Form 8.5 (EPT/RI)- Replacement of Dechra

Morgan Stanley & Co. Int'l plc
31 October 2023
 

AMENDMENT(2(a), 2(b))

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

Dechra Pharmaceuticals plc

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

EQT (EQT X EUR SCSp and EQT X USD SCSp)

(d) Date dealing undertaken:

27 October 2023

(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"

N/A

 

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

1p ordinary

PURCHASES

23,579

37.8755 GBP

37.6593 GBP

1p ordinary

SALES

57,710

37.8891 GBP

37.6467 GBP

1p ordinary

SALES

3,147

46.0096 USD

46.0096 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

1p ordinary

CFD

increasing a long position

3,414

37.7263 GBP

1p ordinary

CFD

increasing a long position

12

37.7333 GBP

1p ordinary

CFD

increasing a long position

293

37.7343 GBP

1p ordinary

CFD

increasing a long position

133

37.7458 GBP

1p ordinary

CFD

increasing a long position

175

37.7533 GBP

1p ordinary

CFD

increasing a long position

459

37.7646 GBP

1p ordinary

CFD

increasing a long position

100

37.7901 GBP

1p ordinary

CFD

increasing a long position

71

37.7955 GBP

1p ordinary

CFD

increasing a long position

2,449

37.7983 GBP

1p ordinary

CFD

increasing a long position

467

37.8000 GBP

1p ordinary

CFD

increasing a long position

468

37.8000 GBP

1p ordinary

CFD

increasing a long position

602

37.8049 GBP

1p ordinary

CFD

increasing a long position

497

37.8049 GBP

1p ordinary

CFD

increasing a long position

571

37.8756 GBP

1p ordinary

CFD

increasing a short position

27

37.6819 GBP

1p ordinary

CFD

increasing a short position

681

37.7000 GBP

1p ordinary

CFD

increasing a short position

2,558

37.7546 GBP

1p ordinary

CFD

increasing a short position

247,724

37.8000 GBP

1p ordinary

CFD

increasing a short position

1,122

37.8000 GBP

1p ordinary

CFD

reducing a long position

1,512

37.7041 GBP

1p ordinary

CFD

reducing a long position

571

37.8000 GBP

1p ordinary

CFD

reducing a short position

1

37.6700 GBP

1p ordinary

CFD

reducing a short position

1,599

37.6736 GBP

1p ordinary

CFD

reducing a short position

1,077

37.6736 GBP

1p ordinary

CFD

reducing a short position

5,770

37.6736 GBP

1p ordinary

CFD

reducing a short position

8,729

37.6736 GBP

1p ordinary

CFD

reducing a short position

1,616

37.6736 GBP

1p ordinary

CFD

reducing a short position

2,862

37.6736 GBP

1p ordinary

CFD

reducing a short position

737

37.7754 GBP

1p ordinary

CFD

reducing a short position

729

37.7754 GBP

1p ordinary

CFD

reducing a short position

491

37.7754 GBP

1p ordinary

CFD

reducing a short position

3,979

37.7754 GBP

1p ordinary

CFD

reducing a short position

1,304

37.7754 GBP

1p ordinary

CFD

reducing a short position

2,630

37.7754 GBP

1p ordinary

CFD

reducing a short position

1,597

37.8000 GBP

1p ordinary

CFD

reducing a short position

247,724

37.8000 GBP

1p ordinary

CFD

reducing a short position

3,147

37.8755 GBP

1p ordinary

CFD

reducing a short position

10,000

37.8891 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:

31 October 2023

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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