MORGAN STANLEY — M&A Activity 2018

Nov 2, 2018

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RNS Number : 1888G

Morgan Stanley

02 November 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	01 NOVEMBER 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 - 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:	11,236,336	1.43	28,871,858	3.68
(2) Cash-settled derivatives:	28,370,630	3.62	10,455,171	1.33
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	185,000	0.02	185,000	0.02
TOTAL:	39,791,966	5.07	39,512,029	5.03

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	1,793,300	4,726.0000 JPY	4,483.2815 JPY
Ordinary	SALES	2,548,900	4,726.0000 JPY	4,483.2815 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	SHORT	800	4707.0000 JPY
Ordinary	CFD	SHORT	700	4599.5714 JPY
Ordinary	CFD	SHORT	500	4581.0000 JPY
Ordinary	CFD	LONG	500	4587.0000 JPY
Ordinary	CFD	SHORT	100	4575.0000 JPY
Ordinary	CFD	LONG	100	4707.0000 JPY
Ordinary	CFD	SHORT	145000	4653.8586 JPY
Ordinary	CFD	LONG	4200	4626.0714 JPY
Ordinary	CFD	SHORT	1000	4666.0180 JPY
Ordinary	CFD	LONG	1000	4606.7000 JPY
Ordinary	CFD	SHORT	21000	4666.0180 JPY
Ordinary	CFD	LONG	2000	4606.7000 JPY
Ordinary	CFD	LONG	7200	4613.8611 JPY
Ordinary	CFD	SHORT	2500	4586.0492 JPY
Ordinary	CFD	LONG	1500	4591.1333 JPY
Ordinary	CFD	LONG	5400	4626.4964 JPY
Ordinary	CFD	SHORT	5600	4591.3750 JPY
Ordinary	CFD	LONG	1100	4630.1818 JPY
Ordinary	CFD	LONG	4600	4595.2608 JPY
Ordinary	CFD	LONG	2200	4572.4303 JPY
Ordinary	CFD	LONG	5700	4572.4303 JPY
Ordinary	CFD	SHORT	74800	4678.0274 JPY
Ordinary	CFD	LONG	388900	4712.0543 JPY
Ordinary	CFD	SHORT	4300	4602.1304 JPY
Ordinary	CFD	SHORT	300	4602.1304 JPY
Ordinary	CFD	SHORT	1100	4583.7272 JPY
Ordinary	CFD	LONG	1600	4615.5000 JPY
Ordinary	CFD	SHORT	400	4616.5000 JPY
Ordinary	CFD	LONG	300	4654.3333 JPY
Ordinary	CFD	LONG	12900	4587.6356 JPY
Ordinary	CFD	SHORT	414114	4570.0000 JPY
Ordinary	CFD	SHORT	11300	4570.0000 JPY
Ordinary	CFD	LONG	11300	4570.0000 JPY
Ordinary	CFD	LONG	414114	4570.0000 JPY
Ordinary	CFD	LONG	143000	4587.0000 JPY
Ordinary	CFD	SHORT	5000	4628.0902 JPY
Ordinary	CFD	SHORT	15000	4483.2815 JPY
Ordinary	CFD	LONG	455100	4657.3335 JPY
Ordinary	CFD	LONG	13100	4614.0632 JPY
Ordinary	CFD	SHORT	300	4587.0000 JPY
Ordinary	CFD	SHORT	300	4587.0000 JPY
Ordinary	CFD	LONG	300	4587.0000 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:	02 NOVEMBER 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.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

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

4.   KEY INFORMATION

Identity of person whose open positions are being disclosed:	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

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 contracts for differences ("CFDs") or spread bets.

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

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