23rd Mar 2016 15:41
AMENDMENT (Section 2 a & 2 b)
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 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 |
Convertible bonds due November 2019 | SALES | 3,200,000 | 106.3750 GBP | 105.4900 GBP |
28 4/7p ordinary | PURCHASES | 7,612,632 | 2.8370 GBP | 2.7040 GBP |
28 4/7p ordinary | SALES | 7,234,449 | 2.8400 GBP | 2.7030 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 | 35,713 | 2.7306 GBP |
28 4/7p ordinary | CFD | LONG | 1,000 | 2.7306 GBP |
28 4/7p ordinary | CFD | LONG | 3,600 | 2.7306 GBP |
28 4/7p ordinary | CFD | LONG | 2,490 | 2.7306 GBP |
28 4/7p ordinary | CFD | LONG | 2,867 | 2.7306 GBP |
28 4/7p ordinary | CFD | LONG | 36,939 | 2.7306 GBP |
28 4/7p ordinary | CFD | LONG | 96,468 | 2.7320 GBP |
28 4/7p ordinary | CFD | LONG | 32,545 | 2.7320 GBP |
28 4/7p ordinary | CFD | LONG | 274,659 | 2.7469 GBP |
28 4/7p ordinary | CFD | LONG | 375 | 2.7502 GBP |
28 4/7p ordinary | CFD | LONG | 91,635 | 2.7534 GBP |
28 4/7p ordinary | CFD | LONG | 591,000 | 2.7555 GBP |
28 4/7p ordinary | CFD | LONG | 591,000 | 2.7555 GBP |
28 4/7p ordinary | CFD | LONG | 11,521 | 2.7705 GBP |
28 4/7p ordinary | CFD | LONG | 151,278 | 2.7705 GBP |
28 4/7p ordinary | CFD | LONG | 30,002 | 2.7730 GBP |
28 4/7p ordinary | CFD | LONG | 36,795 | 2.7730 GBP |
28 4/7p ordinary | CFD | LONG | 100,500 | 2.7806 GBP |
28 4/7p ordinary | CFD | LONG | 180,000 | 2.7809 GBP |
28 4/7p ordinary | CFD | LONG | 180,000 | 2.7809 GBP |
28 4/7p ordinary | CFD | LONG | 30,801 | 2.7899 GBP |
28 4/7p ordinary | CFD | LONG | 2,651 | 2.7920 GBP |
28 4/7p ordinary | CFD | LONG | 56,244 | 2.7920 GBP |
28 4/7p ordinary | CFD | LONG | 47,507 | 2.7920 GBP |
28 4/7p ordinary | CFD | LONG | 2,927 | 2.7921 GBP |
28 4/7p ordinary | CFD | LONG | 62,313 | 2.7927 GBP |
28 4/7p ordinary | CFD | LONG | 58,441 | 2.7941 GBP |
28 4/7p ordinary | CFD | LONG | 83,245 | 2.7962 GBP |
28 4/7p ordinary | CFD | LONG | 5,090 | 2.7977 GBP |
28 4/7p ordinary | CFD | LONG | 1,642,668 | 2.8000 GBP |
28 4/7p ordinary | CFD | LONG | 6,900 | 2.8040 GBP |
28 4/7p ordinary | CFD | LONG | 206,082 | 2.8105 GBP |
28 4/7p ordinary | CFD | LONG | 19,260 | 2.8150 GBP |
28 4/7p ordinary | CFD | LONG | 300,000 | 2.8150 GBP |
28 4/7p ordinary | CFD | LONG | 200,000 | 2.8150 GBP |
28 4/7p ordinary | CFD | LONG | 165,636 | 2.8194 GBP |
28 4/7p ordinary | CFD | LONG | 140,000 | 2.8201 GBP |
28 4/7p ordinary | CFD | LONG | 1,911 | 2.8265 GBP |
28 4/7p ordinary | CFD | LONG | 1,694 | 2.8265 GBP |
28 4/7p ordinary | CFD | LONG | 2,400 | 2.8265 GBP |
28 4/7p ordinary | CFD | LONG | 700 | 2.8265 GBP |
28 4/7p ordinary | CFD | LONG | 24,626 | 2.8265 GBP |
28 4/7p ordinary | CFD | LONG | 23,808 | 2.8265 GBP |
28 4/7p ordinary | CFD | SHORT | 113,960 | 2.7166 GBP |
28 4/7p ordinary | CFD | SHORT | 86,040 | 2.7166 GBP |
28 4/7p ordinary | CFD | SHORT | 32,545 | 2.7194 GBP |
