TIDMTTM

RNS Number : 6225D

Bank of America Merrill Lynch

20 February 2020

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 RECOGNIZED INTERMEDIARY

STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

 
1.  KEY INFORMATION 
 
 
 Name of exempt principal trader             BofA Securities, Inc. 
 Company dealt in                            AbbVie Inc 
                                            ---------------------- 
 Class of relevant security to which the     Common - US00287Y1091 
   dealings being disclosed relate(Note 1) 
                                            ---------------------- 
 Date of dealing                             19/02/2020 
                                            ---------------------- 
 
 
2.  INTERESTS AND SHORT POSITIONS 
 
 
(a)  Interests and short positions (following dealing) 
      in the class of relevant security 
      dealt in (Note 2) 
 
 
 Class of relevant security: Common               US00287Y1091 
                                                  Long                 Short 
                                                 -------------------  ------------------- 
                                                  Number      %        Number      % 
                                                 ----------  -------  ----------  ------- 
 (1)  Relevant securities                         139,865     0.009%   2,808,099   0.19 % 
                                                 ----------  -------  ----------  ------- 
 (2)  Derivatives (other than options):           2,064,892   0.14%    145,319     0.01% 
                                                 ----------  -------  ----------  ------- 
 (3)  Options and agreements to purchase/sell:    46,900      0.003%   47,000      0.003% 
                                                 ----------  -------  ----------  ------- 
      Total                                       2,251,657   0.152%   3,000,418   0.203% 
                                                 ----------  -------  ----------  ------- 
 
 
(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                         0        0%   0        0% 
                                                 -------  ---  -------  --- 
 (2)  Derivatives (other than options):           0        0%   0        0% 
                                                 -------  ---  -------  --- 
 (3)  Options and agreements to purchase/sell:    0        0%   0        0% 
                                                 -------  ---  -------  --- 
      Total                                       0        0%   0        0% 
                                                 -------  ---  -------  --- 
 
