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IWG Plc — Director's Dealing 2018
May 15, 2018
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Director's Dealing
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RNS Number : 1188O
Morgan Stanley & Co. Int'l plc
15 May 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 & 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 |
IWG PLC |
| (c) Name of the party to the offer with which exempt principal trader is connected: | IWG PLC |
| (d) Date dealing undertaken: | 14 MAY 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 |
| 1P ORDINARY | PURCHASES | 5,350,887 | 3.1155 GBP | 2.9996 GBP |
| 1P ORDINARY | SALES | 3,403,388 | 3.1190 GBP | 3.0000 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 |
| 1P ORDINARY | CFD | LONG | 742,729 | 2.5200 GBP |
| 1P ORDINARY | CFD | LONG | 785,506 | 2.5200 GBP |
| 1P ORDINARY | CFD | LONG | 48,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | LONG | 545,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | LONG | 71,255 | 3.0272 GBP |
| 1P ORDINARY | CFD | LONG | 60,000 | 3.0446 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0446 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0480 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0480 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0480 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0490 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0490 GBP |
| 1P ORDINARY | CFD | LONG | 1,000 | 3.0490 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0490 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0490 GBP |
| 1P ORDINARY | CFD | LONG | 194,740 | 3.0506 GBP |
| 1P ORDINARY | CFD | LONG | 50,080 | 3.0506 GBP |
| 1P ORDINARY | CFD | LONG | 120,285 | 3.0508 GBP |
| 1P ORDINARY | CFD | LONG | 310 | 3.0630 GBP |
| 1P ORDINARY | CFD | LONG | 34 | 3.0630 GBP |
| 1P ORDINARY | CFD | LONG | 110 | 3.0630 GBP |
| 1P ORDINARY | CFD | LONG | 138,500 | 3.0631 GBP |
| 1P ORDINARY | CFD | LONG | 102,726 | 3.0651 GBP |
| 1P ORDINARY | CFD | LONG | 72,610 | 3.0671 GBP |
| 1P ORDINARY | CFD | LONG | 5,732 | 3.0671 GBP |
| 1P ORDINARY | CFD | LONG | 232 | 3.0713 GBP |
| 1P ORDINARY | CFD | LONG | 49,500 | 3.0717 GBP |
| 1P ORDINARY | CFD | LONG | 37,038 | 3.0717 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0730 GBP |
| 1P ORDINARY | CFD | LONG | 3,181 | 3.0735 GBP |
| 1P ORDINARY | CFD | LONG | 1,818 | 3.0770 GBP |
| 1P ORDINARY | CFD | LONG | 177,328 | 3.0795 GBP |
| 1P ORDINARY | CFD | LONG | 38,197 | 3.0797 GBP |
| 1P ORDINARY | CFD | LONG | 3,000 | 3.0800 GBP |
| 1P ORDINARY | CFD | LONG | 5 | 3.0850 GBP |
| 1P ORDINARY | CFD | LONG | 4 | 3.0850 GBP |
| 1P ORDINARY | CFD | LONG | 1 | 3.0850 GBP |
| 1P ORDINARY | CFD | LONG | 50,080 | 3.0923 GBP |
| 1P ORDINARY | CFD | LONG | 42,379 | 3.0950 GBP |
| 1P ORDINARY | CFD | LONG | 45,336 | 3.0950 GBP |
| 1P ORDINARY | CFD | SHORT | 742,729 | 2.5200 GBP |
| 1P ORDINARY | CFD | SHORT | 4,618 | 2.9990 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0000 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0010 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0070 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0100 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 1,818 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 48,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 3,000 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 29,250 | 3.0200 GBP |
| 1P ORDINARY | CFD | SHORT | 1,000 | 3.0210 GBP |
| 1P ORDINARY | CFD | SHORT | 120,755 | 3.0323 GBP |
| 1P ORDINARY | CFD | SHORT | 802,115 | 3.0422 GBP |
| 1P ORDINARY | CFD | SHORT | 913 | 3.0425 GBP |
| 1P ORDINARY | CFD | SHORT | 195,733 | 3.0470 GBP |
| 1P ORDINARY | CFD | SHORT | 772 | 3.0618 GBP |
| 1P ORDINARY | CFD | SHORT | 98,894 | 3.0623 GBP |
| 1P ORDINARY | CFD | SHORT | 200,000 | 3.0624 GBP |
| 1P ORDINARY | CFD | SHORT | 1,900 | 3.0676 GBP |
| 1P ORDINARY | CFD | SHORT | 76,442 | 3.0676 GBP |
| 1P ORDINARY | CFD | SHORT | 52,057 | 3.0700 GBP |
| 1P ORDINARY | CFD | SHORT | 1,950,000 | 3.0736 GBP |
| 1P ORDINARY | CFD | SHORT | 200,000 | 3.0745 GBP |
| 1P ORDINARY | CFD | SHORT | 79 | 3.0820 GBP |
| 1P ORDINARY | CFD | SHORT | 68,609 | 3.0825 GBP |
| 1P ORDINARY | CFD | SHORT | 20,169 | 3.0950 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: | 15 MAY 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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