Willis Towers Watson Public : HBK Investments LP - Form 8.3 - Willis Towers Watson Plc
October 26, 2020 at 11:26 am
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FORM 8.3
IRISH TAKEOVER PANEL
DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013
DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
KEY INFORMATION
Name of person dealing (Note 1)
HBK Investments L.P. on behalf of itself, its subadvisors and its managed funds
Company dealt in
Willis Towers Watson Plc
Class of relevant security to which the dealings being disclosed relate (Note 2)
US $0.000304635 Ordinary Shares
Date of dealing
23 October 2020
INTERESTS AND SHORT POSITIONS
Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)
Long
Short
Number
(%)
Number
(%)
(1) Relevant securities
100 (0.00%)
(2) Derivatives (other than options)
1,555,000 (1.20%)
(3) Options and agreements to purchase/sell
Total
1,550,100 (1.20%)
Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)
Class of relevant security:
Long
Short
Number
(%)
Number
(%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total
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DEALINGS (Note 4)
Purchases and sales
Purchase/sale
Number of relevant securities
Price per unit (Note 5)
Derivatives transactions (other than options transactions)
Product name,
e.g. CFD
Nature of transaction
(Note 6)
Number of relevant securities
(Note 7)
Price per unit
(Note 5)
Total Return Swap
Increasing long position
25,000
USD 209.5838
Options transactions in respect of existing relevant securities
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 5)
Exercising
Product name,
e.g. call option
Number of securities
Exercise price per unit (Note 5)
Other dealings (including transactions in respect of new securities) (Note 4)
Nature of transaction
(Note 8)
Details
Price per unit
(if applicable) (Note 5)
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2.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) No.
Date of disclosure
26 October 2020
Contact name
Jonathan Brown
Telephone number
+44 (0)20 7659 1906
If a connected EFM, name of offeree/offeror with which connected
If a connected EFM, state nature of connection (Note 10)
Willis Towers Watson Public Limited Company is a world leader in consulting, insurance brokerage and risk management software development. Revenues break down by activity as follows:
- human capital and social benefits consulting services (35.6%): consulting services in the organization, skills assessment, management and optimization of social benefits, compensation of executives and employees, etc. ;
- development of enterprise risk management solutions and services (31.9%): risk analysis, assessment consulting, effective risk management and anticipation services, design and development of software solutions for risk management. The group is also developing an insurance brokerage activity;
- risk/return balance management consulting services (17.7%): for investors, insurers and reinsurers. Additionally, the group offers insurance and reinsurance consulting services, financial management services, financing and investment strategies, as well as actuarial studies and expertise in mergers and acquisitions, etc., while developing software solutions for modeling and analysis of risks and financial activities;
- management and operation of a platform for the exchange and outsourcing of group health insurance plans and medical benefits (14.7%): allowing employees and retirees to choose the health coverage that meets their needs;
- other (0.1%).
Revenue is distributed geographically as follows: Ireland (1.7%), the United States (49.7%), the United Kingdom (20.5%) and other (28.1%).