REG - Morgan Stanley & Co. Tullow Oil PLC - Form 8.5 (EPT/RI) - Tullow Oil plc

Tullow OilAnnouncement

15/07/2022 09:45

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RNS Number : 6453S  Morgan Stanley & Co. Int'l plc  15 July 2022

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  Tullow Oil plc
 relates:

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is        Capricorn Energy plc
 connected:
 (d) Date dealing undertaken:                                                    14 July 2022
 (e) In addition to the company in 1(b) above, is the exempt principal trader    YES - Capricorn Energy plc
 making disclosures in respect of any other party to this offer?

      If it is a cash offer or possible cash offer, state "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

 10p ordinary                SALES             1,250,057                   0.4298 GBP                            0.4195 GBP
 10p ordinary                PURCHASES         2,188,532                   0.4303 GBP                            0.4204 GBP

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 10p ordinary                CFD                  increasing a long position                                                     198                             0.4204 GBP
 10p ordinary                CFD                  increasing a long position                                                     47,570                          0.4216 GBP
 10p ordinary                CFD                  increasing a long position                                                     2,596                           0.4238 GBP
 10p ordinary                CFD                  increasing a long position                                                     55,172                          0.4244 GBP
 10p ordinary                CFD                  increasing a long position                                                     32,676                          0.4256 GBP
 10p ordinary                CFD                  increasing a short position                                                    12,551                          0.4204 GBP
 10p ordinary                CFD                  increasing a short position                                                    152,595                         0.4230 GBP
 10p ordinary                CFD                  increasing a short position                                                    8,344                           0.4232 GBP
 10p ordinary                CFD                  increasing a short position                                                    100,920                         0.4234 GBP
 10p ordinary                CFD                  increasing a short position                                                    54,557                          0.4250 GBP
 10p ordinary                CFD                  increasing a short position                                                    1,602                           0.4308 GBP
 10p ordinary                CFD                  reducing a long position                                                       382,506                         0.4201 GBP
 10p ordinary                CFD                  reducing a long position                                                       45,640                          0.4201 GBP
 10p ordinary                CFD                  reducing a long position                                                       347                             0.4204 GBP
 10p ordinary                CFD                  reducing a long position                                                       81,144                          0.4229 GBP
 10p ordinary                CFD                  reducing a long position                                                       680,056                         0.4229 GBP
 10p ordinary                CFD                  reducing a long position                                                       4,278                           0.4234 GBP
 10p ordinary                CFD                  reducing a long position                                                       459,900                         0.4262 GBP
 10p ordinary                CFD                  reducing a long position                                                       11,701                          0.4269 GBP
 10p ordinary                CFD                  reducing a long position                                                       49,216                          0.4302 GBP
 10p ordinary                CFD                  reducing a short position                                                      19                              0.4204 GBP
 10p ordinary                CFD                  reducing a short position                                                      75,452                          0.4204 GBP
 10p ordinary                CFD                  reducing a short position                                                      60,664                          0.4205 GBP
 10p ordinary                CFD                  reducing a short position                                                      152,595                         0.4238 GBP
 10p ordinary                CFD                  reducing a short position                                                      459,900                         0.4262 GBP
 10p ordinary                CFD                  reducing a short position                                                      79,173                          0.4272 GBP
 10p ordinary                CFD                  reducing a short position                                                      1,602                           0.4298 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.
 N/A                         N/A                                   N/A                                         N/A                                           N/A                      N/A                            N/A          N/A

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option
 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               Details  Price per unit (if applicable)

                             e.g. subscription, conversion
 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:  15 July 2022
 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
(http://www.thetakeoverpanel.org.uk) .

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