 
3.  DEALINGS (Note 3) 
 
 
(a)  Purchases and sales 
 
 
 Purchase/sale   Number of relevant securities   Price per unit (Note 4) 
   Purchase                   15,614                    94.14 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   93.07 USD 
                ------------------------------  ------------------------ 
    Purchase                        4                   93.08 USD 
                ------------------------------  ------------------------ 
    Purchase                        2                   93.09 USD 
                ------------------------------  ------------------------ 
    Purchase                       10                   93.11 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.12 USD 
                ------------------------------  ------------------------ 
    Purchase                        2                   93.13 USD 
                ------------------------------  ------------------------ 
    Purchase                        7                    93.2 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.21 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.22 USD 
                ------------------------------  ------------------------ 
    Purchase                        2                   93.26 USD 
                ------------------------------  ------------------------ 
    Purchase                        4                   93.27 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.29 USD 
                ------------------------------  ------------------------ 
    Purchase                        6                   93.31 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.33 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   93.35 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.38 USD 
                ------------------------------  ------------------------ 
    Purchase                       10                   93.41 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   93.42 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   93.43 USD 
                ------------------------------  ------------------------ 
    Purchase                        2                   93.44 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   93.45 USD 
                ------------------------------  ------------------------ 
    Purchase                       12                   93.46 USD 
                ------------------------------  ------------------------ 
    Purchase                       17                   93.47 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   93.475 USD 
                ------------------------------  ------------------------ 
    Purchase                       10                   93.48 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.49 USD 
                ------------------------------  ------------------------ 
    Purchase                        7                    93.5 USD 
                ------------------------------  ------------------------ 
    Purchase                       11                   93.51 USD 
                ------------------------------  ------------------------ 
    Purchase                   1,546                    93.513 USD 
                ------------------------------  ------------------------ 
    Purchase                        4                   93.515 USD 
                ------------------------------  ------------------------ 
    Purchase                        4                   93.52 USD 
                ------------------------------  ------------------------ 
    Purchase                       10                   93.53 USD 
                ------------------------------  ------------------------ 
    Purchase                        7                   93.54 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.55 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   93.56 USD 
                ------------------------------  ------------------------ 
    Purchase                       28                   93.57 USD 
                ------------------------------  ------------------------ 
    Purchase                       29                   93.58 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   93.59 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                    93.6 USD 
                ------------------------------  ------------------------ 
    Purchase                       22                   93.61 USD 
                ------------------------------  ------------------------ 
    Purchase                       51                   93.62 USD 
                ------------------------------  ------------------------ 
    Purchase                        8                   93.63 USD 
                ------------------------------  ------------------------ 
    Purchase                        4                   93.635 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   93.64 USD 
                ------------------------------  ------------------------ 
    Purchase                     152                    93.65 USD 
                ------------------------------  ------------------------ 
    Purchase                        2                   93.655 USD 
                ------------------------------  ------------------------ 
    Purchase                        6                   93.66 USD 
                ------------------------------  ------------------------ 
    Purchase                        8                   93.67 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.675 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   93.68 USD 
                ------------------------------  ------------------------ 
    Purchase                       33                   93.69 USD 
                ------------------------------  ------------------------ 
    Purchase                       24                   93.72 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   93.73 USD 
                ------------------------------  ------------------------ 
    Purchase                       10                   93.74 USD 
                ------------------------------  ------------------------ 
    Purchase                       36                   93.75 USD 
                ------------------------------  ------------------------ 
    Purchase                        2                   93.76 USD 
                ------------------------------  ------------------------ 
    Purchase                        8                   93.77 USD 
                ------------------------------  ------------------------ 
    Purchase                       25                   93.78 USD 
                ------------------------------  ------------------------ 
    Purchase                       26                   93.79 USD 
                ------------------------------  ------------------------ 
    Purchase                       54                    93.8 USD 
                ------------------------------  ------------------------ 
    Purchase                       31                   93.81 USD 
                ------------------------------  ------------------------ 
    Purchase                       30                   93.82 USD 
                ------------------------------  ------------------------ 
    Purchase                        4                   93.83 USD 
                ------------------------------  ------------------------ 
    Purchase                       45                   93.84 USD 
                ------------------------------  ------------------------ 
    Purchase                       60                   93.85 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   93.86 USD 
                ------------------------------  ------------------------ 
    Purchase                       14                   93.87 USD 
                ------------------------------  ------------------------ 
    Purchase                       15                   93.88 USD 
                ------------------------------  ------------------------ 
