16th Dec 2016 09:52
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 | Sky Plc |
(c) Name of the party to the offer with which exempt principal trader is connected:
| Twenty-First Century Fox, Inc |
(d) Date dealing undertaken: | 15 DECEMBER 2016 |
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | Yes |
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 |
50p ordinary | PURCHASES | 4,629,284 | 9.9100 GBP | 9.6200 GBP |
50p ordinary | SALES | 3,081,707 | 9.9050 GBP | 9.6350 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 |
50p ordinary | CFD | LONG | 15,000,000 | 0.9000 GBP |
50p ordinary | CFD | LONG | 25,000,000 | 0.5320 GBP |
50p ordinary | CFD | LONG | 7,379 | 9.7594 GBP |
50p ordinary | CFD | LONG | 5,888 | 9.7629 GBP |
50p ordinary | CFD | LONG | 2,034 | 9.7629 GBP |
50p ordinary | CFD | LONG | 7,494 | 9.7642 GBP |
50p ordinary | CFD | LONG | 2,587 | 9.7642 GBP |
50p ordinary | CFD | LONG | 618 | 9.7700 GBP |
50p ordinary | CFD | LONG | 49,800 | 9.7789 GBP |
50p ordinary | CFD | LONG | 6,641 | 9.7824 GBP |
50p ordinary | CFD | LONG | 29,045 | 9.7941 GBP |
50p ordinary | CFD | LONG | 465,537 | 9.7943 GBP |
50p ordinary | CFD | LONG | 121,333 | 9.7953 GBP |
50p ordinary | CFD | LONG | 942 | 9.7968 GBP |
50p ordinary | CFD | LONG | 31,252 | 9.8046 GBP |
50p ordinary | CFD | LONG | 7,500 | 9.8066 GBP |
50p ordinary | CFD | LONG | 57,229 | 9.8078 GBP |
50p ordinary | CFD | LONG | 11,526 | 9.8149 GBP |
50p ordinary | CFD | LONG | 11,883 | 9.8149 GBP |
50p ordinary | CFD | LONG | 78,961 | 9.8152 GBP |
50p ordinary | CFD | LONG | 3,500 | 9.8158 GBP |
50p ordinary | CFD | LONG | 282,176 | 9.8205 GBP |
50p ordinary | CFD | LONG | 13,011 | 9.8238 GBP |
50p ordinary | CFD | LONG | 20,779 | 9.8250 GBP |
50p ordinary | CFD | LONG | 1,477 | 9.8412 GBP |
50p ordinary | CFD | LONG | 111,493 | 9.8412 GBP |
50p ordinary | CFD | LONG | 1,789 | 9.8470 GBP |
50p ordinary | CFD | LONG | 14,154 | 9.8543 GBP |
50p ordinary | CFD | LONG | 161,459 | 9.8543 GBP |
50p ordinary | CFD | LONG | 31,061 | 9.8600 GBP |
50p ordinary | CFD | SHORT | 35 | 9.6846 GBP |
50p ordinary | CFD | SHORT | 55 | 9.6846 GBP |
50p ordinary | CFD | SHORT | 186 | 9.6846 GBP |
50p ordinary | CFD | SHORT | 90 | 9.6846 GBP |
50p ordinary | CFD | SHORT | 58 | 9.6846 GBP |
50p ordinary | CFD | SHORT | 19,107 | 9.6846 GBP |
50p ordinary | CFD | SHORT | 3,500 | 9.7198 GBP |
50p ordinary | CFD | SHORT | 21,150 | 9.7696 GBP |
50p ordinary | CFD | SHORT | 411 | 9.7696 GBP |
50p ordinary | CFD | SHORT | 6,379 | 9.7746 GBP |
50p ordinary | CFD | SHORT | 945 | 9.7746 GBP |
50p ordinary | CFD | SHORT | 1,459 | 9.7746 GBP |
50p ordinary | CFD | SHORT | 2,368 | 9.7746 GBP |
