REG-Pentwater Capital Management LP: Form 8.3 - Horizon Therapeutics Plc

Horizon TherapeuticsAnnouncement

29/09/2023 15:30

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FORM 8.3

IRISH TAKEOVER PANEL

OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH
TAKEOVER PANEL ACT, 1997, TAKEOVER

RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR MORE

1.            KEY INFORMATION

 (a)   Full name of discloser                                                                                                                                                                                                      Pentwater Capital Management LP  
 (b)   Owner or controller of interests and short positions disclosed, if different from 1(a) The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.                                     
 (c)   Name of offeror/offeree in relation to whose relevant securities this form relates Use a separate form for each offeror/offeree                                                                                             Horizon Therapeutics Plc         
 (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree (Note 1)                                                                                                                                     
 (e)   Date position held/dealing undertaken For an opening position disclosure, state the latest practicable date prior to the disclosure                                                                                         28 September 2023                
 (f)    In addition to the company in 1(c) above, is the discloser also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”                                   NO If YES, specify which:        

2.            INTERESTS AND SHORT POSITIONS

If there are interests and short positions to disclose in more than one class
of relevant securities of the offeror or offeree named in 1(c), copy table 2
for each additional class of relevant security.

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Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing (if any)

(Note 2)

 Class of relevant security                                                              $0.0001 Ordinary Shares (ISIN IE00BQPVQZ61)                 
  (Note 3)                                                                                                                                           
                                                                                         Interests                     Short positions               
                                                                                         Number           %            Number           %            
 (1)   Relevant securities owned and/or controlled                                        15,542,000.00   6.79                                       
 (2)   Cash-settled derivatives                                                           250,000.00      0.11                                       
 (3)   Stock-settled derivatives (including options) and agreements to purchase/ sell     9,147,000.00    4.00          15,192,500.00   6.64         
 Total                                                                                    24,939,000.00   10.89         15,192,500.00   6.64         

All interests and all short positions should be disclosed.

Details of options including rights to subscribe for new securities and 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.

3.            DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(Note 4)

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), 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                 Purchase/sale  Number of       Price per unit  
 			security (ISIN IE00BQPVQZ61)                  			securities    (Note 5)       
 $0.0001 Ordinary Shares           Purchase       17,000          115.7474        

(b)          Cash-settled derivative transactions

 Class of    Product        Nature of dealing                                                                            Number of     Price       
  relevant    description    e.g. opening/ closing a long/ short position, increasing/ reducing a long/ short position    reference     per unit   
  security    e.g. CFD                                                                                                    securities    (Note 5)   
                                                                                                                          (Note 6)                 
                                                                                                                                                   

(c)           Stock-settled derivative transactions (including
options)

(i)            Writing, selling, purchasing or varying

 Class of    Product                  Writing, purchasing, selling, varying  Number        Exercise       Type         Expiry  Option               
  relevant    description e.g. call    etc.                                   of           			price per    e.g.         date    money               
  security    option                                                          securities    unit           American,           			paid/             
                                                                              to which                     European             received per unit   
                                                                              option                      			etc.                                   
                                                                              relates                                                               
                                                                              (Note 6)                                                              
                                                                                                                                                    

(ii)           Exercise

 Class of    Product        Exercising/  Number of     Exercise     
  relevant    description    exercised    securities    price per   
  security    e.g. call      against                    unit        
                                                        (Note 5)    
                                                                    

(d)          Other dealings (including transactions in respect of new
securities) (Note 3)

 Class of    Nature of dealing       Details (Quantity)  Price per unit USD (if  
  relevant    e.g. subscription,                          applicable)            
  security    conversion, exercise                        (Note 5)               
                                                                                 

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4.            OTHER INFORMATION

(a)           Indemnity and other dealing arrangements

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 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 person 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

 Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.  
  None                                                                                                                                                                                                                                                                                                                                                                                                            

(c)           Attachments

 Is a Supplemental Form 8 attached?  NO  

 Date of disclosure  29/09/2023         
 Contact name        Hooman Tavakolian  
 Telephone number    +1 312 914 4301    

Public disclosures under Rule 8.3 of the Rules must be made to a Regulatory
Information Service.

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NOTES ON FORM 8.3

1.            See the definition of “connected fund manager” in
Rule 2.2 of Part A of the Rules.

2.            See the definition of “interest in a relevant
security” in Rule 2.5 of Part A of the Rules and see Rule 8.6(a) and (b) of
Part B of the Rules.

3.            See the definition of “relevant securities” in
Rule 2.1 of Part A of the Rules.

4.            See the definition of “dealing” in Rule 2.1 of
Part A of the Rules.

5.            If the economic exposure to changes in the price of
securities is limited, for example, by virtue of a stop loss arrangement
relating to a spread bet, full details must be given.

6.            See Rule 2.5(d) of Part A of the Rules.

7.            If details included in a disclosure under Rule 8 are
incorrect, they should be corrected as soon as practicable in a subsequent
disclosure. Such disclosure should state clearly that it corrects details
disclosed previously, identify the disclosure or disclosures being corrected,
and provide sufficient detail for the reader to understand the nature of the
corrections. In the case of any doubt, the Panel should be consulted.

For full details of disclosure requirements, see Rule 8 of the Rules. If in
doubt, consult the Panel.

References in these notes to “the Rules” are to the Irish Takeover Panel
Act, 1997, Takeover Rules, 2022.



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