21 Dec 2015 10:57
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 | Royal Dutch Shell Plc |
(c) Name of the party to the offer with which exempt principal trader is connected:
| BG Group Plc |
(d) Date dealing undertaken: | 18 DECEMBER 2015 |
(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 |
EUR 0.07 A ordinary | PURCHASES | 1,730,574 | 25.0000 EUR | 20.0150 EUR |
EUR 0.07 A ordinary | SALES | 2,594,138 | 32.0000 EUR | 20.0200 EUR |
EUR 0.07 A ordinary | PURCHASES | 1,105,191 | 22.0000 GBP | 14.4000 GBP |
EUR 0.07 A ordinary | SALES | 1,284,833 | 14.7550 GBP | 14.4000 GBP |
EUR 0.07 B ordinary | PURCHASES | 1,500 | 20.5450 EUR | 20.5450 EUR |
EUR 0.07 B ordinary | SALES | 1,500 | 20.5450 EUR | 20.5450 EUR |
EUR 0.07 B ordinary | PURCHASES | 3,915,012 | 20.0000 GBP | 14.4650 GBP |
EUR 0.07 B ordinary | SALES | 3,357,587 | 15.0000 GBP | 14.4850 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 |
EUR 0.07 A ordinary | FUTURE | SALE | 2,525 | 1.7050 EUR |
EUR 0.07 A ordinary | FUTURE | SALE | 250 | 1.7050 EUR |
EUR 0.07 A ordinary | CFD | LONG | 3,107 | 20.0200 EUR |
EUR 0.07 A ordinary | CFD | LONG | 1,500 | 20.2150 EUR |
EUR 0.07 A ordinary | CFD | LONG | 8,058 | 20.2654 EUR |
EUR 0.07 A ordinary | CFD | LONG | 7,724 | 20.2655 EUR |
EUR 0.07 A ordinary | CFD | LONG | 460 | 20.2655 EUR |
EUR 0.07 A ordinary | CFD | LONG | 6,081 | 20.2655 EUR |
EUR 0.07 A ordinary | CFD | LONG | 26,459 | 20.2875 EUR |
EUR 0.07 A ordinary | CFD | LONG | 2,562 | 20.2888 EUR |
EUR 0.07 A ordinary | CFD | LONG | 147,324 | 20.2938 EUR |
EUR 0.07 A ordinary | CFD | LONG | 709 | 20.2954 EUR |
EUR 0.07 A ordinary | CFD | LONG | 306 | 20.3016 EUR |
EUR 0.07 A ordinary | CFD | LONG | 541,938 | 20.3016 EUR |
EUR 0.07 A ordinary | CFD | LONG | 26,170 | 20.3052 EUR |
EUR 0.07 A ordinary | CFD | LONG | 384,205 | 20.3052 EUR |
EUR 0.07 A ordinary | CFD | LONG | 478 | 20.3497 EUR |
EUR 0.07 A ordinary | CFD | LONG | 4,061 | 20.4242 EUR |
EUR 0.07 A ordinary | CFD | LONG | 2,275 | 20.4340 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 1,500 | 20.2400 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 1,627 | 20.2924 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 534,996 | 20.2968 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 123,944 | 20.2993 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 7,092 | 20.3000 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 7,024 | 20.3000 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 4,579 | 20.3000 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 24,241 | 20.3000 EUR |
EUR 0.07 A ordinary | FUTURE | SALE | 566 | 20.3000 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 25,811 | 20.3011 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 2,263 | 20.3288 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 844 | 20.3293 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 272 | 20.3545 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 4,575 | 20.3545 EUR |
EUR 0.07 A ordinary | CFD | SHORT | 4,568 | 20.3545 EUR |
EUR 0.07 A ordinary | CFD | LONG | 213 | 14.4750 GBP |
EUR 0.07 A ordinary | CFD | LONG | 11,488 | 14.5196 GBP |
EUR 0.07 A ordinary | CFD | LONG | 10 | 14.5350 GBP |
EUR 0.07 A ordinary | CFD | LONG | 241 | 14.5800 GBP |
EUR 0.07 A ordinary | CFD | LONG | 96,135 | 14.6020 GBP |
EUR 0.07 A ordinary | CFD | LONG | 22,983 | 14.6212 GBP |
EUR 0.07 A ordinary | CFD | LONG | 1,114 | 14.6212 GBP |
EUR 0.07 A ordinary | CFD | LONG | 3,423 | 14.6212 GBP |
