RNS Number : 5803M
Morgan Stanley & Co. Int'l plc
24 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:

23 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

SALES

3,356,522

1.5295 GBP

1.3905 GBP

0.5p ordinary

PURCHASES

2,409,275

1.5350 GBP

1.3905 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

8,082

1.3905 GBP

0.5p ordinary

CFD

increasing a long position

5,298

1.3905 GBP

0.5p ordinary

CFD

increasing a long position

23,267

1.3908 GBP

0.5p ordinary

CFD

increasing a long position

781

1.3935 GBP

0.5p ordinary

CFD

increasing a long position

60,653

1.4068 GBP

0.5p ordinary

CFD

increasing a long position

2,560

1.4068 GBP

0.5p ordinary

CFD

increasing a long position

3,023

1.4093 GBP

0.5p ordinary

CFD

increasing a long position

59,004

1.4100 GBP

0.5p ordinary

CFD

increasing a long position

8,911

1.4120 GBP

0.5p ordinary

CFD

increasing a long position

10,891

1.4120 GBP

0.5p ordinary

CFD

increasing a long position

49,505

1.4121 GBP

0.5p ordinary

CFD

increasing a long position

30,693

1.4121 GBP

0.5p ordinary

CFD

increasing a long position

22,140

1.4348 GBP

0.5p ordinary

CFD

increasing a long position

43,639

1.4350 GBP

0.5p ordinary

CFD

increasing a long position

183,000

1.4425 GBP

0.5p ordinary

CFD

increasing a long position

49,278

1.4435 GBP

0.5p ordinary

CFD

increasing a long position

50,050

1.4477 GBP

0.5p ordinary

CFD

increasing a long position

9,979

1.4972 GBP

0.5p ordinary

CFD

increasing a short position

492

1.3905 GBP

0.5p ordinary

CFD

increasing a short position

15,680

1.3906 GBP

0.5p ordinary

CFD

increasing a short position

9,187

1.3958 GBP

0.5p ordinary

CFD

increasing a short position

43,438

1.3975 GBP

0.5p ordinary

CFD

increasing a short position

128,988

1.3978 GBP

0.5p ordinary

CFD

increasing a short position

10,000

1.4068 GBP

0.5p ordinary

CFD

increasing a short position

250,000

1.4089 GBP

0.5p ordinary

CFD

increasing a short position

58,601

1.4100 GBP

0.5p ordinary

CFD

increasing a short position

24,500

1.4785 GBP

0.5p ordinary

CFD

reducing a long position

30,779

1.3905 GBP

0.5p ordinary

CFD

reducing a long position

19,773

1.3918 GBP

0.5p ordinary

CFD

reducing a long position

191,256

1.3975 GBP

0.5p ordinary

CFD

reducing a long position

49,505

1.4058 GBP

0.5p ordinary

CFD

reducing a long position

8,911

1.4058 GBP

0.5p ordinary

CFD

reducing a long position

30,693

1.4058 GBP

0.5p ordinary

CFD

reducing a long position

10,891

1.4058 GBP

0.5p ordinary

CFD

reducing a long position

305

1.4060 GBP

0.5p ordinary

CFD

reducing a long position

141

1.4064 GBP

0.5p ordinary

CFD

reducing a long position

492

1.4100 GBP

0.5p ordinary

CFD

reducing a long position

757

1.4108 GBP

0.5p ordinary

CFD

reducing a long position

729

1.4113 GBP

0.5p ordinary

CFD

reducing a long position

516

1.4131 GBP

0.5p ordinary

CFD

reducing a long position

53

1.4168 GBP

0.5p ordinary

CFD

reducing a long position

234

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

26,324

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

231,551

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

18,696

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

3,008

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

294

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

18,981

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

1,669

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

1,241

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

1,047

1.4188 GBP

0.5p ordinary

CFD

reducing a long position

43,639

1.4244 GBP

0.5p ordinary

CFD

reducing a long position

39,898

1.4246 GBP

0.5p ordinary

CFD

reducing a long position

2,261

1.4303 GBP

0.5p ordinary

CFD

reducing a long position

462

1.4440 GBP

0.5p ordinary

CFD

reducing a long position

49,278

1.4480 GBP

0.5p ordinary

CFD

reducing a long position

9,789

1.4580 GBP

0.5p ordinary

CFD

reducing a long position

9,979

1.4991 GBP

0.5p ordinary

CFD

reducing a long position

445

1.5350 GBP

0.5p ordinary

CFD

reducing a short position

122,216

1.3905 GBP

0.5p ordinary

CFD

reducing a short position

10,716

1.3906 GBP

0.5p ordinary

CFD

reducing a short position

100,664

1.4148 GBP

0.5p ordinary

CFD

reducing a short position

179,008

1.4219 GBP

0.5p ordinary

CFD

reducing a short position

143,600

1.4271 GBP

0.5p ordinary

CFD

reducing a short position

1,017,738

1.4410 GBP

0.5p ordinary

CFD

reducing a short position

152

1.4489 GBP

0.5p ordinary

CFD

reducing a short position

1,708

1.4510 GBP

0.5p ordinary

CFD

reducing a short position

583

1.4561 GBP

0.5p ordinary

CFD

reducing a short position

99

1.4955 GBP

0.5p ordinary

CFD

reducing a short position

7,000

1.5127 GBP

0.5p ordinary

CFD

reducing a short position

7,252

1.5265 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:

24 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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