Source - RNS
RNS Number : 7285K
Morgan Stanley
12 April 2018
 

FORM 8.5 (EPT/NON-RI)

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

Morgan Stanley France S.A.

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

KLEPIERRE S.A.

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

HAMMERSON PLC

(d) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

11 APRIL 2018

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

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

YES - Hammerson plc

 

2.         POSITIONS OF THE EXEMPT PRINCIPAL TRADER                            

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 

 

Class of relevant security:

 

EUR 1.40

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

1,522,286

0.48

1,111,396

0.35

(2) Cash-settled derivatives:

 

1,111,796

0.35

1,522,686

0.48

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00

0

0.00

 

     TOTAL:

2,634,082

0.84

2,634,082

0.84

 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:

N/A

Details, including nature of the rights concerned and relevant percentages:

N/A

 

 

3.         DEALINGS (IF ANY) 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 3(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 1.40

 PURCHASES

 174,862

 33.0383 EUR

 32.8063 EUR

 EUR 1.40

 SALES

 71,965

 32.9899 EUR

 32.9152 EUR

 EUR 1.40

 SALES

 73,901

 28.5064 GBP

 28.5064 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 1.40

 CFD

 LONG

 104

 32.7661 EUR

 EUR 1.40

 CFD

 LONG

 900

 32.8637 EUR

 EUR 1.40

 CFD

 LONG

 900

 32.8637 EUR

 EUR 1.40

 CFD

 LONG

 637

 32.9102 EUR

 EUR 1.40

 CFD

 LONG

 5,518

 32.9152 EUR

 EUR 1.40

 CFD

 LONG

 1,359

 32.9179 EUR

 EUR 1.40

 CFD

 LONG

 143

 32.9200 EUR

 EUR 1.40

 CFD

 LONG

 70

 32.9200 EUR

 EUR 1.40

 CFD

 LONG

 65

 32.9200 EUR

 EUR 1.40

 CFD

 LONG

 97

 32.9200 EUR

 EUR 1.40

 CFD

 LONG

 36

 32.9200 EUR

 EUR 1.40

 CFD

 LONG

 53

 32.9200 EUR

 EUR 1.40

 CFD

 LONG

 1,437

 32.9200 EUR

 EUR 1.40

 CFD

 LONG

 5,426

 32.9291 EUR

 EUR 1.40

 CFD

 LONG

 2

 32.9356 EUR

 EUR 1.40

 CFD

 LONG

 40

 32.9384 EUR

 EUR 1.40

 CFD

 LONG

 353

 32.9441 EUR

 EUR 1.40

 CFD

 LONG

 61

 32.9449 EUR

 EUR 1.40

 CFD

 LONG

 56

 32.9458 EUR

 EUR 1.40

 CFD

 LONG

 1,882

 32.9477 EUR

 EUR 1.40

 CFD

 LONG

 9

 32.9600 EUR

 EUR 1.40

 CFD

 LONG

 3,355

 32.9647 EUR

 EUR 1.40

 CFD

 LONG

 830

 32.9658 EUR

 EUR 1.40

 CFD

 LONG

 4,325

 32.9658 EUR

 EUR 1.40

 CFD

 LONG

 2,530

 32.9720 EUR

 EUR 1.40

 CFD

 LONG

 11,822

 32.9755 EUR

 EUR 1.40

 CFD

 LONG

 4,060

 32.9802 EUR

 EUR 1.40

 CFD

 LONG

 3,925

 32.9823 EUR

 EUR 1.40

 CFD

 LONG

 15,493

 32.9879 EUR

 EUR 1.40

 CFD

 LONG

 469

 32.9898 EUR

 EUR 1.40

 CFD

 LONG

 3,610

 32.9974 EUR

 EUR 1.40

 CFD

 LONG

 271

 33.0100 EUR

 EUR 1.40

 CFD

 LONG

 5

 33.0300 EUR

 EUR 1.40

 CFD

 LONG

 1,913

 33.0361 EUR

 EUR 1.40

 CFD

 LONG

 118

 33.0400 EUR

 EUR 1.40

 CFD

 LONG

 1

 33.0400 EUR

 EUR 1.40

 CFD

 LONG

 90

 33.0400 EUR

 EUR 1.40

 CFD

 SHORT

 4,536

 32.7665 EUR

 EUR 1.40

 CFD

 SHORT

 2,413

 32.7747 EUR

 EUR 1.40

 CFD

 SHORT

 4,495

 32.7872 EUR

 EUR 1.40

 CFD

 SHORT

 11

 32.8063 EUR

 EUR 1.40

 CFD

 SHORT

 5,155

 32.8839 EUR

 EUR 1.40

 CFD

 SHORT

 90

 32.8987 EUR

 EUR 1.40

 CFD

 SHORT

 100

 32.8987 EUR

 EUR 1.40

 CFD

 SHORT

 71

 32.9173 EUR

 EUR 1.40

 CFD

 SHORT

 134

 32.9200 EUR

 EUR 1.40

 CFD

 SHORT

 870

 32.9200 EUR

 EUR 1.40

 CFD

 SHORT

 1,364

 32.9200 EUR

 EUR 1.40

 CFD

 SHORT

 1,365

 32.9200 EUR

 EUR 1.40

 CFD

 SHORT

 1,310

 32.9204 EUR

 EUR 1.40

 CFD

 SHORT

 8,489

 32.9218 EUR

 EUR 1.40

 CFD

 SHORT

 1,101

 32.9228 EUR

 EUR 1.40

 CFD

 SHORT

 584

 32.9246 EUR

 EUR 1.40

 CFD

 SHORT

 520

 32.9281 EUR

 EUR 1.40

 CFD

 SHORT

 5,620

 32.9300 EUR

 EUR 1.40

 CFD

 SHORT

 27

 32.9377 EUR

 EUR 1.40

 CFD

 SHORT

 4,975

 32.9440 EUR

 EUR 1.40

 CFD

 SHORT

 287

 32.9440 EUR

 EUR 1.40

 CFD

 SHORT

 4,618

 32.9440 EUR

 EUR 1.40

 CFD

 SHORT

 1,012

 32.9440 EUR

 EUR 1.40

 CFD

 SHORT

 5,411

 32.9440 EUR

 EUR 1.40

 CFD

 SHORT

 738

 32.9440 EUR

 EUR 1.40

 CFD

 SHORT

 899

 32.9457 EUR

 EUR 1.40

 CFD

 SHORT

 900

 32.9488 EUR

 EUR 1.40

 CFD

 SHORT

 900

 32.9488 EUR

 EUR 1.40

 CFD

 SHORT

 112,500

 32.9539 EUR

 EUR 1.40

 CFD

 SHORT

 12

 32.9566 EUR

 EUR 1.40

 CFD

 SHORT

 4,212

 32.9656 EUR

 EUR 1.40

 CFD

 SHORT

 12

 32.9958 EUR

 EUR 1.40

 CFD

 SHORT

 4

 32.9990 EUR

 EUR 1.40

 CFD

 SHORT

 21

 32.9990 EUR

 EUR 1.40

 CFD

 SHORT

 34

 33.0105 EUR

 EUR 1.40

 CFD

 SHORT

 4

 33.0151 EUR

 EUR 1.40

 CFD

 SHORT

 45

 33.0151 EUR

 EUR 1.40

 CFD

 SHORT

 17

 33.0335 EUR

 EUR 1.40

 CFD

 SHORT

 6

 33.0383 EUR

 EUR 1.40

 CFD

 LONG

 73,901

 28.5064 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

 

 

4.         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

 

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

NO

 

 

Date of disclosure:

12 APRIL 2018

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 [email protected].org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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