Last checked at 25 Jul 2016 10:13
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: | 22 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 |
28 4/7p ordinary | PURCHASES | 2,965,570 | 2.2818 GBP | 2.2470 GBP |
28 4/7p ordinary | SALES | 1,773,154 | 2.2760 GBP | 2.2460 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 | 34,650 | 2.2478 GBP |
28 4/7p ordinary | CFD | LONG | 37,949 | 2.2508 GBP |
28 4/7p ordinary | CFD | LONG | 32,100 | 2.2510 GBP |
28 4/7p ordinary | CFD | LONG | 28,907 | 2.2510 GBP |
28 4/7p ordinary | CFD | LONG | 2,025 | 2.2510 GBP |
28 4/7p ordinary | CFD | LONG | 2,954 | 2.2510 GBP |
28 4/7p ordinary | CFD | LONG | 42,282 | 2.2510 GBP |
28 4/7p ordinary | CFD | LONG | 459 | 2.2510 GBP |
28 4/7p ordinary | CFD | LONG | 6,525 | 2.2510 GBP |
28 4/7p ordinary | CFD | LONG | 3,586 | 2.2512 GBP |
28 4/7p ordinary | CFD | LONG | 4,458 | 2.2522 GBP |
28 4/7p ordinary | CFD | LONG | 1,401 | 2.2522 GBP |
28 4/7p ordinary | CFD | LONG | 122,975 | 2.2542 GBP |
28 4/7p ordinary | CFD | LONG | 29,788 | 2.2566 GBP |
28 4/7p ordinary | CFD | LONG | 28,605 | 2.2585 GBP |
28 4/7p ordinary | CFD | LONG | 25,537 | 2.2603 GBP |
28 4/7p ordinary | CFD | LONG | 64,546 | 2.2605 GBP |
28 4/7p ordinary | CFD | LONG | 27,201 | 2.2624 GBP |
28 4/7p ordinary | CFD | LONG | 71,139 | 2.2630 GBP |
28 4/7p ordinary | CFD | LONG | 18,878 | 2.2640 GBP |
28 4/7p ordinary | CFD | LONG | 742 | 2.2640 GBP |
28 4/7p ordinary | CFD | LONG | 4,835 | 2.2640 GBP |
28 4/7p ordinary | CFD | LONG | 28,068 | 2.2645 GBP |
28 4/7p ordinary | CFD | LONG | 26,753 | 2.2645 GBP |
28 4/7p ordinary | CFD | LONG | 30,413 | 2.2655 GBP |
28 4/7p ordinary | CFD | LONG | 44,531 | 2.2662 GBP |
28 4/7p ordinary | CFD | LONG | 1,674 | 2.2668 GBP |
28 4/7p ordinary | CFD | LONG | 3,608 | 2.2674 GBP |
28 4/7p ordinary | CFD | LONG | 87,097 | 2.2677 GBP |
28 4/7p ordinary | CFD | LONG | 16,719 | 2.2677 GBP |
28 4/7p ordinary | CFD | LONG | 160,500 | 2.2698 GBP |
28 4/7p ordinary | CFD | LONG | 19,970 | 2.2702 GBP |
28 4/7p ordinary | CFD | LONG | 634 | 2.2760 GBP |
28 4/7p ordinary | CFD | SHORT | 569,907 | 2.2510 GBP |
28 4/7p ordinary | CFD | SHORT | 633 | 2.2510 GBP |
28 4/7p ordinary | CFD | SHORT | 4,746 | 2.2510 GBP |
28 4/7p ordinary | CFD | SHORT | 8,814 | 2.2510 GBP |
28 4/7p ordinary | CFD | SHORT | 1,174 | 2.2510 GBP |
28 4/7p ordinary | CFD | SHORT | 2,210 | 2.2510 GBP |
28 4/7p ordinary | CFD | SHORT | 16,573 | 2.2510 GBP |
28 4/7p ordinary | CFD | SHORT | 4,449 | 2.2556 GBP |
28 4/7p ordinary | CFD | SHORT | 13,794 | 2.2591 GBP |
28 4/7p ordinary | CFD | SHORT | 151,226 | 2.2601 GBP |
28 4/7p ordinary | CFD | SHORT | 7,737 | 2.2601 GBP |
28 4/7p ordinary | CFD | SHORT | 254,505 | 2.2601 GBP |
28 4/7p ordinary | CFD | SHORT | 143,027 | 2.2604 GBP |
28 4/7p ordinary | CFD | SHORT | 12,458 | 2.2609 GBP |
28 4/7p ordinary | CFD | SHORT | 9,876 | 2.2609 GBP |
28 4/7p ordinary | CFD | SHORT | 3,340 | 2.2609 GBP |
28 4/7p ordinary | CFD | SHORT | 5,300 | 2.2610 GBP |
28 4/7p ordinary | CFD | SHORT | 10,104 | 2.2628 GBP |
28 4/7p ordinary | CFD | SHORT | 20,650 | 2.2628 GBP |
28 4/7p ordinary | CFD | SHORT | 55,809 | 2.2634 GBP |
28 4/7p ordinary | CFD | SHORT | 2,334 | 2.2638 GBP |
28 4/7p ordinary | CFD | SHORT | 17,427 | 2.2645 GBP |
28 4/7p ordinary | CFD | SHORT | 4,670 | 2.2645 GBP |
28 4/7p ordinary | CFD | SHORT | 13,814 | 2.2645 GBP |
28 4/7p ordinary | CFD | SHORT | 3,982 | 2.2656 GBP |
28 4/7p ordinary | CFD | SHORT | 1,072 | 2.2660 GBP |
28 4/7p ordinary | CFD | SHORT | 20 | 2.2660 GBP |
28 4/7p ordinary | CFD | SHORT | 388 | 2.2660 GBP |
28 4/7p ordinary | CFD | SHORT | 74,194 | 2.2662 GBP |
28 4/7p ordinary | CFD | SHORT | 90,263 | 2.2666 GBP |
28 4/7p ordinary | CFD | SHORT | 22,906 | 2.2672 GBP |
28 4/7p ordinary | CFD | SHORT | 18,159 | 2.2672 GBP |
28 4/7p ordinary | CFD | SHORT | 6,140 | 2.2672 GBP |
28 4/7p ordinary | CFD | SHORT | 51,358 | 2.2693 GBP |
28 4/7p ordinary | CFD | SHORT | 2,633 | 2.2710 GBP |
28 4/7p ordinary | CFD | SHORT | 2,658 | 2.2714 GBP |
28 4/7p ordinary | CFD | SHORT | 9,056 | 2.2731 GBP |
28 4/7p ordinary | CFD | SHORT | 13,800 | 2.2750 GBP |
28 4/7p ordinary | CFD | SHORT | 21,408 | 2.2818 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: | 25 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 monitoring@disclosure.org.uk. 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.