    Purchase                       34                    93.9 USD 
                ------------------------------  ------------------------ 
    Purchase                       32                   93.91 USD 
                ------------------------------  ------------------------ 
    Purchase                        6                   93.92 USD 
                ------------------------------  ------------------------ 
    Purchase                       50                   93.93 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   93.94 USD 
                ------------------------------  ------------------------ 
    Purchase                        8                   93.95 USD 
                ------------------------------  ------------------------ 
    Purchase                        6                   93.96 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   93.98 USD 
                ------------------------------  ------------------------ 
    Purchase                       15                   93.99 USD 
                ------------------------------  ------------------------ 
    Purchase                       10                   94.01 USD 
                ------------------------------  ------------------------ 
    Purchase                       30                   94.02 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   94.03 USD 
                ------------------------------  ------------------------ 
    Purchase                       30                   94.05 USD 
                ------------------------------  ------------------------ 
    Purchase                        4                   94.06 USD 
                ------------------------------  ------------------------ 
    Purchase                        9                   94.07 USD 
                ------------------------------  ------------------------ 
    Purchase                       40                    94.1 USD 
                ------------------------------  ------------------------ 
    Purchase                     618                    94.14 USD 
                ------------------------------  ------------------------ 
    Purchase                       22                   94.16 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   94.17 USD 
                ------------------------------  ------------------------ 
    Purchase                       30                   94.22 USD 
                ------------------------------  ------------------------ 
    Purchase                       25                   94.23 USD 
                ------------------------------  ------------------------ 
    Purchase                        7                   94.24 USD 
                ------------------------------  ------------------------ 
    Purchase                       54                   94.25 USD 
                ------------------------------  ------------------------ 
    Purchase                       28                   94.26 USD 
                ------------------------------  ------------------------ 
    Purchase                     107                    94.272 USD 
                ------------------------------  ------------------------ 
    Purchase                       15                   94.29 USD 
                ------------------------------  ------------------------ 
    Purchase                        5                   94.305 USD 
                ------------------------------  ------------------------ 
    Purchase                       24                   94.32 USD 
                ------------------------------  ------------------------ 
    Purchase                       22                   94.33 USD 
                ------------------------------  ------------------------ 
    Purchase                       24                   94.34 USD 
                ------------------------------  ------------------------ 
    Purchase                       30                   94.35 USD 
                ------------------------------  ------------------------ 
    Purchase                     215                    94.36 USD 
                ------------------------------  ------------------------ 
    Purchase                     150                    94.37 USD 
                ------------------------------  ------------------------ 
    Purchase                     154                    94.39 USD 
                ------------------------------  ------------------------ 
    Purchase                       41                    94.4 USD 
                ------------------------------  ------------------------ 
    Purchase                       67                   94.41 USD 
                ------------------------------  ------------------------ 
    Purchase                       30                   94.42 USD 
                ------------------------------  ------------------------ 
    Purchase                        8                   94.425 USD 
                ------------------------------  ------------------------ 
    Purchase                        2                   94.43 USD 
                ------------------------------  ------------------------ 
    Purchase                     215                    94.45 USD 
                ------------------------------  ------------------------ 
    Purchase                     102                    94.46 USD 
                ------------------------------  ------------------------ 
    Purchase                       26                   94.47 USD 
                ------------------------------  ------------------------ 
    Purchase                     200                     94.5 USD 
                ------------------------------  ------------------------ 
    Purchase                       10                   94.51 USD 
                ------------------------------  ------------------------ 
    Purchase                     141                    94.52 USD 
                ------------------------------  ------------------------ 
    Purchase                     302                    94.54 USD 
                ------------------------------  ------------------------ 
    Purchase                     100                    94.55 USD 
                ------------------------------  ------------------------ 
    Purchase                     115                    94.57 USD 
                ------------------------------  ------------------------ 
    Purchase                     100                    94.58 USD 
                ------------------------------  ------------------------ 
    Purchase                       27                   94.65 USD 
                ------------------------------  ------------------------ 
    Purchase                     124                    94.66 USD 
                ------------------------------  ------------------------ 
    Purchase                     100                    94.67 USD 
                ------------------------------  ------------------------ 
    Purchase                     100                    94.69 USD 
                ------------------------------  ------------------------ 
    Purchase                     154                     94.7 USD 
                ------------------------------  ------------------------ 
    Purchase                     200                    94.71 USD 
                ------------------------------  ------------------------ 
    Purchase                     103                    94.73 USD 
                ------------------------------  ------------------------ 
    Purchase                     200                    94.74 USD 
                ------------------------------  ------------------------ 
    Purchase                     100                    94.75 USD 
                ------------------------------  ------------------------ 
    Purchase                       22                   94.76 USD 
                ------------------------------  ------------------------ 
    Purchase                        3                   94.77 USD 
                ------------------------------  ------------------------ 
 
