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 | ULTRA ELECTRONICS HOLDINGS PLC |
| (c) Name of the party to the offer with which exempt principal trader is connected: | COBHAM GROUP |
| (d) Date dealing undertaken: | 04 August 2021 |
| (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 |
| 5P ORDINARY | SALES | 81,643 | 31.6400 GBP | 31.4600 GBP |
| 5P ORDINARY | PURCHASES | 76,902 | 32.0232 GBP | 31.4217 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 |
| 5P ORDINARY | CFD | increasing a long position | 257 | 31.4672 GBP |
| 5P ORDINARY | CFD | increasing a long position | 498 | 31.5384 GBP |
| 5P ORDINARY | CFD | increasing a long position | 400 | 31.5621 GBP |
| 5P ORDINARY | CFD | increasing a long position | 407 | 31.5792 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1 | 31.4700 GBP |
| 5P ORDINARY | CFD | increasing a short position | 19 | 31.4800 GBP |
| 5P ORDINARY | CFD | increasing a short position | 7 | 31.4800 GBP |
| 5P ORDINARY | CFD | increasing a short position | 5 | 31.4820 GBP |
| 5P ORDINARY | CFD | increasing a short position | 60 | 31.4828 GBP |
| 5P ORDINARY | CFD | increasing a short position | 39 | 31.4836 GBP |
| 5P ORDINARY | CFD | increasing a short position | 70 | 31.4840 GBP |
| 5P ORDINARY | CFD | increasing a short position | 12 | 31.4842 GBP |
| 5P ORDINARY | CFD | increasing a short position | 28 | 31.4843 GBP |
| 5P ORDINARY | CFD | increasing a short position | 281 | 31.4850 GBP |
| 5P ORDINARY | CFD | increasing a short position | 3 | 31.4867 GBP |
| 5P ORDINARY | CFD | increasing a short position | 10 | 31.4870 GBP |
| 5P ORDINARY | CFD | increasing a short position | 6 | 31.4883 GBP |
| 5P ORDINARY | CFD | increasing a short position | 367 | 31.4997 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1 | 31.5200 GBP |
| 5P ORDINARY | CFD | increasing a short position | 3 | 31.5367 GBP |
| 5P ORDINARY | CFD | increasing a short position | 12 | 31.5369 GBP |
| 5P ORDINARY | CFD | increasing a short position | 29 | 31.5400 GBP |
| 5P ORDINARY | CFD | increasing a short position | 107 | 31.5400 GBP |
| 5P ORDINARY | CFD | increasing a short position | 62 | 31.5408 GBP |
| 5P ORDINARY | CFD | increasing a short position | 48 | 31.5408 GBP |
| 5P ORDINARY | CFD | increasing a short position | 193 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 310 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 124 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1,031 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 442 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 87 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 580 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 903 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 23 | 31.5409 GBP |
| 5P ORDINARY | CFD | increasing a short position | 17 | 31.5412 GBP |
| 5P ORDINARY | CFD | increasing a short position | 8 | 31.5425 GBP |
| 5P ORDINARY | CFD | increasing a short position | 10 | 31.5430 GBP |
| 5P ORDINARY | CFD | increasing a short position | 35 | 31.5434 GBP |
| 5P ORDINARY | CFD | increasing a short position | 116 | 31.5436 GBP |
| 5P ORDINARY | CFD | increasing a short position | 15 | 31.5440 GBP |
| 5P ORDINARY | CFD | increasing a short position | 102 | 31.5441 GBP |
| 5P ORDINARY | CFD | increasing a short position | 65 | 31.5446 GBP |
| 5P ORDINARY | CFD | increasing a short position | 47 | 31.5451 GBP |
