RNS Number : 4444M
Morgan Stanley & Co. Int'l plc
23 May 2022
 

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

THG plc

(c) Name of the party to the offer with which exempt principal trader is connected:

King Street Capital Management, L.P.

(d) Date dealing undertaken:

20 May 2022

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

     If it is a cash offer or possible cash offer, state "N/A"

NO

 

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

0.5p ordinary

PURCHASES

3,417,582

1.4860 GBP

1.4059 GBP

0.5p ordinary

SALES

4,436,420

1.5235 GBP

1.4009 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

0.5p ordinary

CFD

increasing a long position

3,813

1.4009 GBP

0.5p ordinary

CFD

increasing a long position

20,837

1.4161 GBP

0.5p ordinary

CFD

increasing a long position

5,710

1.4283 GBP

0.5p ordinary

CFD

increasing a long position

153,747

1.4452 GBP

0.5p ordinary

CFD

increasing a long position

13,836

1.4496 GBP

0.5p ordinary

CFD

increasing a long position

919

1.4500 GBP

0.5p ordinary

CFD

increasing a long position

7,401

1.4500 GBP

0.5p ordinary

CFD

increasing a long position

68,319

1.4500 GBP

0.5p ordinary

CFD

increasing a long position

3,930

1.4500 GBP

0.5p ordinary

CFD

increasing a long position

2,340

1.4509 GBP

0.5p ordinary

CFD

increasing a long position

15,325

1.4526 GBP

0.5p ordinary

CFD

increasing a long position

2,365

1.4536 GBP

0.5p ordinary

CFD

increasing a long position

10,000

1.4600 GBP

0.5p ordinary

CFD

increasing a short position

19,000

1.4101 GBP

0.5p ordinary

CFD

increasing a short position

21,894

1.4281 GBP

0.5p ordinary

CFD

increasing a short position

50,545

1.4462 GBP

0.5p ordinary

CFD

increasing a short position

24,377

1.4487 GBP

0.5p ordinary

CFD

increasing a short position

35,750

1.4493 GBP

0.5p ordinary

CFD

increasing a short position

100

1.4500 GBP

0.5p ordinary

CFD

increasing a short position

153,436

1.4527 GBP

0.5p ordinary

CFD

increasing a short position

13,639

1.4793 GBP

0.5p ordinary

CFD

reducing a long position

18,777

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

2,977

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

291

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

1,228

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

1,651

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

232

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

18,496

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

229,066

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

26,042

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

1,036

1.4428 GBP

0.5p ordinary

CFD

reducing a long position

121,904

1.4454 GBP

0.5p ordinary

CFD

reducing a long position

49,356

1.4484 GBP

0.5p ordinary

CFD

reducing a long position

29,670

1.4500 GBP

0.5p ordinary

CFD

reducing a long position

4,713

1.4504 GBP

0.5p ordinary

CFD

reducing a long position

3

1.4525 GBP

0.5p ordinary

CFD

reducing a long position

46,429

1.4575 GBP

0.5p ordinary

CFD

reducing a long position

413,000

1.4596 GBP

0.5p ordinary

CFD

reducing a long position

24

1.4621 GBP

0.5p ordinary

CFD

reducing a long position

73,410

1.4685 GBP

0.5p ordinary

CFD

reducing a short position

100

1.4030 GBP

0.5p ordinary

CFD

reducing a short position

633

1.4270 GBP

0.5p ordinary

CFD

reducing a short position

1,030

1.4270 GBP

0.5p ordinary

CFD

reducing a short position

1,059

1.4290 GBP

0.5p ordinary

CFD

reducing a short position

4,285

1.4394 GBP

0.5p ordinary

CFD

reducing a short position

16,607

1.4395 GBP

0.5p ordinary

CFD

reducing a short position

67,206

1.4407 GBP

0.5p ordinary

CFD

reducing a short position

152,133

1.4407 GBP

0.5p ordinary

CFD

reducing a short position

32,087

1.4407 GBP

0.5p ordinary

CFD

reducing a short position

966

1.4407 GBP

0.5p ordinary

CFD

reducing a short position

1,504

1.4433 GBP

0.5p ordinary

CFD

reducing a short position

22,162

1.4433 GBP

0.5p ordinary

CFD

reducing a short position

50,545

1.4440 GBP

0.5p ordinary

CFD

reducing a short position

14,554

1.4447 GBP

0.5p ordinary

CFD

reducing a short position

2,500

1.4456 GBP

0.5p ordinary

CFD

reducing a short position

170,637

1.4466 GBP

0.5p ordinary

CFD

reducing a short position

14,266

1.4481 GBP

0.5p ordinary

CFD

reducing a short position

153,436

1.4487 GBP

0.5p ordinary

CFD

reducing a short position

32,131

1.4496 GBP

0.5p ordinary

CFD

reducing a short position

250,000

1.4499 GBP

0.5p ordinary

CFD

reducing a short position

13,639

1.4500 GBP

0.5p ordinary

CFD

reducing a short position

57,190

1.4500 GBP

0.5p ordinary

CFD

reducing a short position

34,407

1.4501 GBP

0.5p ordinary

CFD

reducing a short position

4,671

1.4502 GBP

0.5p ordinary

CFD

reducing a short position

6,571

1.4508 GBP

0.5p ordinary

CFD

reducing a short position

318

1.4508 GBP

0.5p ordinary

CFD

reducing a short position

2,933

1.4511 GBP

0.5p ordinary

CFD

reducing a short position

1,108

1.4511 GBP

0.5p ordinary

CFD

reducing a short position

8,106

1.4521 GBP

0.5p ordinary

CFD

reducing a short position

3,948

1.4546 GBP

0.5p ordinary

CFD

reducing a short position

57

1.4619 GBP

0.5p ordinary

CFD

reducing a short position

75

1.4620 GBP

0.5p ordinary

CFD

reducing a short position

8

1.4625 GBP

0.5p ordinary

CFD

reducing a short position

450,000

1.4691 GBP

0.5p ordinary

CFD

reducing a short position

69,942

1.4713 GBP

0.5p ordinary

CFD

reducing a short position

19,000

1.4732 GBP

0.5p ordinary

CFD

reducing a short position

24,377

1.4799 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

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

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

 

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:

Irrevocable commitments and letters of intent should not be included.  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 May 2022
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. 

 

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.

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