EUR 0.07 A ordinary | CFD | LONG | 42,190 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | LONG | 816 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | LONG | 39 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | LONG | 284 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | LONG | 80,740 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | LONG | 26,868 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 4,662 | 14.5883 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 53,855 | 14.5883 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 36,292 | 14.5883 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 6,947 | 14.5883 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 17,395 | 14.6026 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 55,661 | 14.6075 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 6,500 | 14.6129 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 4,770 | 14.6190 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 1,967 | 14.6228 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 2,068 | 14.6239 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 1 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 4,368 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 2,821 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 14,934 | 14.6350 GBP |
EUR 0.07 A ordinary | CFD | SHORT | 23,328 | 14.6350 GBP |
EUR 0.07 B ordinary | CFD | LONG | 236 | 14.6518 GBP |
EUR 0.07 B ordinary | CFD | LONG | 960 | 14.6582 GBP |
EUR 0.07 B ordinary | CFD | LONG | 4,671 | 14.6925 GBP |
EUR 0.07 B ordinary | CFD | LONG | 53,867 | 14.6925 GBP |
EUR 0.07 B ordinary | CFD | LONG | 6,958 | 14.6925 GBP |
EUR 0.07 B ordinary | CFD | LONG | 36,303 | 14.6925 GBP |
EUR 0.07 B ordinary | CFD | LONG | 40,086 | 14.6943 GBP |
EUR 0.07 B ordinary | CFD | LONG | 303,494 | 14.6966 GBP |
EUR 0.07 B ordinary | CFD | LONG | 43,512 | 14.7020 GBP |
EUR 0.07 B ordinary | CFD | LONG | 4,716 | 14.7050 GBP |
EUR 0.07 B ordinary | CFD | LONG | 797 | 14.7072 GBP |
EUR 0.07 B ordinary | CFD | LONG | 100,292 | 14.7088 GBP |
EUR 0.07 B ordinary | CFD | LONG | 445,400 | 14.7152 GBP |
EUR 0.07 B ordinary | CFD | LONG | 93,000 | 14.7156 GBP |
EUR 0.07 B ordinary | CFD | LONG | 125,000 | 14.7163 GBP |
EUR 0.07 B ordinary | CFD | LONG | 8,908 | 14.7163 GBP |
EUR 0.07 B ordinary | CFD | LONG | 17,975 | 14.7177 GBP |
EUR 0.07 B ordinary | CFD | LONG | 891 | 14.7378 GBP |
EUR 0.07 B ordinary | CFD | LONG | 8,832 | 14.7424 GBP |
EUR 0.07 B ordinary | CFD | LONG | 1,390 | 14.7424 GBP |
EUR 0.07 B ordinary | CFD | LONG | 6,010 | 14.7424 GBP |
EUR 0.07 B ordinary | CFD | LONG | 932 | 14.7424 GBP |
EUR 0.07 B ordinary | CFD | LONG | 1,188 | 14.7425 GBP |
EUR 0.07 B ordinary | CFD | LONG | 24,511 | 14.7425 GBP |
EUR 0.07 B ordinary | CFD | LONG | 3,650 | 14.7425 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 2,846 | 14.6897 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 3,710 | 14.6900 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 2 | 14.6900 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 5,746 | 14.6900 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 19,643 | 14.6900 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 1,953 | 14.6900 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 1,559 | 14.6901 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 41,612 | 14.6993 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 9,567 | 14.7123 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 91,805 | 14.7130 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 64,273 | 14.7323 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 193,853 | 14.7323 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 162,708 | 14.7516 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 6,652 | 14.7516 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 14,675 | 14.7516 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 158,665 | 14.7516 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 160,408 | 14.7516 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 