| 5P ORDINARY | CFD | increasing a short position | 5 | 31.5460 GBP |
| 5P ORDINARY | CFD | increasing a short position | 448 | 31.5469 GBP |
| 5P ORDINARY | CFD | increasing a short position | 63 | 31.5475 GBP |
| 5P ORDINARY | CFD | increasing a short position | 24 | 31.5479 GBP |
| 5P ORDINARY | CFD | increasing a short position | 773 | 31.5492 GBP |
| 5P ORDINARY | CFD | increasing a short position | 2 | 31.5500 GBP |
| 5P ORDINARY | CFD | increasing a short position | 105 | 31.5507 GBP |
| 5P ORDINARY | CFD | increasing a short position | 241 | 31.5515 GBP |
| 5P ORDINARY | CFD | increasing a short position | 393 | 31.5597 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1 | 31.5600 GBP |
| 5P ORDINARY | CFD | increasing a short position | 168 | 31.5608 GBP |
| 5P ORDINARY | CFD | increasing a short position | 489 | 31.5611 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1,007 | 31.5626 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1,413 | 31.5627 GBP |
| 5P ORDINARY | CFD | increasing a short position | 65 | 31.5628 GBP |
| 5P ORDINARY | CFD | increasing a short position | 2,507 | 31.5629 GBP |
| 5P ORDINARY | CFD | increasing a short position | 150 | 31.5629 GBP |
| 5P ORDINARY | CFD | increasing a short position | 2,221 | 31.5630 GBP |
| 5P ORDINARY | CFD | increasing a short position | 303 | 31.5633 GBP |
| 5P ORDINARY | CFD | increasing a short position | 467 | 31.5634 GBP |
| 5P ORDINARY | CFD | increasing a short position | 42 | 31.5636 GBP |
| 5P ORDINARY | CFD | increasing a short position | 116 | 31.5636 GBP |
| 5P ORDINARY | CFD | increasing a short position | 729 | 31.5638 GBP |
| 5P ORDINARY | CFD | increasing a short position | 204 | 31.5639 GBP |
| 5P ORDINARY | CFD | increasing a short position | 64 | 31.5653 GBP |
| 5P ORDINARY | CFD | increasing a short position | 461 | 31.5688 GBP |
| 5P ORDINARY | CFD | increasing a short position | 370 | 31.5693 GBP |
| 5P ORDINARY | CFD | increasing a short position | 522 | 31.5700 GBP |
| 5P ORDINARY | CFD | increasing a short position | 932 | 31.5705 GBP |
| 5P ORDINARY | CFD | increasing a short position | 38 | 31.5708 GBP |
| 5P ORDINARY | CFD | increasing a short position | 14 | 31.5721 GBP |
| 5P ORDINARY | CFD | increasing a short position | 57 | 31.5756 GBP |
| 5P ORDINARY | CFD | increasing a short position | 46 | 31.5785 GBP |
| 5P ORDINARY | CFD | increasing a short position | 149 | 31.5821 GBP |
| 5P ORDINARY | CFD | increasing a short position | 358 | 31.5894 GBP |
| 5P ORDINARY | CFD | increasing a short position | 47 | 31.5900 GBP |
| 5P ORDINARY | CFD | increasing a short position | 35 | 31.5906 GBP |
| 5P ORDINARY | CFD | increasing a short position | 128 | 31.5927 GBP |
| 5P ORDINARY | CFD | increasing a short position | 31 | 31.5942 GBP |
| 5P ORDINARY | CFD | increasing a short position | 120 | 31.5983 GBP |
| 5P ORDINARY | CFD | increasing a short position | 79 | 31.6003 GBP |
| 5P ORDINARY | CFD | increasing a short position | 20 | 31.6050 GBP |
| 5P ORDINARY | CFD | increasing a short position | 199 | 31.6075 GBP |
| 5P ORDINARY | CFD | increasing a short position | 480 | 31.6082 GBP |
| 5P ORDINARY | CFD | increasing a short position | 274 | 31.6083 GBP |
| 5P ORDINARY | CFD | increasing a short position | 29 | 31.6097 GBP |
| 5P ORDINARY | CFD | increasing a short position | 5 | 31.6120 GBP |
| 5P ORDINARY | CFD | increasing a short position | 11 | 31.6209 GBP |
| 5P ORDINARY | CFD | increasing a short position | 27 | 31.6244 GBP |
