4                       67.7400 USD 
                                 800                      67.8150 USD 
                               14,050                     67.8389 USD 
                                 151                      67.8949 USD 
                                 500                      67.9620 USD 
                                 400                      67.9900 USD 
                                 22                       68.0000 USD 
                                 100                      68.0300 USD 
                                 13                       68.0369 USD 
                                 101                      68.0600 USD 
                                 100                      68.0700 USD 
                                 409                      68.1582 USD 
                                 25                       68.1800 USD 
                                1,953                     68.1847 USD 
                                 100                      68.1900 USD 
                                 40                       68.2100 USD 
                                 100                      68.2200 USD 
                                  3                       68.2233 USD 
                                 100                      68.2300 USD 
                                 237                      68.2500 USD 
                                 100                      68.2700 USD 
                                 100                      68.2800 USD 
                                 173                      68.2880 USD 
                                  1                       68.3900 USD 
                                 92                       68.4000 USD 
                                2,440                     68.4046 USD 
                                3,873                     68.4171 USD 
                                  7                       68.4471 USD 
                                  4                       68.4575 USD 
                                 300                      68.5883 USD 
                                2,237                     68.5885 USD 
                                  2                       68.7050 USD 
                                 10                       68.7100 USD 
                                  3                       68.7367 USD 
                                  1                       68.7600 USD 
                                 808                      68.7890 USD 
                                  1                       68.8300 USD 
                                 563                      68.8682 USD 
                                  1                       68.9300 USD 
                                 153                      68.9846 USD 
                                4,249                     69.0504 USD 
                                 156                      69.0585 USD 
                               25,980                     69.0851 USD 
                                 34                       69.1000 USD 
                                 100                      69.1650 USD 
                                  1                       69.2200 USD 
                                 173                      69.2300 USD 
                                  9                       69.2400 USD 
                                4,571                     69.2424 USD 
                                 100                      69.2500 USD 
                                1,014                     69.2792 USD 
                                  1                       69.3100 USD 
                                  1                       69.3200 USD 
                                 82                       69.3300 USD 
                                  1                       69.3500 USD 
                                  2                       69.4350 USD 
                                1,074                     69.4361 USD 
                                 30                       69.5200 USD 
                                  1                       69.6000 USD 
                                 324                      69.6007 USD 
                                  5                       69.6080 USD 
                                  1                       69.6300 USD 
                                 475                      69.6457 USD 
                                 107                      69.6735 USD 
                                 141                      69.7000 USD 
                                  4                       69.7075 USD 
                                 88                       69.7100 USD 
                                 54                       69.7174 USD 
                                 518                      69.7453 USD 
                                 538                      69.7731 USD 
                                2,978                     69.8092 USD 
                                 50                       69.8100 USD 
                                 555                      69.8213 USD 
                                  4                       69.8225 USD 
                                 100                      69.8300 USD 
                                 200                      69.8500 USD 
                                 435                      69.8529 USD 
                                 90                       69.8550 USD 
                                 99                       69.8900 USD 
                                 21                       69.9405 USD 
                                 80                       69.9700 USD 
                                 287                      70.0007 USD 
                                 72                       70.0100 USD 
                                 262                      70.0458 USD 
                                  8                       70.1175 USD 
                                  4                       70.2475 USD 
                                  1                       70.3000 USD 
                                 28                       70.3100 USD 
                                 26                       70.6288 USD 
                                 12                       70.6642 USD 
                               14,421                     70.6742 USD 
                                  9                       70.9333 USD 
                                  5                       71.1940 USD 
                                  1                       71.3200 USD 
                                 13                       71.4800 USD 
                                  1                       71.5000 USD 
 
