18th Jul 2016 10:22
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 JULY 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 | 300,000 | 100.9000 GBP | 100.9000 GBP |
Perpetual convertible bonds | SALES | 1,000,000 | 92.1000 GBP | 92.1000 GBP |
28 4/7p ordinary | PURCHASES | 1,999,187 | 2.3050 GBP | 2.2690 GBP |
28 4/7p ordinary | SALES | 2,995,645 | 2.3050 GBP | 2.2650 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 | 190,255 | 2.2693 GBP |
28 4/7p ordinary | CFD | LONG | 160,500 | 2.2709 GBP |
28 4/7p ordinary | CFD | LONG | 2,765 | 2.2719 GBP |
28 4/7p ordinary | CFD | LONG | 76,816 | 2.2762 GBP |
28 4/7p ordinary | CFD | LONG | 9,675 | 2.2762 GBP |
28 4/7p ordinary | CFD | LONG | 19,011 | 2.2772 GBP |
28 4/7p ordinary | CFD | LONG | 29,956 | 2.2774 GBP |
28 4/7p ordinary | CFD | LONG | 120,630 | 2.2774 GBP |
28 4/7p ordinary | CFD | LONG | 38,657 | 2.2781 GBP |
28 4/7p ordinary | CFD | LONG | 73,122 | 2.2785 GBP |
28 4/7p ordinary | CFD | LONG | 87,100 | 2.2792 GBP |
28 4/7p ordinary | CFD | LONG | 5,487 | 2.2800 GBP |
28 4/7p ordinary | CFD | LONG | 21,424 | 2.2800 GBP |
28 4/7p ordinary | CFD | LONG | 843 | 2.2800 GBP |
28 4/7p ordinary | CFD | LONG | 48,849 | 2.2808 GBP |
28 4/7p ordinary | CFD | LONG | 2,944 | 2.2812 GBP |
28 4/7p ordinary | CFD | LONG | 16,609 | 2.2815 GBP |
28 4/7p ordinary | CFD | LONG | 12,500 | 2.2820 GBP |
28 4/7p ordinary | CFD | LONG | 30,048 | 2.2835 GBP |
28 4/7p ordinary | CFD | LONG | 774 | 2.2844 GBP |
28 4/7p ordinary | CFD | LONG | 1,365,053 | 2.2870 GBP |
28 4/7p ordinary | CFD | LONG | 38,520 | 2.2920 GBP |
28 4/7p ordinary | CFD | LONG | 27,201 | 2.2970 GBP |
28 4/7p ordinary | CFD | SHORT | 1,651 | 2.2757 GBP |
28 4/7p ordinary | CFD | SHORT | 105 | 2.2757 GBP |
28 4/7p ordinary | CFD | SHORT | 3,168 | 2.2757 GBP |
28 4/7p ordinary | CFD | SHORT | 12,850 | 2.2765 GBP |
28 4/7p ordinary | CFD | SHORT | 4,345 | 2.2765 GBP |
28 4/7p ordinary | CFD | SHORT | 16,210 | 2.2765 GBP |
28 4/7p ordinary | CFD | SHORT | 63,492 | 2.2792 GBP |
28 4/7p ordinary | CFD | SHORT | 105,360 | 2.2792 GBP |
28 4/7p ordinary | CFD | SHORT | 3,248 | 2.2792 GBP |
28 4/7p ordinary | CFD | SHORT | 52,247 | 2.2793 GBP |
28 4/7p ordinary | CFD | SHORT | 48,681 | 2.2797 GBP |
28 4/7p ordinary | CFD | SHORT | 2,639 | 2.2797 GBP |
28 4/7p ordinary | CFD | SHORT | 87,041 | 2.2797 GBP |
28 4/7p ordinary | CFD | SHORT | 5,199 | 2.2798 GBP |
28 4/7p ordinary | CFD | SHORT | 15,378 | 2.2798 GBP |
28 4/7p ordinary | CFD | SHORT | 19,399 | 2.2798 GBP |
28 4/7p ordinary | CFD | SHORT | 36,353 | 2.2805 GBP |
28 4/7p ordinary | CFD | SHORT | 208,658 | 2.2808 GBP |
28 4/7p ordinary | CFD | SHORT | 75,158 | 2.2810 GBP |
28 4/7p ordinary | CFD | SHORT | 2,596 | 2.2811 GBP |
28 4/7p ordinary | CFD | SHORT | 8,929 | 2.2815 GBP |
28 4/7p ordinary | CFD | SHORT | 77,077 | 2.2818 GBP |
28 4/7p ordinary | CFD | SHORT | 12,741 | 2.2821 GBP |
28 4/7p ordinary | CFD | SHORT | 10,099 | 2.2821 GBP |
28 4/7p ordinary | CFD | SHORT | 3,415 | 2.2821 GBP |
28 4/7p ordinary | CFD | SHORT | 1,866 | 2.2835 GBP |
28 4/7p ordinary | CFD | SHORT | 2,427 | 2.2851 GBP |
28 4/7p ordinary | CFD | SHORT | 21,820 | 2.2853 GBP |
28 4/7p ordinary | CFD | SHORT | 28,752 | 2.2864 GBP |
28 4/7p ordinary | CFD | SHORT | 66,044 | 2.2865 GBP |
28 4/7p ordinary | CFD | SHORT | 4,253 | 2.2870 GBP |
28 4/7p ordinary | CFD | SHORT | 8,202 | 2.2875 GBP |
28 4/7p ordinary | CFD | SHORT | 37,290 | 2.2920 GBP |
28 4/7p ordinary | CFD | SHORT | 842 | 2.2920 GBP |
28 4/7p ordinary | CFD | SHORT | 2,115 | 2.2920 GBP |
28 4/7p ordinary | CFD | SHORT | 1,563 | 2.2920 GBP |
28 4/7p ordinary | CFD | SHORT | 3,096 | 2.2920 GBP |
28 4/7p ordinary | CFD | SHORT | 2,940 | 2.2920 GBP |
28 4/7p ordinary | CFD | SHORT | 477 | 2.2920 GBP |
28 4/7p ordinary | CFD | SHORT | 16,721 | 2.2931 GBP |
28 4/7p ordinary | CFD | SHORT | 3,000 | 2.2960 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 |
28 4/7p ordinary | PUT | PURCHASE | 500,000 | 2.2000 | A | 19/08/2016 | 0.0575 GBP |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Number of securities | Exercise price per unit |
28 4 7p ordinary | CALL | 1,000,000 | 290.0000 GBP |
(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: | 18 JULY 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