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26 May 2022 09:03
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: | 25 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 | 1,295,167 | 1.4970 GBP | 1.3440 GBP |
0.5p ordinary | SALES | 1,896,561 | 1.4971 GBP | 1.3200 GBP |
0.5p ordinary | SALES | 8,405 | 1.8369 USD | 1.8369 USD |
(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 | 40,000 | 1.3900 GBP |
0.5p ordinary | CFD | increasing a long position | 943 | 1.3975 GBP |
0.5p ordinary | CFD | increasing a long position | 8,405 | 1.4653 GBP |
0.5p ordinary | CFD | increasing a long position | 31,869 | 1.4792 GBP |
0.5p ordinary | CFD | increasing a long position | 64,676 | 1.4970 GBP |
0.5p ordinary | CFD | increasing a long position | 55 | 1.4970 GBP |
0.5p ordinary | CFD | increasing a short position | 475 | 1.3440 GBP |
0.5p ordinary | CFD | increasing a short position | 100 | 1.3440 GBP |
0.5p ordinary | CFD | increasing a short position | 2,000 | 1.3440 GBP |
0.5p ordinary | CFD | increasing a short position | 27,339 | 1.3838 GBP |
0.5p ordinary | CFD | increasing a short position | 18,055 | 1.3913 GBP |
0.5p ordinary | CFD | increasing a short position | 11,724 | 1.3972 GBP |
0.5p ordinary | CFD | increasing a short position | 73,641 | 1.4109 GBP |
0.5p ordinary | CFD | increasing a short position | 19,603 | 1.4237 GBP |
0.5p ordinary | CFD | increasing a short position | 57,486 | 1.4246 GBP |
0.5p ordinary | CFD | increasing a short position | 18,744 | 1.4259 GBP |
0.5p ordinary | CFD | increasing a short position | 13,824 | 1.4287 GBP |
0.5p ordinary | CFD | increasing a short position | 73,050 | 1.4301 GBP |
0.5p ordinary | CFD | increasing a short position | 11,323 | 1.4595 GBP |
0.5p ordinary | CFD | increasing a short position | 15,515 | 1.4660 GBP |
0.5p ordinary | CFD | reducing a long position | 154 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 13,714 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 630 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 120,047 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 864 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 542 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 9,438 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 9,843 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 119 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 1,522 | 1.3990 GBP |
0.5p ordinary | CFD | reducing a long position | 38,467 | 1.4242 GBP |
0.5p ordinary | CFD | reducing a long position | 7,000 | 1.4724 GBP |
0.5p ordinary | CFD | reducing a long position | 265 | 1.4770 GBP |
0.5p ordinary | CFD | reducing a long position | 43,171 | 1.4970 GBP |
0.5p ordinary | CFD | reducing a short position | 73,641 | 1.3699 GBP |
0.5p ordinary | CFD | reducing a short position | 27,339 | 1.3837 GBP |
0.5p ordinary | CFD | reducing a short position | 493 | 1.3975 GBP |
0.5p ordinary | CFD | reducing a short position | 116,490 | 1.4130 GBP |
0.5p ordinary | CFD | reducing a short position | 73,642 | 1.4198 GBP |
0.5p ordinary | CFD | reducing a short position | 78,050 | 1.4216 GBP |
0.5p ordinary | CFD | reducing a short position | 32,367 | 1.4243 GBP |
0.5p ordinary | CFD | reducing a short position | 500,000 | 1.4406 GBP |
0.5p ordinary | CFD | reducing a short position | 11,323 | 1.4775 GBP |
0.5p ordinary | CFD | reducing a short position | 114,940 | 1.4970 GBP |
0.5p ordinary | CFD | reducing a short position | 475 | 1.4970 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: | 26 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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