                                 100                      67.4400 USD 
     Sales                       900                      67.4556 USD 
                               111,583                    67.4900 USD 
                                 200                      67.5180 USD 
                                 79                       67.5300 USD 
                                 100                      67.5332 USD 
                                 100                      67.5400 USD 
                                2,885                     67.5461 USD 
                                 134                      67.5695 USD 
                                 86                       67.7100 USD 
                                 455                      67.7587 USD 
                               14,050                     67.8389 USD 
                                 66                       67.9694 USD 
                                2,207                     68.0720 USD 
                               13,017                     68.1413 USD 
                                 72                       68.3100 USD 
                                 133                      68.3347 USD 
                                 100                      68.3500 USD 
                                 600                      68.4333 USD 
                                 20                       68.4700 USD 
                                 300                      68.6950 USD 
                                 400                      68.7200 USD 
                                 172                      68.7326 USD 
                                 33                       68.7872 USD 
                                 808                      68.7890 USD 
                                 50                       68.8166 USD 
                                2,108                     68.9114 USD 
                                 16                       69.0700 USD 
                               25,980                     69.0851 USD 
                                 136                      69.1062 USD 
                                 207                      69.1189 USD 
                                  9                       69.1417 USD 
                                  8                       69.1422 USD 
                                  6                       69.1586 USD 
                                 124                      69.1600 USD 
                                 233                      69.2300 USD 
                                  4                       69.2360 USD 
                                 396                      69.2455 USD 
                                 600                      69.3583 USD 
                                 60                       69.4600 USD 
                                  1                       69.5627 USD 
                                 324                      69.6007 USD 
                                  4                       69.6200 USD 
                                 50                       69.6299 USD 
                                  9                       69.6764 USD 
                                 538                      69.7731 USD 
                                 80                       69.8100 USD 
                                 50                       69.8102 USD 
                                2,386                     70.0273 USD 
                                 400                      70.1750 USD 
                                 100                      70.2300 USD 
                                1,336                     70.2440 USD 
                                 610                      70.2823 USD 
                                 100                      70.3154 USD 
                               14,421                     70.6742 USD 
                                 406                      70.8015 USD 
                                1,761                     70.8096 USD 
                                 30                       70.8267 USD 
                                 18                       70.8300 USD 
                                2,042                     70.8815 USD 
                                3,653                     70.8999 USD 
                                 18                       70.9522 USD 
                                 100                      71.1800 USD 
                                1,331                     71.2659 USD 
                                 396                      71.4233 USD 
                ====================================  =================== 
 
   (b)      Derivatives transactions (other than options transactions) 
 
   Product     Nature of transaction   Number of relevant   Price per 
    name,                                  securities          unit 
   e.g. CFD           (Note 5)              (Note 6)          (USD) 
                                                             (Note 4) 
Equity Swaps           Long                 33,000          67.4900 
                                              808            68.7890 
                                              538            69.7731 
                                             14,421          70.6742 
 
                       Short                  134            67.5695 
                                             14,050          67.8389 
                                             25,980          69.0851 
                                              324            69.6007 
              ======================  ===================  ========== 
 
   (c)      Options transactions in respect of existing relevant securities 
   (i)       Writing,   selling, purchasing or varying 
 
  Product       Writing,       Number of      Exercise        Type,       Expiry          Option 
    name,       selling,       securities       price     e.g. American,   date     money paid/received 
  e.g. call    purchasing,      to which                     European                    per unit 
   option        varying       the option                      etc.                      (Note 4) 
                  etc.        relates (Note 
                                   7) 
 
 
   (ii)      Exercising 
 
 Product name,             Number of securities       Exercise price 
  e.g. call option                                     per unit (Note 
                                                       4) 
 
 

(d) Other dealings (including transactions in respect of new securities) (Note 3)

 
 Nature of transaction         Details       Price per unit 
  (Note 7)                                    (if applicable) 
                                              (Note 4) 
 
 

Ap29

   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. 
   Is a Supplemental Form 38.5(b) attached?  (Note   8)                      YES 
 
Date of disclosure           26 March 2020 
Contact name                 Alwyn Basch 
                             ============================= 
Telephone number             020 7742 7407 
                             ============================= 
Name of offeree/offeror      Allergan plc 
 with which connected 
                             ============================= 
Nature of connection (Note   Financial Advisor to Allergan 
 9)                           plc 
                             ============================= 
 

Ap31

   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 
   (This   form   should   be   attached   to   Form   38.5(b))   OPEN POSITIONS  (Note   1) 
 
