Source - RNS
RNS Number : 8724K
Morgan Stanley Capital Services LLC
13 April 2018
 

 

 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 Capital Services LLC

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

     Use a separate form for each offeror/offeree

FirstGroup plc

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

 

Apollo Management IX L.P.

(d) Date dealing undertaken:

12 APRIL 2018

(e) Has the EPT previously disclosed, or is it today  disclosing, under the Code in respect of any other party to this offer?

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

 N/A

 N/A

 N/A

 N/A

 N/A  

 

 

(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

 5p ordinary

 CFD

 LONG

 1

 1.0380 GBP

 5p ordinary

 CFD

 LONG

 4

 1.0380 GBP

 5p ordinary

 CFD

 LONG

 1

 1.0380 GBP

 5p ordinary

 CFD

 LONG

 4

 1.0380 GBP

 5p ordinary

 CFD

 LONG

 1

 1.0380 GBP

 5p ordinary

 CFD

 LONG

 224

 1.0521 GBP

 5p ordinary

 CFD

 LONG

 7,391

 1.0521 GBP

 5p ordinary

 CFD

 LONG

 5

 1.0521 GBP

 5p ordinary

 CFD

 LONG

 7,313

 1.0521 GBP

 5p ordinary

 CFD

 LONG

 1,702

 1.0521 GBP

 5p ordinary

 CFD

 LONG

 408

 1.0579 GBP

 5p ordinary

 CFD

 LONG

 14,797

 1.0617 GBP

 5p ordinary

 CFD

 LONG

 5,354

 1.0639 GBP

 5p ordinary

 CFD

 LONG

 313

 1.0639 GBP

 5p ordinary

 CFD

 LONG

 1,081

 1.0639 GBP

 5p ordinary

 CFD

 LONG

 5,302

 1.0639 GBP

 5p ordinary

 CFD

 LONG

 982

 1.0639 GBP

 5p ordinary

 CFD

 LONG

 10,000

 1.0652 GBP

 5p ordinary

 CFD

 LONG

 4,203

 1.0760 GBP

 5p ordinary

 CFD

 LONG

 33,659

 1.0870 GBP

 5p ordinary

 CFD

 LONG

 2,981

 1.1010 GBP

 5p ordinary

 CFD

 LONG

 1,200

 1.1110 GBP

 5p ordinary

 CFD

 LONG

 104,579

 1.1116 GBP

 5p ordinary

 CFD

 SHORT

 2,033

 1.0460 GBP

 5p ordinary

 CFD

 SHORT

 12,705

 1.0511 GBP

 5p ordinary

 CFD

 SHORT

 748

 1.0526 GBP

 5p ordinary

 CFD

 SHORT

 768

 1.0526 GBP

 5p ordinary

 CFD

 SHORT

 4,400

 1.0571 GBP

 5p ordinary

 CFD

 SHORT

 43,086

 1.0722 GBP

 5p ordinary

 CFD

 SHORT

 101,499

 1.0732 GBP

 5p ordinary

 CFD

 SHORT

 137,653

 1.0747 GBP

 5p ordinary

 CFD

 SHORT

 436

 1.0755 GBP

 5p ordinary

 CFD

 SHORT

 1,301

 1.0777 GBP

 5p ordinary

 CFD

 SHORT

 74,000

 1.0887 GBP

 5p ordinary

 CFD

 SHORT

 27,713

 1.0887 GBP

 5p ordinary

 CFD

 SHORT

 104,066

 1.0887 GBP

 5p ordinary

 CFD

 SHORT

 97,750

 1.0887 GBP

 5p ordinary

 CFD

 SHORT

 13

 1.1069 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

 Number of securities

 Exercise price per unit

 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

 

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:

13 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].  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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