Source - RNS
RNS Number : 0672L
Morgan Stanley
16 April 2018
 

AMENDMENT   Section (2a & 3b)

 

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

12 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:

1,496,869

0.48

1,017,217

0.32

(2) Cash-settled derivatives:

 

1,084,022

0.34

1,497,269

0.48

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

0

0.00

0

0.00

 

     TOTAL:

2,580,891

0.82

2,514,486

0.80

 

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

 85,615

 33.3058 EUR

 32.9428 EUR

 EUR 1.40

 SALES

 129,126

 33.2671 EUR

 33.0279 EUR

 EUR 1.40

 PURCHASES

 111,057

 28.7935 GBP

 28.7354 GBP

EUR 1.40

 PURCHASES

 1,216

 40.6616 USD

 40.6616 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

 EUR 1.40

 CFD

 LONG

 161

 32.9310 EUR

 EUR 1.40

 CFD

 LONG

 20,103

 33.0279 EUR

 EUR 1.40

 CFD

 LONG

 56

 33.0294 EUR

 EUR 1.40

 CFD

 LONG

 9,079

 33.0300 EUR

 EUR 1.40

 CFD

 LONG

 1

 33.0300 EUR

 EUR 1.40

 CFD

 LONG

 7,365

 33.0300 EUR

 EUR 1.40

 CFD

 LONG

 12

 33.0358 EUR

 EUR 1.40

 CFD

 LONG

 144

 33.0419 EUR

 EUR 1.40

 CFD

 LONG

 88

 33.0421 EUR

 EUR 1.40

 CFD

 LONG

 3,772

 33.0731 EUR

 EUR 1.40

 CFD

 LONG

 789

 33.0800 EUR

 EUR 1.40

 CFD

 LONG

 3,251

 33.1036 EUR

 EUR 1.40

 CFD

 LONG

 331

 33.1115 EUR

 EUR 1.40

 CFD

 LONG

 193

 33.1193 EUR

 EUR 1.40

 CFD

 LONG

 4,388

 33.1196 EUR

 EUR 1.40

 CFD

 LONG

 4,170

 33.1213 EUR

 EUR 1.40

 CFD

 LONG

 717

 33.1300 EUR

 EUR 1.40

 CFD

 LONG

 2,628

 33.1304 EUR

 EUR 1.40

 CFD

 LONG

 575

 33.1391 EUR

 EUR 1.40

 CFD

 LONG

 600

 33.1434 EUR

 EUR 1.40

 CFD

 LONG

 3,887

 33.1482 EUR

 EUR 1.40

 CFD

 LONG

 4,391

 33.1554 EUR

 EUR 1.40

 CFD

 LONG

 5,903

 33.1601 EUR

 EUR 1.40

 CFD

 LONG

 11,486

 33.1706 EUR

 EUR 1.40

 CFD

 LONG

 2,380

 33.1706 EUR

 EUR 1.40

 CFD

 LONG

 36

 33.1752 EUR

 EUR 1.40

 CFD

 LONG

 20,532

 33.1821 EUR

 EUR 1.40

 CFD

 LONG

 1,501

 33.1978 EUR

 EUR 1.40

 CFD

 LONG

 4,200

 33.1998 EUR

 EUR 1.40

 CFD

 LONG

 538

 33.2013 EUR

 EUR 1.40

 CFD

 LONG

 53

 33.2073 EUR

 EUR 1.40

 CFD

 LONG

 617

 33.2073 EUR

 EUR 1.40

 CFD

 LONG

 1

 33.2073 EUR

 EUR 1.40

 CFD

 LONG

 591

 33.2073 EUR

 EUR 1.40

 CFD

 LONG

 626

 33.2073 EUR

 EUR 1.40

 CFD

 LONG

 1,397

 33.2138 EUR

 EUR 1.40

 CFD

 LONG

 2,794

 33.2138 EUR

 EUR 1.40

 CFD

 LONG

 527

 33.2206 EUR

 EUR 1.40

 CFD

 LONG

 2

 33.2206 EUR

 EUR 1.40

 CFD

 LONG

 1

 33.2206 EUR

 EUR 1.40

 CFD

 LONG

 537

 33.2206 EUR

 EUR 1.40

 CFD

 LONG

 1,731