 
 Purchase/sale   Number of relevant securities   Price per unit (Note 4) 
     Sale                        167                    93.17 USD 
                ------------------------------  ------------------------ 
      Sale                       200                    93.23 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    93.27 USD 
                ------------------------------  ------------------------ 
      Sale                       223                     93.3 USD 
                ------------------------------  ------------------------ 
      Sale                       174                    93.31 USD 
                ------------------------------  ------------------------ 
      Sale                          1                   93.32 USD 
                ------------------------------  ------------------------ 
      Sale                       200                    93.33 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    93.34 USD 
                ------------------------------  ------------------------ 
      Sale                         41                   93.41 USD 
                ------------------------------  ------------------------ 
      Sale                       460                    93.46 USD 
                ------------------------------  ------------------------ 
      Sale                       189                    93.47 USD 
                ------------------------------  ------------------------ 
      Sale                          2                   93.48 USD 
                ------------------------------  ------------------------ 
      Sale                         10                   93.49 USD 
                ------------------------------  ------------------------ 
      Sale                       273                    93.51 USD 
                ------------------------------  ------------------------ 
      Sale                       301                    93.53 USD 
                ------------------------------  ------------------------ 
      Sale                          3                   93.54 USD 
                ------------------------------  ------------------------ 
      Sale                       187                    93.55 USD 
                ------------------------------  ------------------------ 
      Sale                       636                    93.56 USD 
                ------------------------------  ------------------------ 
      Sale                     1,119                    93.57 USD 
                ------------------------------  ------------------------ 
      Sale                     1,286                    93.58 USD 
                ------------------------------  ------------------------ 
      Sale                       383                    93.59 USD 
                ------------------------------  ------------------------ 
      Sale                         34                   93.591 USD 
                ------------------------------  ------------------------ 
      Sale                       686                     93.6 USD 
                ------------------------------  ------------------------ 
      Sale                       237                    93.61 USD 
                ------------------------------  ------------------------ 
      Sale                       151                    93.62 USD 
                ------------------------------  ------------------------ 
      Sale                       510                    93.63 USD 
                ------------------------------  ------------------------ 
      Sale                       880                    93.64 USD 
                ------------------------------  ------------------------ 
      Sale                       212                    93.65 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    93.66 USD 
                ------------------------------  ------------------------ 
      Sale                       200                    93.67 USD 
                ------------------------------  ------------------------ 
      Sale                       284                     93.7 USD 
                ------------------------------  ------------------------ 
      Sale                       200                    93.71 USD 
                ------------------------------  ------------------------ 
      Sale                       120                    93.72 USD 
                ------------------------------  ------------------------ 
      Sale                       856                    93.73 USD 
                ------------------------------  ------------------------ 
      Sale                         22                   93.94 USD 
                ------------------------------  ------------------------ 
      Sale                       173                    94.06 USD 
                ------------------------------  ------------------------ 
      Sale                         98                   94.065 USD 
                ------------------------------  ------------------------ 
      Sale                         24                   94.08 USD 
                ------------------------------  ------------------------ 
      Sale                       547                    94.09 USD 
                ------------------------------  ------------------------ 
      Sale                       301                     94.1 USD 
                ------------------------------  ------------------------ 
      Sale                       377                    94.11 USD 
                ------------------------------  ------------------------ 
      Sale                       557                    94.12 USD 
                ------------------------------  ------------------------ 
      Sale                     1,530                    94.13 USD 
                ------------------------------  ------------------------ 
      Sale                    26,127                    94.14 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    94.15 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    94.21 USD 
                ------------------------------  ------------------------ 
      Sale                       673                    94.22 USD 
                ------------------------------  ------------------------ 
      Sale                       328                    94.23 USD 
                ------------------------------  ------------------------ 
      Sale                     1,691                    94.24 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    94.25 USD 
                ------------------------------  ------------------------ 
      Sale                       519                    94.27 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    94.275 USD 
                ------------------------------  ------------------------ 
      Sale                       187                    94.28 USD 
                ------------------------------  ------------------------ 
      Sale                       273                    94.29 USD 
                ------------------------------  ------------------------ 
      Sale                       459                     94.3 USD 
                ------------------------------  ------------------------ 
      Sale                       100                    94.37 USD 
                ------------------------------  ------------------------ 
      Sale                       304                     94.4 USD 
                ------------------------------  ------------------------ 
      Sale                       199                    94.41 USD 
                ------------------------------  ------------------------ 
      Sale                       300                    94.42 USD 
                ------------------------------  ------------------------ 
      Sale                       200                    94.43 USD 
                ------------------------------  ------------------------ 
      Sale                     1,044                    94.44 USD 
                ------------------------------  ------------------------ 
      Sale                       866                    94.45 USD 
                ------------------------------  ------------------------ 
      Sale                       104                    94.49 USD 
                ------------------------------  ------------------------ 
      Sale                         36                    94.5 USD 
                ------------------------------  ------------------------ 
      Sale                         70                   94.51 USD 
                ------------------------------  ------------------------ 
      Sale                         13                   94.52 USD 
                ------------------------------  ------------------------ 
      Sale                       186                    94.53 USD 
                ------------------------------  ------------------------ 
      Sale                       119                    94.54 USD 
                ------------------------------  ------------------------ 
      Sale                       365                    94.55 USD 
                ------------------------------  ------------------------ 
      Sale                       173                    94.59 USD 
                ------------------------------  ------------------------ 
      Sale                       346                    94.62 USD 
                ------------------------------  ------------------------ 
      Sale                     3,768                    94.14 USD 
                ------------------------------  ------------------------ 
 
