Last checked at 1 Sep 2016 10:17
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: | 31 AUGUST 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 | PURCHASES | 700,000 | 103.6900 GBP | 103.6900 GBP |
Perpetual convertible bonds | PURCHASES | 1,000,000 | 97.6500 GBP | 97.6500 GBP |
28 4/7p ordinary | PURCHASES | 4,982,137 | 2.4270 GBP | 2.3850 GBP |
28 4/7p ordinary | SALES | 11,651,102 | 2.4280 GBP | 2.3840 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 | 776 | 2.3980 GBP |
28 4/7p ordinary | CFD | LONG | 958,800 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 3,237 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 8,106 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 4,736 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 75,200 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 731 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 244,400 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 51,940 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 70,500 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 4,366 | 2.4030 GBP |
28 4/7p ordinary | CFD | LONG | 4,800 | 2.4056 GBP |
28 4/7p ordinary | CFD | LONG | 3,900 | 2.4056 GBP |
28 4/7p ordinary | CFD | LONG | 335,629 | 2.4075 GBP |
28 4/7p ordinary | CFD | LONG | 168,910 | 2.4075 GBP |
28 4/7p ordinary | CFD | LONG | 7,319 | 2.4081 GBP |
28 4/7p ordinary | CFD | LONG | 1,886 | 2.4081 GBP |
28 4/7p ordinary | CFD | LONG | 4,546 | 2.4121 GBP |
28 4/7p ordinary | CFD | LONG | 1,083 | 2.4124 GBP |
28 4/7p ordinary | CFD | LONG | 78,846 | 2.4128 GBP |
28 4/7p ordinary | CFD | LONG | 18,028 | 2.4133 GBP |
28 4/7p ordinary | CFD | LONG | 7,774 | 2.4133 GBP |
28 4/7p ordinary | CFD | LONG | 22,375 | 2.4133 GBP |
28 4/7p ordinary | CFD | LONG | 177,142 | 2.4137 GBP |
28 4/7p ordinary | CFD | LONG | 70,911 | 2.4137 GBP |
28 4/7p ordinary | CFD | LONG | 62,495 | 2.4159 GBP |
28 4/7p ordinary | CFD | LONG | 2,566 | 2.4159 GBP |
28 4/7p ordinary | CFD | LONG | 43,037 | 2.4161 GBP |
28 4/7p ordinary | CFD | LONG | 5,809 | 2.4170 GBP |
28 4/7p ordinary | CFD | LONG | 2,325 | 2.4170 GBP |
28 4/7p ordinary | CFD | LONG | 46,544 | 2.4176 GBP |
28 4/7p ordinary | CFD | LONG | 1,926 | 2.4185 GBP |
28 4/7p ordinary | CFD | LONG | 770 | 2.4185 GBP |
28 4/7p ordinary | CFD | LONG | 107,868 | 2.4189 GBP |
28 4/7p ordinary | CFD | LONG | 4,510 | 2.4195 GBP |
28 4/7p ordinary | CFD | LONG | 54,407 | 2.4210 GBP |
28 4/7p ordinary | CFD | LONG | 9,183 | 2.4211 GBP |
28 4/7p ordinary | CFD | LONG | 3,679 | 2.4211 GBP |
28 4/7p ordinary | CFD | LONG | 33,377 | 2.4213 GBP |
28 4/7p ordinary | CFD | LONG | 83,387 | 2.4213 GBP |
28 4/7p ordinary | CFD | LONG | 51,367 | 2.4223 GBP |
28 4/7p ordinary | CFD | LONG | 30,244 | 2.4223 GBP |
28 4/7p ordinary | CFD | LONG | 36 | 2.4224 GBP |
28 4/7p ordinary | CFD | LONG | 15,356 | 2.4224 GBP |
28 4/7p ordinary | CFD | LONG | 486 | 2.4224 GBP |
