16th Mar 2016 10:41
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: | 15 MARCH 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 |
28 4/7p ordinary | PURCHASES | 3,279,945 | 2.8330 GBP | 2.7710 GBP |
28 4/7p ordinary | SALES | 3,316,202 | 2.8335 GBP | 2.7690 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 | 31,313 | 2.7754 GBP |
28 4/7p ordinary | CFD | LONG | 103,887 | 2.7754 GBP |
28 4/7p ordinary | CFD | LONG | 50,000 | 2.7756 GBP |
28 4/7p ordinary | CFD | LONG | 55,084 | 2.7759 GBP |
28 4/7p ordinary | CFD | LONG | 2,116 | 2.7760 GBP |
28 4/7p ordinary | CFD | LONG | 296 | 2.7760 GBP |
28 4/7p ordinary | CFD | LONG | 6,053 | 2.7760 GBP |
28 4/7p ordinary | CFD | LONG | 25,000 | 2.7799 GBP |
28 4/7p ordinary | CFD | LONG | 11,569 | 2.7827 GBP |
28 4/7p ordinary | CFD | LONG | 32,200 | 2.7842 GBP |
28 4/7p ordinary | CFD | LONG | 1,303 | 2.7880 GBP |
28 4/7p ordinary | CFD | LONG | 2,299 | 2.7888 GBP |
28 4/7p ordinary | CFD | LONG | 473 | 2.7900 GBP |
28 4/7p ordinary | CFD | LONG | 9,084 | 2.7918 GBP |
28 4/7p ordinary | CFD | LONG | 560 | 2.7934 GBP |
28 4/7p ordinary | CFD | LONG | 7,056 | 2.7936 GBP |
28 4/7p ordinary | CFD | LONG | 7,703 | 2.7936 GBP |
28 4/7p ordinary | CFD | LONG | 431 | 2.7936 GBP |
28 4/7p ordinary | CFD | LONG | 1,000 | 2.7939 GBP |
28 4/7p ordinary | CFD | LONG | 300,308 | 2.7972 GBP |
28 4/7p ordinary | CFD | LONG | 1,600 | 2.7972 GBP |
28 4/7p ordinary | CFD | LONG | 54,836 | 2.7973 GBP |
28 4/7p ordinary | CFD | LONG | 46,431 | 2.7976 GBP |
28 4/7p ordinary | CFD | LONG | 1,574 | 2.7985 GBP |
28 4/7p ordinary | CFD | LONG | 875 | 2.7988 GBP |
28 4/7p ordinary | CFD | LONG | 13,743 | 2.7995 GBP |
28 4/7p ordinary | CFD | LONG | 768 | 2.7995 GBP |
28 4/7p ordinary | CFD | LONG | 18,297 | 2.7995 GBP |
28 4/7p ordinary | CFD | LONG | 276,100 | 2.8018 GBP |
28 4/7p ordinary | CFD | LONG | 11,934 | 2.8029 GBP |
28 4/7p ordinary | CFD | LONG | 4,011 | 2.8029 GBP |
28 4/7p ordinary | CFD | LONG | 91,447 | 2.8029 GBP |
28 4/7p ordinary | CFD | LONG | 106 | 2.8029 GBP |
28 4/7p ordinary | CFD | LONG | 12,547 | 2.8029 GBP |
28 4/7p ordinary | CFD | LONG | 55,981 | 2.8060 GBP |
28 4/7p ordinary | CFD | SHORT | 3,075 | 2.7743 GBP |
28 4/7p ordinary | CFD | SHORT | 135 | 2.7743 GBP |
28 4/7p ordinary | CFD | SHORT | 402 | 2.7743 GBP |
28 4/7p ordinary | CFD | SHORT | 31,961 | 2.7760 GBP |
28 4/7p ordinary | CFD | SHORT | 9,033 | 2.7760 GBP |
28 4/7p ordinary | CFD | SHORT | 21,719 | 2.7760 GBP |
28 4/7p ordinary | CFD | SHORT | 15,241 | 2.7760 GBP |
28 4/7p ordinary | CFD | SHORT | 5,831 | 2.7760 GBP |
28 4/7p ordinary | CFD | SHORT | 121 | 2.7805 GBP |
28 4/7p ordinary | CFD | SHORT | 25,081 | 2.7849 GBP |
28 4/7p ordinary | CFD | SHORT | 2,782 | 2.7863 GBP |
28 4/7p ordinary | CFD | SHORT | 1,622 | 2.7864 GBP |
28 4/7p ordinary | CFD | SHORT | 319 | 2.7881 GBP |
28 4/7p ordinary | CFD | SHORT | 917 | 2.7882 GBP |
28 4/7p ordinary | CFD | SHORT | 38,370 | 2.7884 GBP |
28 4/7p ordinary | CFD | SHORT | 324 | 2.7893 GBP |
28 4/7p ordinary | CFD | SHORT | 330 | 2.7894 GBP |
28 4/7p ordinary | CFD | SHORT | 767 | 2.7907 GBP |
28 4/7p ordinary | CFD | SHORT | 32,830 | 2.7915 GBP |
28 4/7p ordinary | CFD | SHORT | 5,861 | 2.7921 GBP |
28 4/7p ordinary | CFD | SHORT | 35,024 | 2.7928 GBP |
28 4/7p ordinary | CFD | SHORT | 3,573 | 2.7934 GBP |
28 4/7p ordinary | CFD | SHORT | 3,315 | 2.7941 GBP |
28 4/7p ordinary | CFD | SHORT | 17,196 | 2.7958 GBP |
28 4/7p ordinary | CFD | SHORT | 21,889 | 2.7958 GBP |
28 4/7p ordinary | CFD | SHORT | 55,820 | 2.7959 GBP |
28 4/7p ordinary | CFD | SHORT | 8,612 | 2.7966 GBP |
28 4/7p ordinary | CFD | SHORT | 1,486 | 2.7968 GBP |
28 4/7p ordinary | CFD | SHORT | 4,677 | 2.7974 GBP |
28 4/7p ordinary | CFD | SHORT | 7,636 | 2.7996 GBP |
28 4/7p ordinary | CFD | SHORT | 478 | 2.7996 GBP |
28 4/7p ordinary | CFD | SHORT | 13,311 | 2.7996 GBP |
28 4/7p ordinary | CFD | SHORT | 7,200 | 2.8015 GBP |
28 4/7p ordinary | CFD | SHORT | 4,753 | 2.8037 GBP |
28 4/7p ordinary | CFD | SHORT | 300,308 | 2.8090 GBP |
28 4/7p ordinary | CFD | LONG | 6,131 | 2.7903 GBP |
28 4/7p ordinary | CFD | LONG | 34,133 | 2.7910 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: | 16 MARCH 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