10th Jun 2022 08:43
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 & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Capricorn Energy plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Capricorn Energy plc |
(d) Date dealing undertaken: | 09 June 2022 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | YES-Tullow Oil plc |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
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.
The currency of all prices and other monetary amounts should be stated.
(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 |
21/13p ordinary | SALES | 933,468 | 2.3574 GBP | 2.2420 GBP |
21/13p ordinary | PURCHASES | 1,000,449 | 2.3675 GBP | 2.2420 GBP |
(b) Cash-settled derivative transactions
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 |
21/13p ordinary | CFD | increasing a long position | 1,162 | 2.3315 GBP |
21/13p ordinary | CFD | increasing a long position | 1,131 | 2.3380 GBP |
21/13p ordinary | CFD | increasing a short position | 2,270 | 2.2424 GBP |
21/13p ordinary | CFD | increasing a short position | 10,150 | 2.2450 GBP |
21/13p ordinary | CFD | increasing a short position | 85 | 2.2611 GBP |
21/13p ordinary | CFD | increasing a short position | 15,000 | 2.2677 GBP |
21/13p ordinary | CFD | increasing a short position | 13,890 | 2.2832 GBP |
21/13p ordinary | CFD | increasing a short position | 19,636 | 2.2832 GBP |
21/13p ordinary | CFD | increasing a short position | 40,054 | 2.2832 GBP |
21/13p ordinary | CFD | increasing a short position | 8,759 | 2.2836 GBP |
21/13p ordinary | CFD | increasing a short position | 46,062 | 2.2836 GBP |
21/13p ordinary | CFD | increasing a short position | 18,247 | 2.2910 GBP |
21/13p ordinary | CFD | increasing a short position | 29,000 | 2.2989 GBP |
21/13p ordinary | CFD | increasing a short position | 7,066 | 2.3142 GBP |
21/13p ordinary | CFD | increasing a short position | 5,655 | 2.3364 GBP |
21/13p ordinary | CFD | increasing a short position | 27,485 | 2.3405 GBP |
21/13p ordinary | CFD | increasing a short position | 910 | 2.3500 GBP |
21/13p ordinary | CFD | reducing a long position | 36,142 | 2.2420 GBP |
21/13p ordinary | CFD | reducing a long position | 244 | 2.2524 GBP |
21/13p ordinary | CFD | reducing a long position | 18,839 | 2.2657 GBP |
21/13p ordinary | CFD | reducing a long position | 1,162 | 2.3067 GBP |
21/13p ordinary | CFD | reducing a long position | 66,329 | 2.3091 GBP |
21/13p ordinary | CFD | reducing a long position | 1,008 | 2.3142 GBP |
21/13p ordinary | CFD | reducing a long position | 8,572 | 2.3258 GBP |
21/13p ordinary | CFD | reducing a long position | 1,131 | 2.3329 GBP |
21/13p ordinary | CFD | reducing a short position | 36,821 | 2.2420 GBP |
21/13p ordinary | CFD | reducing a short position | 1,008 | 2.2420 GBP |
21/13p ordinary | CFD | reducing a short position | 64,394 | 2.2487 GBP |
21/13p ordinary | CFD | reducing a short position | 5,615 | 2.2487 GBP |
21/13p ordinary | CFD | reducing a short position | 31,851 | 2.2622 GBP |
21/13p ordinary | CFD | reducing a short position | 3,806 | 2.2721 GBP |
21/13p ordinary | CFD | reducing a short position | 9,081 | 2.2795 GBP |
21/13p ordinary | CFD | reducing a short position | 7 | 2.2800 GBP |
21/13p ordinary | CFD | reducing a short position | 20,500 | 2.2809 GBP |
21/13p ordinary | CFD | reducing a short position | 90,000 | 2.3059 GBP |
21/13p ordinary | CFD | reducing a short position | 318 | 2.3280 GBP |
21/13p ordinary | CFD | reducing a short position | 3,643 | 2.3280 GBP |
21/13p ordinary | CFD | reducing a short position | 5,000 | 2.3760 GBP |
(c) Stock-settled derivative transactions (including options)
(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 | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | 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 |
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: Irrevocable commitments and letters of intent should not be included. 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: | 10 June 2022 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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:
Capricorn Energy PLC