RNS Number : 8081O
Morgan Stanley & Co. Int'l plc
14 June 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:

13 June 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

3,974,441

1.1901 GBP

1.1051 GBP

0.5p ordinary

SALES

3,160,401

1.1950 GBP

1.0969 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

1,368

1.0969 GBP

0.5p ordinary

CFD

increasing a long position

7,791

1.1071 GBP

0.5p ordinary

CFD

increasing a long position

23,200

1.1201 GBP

0.5p ordinary

CFD

increasing a long position

40,000

1.1221 GBP

0.5p ordinary

CFD

increasing a long position

2,748

1.1250 GBP

0.5p ordinary

CFD

increasing a long position

4,206

1.1386 GBP

0.5p ordinary

CFD

increasing a long position

51,837

1.1404 GBP

0.5p ordinary

CFD

increasing a long position

11,194

1.1431 GBP

0.5p ordinary

CFD

increasing a long position

6,211

1.1479 GBP

0.5p ordinary

CFD

increasing a long position

53

1.1682 GBP

0.5p ordinary

CFD

increasing a long position

3,107

1.1930 GBP

0.5p ordinary

CFD

increasing a short position

45,000

1.1200 GBP

0.5p ordinary

CFD

increasing a short position

2,676

1.1203 GBP

0.5p ordinary

CFD

increasing a short position

35,915

1.1220 GBP

0.5p ordinary

CFD

increasing a short position

16,852

1.1250 GBP

0.5p ordinary

CFD

increasing a short position

500,000

1.1250 GBP

0.5p ordinary

CFD

increasing a short position

1,000,000

1.1259 GBP

0.5p ordinary

CFD

increasing a short position

13,100

1.1317 GBP

0.5p ordinary

CFD

increasing a short position

52,047

1.1318 GBP

0.5p ordinary

CFD

increasing a short position

11,711

1.1378 GBP

0.5p ordinary

CFD

increasing a short position

13,000

1.1450 GBP

0.5p ordinary

CFD

increasing a short position

903,319

1.1461 GBP

0.5p ordinary

CFD

increasing a short position

45,000

1.1627 GBP

0.5p ordinary

CFD

increasing a short position

25,000

1.1800 GBP

0.5p ordinary

CFD

reducing a long position

84,938

1.1223 GBP

0.5p ordinary

CFD

reducing a long position

5,555

1.1250 GBP

0.5p ordinary

CFD

reducing a long position

8,100

1.1250 GBP

0.5p ordinary

CFD

reducing a long position

37,786

1.1250 GBP

0.5p ordinary

CFD

reducing a long position

43

1.1253 GBP

0.5p ordinary

CFD

reducing a long position

34,091

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

278,838

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

21,066

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

22,438

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

276

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

2,202

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

351

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

3,522

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

1,449

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

1,232

1.1269 GBP

0.5p ordinary

CFD

reducing a long position

1,100

1.1308 GBP

0.5p ordinary

CFD

reducing a long position

38,714

1.1446 GBP

0.5p ordinary

CFD

reducing a long position

118,111

1.1484 GBP

0.5p ordinary

CFD

reducing a long position

51,837

1.1506 GBP

0.5p ordinary

CFD

reducing a long position

73,130

1.1515 GBP

0.5p ordinary

CFD

reducing a long position

11,194

1.1678 GBP

0.5p ordinary

CFD

reducing a long position

57,359

1.1711 GBP

0.5p ordinary

CFD

reducing a long position

7,300

1.1759 GBP

0.5p ordinary

CFD

reducing a long position

3,107

1.1841 GBP

0.5p ordinary

CFD

reducing a long position

592

1.1901 GBP

0.5p ordinary

CFD

reducing a short position

153,591

1.1116 GBP

0.5p ordinary

CFD

reducing a short position

78,693

1.1251 GBP

0.5p ordinary

CFD

reducing a short position

215,000

1.1256 GBP

0.5p ordinary

CFD

reducing a short position

11,711

1.1347 GBP

0.5p ordinary

CFD

reducing a short position

783,000

1.1444 GBP

0.5p ordinary

CFD

reducing a short position

26,756

1.1506 GBP

0.5p ordinary

CFD

reducing a short position

7,766

1.1506 GBP

0.5p ordinary

CFD

reducing a short position

9,494

1.1506 GBP

0.5p ordinary

CFD

reducing a short position

43,154

1.1506 GBP

0.5p ordinary

CFD

reducing a short position

3,000

1.1740 GBP

0.5p ordinary

CFD

reducing a short position

24,068

1.1761 GBP

0.5p ordinary

CFD

reducing a short position

29,416

1.1761 GBP

0.5p ordinary

CFD

reducing a short position

133,710

1.1761 GBP

0.5p ordinary

CFD

reducing a short position

82,900

1.1761 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:

14 June 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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