Form 8.5 (EPT/RI) - IWG plc

 

 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:	Starwood Cap Eur Operations LTD
(d) Date dealing undertaken:	23 JULY 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	442,772	3.0540 GBP	2.9810 GBP
1p ordinary	SALES	392,732	3.0540 GBP	2.9760 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	34,438	2.9874 GBP
1p ordinary	CFD	LONG	26,316	2.9880 GBP
1p ordinary	CFD	LONG	4,989	2.9880 GBP
1p ordinary	CFD	LONG	7,884	3.0142 GBP
1p ordinary	CFD	LONG	6,385	3.0142 GBP
1p ordinary	CFD	LONG	3,127	3.0218 GBP
1p ordinary	CFD	LONG	217	3.0238 GBP
1p ordinary	CFD	SHORT	10,000	2.9527 GBP
1p ordinary	CFD	SHORT	214	2.9830 GBP
1p ordinary	CFD	SHORT	2	2.9830 GBP
1p ordinary	CFD	SHORT	2	2.9877 GBP
1p ordinary	CFD	SHORT	7,884	2.9877 GBP
1p ordinary	CFD	SHORT	4,989	2.9880 GBP
1p ordinary	CFD	SHORT	7,725	2.9880 GBP
1p ordinary	CFD	SHORT	411	2.9880 GBP
1p ordinary	CFD	SHORT	25,737	2.9880 GBP
1p ordinary	CFD	SHORT	4,691	2.9999 GBP
1p ordinary	CFD	SHORT	680	3.0100 GBP
1p ordinary	CFD	SHORT	96	3.0113 GBP
1p ordinary	CFD	SHORT	10,500	3.0177 GBP
1p ordinary	CFD	SHORT	21,300	3.0177 GBP
1p ordinary	CFD	SHORT	45,000	3.0180 GBP
1p ordinary	CFD	SHORT	44,454	3.0218 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:	24 JULY 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.