28 4/7p ordinary | CFD | SHORT | 36,240 | 2.7320 GBP |
28 4/7p ordinary | CFD | SHORT | 36,240 | 2.7320 GBP |
28 4/7p ordinary | CFD | SHORT | 559,092 | 2.7320 GBP |
28 4/7p ordinary | CFD | SHORT | 4,144 | 2.7320 GBP |
28 4/7p ordinary | CFD | SHORT | 580 | 2.7320 GBP |
28 4/7p ordinary | CFD | SHORT | 11,852 | 2.7320 GBP |
28 4/7p ordinary | CFD | SHORT | 100,000 | 2.7325 GBP |
28 4/7p ordinary | CFD | SHORT | 4,000 | 2.7380 GBP |
28 4/7p ordinary | CFD | SHORT | 94,242 | 2.7390 GBP |
28 4/7p ordinary | CFD | SHORT | 1,796 | 2.7390 GBP |
28 4/7p ordinary | CFD | SHORT | 274,659 | 2.7459 GBP |
28 4/7p ordinary | CFD | SHORT | 5,150 | 2.7489 GBP |
28 4/7p ordinary | CFD | SHORT | 208,800 | 2.7619 GBP |
28 4/7p ordinary | CFD | SHORT | 7,536 | 2.7640 GBP |
28 4/7p ordinary | CFD | SHORT | 2,533 | 2.7640 GBP |
28 4/7p ordinary | CFD | SHORT | 57,747 | 2.7640 GBP |
28 4/7p ordinary | CFD | SHORT | 63,825 | 2.7682 GBP |
28 4/7p ordinary | CFD | SHORT | 2,601 | 2.7682 GBP |
28 4/7p ordinary | CFD | SHORT | 65,989 | 2.7707 GBP |
28 4/7p ordinary | CFD | SHORT | 17,149 | 2.7714 GBP |
28 4/7p ordinary | CFD | SHORT | 132,633 | 2.7718 GBP |
28 4/7p ordinary | CFD | SHORT | 100,500 | 2.7786 GBP |
28 4/7p ordinary | CFD | SHORT | 87,502 | 2.7794 GBP |
28 4/7p ordinary | CFD | SHORT | 180,000 | 2.7809 GBP |
28 4/7p ordinary | CFD | SHORT | 8,487 | 2.7825 GBP |
28 4/7p ordinary | CFD | SHORT | 82,814 | 2.7854 GBP |
28 4/7p ordinary | CFD | SHORT | 3,047 | 2.7871 GBP |
28 4/7p ordinary | CFD | SHORT | 166 | 2.7871 GBP |
28 4/7p ordinary | CFD | SHORT | 16,560 | 2.7871 GBP |
28 4/7p ordinary | CFD | SHORT | 77,224 | 2.7880 GBP |
28 4/7p ordinary | CFD | SHORT | 1,542 | 2.7885 GBP |
28 4/7p ordinary | CFD | SHORT | 1,838 | 2.7900 GBP |
28 4/7p ordinary | CFD | SHORT | 3,746 | 2.7909 GBP |
28 4/7p ordinary | CFD | SHORT | 942 | 2.7930 GBP |
28 4/7p ordinary | CFD | SHORT | 2,496 | 2.7938 GBP |
28 4/7p ordinary | CFD | SHORT | 929 | 2.7940 GBP |
28 4/7p ordinary | CFD | SHORT | 32,569 | 2.7955 GBP |
28 4/7p ordinary | CFD | SHORT | 1,474 | 2.7955 GBP |
28 4/7p ordinary | CFD | SHORT | 26,025 | 2.7955 GBP |
28 4/7p ordinary | CFD | SHORT | 23,251 | 2.7987 GBP |
28 4/7p ordinary | CFD | SHORT | 682 | 2.7990 GBP |
28 4/7p ordinary | CFD | SHORT | 1,642,668 | 2.8000 GBP |
28 4/7p ordinary | CFD | SHORT | 3,623 | 2.8083 GBP |
28 4/7p ordinary | CFD | SHORT | 4,981 | 2.8130 GBP |
28 4/7p ordinary | CFD | SHORT | 200,000 | 2.8150 GBP |
28 4/7p ordinary | CFD | SHORT | 300,000 | 2.8150 GBP |
28 4/7p ordinary | CFD | SHORT | 3,960 | 2.8166 GBP |
28 4/7p ordinary | CFD | SHORT | 246,040 | 2.8312 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 |
28 4/7p ordinary | CALL | 300,000 | 2.9000 GBP |
28 4/7p ordinary | CALL | 300,000 | 2.7500 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: | 23 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