 
(b)  Derivatives transactions (other than options transactions) 
 
 
 Product name,   Nature of transaction         Number of relevant securities   Price per unit 
  e.g. CFD        (Note 5)                      (Note 6)                        (Note 4) 
     Swaps       Increasing a short position                89                   94.25 USD 
                ----------------------------  ------------------------------  --------------- 
     Swaps       Increasing a short position                18                   94.417 USD 
                ----------------------------  ------------------------------  --------------- 
     Swaps        Reducing a long position                  28                   93.57 USD 
                ----------------------------  ------------------------------  --------------- 
     Swaps       Increasing a long position                2,070                 94.14 USD 
                ----------------------------  ------------------------------  --------------- 
 
 
(c)  Options transactions in respect of existing relevant 
      securities 
 
 
(i)  Writing, selling, purchasing or varying 
 
 
  Product       Writing,       Number of      Exercise        Type,        Expiry date    Option money paid/ received 
    name,       selling,       securities       price     e.g. American,                       per unit (Note 4) 
  e.g. call    purchasing,      to which                     European 
   option        varying       the option                      etc 
                  etc.        relates (Note 
                                   7) 
    N/A           N/A             N/A           N/A            N/A             N/A                    N/A 
             -------------  ---------------  ---------  ----------------  ------------  ------------------------------ 
 
 
(ii)  Exercising 
 
 
  Product name,        Number of securities    Exercise price per 
   e.g. call option                             unit (Note 4) 
        N/A                    N/A                    N/A 
                     ----------------------  -------------------- 
 
 
(d)  Other dealings (including transactions in respect 
      of new securities) (Note 3) 
 
 
  Nature or transaction    Details    Price per unit 
   (Note 7)                            (if applicable) (Note 4) 
 
 N/A                      N/A                   N/A 
 
 
      OTHER INFORMATION 
  4. 
 

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 38.5(b) attached? (Note 8)  Yes 
 
 
 Date of disclosure                              20/02/2020 
 Contact name                                    Tolu Tade 
                                                ------------------------ 
 Telephone number                                +44207 996 3410 
                                                ------------------------ 
 Name of offeree/offeror with which connected    AbbVie Inc 
                                                ------------------------ 
 Nature of connection (Note 9)                   Advisor to - AbbVie Inc 
                                                ------------------------ 
 
   SUPPLEMENTAL   FORM   38.5(b) 
   DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH  TAKEOVER   PANEL ACT,  1997,  TAKEOVER  RULES, 2013 
   DETAILS   OF OPEN POSITIONS 
 
 Product        Written      Number of securities to           Exercise   Type,        Expiry 
  name,          or           which the option or derivative    price      e.g.         date 
  e.g.           purchased    relates                           (Note      American, 
  call option                                                   2)         European 
                                                                           etc 
 Call Option      Written                    7,500             105 USD     American    15/01/2021 
               -----------  --------------------------------  ---------  -----------  ----------- 
     Call 
     Option      Purchased                   7,400              85 USD     American    15/01/2021 
               -----------  --------------------------------  ---------  -----------  ----------- 
     Call 
     Option      Purchased                 39,500              95.5 USD    American    04/03/2020 
               -----------  --------------------------------  ---------  -----------  ----------- 
     Call 
     Option       Written                  39,500               90 USD     American    02/21/2020 
               -----------  --------------------------------  ---------  -----------  ----------- 
 

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END

ISEURRARRSUUUAR

(END) Dow Jones Newswires

February 20, 2020 06:07 ET (11:07 GMT)