On 2 December 2025, pursuant to the Hong Kong Code on Takeovers and Mergers, the Executive received a disclosure of dealings related to the proposed privatisation of ANE (Cayman) Inc. by way of a scheme of arrangement. The filing covers derivatives transactions executed on 1 December 2025 by J.P. Morgan Securities PLC, a Class (5) associate connected with the Offeror.
According to the disclosure, J.P. Morgan Securities PLC closed out a derivative contract involving 17,500 reference securities, with a maturity date of 29 December 2025. The reference price was reported at US$11.6738, and the total amount paid was US$204,291.50. Following this transaction, the resultant balance of relevant securities was 7,433,944. Dealings were made on J.P. Morgan Securities PLC’s own account, and the entity is ultimately owned by JPMorgan Chase & Co.
Comments