28 4/7p ordinary | CFD | LONG | 7,610 | 2.4228 GBP |
28 4/7p ordinary | CFD | LONG | 19,013 | 2.4228 GBP |
28 4/7p ordinary | CFD | LONG | 3,837 | 2.4232 GBP |
28 4/7p ordinary | CFD | LONG | 9,584 | 2.4232 GBP |
28 4/7p ordinary | CFD | LONG | 1,380 | 2.4234 GBP |
28 4/7p ordinary | CFD | LONG | 248 | 2.4234 GBP |
28 4/7p ordinary | CFD | LONG | 6,224 | 2.4234 GBP |
28 4/7p ordinary | CFD | LONG | 7,785 | 2.4241 GBP |
28 4/7p ordinary | CFD | LONG | 3,116 | 2.4241 GBP |
28 4/7p ordinary | CFD | LONG | 11,300 | 2.4253 GBP |
28 4/7p ordinary | CFD | SHORT | 697 | 2.4030 GBP |
28 4/7p ordinary | CFD | SHORT | 1,294 | 2.4030 GBP |
28 4/7p ordinary | CFD | SHORT | 2,434 | 2.4030 GBP |
28 4/7p ordinary | CFD | SHORT | 51,267 | 2.4030 GBP |
28 4/7p ordinary | CFD | SHORT | 8,106 | 2.4030 GBP |
28 4/7p ordinary | CFD | SHORT | 4,366 | 2.4030 GBP |
28 4/7p ordinary | CFD | SHORT | 49,926 | 2.4031 GBP |
28 4/7p ordinary | CFD | SHORT | 1,438 | 2.4033 GBP |
28 4/7p ordinary | CFD | SHORT | 12,558 | 2.4033 GBP |
28 4/7p ordinary | CFD | SHORT | 22,599 | 2.4086 GBP |
28 4/7p ordinary | CFD | SHORT | 77,078 | 2.4086 GBP |
28 4/7p ordinary | CFD | SHORT | 11,400 | 2.4091 GBP |
28 4/7p ordinary | CFD | SHORT | 9,200 | 2.4111 GBP |
28 4/7p ordinary | CFD | SHORT | 1,236 | 2.4125 GBP |
28 4/7p ordinary | CFD | SHORT | 84,476 | 2.4132 GBP |
28 4/7p ordinary | CFD | SHORT | 63,650 | 2.4135 GBP |
28 4/7p ordinary | CFD | SHORT | 98,314 | 2.4138 GBP |
28 4/7p ordinary | CFD | SHORT | 34,754 | 2.4138 GBP |
28 4/7p ordinary | CFD | SHORT | 15,532 | 2.4142 GBP |
28 4/7p ordinary | CFD | SHORT | 12,514 | 2.4142 GBP |
28 4/7p ordinary | CFD | SHORT | 5,397 | 2.4142 GBP |
28 4/7p ordinary | CFD | SHORT | 24,247 | 2.4146 GBP |
28 4/7p ordinary | CFD | SHORT | 60,191 | 2.4153 GBP |
28 4/7p ordinary | CFD | SHORT | 20,485 | 2.4166 GBP |
28 4/7p ordinary | CFD | SHORT | 2,350 | 2.4166 GBP |
28 4/7p ordinary | CFD | SHORT | 1,000,000 | 2.4180 GBP |
28 4/7p ordinary | CFD | SHORT | 1,505 | 2.4181 GBP |
28 4/7p ordinary | CFD | SHORT | 272 | 2.4181 GBP |
28 4/7p ordinary | CFD | SHORT | 6,707 | 2.4181 GBP |
28 4/7p ordinary | CFD | SHORT | 20 | 2.4188 GBP |
28 4/7p ordinary | CFD | SHORT | 1,506 | 2.4189 GBP |
28 4/7p ordinary | CFD | SHORT | 117 | 2.4189 GBP |
28 4/7p ordinary | CFD | SHORT | 10,641 | 2.4189 GBP |
28 4/7p ordinary | CFD | SHORT | 4,989 | 2.4198 GBP |
28 4/7p ordinary | CFD | SHORT | 11,569 | 2.4198 GBP |
28 4/7p ordinary | CFD | SHORT | 14,358 | 2.4198 GBP |
28 4/7p ordinary | CFD | SHORT | 7,447 | 2.4210 GBP |
28 4/7p ordinary | CFD | SHORT | 40,000 | 2.4220 GBP |
28 4/7p ordinary | CFD | SHORT | 2,092 | 2.4220 GBP |
28 4/7p ordinary | CFD | SHORT | 2,629 | 2.4255 GBP |
28 4/7p ordinary | CFD | SHORT | 1,134 | 2.4255 GBP |
28 4/7p ordinary | CFD | SHORT | 3,264 | 2.4255 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: | 01 SEPTEMBER 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.