   Product        Written        Number of      Exercise   Type, e.g.    Expiry 
    name,       or purchased      relevant        price     American,     date 
  e.g. call                      securities       (Note     European 
    option                        to which         2)         etc. 
                                 the option 
                                or derivative 
                                   relates 
Call Option     Purchased         10,000        105.00     American    19JUN20 
 Call Option     Purchased         6,100         110.00     American    19JUN20 
 Call Option     Purchased         41,200        85.00      American    19JUN20 
 Call Option     Purchased         8,400         92.50      American    19JUN20 
 Call Option     Purchased         11,200        95.00      American    19JUN20 
 Call Option     Purchased         7,200         100.00     American    19JUN20 
 Call Option     Purchased         21,100        80.00      American    19JUN20 
 Call Option     Purchased         2,500         87.50      American    19JUN20 
 Call Option     Purchased         7,900         90.00      American    19JUN20 
 Call Option     Purchased         5,600         97.50      American    19JUN20 
 Call Option     Purchased         2,500         115.00     American    19JUN20 
 Call Option     Purchased         10,000        67.50      American    17APR20 
 Call Option     Purchased         8,500         105.00     American    15JAN21 
 Call Option     Purchased         10,000        110.00     American    15JAN21 
 Call Option     Purchased        100,000        70.00      American    15JAN21 
 Call Option     Purchased         50,000        92.50      American    15JAN21 
 Call Option     Purchased         15,000        91.57      American    15JAN21 
 Call Option     Purchased         15,000        95.93      American    15JAN21 
 Call Option     Purchased         7,900         95.00      American    18SEP20 
 Call Option     Purchased         9,500         100.00     American    18SEP20 
 Call Option      Written          8,500         105.00     American    19JUN20 
 Call Option      Written          6,100         110.00     American    19JUN20 
 Call Option      Written          18,200        85.00      American    19JUN20 
 Call Option      Written          8,400         92.50      American    19JUN20 
 Call Option      Written          11,200        95.00      American    19JUN20 
 Call Option      Written          7,200         100.00     American    19JUN20 
 Call Option      Written          21,100        80.00      American    19JUN20 
 Call Option      Written          2,500         87.50      American    19JUN20 
 Call Option      Written          4,500         90.00      American    19JUN20 
 Call Option      Written          5,600         97.50      American    19JUN20 
 Call Option      Written          2,500         115.00     American    19JUN20 
 Call Option      Written          20,000        82.50      American    15JAN21 
 Call Option      Written          15,000        91.57      American    15JAN21 
 Call Option      Written          15,000        95.93      American    15JAN21 
 Put Option      Purchased        102,500        60.00      American    19JUN20 
 Put Option      Purchased         4,400         67.50      American    19JUN20 
 Put Option      Purchased         31,300        65.00      American    19JUN20 
 Put Option      Purchased         32,300        70.00      American    19JUN20 
 Put Option      Purchased         16,400        75.00      American    19JUN20 
 Put Option      Purchased         85,400        77.50      American    19JUN20 
 Put Option      Purchased          900          85.00      American    19JUN20 
 Put Option      Purchased         7,000         72.50      American    19JUN20 
 Put Option      Purchased         45,000        80.00      American    19JUN20 
 Put Option      Purchased         29,100        55.00      American    19JUN20 
 Put Option      Purchased         10,000        60.00      American    17APR20 
 Put Option      Purchased         9,700         60.00      American    15JAN21 
 Put Option      Purchased          600          67.50      American    15JAN21 
 Put Option      Purchased         4,900         65.00      American    15JAN21 
 Put Option      Purchased         12,100        70.00      American    15JAN21 
 Put Option      Purchased         12,100        75.00      American    15JAN21 
 Put Option      Purchased          800          77.50      American    15JAN21 
 Put Option      Purchased        140,000        82.50      American    15JAN21 
 Put Option      Purchased         5,100         62.50      American    15JAN21 
 Put Option      Purchased         3,000         72.50      American    15JAN21 
 Put Option      Purchased         20,000        80.00      American    15JAN21 
 Put Option      Purchased         15,000        78.49      American    15JAN21 
 Put Option      Purchased         15,000        82.85      American    15JAN21 
 Put Option      Purchased        100,000        78.50      American    24APR20 
 Put Option       Written         102,500        60.00      American    19JUN20 
 Put Option       Written          4,400         67.50      American    19JUN20 
 Put Option       Written          31,300        65.00      American    19JUN20 
 Put Option       Written          32,300        70.00      American    19JUN20 
 Put Option       Written          11,400        75.00      American    19JUN20 
 Put Option       Written          8,900         77.50      American    19JUN20 
 Put Option       Written          1,900         72.50      American    19JUN20 
 Put Option       Written          29,100        55.00      American    19JUN20 
 Put Option       Written          20,000        60.00      American    15JAN21 
 Put Option       Written         100,000        70.00      American    15JAN21 
 Put Option       Written          15,000        78.49      American    15JAN21 
 Put Option       Written          15,000        82.85      American    15JAN21 
              ==============  ===============  =========  ===========  ======== 
 

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  disclosur e   requirements,  see Rules 8 and 

38.5 of the Rules. If in doubt, consult the Panel.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 26, 2020 07:00 ET (11:00 GMT)

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