14th Sep 2012 09:34
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley Securities Limited |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | BAE Systems Plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | BAE Systems Plc |
(d) Date dealing undertaken: | 12th September 2012 |
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | No
|
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
2.5 ordinary | PURCHASES | 19,103,010 | 3.6500 GBP | 3.2750 GBP |
2.5 ordinary | SALES | 13,011,565 | 3.6600 GBP | 3.2760 GBP |
2.5 ordinary | PURCHASES | 6,000 | 5.8389 USD | 5.8389 USD |
2.5 ordinary | SALES | 406,000 | 5.7301 USD | 5.5826 USD |
(b) Derivatives transactions (other than options)
Class of relevant security | Product description e.g CFD
| Nature of dealing e.g opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit
| |
2.5 ordinary | CFD | LONG | 1 | 23.4200 USD |
|
2.5 ordinary | CFD | SHORT | 49,500 | 23.5313 USD |
|
2.5 ordinary | CFD | LONG | 22,430 | 3.3734 GBP |
|
2.5 ordinary | CFD | LONG | 349 | 3.2907 GBP |
|
2.5 ordinary | CFD | LONG | 237 | 3.2928 GBP |
|
2.5 ordinary | CFD | LONG | 384 | 3.2930 GBP |
|
2.5 ordinary | CFD | LONG | 298,629 | 3.2970 GBP |
|
2.5 ordinary | CFD | LONG | 2,788 | 3.3000 GBP |
|
2.5 ordinary | CFD | LONG | 4 | 3.3040 GBP |
|
2.5 ordinary | CFD | LONG | 1,874 | 3.3040 GBP |
|
2.5 ordinary | CFD | LONG | 627 | 3.3040 GBP |
|
2.5 ordinary | CFD | LONG | 11,970 | 3.4741 GBP |
|
2.5 ordinary | CFD | LONG | 312,200 | 3.5312 GBP |
|
2.5 ordinary | CFD | LONG | 150,743 | 3.5312 GBP |
|
2.5 ordinary | CFD | LONG | 4,543 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 176,884 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 176,884 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 4,543 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 3,659 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 142,470 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 33,211 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 26,749 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 33,211 | 3.5434 GBP |
|
2.5 ordinary | CFD | LONG | 15,390 | 3.5562 GBP |
|
2.5 ordinary | CFD | LONG | 282,899 | 3.5887 GBP |
|
2.5 ordinary | CFD | LONG | 31,867 | 3.5887 GBP |
|
2.5 ordinary | CFD | LONG | 294,627 | 3.5904 GBP |
|
2.5 ordinary | CFD | LONG | 27,503 | 3.5904 GBP |
|
2.5 ordinary | CFD | LONG | 10,000 | 3.5996 GBP |
|
2.5 ordinary | CFD | LONG | 15,972 | 3.6005 GBP |
|
2.5 ordinary | CFD | LONG | 17,378 | 3.6010 GBP |
|
2.5 ordinary | CFD | LONG | 23,812 | 3.6036 GBP |
|
2.5 ordinary | CFD | LONG | 147,704 | 3.6036 GBP |
|
2.5 ordinary | CFD | LONG | 39,812 | 3.6064 GBP |
|
2.5 ordinary | CFD | LONG | 7,589 | 3.6124 GBP |
|
2.5 ordinary | CFD | LONG | 126,336 | 3.6360 GBP |
|
2.5 ordinary | CFD | LONG | 11,510 | 3.6360 GBP |
|
2.5 ordinary | CFD | LONG | 32,000 | 3.6360 GBP |
|
2.5 ordinary | CFD | LONG | 8,421 | 3.6360 GBP |
|
2.5 ordinary | CFD | LONG | 141,617 | 3.6360 GBP |
|
2.5 ordinary | CFD | SHORT | 5,511 | 3.2861 GBP |
|
2.5 ordinary | CFD | SHORT | 260 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 253 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 3,414 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 3,546 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 15,500 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 15,500 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 1,140 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 2,653 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 201 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 2,653 | 3.2902 GBP |