10,087 | 14.7516 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 10,000 | 14.7519 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 14,214 | 14.7519 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 2,332 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 37,084 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 36,681 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 37,616 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 1 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 1,537 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 3,392 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 1 | 14.7572 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 5,016 | 14.8373 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 205 | 14.8373 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 4,891 | 14.8373 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 4,945 | 14.8373 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 453 | 14.8373 GBP |
EUR 0.07 B ordinary | CFD | SHORT | 311 | 14.8373 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 |
EUR 0.07 A ordinary | CALL | PURCHASE | 4,000,000 | 0.2100 | E | 18/12/2015 | 0.0732 EUR |
EUR 0.07 A ordinary | CALL | SALE | 100,000 | 1.4300 | E | 18/12/2015 | 0.2750 EUR |
EUR 0.07 A ordinary | CALL | PURCHASE | 530,000 | 0.2400 | E | 18/12/2015 | 0.0399 GBP |
EUR 0.07 A ordinary | CALL | PURCHASE | 530,000 | 0.2400 | E | 18/12/2015 | 0.0399 GBP |
EUR 0.07 B ordinary | CALL | PURCHASE | 530,000 | 0.2400 | E | 18/12/2015 | 0.0600 GBP |
EUR 0.07 B ordinary | CALL | PURCHASE | 530,000 | 0.2400 | E | 18/12/2015 | 0.0600 GBP |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Number of securities | Exercise price per unit |
EUR 0.07 A ordinary | PUT | 48,400 | 25.0000 EUR |
EUR 0.07 A ordinary | PUT | 24,900 | 25.0000 EUR |
EUR 0.07 A ordinary | PUT | 125,000 | 20.0000 EUR |
EUR 0.07 A ordinary | PUT | 350,000 | 24.0000 EUR |
EUR 0.07 A ordinary | PUT | 250,000 | 25.0000 EUR |
EUR 0.07 A ordinary | CALL | 25,000 | 27.0000 EUR |
EUR 0.07 A ordinary | CALL | 250,000 | 29.0000 EUR |
EUR 0.07 A ordinary | CALL | 345,000 | 28.0000 EUR |
EUR 0.07 A ordinary | CALL | 69,000 | 25.5000 EUR |
EUR 0.07 A ordinary | CALL | 20,700 | 26.5000 EUR |
EUR 0.07 A ordinary | CALL | 549,400 | 26.0000 EUR |
EUR 0.07 A ordinary | CALL | 24,000 | 26.0000 EUR |
EUR 0.07 A ordinary | CALL | 74,900 | 24.5000 EUR |
EUR 0.07 A ordinary | CALL | 283,500 | 30.0000 EUR |
EUR 0.07 A ordinary | CALL | 650,000 | 25.0000 EUR |
EUR 0.07 A ordinary | CALL | 97,600 | 25.0000 EUR |
EUR 0.07 A ordinary | CALL | 75,000 | 19.5000 GBP |
EUR 0.07 B ordinary | PUT | 40,000 | 20.0000 GBP |
EUR 0.07 B ordinary | CALL | 250,000 | 19.0000 GBP |
EUR 0.07 B ordinary | CALL | 27,000 | 17.0000 GBP |
EUR 0.07 A ordinary | PUT | 137,800 | 25.0000 EUR |
EUR 0.07 A ordinary | CALL | 400,000 | 23.0000 EUR |
EUR 0.07 A ordinary | CALL | 80,000 | 28.0000 EUR |
EUR 0.07 A ordinary | CALL | 400,000 | 24.0000 EUR |
EUR 0.07 A ordinary | CALL | 13,200 | 24.0000 EUR |
EUR 0.07 A ordinary | CALL | 70,000 | 30.0000 EUR |
EUR 0.07 A ordinary | CALL | 250,000 | 25.0000 EUR |
EUR 0.07 A ordinary | CALL | 163,000 | 25.0000 EUR |
EUR 0.07 A ordinary | CALL | 350,100 | 27.0000 EUR |
EUR 0.07 A ordinary | CALL | 200,000 | 26.0000 EUR |
EUR 0.07 A ordinary | CALL | 24,800 | 26.0000 EUR |
EUR 0.07 A ordinary | CALL | 95,500 | 24.5000 EUR |
EUR 0.07 A ordinary | PUT | 11,000 | 22.0000 GBP |
EUR 0.07 B ordinary | CALL | 14,000 | 18.5000 GBP |
EUR 0.07 B ordinary | CALL | 79,000 | 18.0000 GBP |
EUR 0.07 B ordinary | CALL | 5,000 | 17.5000 GBP |
(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: | 21 DECEMBER 2015 |
| 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.