50p ordinary | CFD | SHORT | 762 | 9.7746 GBP |
50p ordinary | CFD | SHORT | 484 | 9.7746 GBP |
50p ordinary | CFD | SHORT | 49,502 | 9.7749 GBP |
50p ordinary | CFD | SHORT | 45,259 | 9.7763 GBP |
50p ordinary | CFD | SHORT | 2,744 | 9.7763 GBP |
50p ordinary | CFD | SHORT | 9,780 | 9.7800 GBP |
50p ordinary | CFD | SHORT | 2,140 | 9.7907 GBP |
50p ordinary | CFD | SHORT | 30,500 | 9.7926 GBP |
50p ordinary | CFD | SHORT | 5,748 | 9.7931 GBP |
50p ordinary | CFD | SHORT | 25,537 | 9.7931 GBP |
50p ordinary | CFD | SHORT | 744 | 9.7931 GBP |
50p ordinary | CFD | SHORT | 176,810 | 9.7943 GBP |
50p ordinary | CFD | SHORT | 318,245 | 9.7943 GBP |
50p ordinary | CFD | SHORT | 7,500 | 9.7946 GBP |
50p ordinary | CFD | SHORT | 75,678 | 9.7950 GBP |
50p ordinary | CFD | SHORT | 11,655 | 9.7954 GBP |
50p ordinary | CFD | SHORT | 1,477 | 9.7982 GBP |
50p ordinary | CFD | SHORT | 111,493 | 9.7982 GBP |
50p ordinary | CFD | SHORT | 64,042 | 9.8032 GBP |
50p ordinary | CFD | SHORT | 40,000 | 9.8042 GBP |
50p ordinary | CFD | SHORT | 158,499 | 9.8081 GBP |
50p ordinary | CFD | SHORT | 31,535 | 9.8163 GBP |
50p ordinary | CFD | SHORT | 14,154 | 9.8163 GBP |
50p ordinary | CFD | SHORT | 282,176 | 9.8179 GBP |
50p ordinary | CFD | SHORT | 56,618 | 9.8193 GBP |
50p ordinary | CFD | SHORT | 1,596 | 9.8238 GBP |
50p ordinary | CFD | SHORT | 30,000 | 9.8248 GBP |
50p ordinary | CFD | SHORT | 400,000 | 9.8348 GBP |
50p ordinary | CFD | SHORT | 400,000 | 9.8357 GBP |
50p ordinary | CFD | SHORT | 140,270 | 9.8410 GBP |
50p ordinary | CFD | SHORT | 1,079 | 9.8445 GBP |
50p ordinary | CFD | SHORT | 21,914 | 9.8500 GBP |
50p ordinary | CFD | SHORT | 17,116 | 9.8612 GBP |
50p ordinary | CFD | SHORT | 12,884 | 9.8612 GBP |
50p ordinary | CFD | SHORT | 353 | 9.8701 GBP |
50p ordinary | CFD | SHORT | 16,896 | 9.8800 GBP |
50p ordinary | CFD | SHORT | 15,184 | 9.8800 GBP |
50p ordinary | CFD | SHORT | 13,825 | 9.8800 GBP |
50p ordinary | CFD | SHORT | 12,424 | 9.8800 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 |
50p ordinary | CALL | SALE | 15,000 | 900.0000 | A | 20/01/2017 | 0.9000 GBP |
50p ordinary | PUT | SALE | 5,000 | 1,000.0000 | A | 17/03/2017 | 0.5200 GBP |
50p ordinary | PUT | SALE | 5,000 | 1,000.0000 | A | 17/03/2017 | 0.5200 GBP |
50p ordinary | PUT | SALE | 10,000 | 1,000.0000 | A | 17/03/2017 | 0.5200 GBP |
50p ordinary | PUT | SALE | 5,000 | 1,000.0000 | A | 17/03/2017 | 0.5800 GBP |
50p ordinary | CALL | SALE | 255,988 | 911.8700 | E | 15/12/2016 | 0.7612 GBP |
(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: | 16 DECEMBER 2016 |
| 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 [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:
Sky