|
2.5 ordinary | CFD | SHORT | 242 | 3.2930 GBP |
|
2.5 ordinary | CFD | SHORT | 772 | 3.2930 GBP |
|
2.5 ordinary | CFD | SHORT | 2,788 | 3.2949 GBP |
|
2.5 ordinary | CFD | SHORT | 6,507 | 3.2966 GBP |
|
2.5 ordinary | CFD | SHORT | 1 | 3.2980 GBP |
|
2.5 ordinary | CFD | SHORT | 11,559 | 3.2999 GBP |
|
2.5 ordinary | CFD | SHORT | 23,300 | 3.3625 GBP |
|
2.5 ordinary | CFD | SHORT | 12,682 | 3.4223 GBP |
|
2.5 ordinary | CFD | SHORT | 610 | 3.4223 GBP |
|
2.5 ordinary | CFD | SHORT | 150,000 | 3.5117 GBP |
|
2.5 ordinary | CFD | SHORT | 52,700 | 3.5117 GBP |
|
2.5 ordinary | CFD | SHORT | 3,838 | 3.5230 GBP |
|
2.5 ordinary | CFD | SHORT | 11,511 | 3.5230 GBP |
|
2.5 ordinary | CFD | SHORT | 56,640 | 3.5233 GBP |
|
2.5 ordinary | CFD | SHORT | 48,479 | 3.5282 GBP |
|
2.5 ordinary | CFD | SHORT | 43,855 | 3.5386 GBP |
|
2.5 ordinary | CFD | SHORT | 6,145 | 3.5386 GBP |
|
2.5 ordinary | CFD | SHORT | 1,500,000 | 3.5545 GBP |
|
2.5 ordinary | CFD | SHORT | 6,962 | 3.5628 GBP |
|
2.5 ordinary | CFD | SHORT | 20,504 | 3.5778 GBP |
|
2.5 ordinary | CFD | SHORT | 2,805 | 3.5778 GBP |
|
2.5 ordinary | CFD | SHORT | 109,206 | 3.5778 GBP |
|
2.5 ordinary | CFD | SHORT | 854,000 | 3.5833 GBP |
|
2.5 ordinary | CFD | SHORT | 600,000 | 3.5849 GBP |
|
2.5 ordinary | CFD | SHORT | 22,086 | 3.5905 GBP |
|
2.5 ordinary | CFD | SHORT | 59,714 | 3.5905 GBP |
|
2.5 ordinary | CFD | SHORT | 87,650 | 3.5952 GBP |
|
2.5 ordinary | CFD | SHORT | 12,350 | 3.5952 GBP |
|
2.5 ordinary | CFD | SHORT | 23,812 | 3.5959 GBP |
|
2.5 ordinary | CFD | SHORT | 10,000 | 3.5994 GBP |
|
2.5 ordinary | CFD | SHORT | 5,250 | 3.6015 GBP |
|
2.5 ordinary | CFD | SHORT | 44,625 | 3.6058 GBP |
|
2.5 ordinary | CFD | SHORT | 175,000 | 3.6172 GBP |
|
2.5 ordinary | CFD | SHORT | 325,000 | 3.6172 GBP |
|
2.5 ordinary | CFD | SHORT | 56,320 | 3.6244 GBP |
|
2.5 ordinary | CFD | SHORT | 619,481 | 3.6317 GBP |
|
2.5 ordinary | CFD | SHORT | 598,741 | 3.6317 GBP |
|
2.5 ordinary | CFD | SHORT | 1,874 | 3.6360 GBP |
|
2.5 ordinary | CFD | SHORT | 7,955 | 3.6360 GBP |
|
2.5 ordinary | CFD | SHORT | 2,646 | 3.6360 GBP |
|
2.5 ordinary | CFD | SHORT | 631 | 3.6360 GBP |
|
2.5 ordinary | CFD | SHORT | 133 | 3.6360 GBP |
|
2.5 ordinary | CFD | SHORT | 1,043 | 3.6360 GBP |
|
2.5 ordinary | CFD | SHORT | 8,317 | 3.6360 GBP |
|
2.5 ordinary | CFD | LONG | 400,000 | 5.7301 GBP |
|
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit (GBP) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit (GBP) |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercising
Class of relevant security | Product description e.g. call option | Number of securities | Exercise price per unit (GBP) |
N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
The currency of all prices and other monetary amounts should be stated.
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
3. 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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: 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 exempt principal trader 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
|
| Date of disclosure: | 14th September 2012 |
| Contact name: | Zoe Taylor |
| Telephone number: | 0207 425 1921 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
BAE Systems