13th Apr 2018 10:44
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 | FirstGroup plc |
(c) Name of the party to the offer with which exempt principal trader is connected:
| Apollo Management IX L.P. |
(d) Date dealing undertaken: | 12 APRIL 2018 |
(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
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 |
5p ordinary | PURCHASES | 2,427,662 | 1.1280 GBP | 1.0390 GBP |
5p ordinary | SALES | 2,652,867 | 1.1300 GBP | 1.0380 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 |
5p ordinary | CFD | LONG | 1 | 1.0380 GBP |
5p ordinary | CFD | LONG | 2 | 1.0380 GBP |
5p ordinary | CFD | LONG | 5 | 1.0380 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0440 GBP |
5p ordinary | CFD | LONG | 4,000 | 1.0460 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0460 GBP |
5p ordinary | CFD | LONG | 24,000 | 1.0470 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0494 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0500 GBP |
5p ordinary | CFD | LONG | 1,430 | 1.0500 GBP |
5p ordinary | CFD | LONG | 18,752 | 1.0500 GBP |
5p ordinary | CFD | LONG | 1,000 | 1.0500 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0500 GBP |
5p ordinary | CFD | LONG | 14,590 | 1.0521 GBP |
5p ordinary | CFD | LONG | 2,485 | 1.0521 GBP |
5p ordinary | CFD | LONG | 1,229 | 1.0521 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0550 GBP |
5p ordinary | CFD | LONG | 11,322 | 1.0570 GBP |
5p ordinary | CFD | LONG | 1,000 | 1.0580 GBP |
5p ordinary | CFD | LONG | 24,000 | 1.0590 GBP |
5p ordinary | CFD | LONG | 3,000 | 1.0590 GBP |
5p ordinary | CFD | LONG | 1,844 | 1.0602 GBP |
5p ordinary | CFD | LONG | 6,619 | 1.0610 GBP |
5p ordinary | CFD | LONG | 3,000 | 1.0610 GBP |
5p ordinary | CFD | LONG | 817 | 1.0639 GBP |
5p ordinary | CFD | LONG | 1,511 | 1.0639 GBP |
5p ordinary | CFD | LONG | 11,190 | 1.0639 GBP |
5p ordinary | CFD | LONG | 17,875 | 1.0644 GBP |
5p ordinary | CFD | LONG | 20,944 | 1.0667 GBP |
5p ordinary | CFD | LONG | 3,000 | 1.0690 GBP |
5p ordinary | CFD | LONG | 71,873 | 1.0692 GBP |
5p ordinary | CFD | LONG | 23,133 | 1.0710 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0750 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.0750 GBP |
5p ordinary | CFD | LONG | 12,000 | 1.0750 GBP |
5p ordinary | CFD | LONG | 4,052 | 1.0770 GBP |
5p ordinary | CFD | LONG | 62,255 | 1.0815 GBP |
5p ordinary | CFD | LONG | 204,931 | 1.0818 GBP |
5p ordinary | CFD | LONG | 12,000 | 1.0840 GBP |
5p ordinary | CFD | LONG | 2,500 | 1.0850 GBP |
5p ordinary | CFD | LONG | 1,000 | 1.0850 GBP |
5p ordinary | CFD | LONG | 33,779 | 1.0914 GBP |
5p ordinary | CFD | LONG | 25,343 | 1.0934 GBP |
5p ordinary | CFD | LONG | 112,000 | 1.0948 GBP |
5p ordinary | CFD | LONG | 4,304 | 1.0980 GBP |
5p ordinary | CFD | LONG | 135,499 | 1.0980 GBP |
5p ordinary | CFD | LONG | 20,828 | 1.1010 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1010 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1090 GBP |
5p ordinary | CFD | LONG | 200,000 | 1.1090 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1110 GBP |
5p ordinary | CFD | LONG | 155,500 | 1.1116 GBP |
5p ordinary | CFD | LONG | 12,000 | 1.1120 GBP |
5p ordinary | CFD | LONG | 6,267 | 1.1120 GBP |
5p ordinary | CFD | LONG | 3,000 | 1.1130 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1140 GBP |
5p ordinary | CFD | LONG | 3,000 | 1.1140 GBP |
5p ordinary | CFD | LONG | 5,229 | 1.1148 GBP |
5p ordinary | CFD | LONG | 6,571 | 1.1150 GBP |
5p ordinary | CFD | LONG | 5,429 | 1.1150 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1180 GBP |
5p ordinary | CFD | LONG | 24,000 | 1.1190 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1190 GBP |
5p ordinary | CFD | LONG | 4,180 | 1.1200 GBP |
5p ordinary | CFD | LONG | 24,000 | 1.1200 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1230 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1240 GBP |
5p ordinary | CFD | LONG | 5,000 | 1.1280 GBP |
5p ordinary | CFD | LONG | 6,000 | 1.1300 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0390 GBP |
5p ordinary | CFD | SHORT | 514 | 1.0440 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0480 GBP |
5p ordinary | CFD | SHORT | 300 | 1.0510 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0540 GBP |
5p ordinary | CFD | SHORT | 1,202 | 1.0569 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0580 GBP |
5p ordinary | CFD | SHORT | 9,600 | 1.0600 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0610 GBP |
5p ordinary | CFD | SHORT | 420 | 1.0630 GBP |
5p ordinary | CFD | SHORT | 580 | 1.0650 GBP |
5p ordinary | CFD | SHORT | 72,193 | 1.0693 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0730 GBP |
5p ordinary | CFD | SHORT | 25,343 | 1.0745 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0770 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0780 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0800 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0800 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0800 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0800 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0800 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0800 GBP |
5p ordinary | CFD | SHORT | 5,172 | 1.0801 GBP |
5p ordinary | CFD | SHORT | 44,019 | 1.0827 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0840 GBP |
5p ordinary | CFD | SHORT | 3,000 | 1.0840 GBP |
5p ordinary | CFD | SHORT | 247,100 | 1.0849 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0850 GBP |
5p ordinary | CFD | SHORT | 1,000 | 1.0850 GBP |
5p ordinary | CFD | SHORT | 72,502 | 1.0887 GBP |
5p ordinary | CFD | SHORT | 117,000 | 1.0916 GBP |
5p ordinary | CFD | SHORT | 7,147 | 1.0929 GBP |
5p ordinary | CFD | SHORT | 151,077 | 1.0939 GBP |
5p ordinary | CFD | SHORT | 320 | 1.0939 GBP |
5p ordinary | CFD | SHORT | 4,304 | 1.0940 GBP |
5p ordinary | CFD | SHORT | 2,590 | 1.0941 GBP |
5p ordinary | CFD | SHORT | 5,000 | 1.1000 GBP |
5p ordinary | CFD | SHORT | 76,429 | 1.1000 GBP |
5p ordinary | CFD | SHORT | 96,000 | 1.1000 GBP |
5p ordinary | CFD | SHORT | 19,571 | 1.1000 GBP |
5p ordinary | CFD | SHORT | 10,640 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 36,000 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 24,000 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 14,962 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 7,647 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 611 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 21 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 51,473 | 1.1010 GBP |
5p ordinary | CFD | SHORT | 24,000 | 1.1037 GBP |
5p ordinary | CFD | SHORT | 25,000 | 1.1110 GBP |
5p ordinary | CFD | SHORT | 12,916 | 1.1200 GBP |
5p ordinary | CFD | LONG | 10,389 | 1.0722 GBP |
5p ordinary | CFD | LONG | 4,062 | 1.0729 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 | Number of securities | Exercise price per unit |
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: | 13 APRIL 2018 |
| 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 and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. 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:
Firstgroup