RNS Number : 1324L
Morgan Stanley
20 December 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 MUFG Securities Co., Ltd.

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

     Use a separate form for each offeror/offeree

Takeda Pharmaceutical Company Limited

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

Shire plc

(d) Date position held/dealing undertaken

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

19 DECEMBER 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 this offer?

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

Yes - Shire 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:

Ordinary

 


 Interests

Short positions

 

 Number

  %

Number

  %

 (1) Relevant securities owned  and/or controlled:

7,438,574

0.95

34,863,375

4.45

 (2) Cash-settled derivatives:

32,342,061

4.12

4,845,659

0.62

 

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

315,000

0.04

315,000

0.04

  TOTAL:

40,095,635

5.11

40,024,034

5.10

 

 

 

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

 Ordinary

 PURCHASES

 7,344,622

 3,917.6287 JPY

 3,502.0000 JPY

 

 Ordinary

 SALES

 10,876,333

 3,917.6287 JPY

 3,518.0000 JPY

 

 

(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

Ordinary

CFD

LONG

2551000

3558.0000 JPY

Ordinary

CFD

SHORT

24500

3584.4816 JPY

Ordinary

CFD

SHORT

21100

3563.9763 JPY

Ordinary

CFD

SHORT

900

3575.8888 JPY

Ordinary

CFD

LONG

26000

3580.6000 JPY

Ordinary

CFD

SHORT

197200

3552.6308 JPY

Ordinary

CFD

SHORT

3400

3578.8235 JPY

Ordinary

CFD

SHORT

400

3578.2500 JPY

Ordinary

CFD

SHORT

600

3575.6666 JPY

Ordinary

CFD

SHORT

5100

3579.2837 JPY

Ordinary

CFD

LONG

2300

3585.2608 JPY

Ordinary

CFD

SHORT

2300

3579.2837 JPY

Ordinary

CFD

LONG

600

3581.4285 JPY

Ordinary

CFD

LONG

100

3581.4285 JPY

Ordinary

CFD

SHORT

600

3576.3333 JPY

Ordinary

CFD

SHORT

156600

3565.4441 JPY

Ordinary

CFD

SHORT

6900

3568.8840 JPY

Ordinary

CFD

LONG

116400

3540.9570 JPY

Ordinary

CFD

LONG

20000

3594.2106 JPY

Ordinary

CFD

LONG

68611

3833.6260 JPY

Ordinary

CFD

LONG

48400

3582.9421 JPY

Ordinary

CFD

SHORT

46800

3577.4017 JPY

Ordinary

CFD

LONG

225000

3571.6242 JPY

Ordinary

CFD

SHORT

476200

3583.5793 JPY

Ordinary

CFD

LONG

1559200

3574.1381 JPY

 

(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?

                 YES  

 

 

 

 Date of disclosure:

 20 DECEMBER 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.

 

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.

 

 

 

 

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

 

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS,

AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

 

 

1.         KEY INFORMATION

 

Full name of person making disclosure:

Morgan Stanley MUFG Securities Co., Ltd.

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

Takeda Pharmaceutical Company Limited

 

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

 

Class of relevant security

Product Description e.g call option

Written or Purchased

Number of Securities to which option or derivative relates

Exercise Price Per Unit (USD)

Type

Expiry Date

 Ordinary

 PUT

PURCHASED

 125,000

4507.0000 JPY

 European

13/12/2019

 Ordinary

 CALL

PURCHASED

 125,000

4507.0000 JPY

 European

13/12/2019

 Ordinary

 PUT

PURCHASED

 60,000

4596.0000 JPY

 European

14/06/2019

 Ordinary

 CALL

PURCHASED

 60,000

4596.0000 JPY

 European

14/06/2019

 Ordinary

 PUT

PURCHASED

 65,000

4414.0000 JPY

 European

14/06/2019

 Ordinary

 CALL

PURCHASED

 65,000

4414.0000 JPY

 European

14/06/2019

 Ordinary

 PUT

PURCHASED

 65,000

4414.0000 JPY

 European

13/12/2019

 Ordinary

 CALL

PURCHASED

 65,000

4414.0000 JPY

 European

13/12/2019

 

 

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

 

Full details should be given so that the nature of the interest or position can be fully understood:

 

 

 

 

 

 

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

 

The currency of all prices and other monetary amounts should be stated.

 

 

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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