Form 8.5 (EPT/RI) (1079N)
August 26 2011 - 5:29AM
UK Regulatory
TIDMZZZZ TIDMAVE
RNS Number : 1079N
Morgan Stanley Securities Limited
26 August 2011
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 Securities Limited
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(b) Name of offeror/offeree in Avis Europe plc
relation to whose relevant securities
this form relates: Use a separate
form for each offeror/offeree
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(c) Name of the party to the offer Avis Europe plc
with which exempt principal trader is
connected:
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(d) Date dealing undertaken: 25th August 2011
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(e) Has the EPT previously disclosed, No
or is it today disclosing, under the
Code in respect of any other party to
this offer?
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2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and sales
Class of Total number Highest price Lowest price
relevant Purchases/ of per unit per unit
security sales securities paid/received paid/received
-------------- --------------- ------------- -------------- --------------
ORD GBP PURCHASES 3,563 3.1500 3.1250
-------------- --------------- ------------- -------------- --------------
ORD GBP SALES 3,051 3.1333 3.1250
-------------- --------------- ------------- -------------- --------------
(b) Derivatives transactions (other than options)
Nature of dealing
e.g opening/closing
a long/short
position,
Class of Product increasing/reducing Number of
relevant description a long/short reference Price per
security e.g CFD position securities unit
-------------- ------------- --------------------- ------------ ----------
ORD GBP CFD LONG 376 3.1258
-------------- ------------- --------------------- ------------ ----------
ORD GBP CFD LONG 918 3.1258
-------------- ------------- --------------------- ------------ ----------
ORD GBP CFD SHORT 918 3.1374
-------------- ------------- --------------------- ------------ ----------
ORD GBP CFD SHORT 258 3.1374
-------------- ------------- --------------------- ------------ ----------
ORD GBP CFD SHORT 630 3.1379
-------------- ------------- --------------------- ------------ ----------
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number of Exercise Type e.g. Expiry Option
relevant description purchasing, securities price American, date money
security e.g. call selling, to which per European paid/
option varying option unit etc. received
etc. relates per
unit
--------- ------------ ------------ ----------- --------- ---------- ------- ---------
N/A N/A N/A N/A N/A N/A N/A N/A
--------- ------------ ------------ ----------- --------- ---------- ------- ---------
(ii) Exercising
Class of relevant Product Number of Exercise price
security description e.g. securities per unit
call option
------------------ ------------------ ------------------ ------------------
N/A N/A N/A N/A
------------------ ------------------ ------------------ ------------------
(d) Other dealings (including subscribing for new
securities)
Class of relevant Nature of dealing Details Price per unit (if
security e.g. subscription, applicable)
conversion
---------------------- --------------------- -------- ---------------------
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"
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None
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(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
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Date of disclosure: 26th August 2011
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Contact name: Emma Cansell
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Telephone number: 0207 677 2630
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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 monitoring@disclosure.org.uk. 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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