12th Feb 2016 11:10
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 | J Sainsbury Plc |
(c) Name of the party to the offer with which exempt principal trader is connected:
| J Sainsbury Plc |
(d) Date dealing undertaken: | 11 FEBRUARY 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 |
Perpetual convertible bonds | PURCHASES | 1,600,000 | 89.6250 GBP | 89.6250 GBP |
Perpetual convertible bonds | SALES | 2,000,000 | 89.4685 GBP | 89.4685 GBP |
28 4/7p ordinary | PURCHASES | 2,546,016 | 2.3900 GBP | 2.3400 GBP |
28 4/7p ordinary | SALES | 4,035,741 | 2.4030 GBP | 2.3400 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 |
28 4/7p ordinary | CFD | LONG | 5,499 | 2.3588 GBP |
28 4/7p ordinary | CFD | LONG | 4,066 | 2.3599 GBP |
28 4/7p ordinary | CFD | LONG | 3,208 | 2.3617 GBP |
28 4/7p ordinary | CFD | LONG | 146 | 2.3617 GBP |
28 4/7p ordinary | CFD | LONG | 437 | 2.3617 GBP |
28 4/7p ordinary | CFD | LONG | 24,800 | 2.3618 GBP |
28 4/7p ordinary | CFD | LONG | 34,600 | 2.3618 GBP |
28 4/7p ordinary | CFD | LONG | 32,937 | 2.3624 GBP |
28 4/7p ordinary | CFD | LONG | 829 | 2.3630 GBP |
28 4/7p ordinary | CFD | LONG | 741 | 2.3640 GBP |
28 4/7p ordinary | CFD | LONG | 103 | 2.3640 GBP |
28 4/7p ordinary | CFD | LONG | 2,123 | 2.3640 GBP |
28 4/7p ordinary | CFD | LONG | 19,253 | 2.3640 GBP |
28 4/7p ordinary | CFD | LONG | 76,641 | 2.3644 GBP |
28 4/7p ordinary | CFD | LONG | 23,529 | 2.3656 GBP |
28 4/7p ordinary | CFD | LONG | 9,463 | 2.3656 GBP |
28 4/7p ordinary | CFD | LONG | 211,909 | 2.3659 GBP |
28 4/7p ordinary | CFD | LONG | 172,117 | 2.3666 GBP |
28 4/7p ordinary | CFD | LONG | 1,000 | 2.3668 GBP |
28 4/7p ordinary | CFD | LONG | 1,100 | 2.3668 GBP |
28 4/7p ordinary | CFD | LONG | 7,300 | 2.3668 GBP |
28 4/7p ordinary | CFD | LONG | 4,413 | 2.3672 GBP |
28 4/7p ordinary | CFD | LONG | 782,198 | 2.3674 GBP |
28 4/7p ordinary | CFD | LONG | 10,751 | 2.3674 GBP |
28 4/7p ordinary | CFD | LONG | 13,494 | 2.3680 GBP |
28 4/7p ordinary | CFD | LONG | 817 | 2.3680 GBP |
28 4/7p ordinary | CFD | LONG | 82,987 | 2.3685 GBP |
28 4/7p ordinary | CFD | LONG | 77,234 | 2.3685 GBP |
28 4/7p ordinary | CFD | LONG | 920 | 2.3690 GBP |
28 4/7p ordinary | CFD | LONG | 2,915 | 2.3691 GBP |
28 4/7p ordinary | CFD | LONG | 8,347 | 2.3692 GBP |
28 4/7p ordinary | CFD | LONG | 200 | 2.3715 GBP |
28 4/7p ordinary | CFD | LONG | 36,231 | 2.3716 GBP |
28 4/7p ordinary | CFD | LONG | 587,568 | 2.3729 GBP |
28 4/7p ordinary | CFD | LONG | 70,956 | 2.3729 GBP |
28 4/7p ordinary | CFD | LONG | 51,475 | 2.3743 GBP |
28 4/7p ordinary | CFD | SHORT | 963 | 2.3544 GBP |
28 4/7p ordinary | CFD | SHORT | 7,678 | 2.3590 GBP |
28 4/7p ordinary | CFD | SHORT | 3,452 | 2.3606 GBP |
28 4/7p ordinary | CFD | SHORT | 2,847 | 2.3624 GBP |
28 4/7p ordinary | CFD | SHORT | 70,226 | 2.3637 GBP |
28 4/7p ordinary | CFD | SHORT | 71,308 | 2.3637 GBP |
28 4/7p ordinary | CFD | SHORT | 12,264 | 2.3640 GBP |
28 4/7p ordinary | CFD | SHORT | 19,450 | 2.3656 GBP |
28 4/7p ordinary | CFD | SHORT | 5,926 | 2.3657 GBP |
28 4/7p ordinary | CFD | SHORT | 103,616 | 2.3666 GBP |
28 4/7p ordinary | CFD | SHORT | 5,690 | 2.3671 GBP |
28 4/7p ordinary | CFD | SHORT | 21,594 | 2.3674 GBP |
28 4/7p ordinary | CFD | SHORT | 1,496 | 2.3682 GBP |
28 4/7p ordinary | CFD | SHORT | 572 | 2.3683 GBP |
28 4/7p ordinary | CFD | SHORT | 12,552 | 2.3683 GBP |
28 4/7p ordinary | CFD | SHORT | 1,710 | 2.3683 GBP |
28 4/7p ordinary | CFD | SHORT | 3,543 | 2.3692 GBP |
28 4/7p ordinary | CFD | SHORT | 776 | 2.3692 GBP |
28 4/7p ordinary | CFD | SHORT | 4,028 | 2.3692 GBP |
28 4/7p ordinary | CFD | SHORT | 620 | 2.3692 GBP |
28 4/7p ordinary | CFD | SHORT | 143 | 2.3692 GBP |
28 4/7p ordinary | CFD | SHORT | 662,717 | 2.3694 GBP |
28 4/7p ordinary | CFD | SHORT | 996 | 2.3701 GBP |
28 4/7p ordinary | CFD | SHORT | 10,785 | 2.3704 GBP |
28 4/7p ordinary | CFD | SHORT | 1,167 | 2.3706 GBP |
28 4/7p ordinary | CFD | SHORT | 6,440 | 2.3718 GBP |
28 4/7p ordinary | CFD | SHORT | 2,200 | 2.3720 GBP |
28 4/7p ordinary | CFD | SHORT | 8,746 | 2.3728 GBP |
28 4/7p ordinary | CFD | SHORT | 291 | 2.3730 GBP |
28 4/7p ordinary | CFD | SHORT | 33,073 | 2.3741 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: | 12 FEBRUARY 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:
Sainsbury's