 33.2527 EUR

 EUR 1.40

 CFD

 LONG

 1,108

 33.2671 EUR

 EUR 1.40

 CFD

 LONG

 5,851

 33.2671 EUR

 EUR 1.40

 CFD

 LONG

 13

 33.2900 EUR

 EUR 1.40

 CFD

 SHORT

 25

 32.9428 EUR

 EUR 1.40

 CFD

 SHORT

 13

 32.9430 EUR

 EUR 1.40

 CFD

 SHORT

 16

 32.9481 EUR

 EUR 1.40

 CFD

 SHORT

 29

 32.9651 EUR

 EUR 1.40

 CFD

 SHORT

 126

 33.0212 EUR

 EUR 1.40

 CFD

 SHORT

 2,581

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 15,885

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 988

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 698

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 53

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 65

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 36

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 502

 33.0300 EUR

 EUR 1.40

 CFD

 SHORT

 1,984

 33.0318 EUR

 EUR 1.40

 CFD

 SHORT

 12,649

 33.0393 EUR

 EUR 1.40

 CFD

 SHORT

 25

 33.0432 EUR

 EUR 1.40

 CFD

 SHORT

 11,486

 33.0721 EUR

 EUR 1.40

 CFD

 SHORT

 2,594

 33.0721 EUR

 EUR 1.40

 CFD

 SHORT

 74

 33.0848 EUR

 EUR 1.40

 CFD

 SHORT

 1,398

 33.0973 EUR

 EUR 1.40

 CFD

 SHORT

 219

 33.1083 EUR

 EUR 1.40

 CFD

 SHORT

 3,794

 33.1083 EUR

 EUR 1.40

 CFD

 SHORT

 833

 33.1083 EUR

 EUR 1.40

 CFD

 SHORT

 4,041

 33.1083 EUR

 EUR 1.40

 CFD

 SHORT

 606

 33.1083 EUR

 EUR 1.40

 CFD

 SHORT

 4,447

 33.1083 EUR

 EUR 1.40

 CFD

 SHORT

 720

 33.1158 EUR

 EUR 1.40

 CFD

 SHORT

 240

 33.1158 EUR

 EUR 1.40

 CFD

 SHORT

 870

 33.1158 EUR

 EUR 1.40

 CFD

 SHORT

 2,110

 33.1318 EUR

 EUR 1.40

 CFD

 SHORT

 261

 33.1605 EUR

 EUR 1.40

 CFD

 SHORT

 4,185

 33.1808 EUR

 EUR 1.40

 CFD

 SHORT

 35

 33.2025 EUR

 EUR 1.40

 CFD

 SHORT

 1,731

 33.2185 EUR

 EUR 1.40

 CFD

 SHORT

 1

 33.2300 EUR

 EUR 1.40

 CFD

 SHORT

 2

 33.2300 EUR

 EUR 1.40

 CFD

 SHORT

 449

 33.3057 EUR

 EUR 1.40

 CFD

 SHORT

 214

 33.3057 EUR

 EUR 1.40

 CFD

 SHORT

 411

 33.3057 EUR

 EUR 1.40

 CFD

 SHORT

 390

 33.3057 EUR

 EUR 1.40

 CFD

 SHORT

 465

 33.3057 EUR

 EUR 1.40

 CFD

 SHORT

 8,344

 33.3057 EUR

 EUR 1.40

 CFD

 SHORT

 20

 33.3100 EUR

 EUR 1.40

 CFD

 SHORT

 19,652

 28.7354 GBP

 EUR 1.40

 CFD

 SHORT

 18,788

 28.7934 GBP

 EUR 1.40

 CFD

 SHORT

 6,212

 28.7935 GBP

 EUR 1.40

 CFD

 SHORT

 1,216

 33.0166 EUR

 

 

 (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:

16 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 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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