19th Feb 2016 10:28
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: | 18 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 |
Convertible bonds due November 2019 | SALES | 200,000 | 105.0100 GBP | 105.0100 GBP |
28 4/7p ordinary | PURCHASES | 3,524,980 | 2.6800 GBP | 2.6170 GBP |
28 4/7p ordinary | SALES | 4,305,110 | 2.6800 GBP | 2.6150 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 | 300,000 | 2.6150 GBP |
28 4/7p ordinary | CFD | LONG | 200,000 | 2.6150 GBP |
28 4/7p ordinary | CFD | LONG | 16 | 2.6310 GBP |
28 4/7p ordinary | CFD | LONG | 341 | 2.6310 GBP |
28 4/7p ordinary | CFD | LONG | 118 | 2.6310 GBP |
28 4/7p ordinary | CFD | LONG | 412,689 | 2.6310 GBP |
28 4/7p ordinary | CFD | LONG | 3,086 | 2.6322 GBP |
28 4/7p ordinary | CFD | LONG | 2,970 | 2.6322 GBP |
28 4/7p ordinary | CFD | LONG | 2,247 | 2.6329 GBP |
28 4/7p ordinary | CFD | LONG | 1,728 | 2.6364 GBP |
28 4/7p ordinary | CFD | LONG | 1,791 | 2.6364 GBP |
28 4/7p ordinary | CFD | LONG | 102 | 2.6364 GBP |
28 4/7p ordinary | CFD | LONG | 25,028 | 2.6462 GBP |
28 4/7p ordinary | CFD | LONG | 1,669 | 2.6497 GBP |
28 4/7p ordinary | CFD | LONG | 8,880 | 2.6502 GBP |
28 4/7p ordinary | CFD | LONG | 5,687 | 2.6504 GBP |
28 4/7p ordinary | CFD | LONG | 81,346 | 2.6508 GBP |
28 4/7p ordinary | CFD | LONG | 45,465 | 2.6509 GBP |
28 4/7p ordinary | CFD | LONG | 2,072 | 2.6509 GBP |
28 4/7p ordinary | CFD | LONG | 6,194 | 2.6509 GBP |
28 4/7p ordinary | CFD | LONG | 963 | 2.6510 GBP |
28 4/7p ordinary | CFD | LONG | 110,214 | 2.6520 GBP |
28 4/7p ordinary | CFD | LONG | 134,346 | 2.6533 GBP |
28 4/7p ordinary | CFD | LONG | 3,824 | 2.6542 GBP |
28 4/7p ordinary | CFD | LONG | 233,252 | 2.6547 GBP |
28 4/7p ordinary | CFD | LONG | 129,859 | 2.6562 GBP |
28 4/7p ordinary | CFD | LONG | 4,816 | 2.6569 GBP |
28 4/7p ordinary | CFD | LONG | 168,371 | 2.6569 GBP |
28 4/7p ordinary | CFD | LONG | 128,800 | 2.6596 GBP |
28 4/7p ordinary | CFD | LONG | 55,641 | 2.6602 GBP |
28 4/7p ordinary | CFD | LONG | 350 | 2.6618 GBP |
28 4/7p ordinary | CFD | LONG | 32,789 | 2.6692 GBP |
28 4/7p ordinary | CFD | SHORT | 200,000 | 2.6150 GBP |
28 4/7p ordinary | CFD | SHORT | 300,000 | 2.6150 GBP |
28 4/7p ordinary | CFD | SHORT | 523 | 2.6177 GBP |
28 4/7p ordinary | CFD | SHORT | 107,153 | 2.6309 GBP |
28 4/7p ordinary | CFD | SHORT | 1,926 | 2.6310 GBP |
28 4/7p ordinary | CFD | SHORT | 28,890 | 2.6310 GBP |
28 4/7p ordinary | CFD | SHORT | 3,255 | 2.6359 GBP |
28 4/7p ordinary | CFD | SHORT | 90,265 | 2.6397 GBP |
28 4/7p ordinary | CFD | SHORT | 50,209 | 2.6401 GBP |
28 4/7p ordinary | CFD | SHORT | 1,686 | 2.6407 GBP |
28 4/7p ordinary | CFD | SHORT | 7,914 | 2.6407 GBP |
28 4/7p ordinary | CFD | SHORT | 230 | 2.6407 GBP |
28 4/7p ordinary | CFD | SHORT | 12 | 2.6416 GBP |
28 4/7p ordinary | CFD | SHORT | 79 | 2.6421 GBP |
28 4/7p ordinary | CFD | SHORT | 506 | 2.6423 GBP |
28 4/7p ordinary | CFD | SHORT | 221 | 2.6424 GBP |
28 4/7p ordinary | CFD | SHORT | 182,075 | 2.6441 GBP |
28 4/7p ordinary | CFD | SHORT | 34,897 | 2.6456 GBP |
28 4/7p ordinary | CFD | SHORT | 2,420 | 2.6462 GBP |
28 4/7p ordinary | CFD | SHORT | 10,170 | 2.6462 GBP |
28 4/7p ordinary | CFD | SHORT | 15,585 | 2.6462 GBP |
28 4/7p ordinary | CFD | SHORT | 58,144 | 2.6473 GBP |
28 4/7p ordinary | CFD | SHORT | 29,700 | 2.6488 GBP |
28 4/7p ordinary | CFD | SHORT | 500 | 2.6488 GBP |
28 4/7p ordinary | CFD | SHORT | 4,000 | 2.6488 GBP |
28 4/7p ordinary | CFD | SHORT | 152 | 2.6512 GBP |
28 4/7p ordinary | CFD | SHORT | 8,177 | 2.6512 GBP |
28 4/7p ordinary | CFD | SHORT | 2,275 | 2.6512 GBP |
28 4/7p ordinary | CFD | SHORT | 4,862 | 2.6531 GBP |
28 4/7p ordinary | CFD | SHORT | 1,292 | 2.6553 GBP |
28 4/7p ordinary | CFD | SHORT | 634 | 2.6615 GBP |
28 4/7p ordinary | CFD | SHORT | 2,055 | 2.6615 GBP |
28 4/7p ordinary | CFD | SHORT | 41 | 2.6615 GBP |
28 4/7p ordinary | CFD | LONG | 276,297 | 2.6467 GBP |
28 4/7p ordinary | CFD | LONG | 52,143 | 2.6471 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: | 19 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