| 5P ORDINARY | CFD | increasing a short position | 231 | 31.6266 GBP |
| 5P ORDINARY | CFD | increasing a short position | 14 | 31.6271 GBP |
| 5P ORDINARY | CFD | increasing a short position | 592 | 31.6284 GBP |
| 5P ORDINARY | CFD | increasing a short position | 330 | 31.6296 GBP |
| 5P ORDINARY | CFD | increasing a short position | 2,867 | 31.6310 GBP |
| 5P ORDINARY | CFD | increasing a short position | 28 | 31.6332 GBP |
| 5P ORDINARY | CFD | increasing a short position | 33 | 31.6333 GBP |
| 5P ORDINARY | CFD | increasing a short position | 12 | 31.6500 GBP |
| 5P ORDINARY | CFD | increasing a short position | 20 | 31.6780 GBP |
| 5P ORDINARY | CFD | increasing a short position | 3 | 31.6967 GBP |
| 5P ORDINARY | CFD | increasing a short position | 36 | 31.7028 GBP |
| 5P ORDINARY | CFD | increasing a short position | 9 | 31.7122 GBP |
| 5P ORDINARY | CFD | increasing a short position | 51 | 31.7231 GBP |
| 5P ORDINARY | CFD | increasing a short position | 22 | 31.7305 GBP |
| 5P ORDINARY | CFD | increasing a short position | 31 | 31.7310 GBP |
| 5P ORDINARY | CFD | increasing a short position | 2 | 31.7650 GBP |
| 5P ORDINARY | CFD | increasing a short position | 10 | 31.9470 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1 | 31.9600 GBP |
| 5P ORDINARY | CFD | increasing a short position | 3 | 31.9633 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1 | 32.0200 GBP |
| 5P ORDINARY | CFD | increasing a short position | 1 | 32.0200 GBP |
| 5P ORDINARY | CFD | increasing a short position | 7 | 32.0229 GBP |
| 5P ORDINARY | CFD | increasing a short position | 16 | 32.0231 GBP |
| 5P ORDINARY | CFD | increasing a short position | 22 | 32.0232 GBP |
| 5P ORDINARY | CFD | increasing a short position | 41 | 32.0232 GBP |
| 5P ORDINARY | CFD | increasing a short position | 3 | 32.0233 GBP |
| 5P ORDINARY | CFD | increasing a short position | 3 | 32.0233 GBP |
| 5P ORDINARY | CFD | increasing a short position | 6 | 32.0233 GBP |
| 5P ORDINARY | CFD | increasing a short position | 6 | 32.0233 GBP |
| 5P ORDINARY | CFD | increasing a short position | 3 | 32.0233 GBP |
| 5P ORDINARY | CFD | increasing a short position | 2 | 32.0250 GBP |
| 5P ORDINARY | CFD | increasing a short position | 2 | 32.0250 GBP |
| 5P ORDINARY | CFD | reducing a long position | 411 | 31.5215 GBP |
| 5P ORDINARY | CFD | reducing a long position | 257 | 31.5254 GBP |
| 5P ORDINARY | CFD | reducing a long position | 1,268 | 31.5400 GBP |
| 5P ORDINARY | CFD | reducing a long position | 645 | 31.5749 GBP |
| 5P ORDINARY | CFD | reducing a long position | 407 | 31.5916 GBP |
| 5P ORDINARY | CFD | reducing a short position | 66 | 31.4690 GBP |
| 5P ORDINARY | CFD | reducing a short position | 153 | 31.4690 GBP |
| 5P ORDINARY | CFD | reducing a short position | 650 | 31.4786 GBP |
| 5P ORDINARY | CFD | reducing a short position | 157 | 31.4786 GBP |
| 5P ORDINARY | CFD | reducing a short position | 29,140 | 31.5400 GBP |
| 5P ORDINARY | CFD | reducing a short position | 293 | 31.5400 GBP |
| 5P ORDINARY | CFD | reducing a short position | 16 | 31.5400 GBP |
| 5P ORDINARY | CFD | reducing a short position | 535 | 31.5469 GBP |
| 5P ORDINARY | CFD | reducing a short position | 465 | 31.5595 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: | 05 August 2021 |
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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