EFTA00649545.pdf

From: Richard Kahn To: "jeffrey E." Subject: Fwd: Rothschild - Being shown an offer! [C] Date: Wed, 31 May 2017 13:51:51 +0000 Inline-Images: image001.gif hope everything went well last night and this am.. 25,000 in ROTH being offered at 28.50 - note market closes at 11:30am EST today and reopens tomorrow 3:00am EST Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: Delores Rubin < Subject: RE: Rothschild - Being shown an offer! [C] Date: May 31, 2017 at 9:38:43 AM EDT To: Richard Kahn < Cc: Tazia Smith < >, Vahe Stepanian Classification: Confidential Richard, We have a seller checking us on 25,000 shares which is a sizeable amount for this name. The indicated seller cares around the 28.50 EUR level. The stock is currently 28.42 x 28.50. Please let us know as soon as possible if you would like to try to buy or you want to counter with a lower bid. Thank you. Best regards, Delores Rubin Lyhttp s://bra nrinnrt EFTA00649545 Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue 10154.0004 New York, NY. USA Tel. Email From: Delores Rubin Sent: Wednesday, May 31, 2017 8:19 AM To: 'Richard Kahn' Cc: Tazia Smith < ; Vahe Stepanian Subject: RE: Rothschild [C] Classification: Confidential Good Morning Richard, It is another very quiet trading day for Rothschild. We have not had any institutional interest expressed yet, but we would still like the opportunity to work an order for you. As I stated, a market for the type of size you are looking for is more risk than we can take on. The stock has been trending higher since December after breaking through the 22 EUR level. After pushing through 27 the stock keeps bouncing in this range of 27.80 to 28.30. Despite the low volume, we may have luck with a working an order on a limit. Please let us know if you would like to pursue that option. Thank you. Best regards, Delores Rubin p, http s://bra Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue. 10154-0004 New York, NY. USA Tel. Email From: Richard Kahn [mailto: Sent: Tuesday, May 30, 2017 2:37 PM To: Delores Rubin Cc: Tazia Smith Subject: Re: Rothschild [C] yes please EFTA00649546 thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell On May 30, 2017, at 11:18 AM, Delores Rubin < > wrote: Classification: Confidential Richard, We do not have anything to show you as of yet. but with your permission could we work to get you an offer tomorrow? Thank you. Best regards, Delores Rubin <image001.gif> Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue 10154.0004 New York, NY, USA Tel. Email From: Richard Kahn Imailto: Sent: Tuesday, May 30, 2017 8:35 AM To: Delores Rubin Subject: Re: Rothschild [C] we are a buyer Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell EFTA00649547 On May 30, 2017, at 8:25 AM, Delores Rubin < > wrote: Classification: Confidential Hello Richard, We are unable to make a market in that size and as I stated last week without knowing if you are a Buyer or Seller we would not get a response from any of institutional clients we know care in the name. If you have an ultimate limit on either side, we could work an order for you. Best regards, Delores Rubin <image001.gif> Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue 101540004 New York, NY, USA Tel. Email From: Richard Kahn Imailto: Sent: Tuesday, May 30, 2017 8:22 AM To: Delores Rubin Cc: Tazia Smith •cl ›; Stewart Oldfield Vahe Stepanian ; Matt Glassman Davide-A Sferrazza <davide- Subject: Re: Rothschild [CI Thanks you for update. Any indication where a 100,000 share block can be crossed? Please advise. Thank you. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York NY 10022 Phone Fax Cell On May 30, 2017, at 8:14 AM, Delores Rubin < > wrote: Classification: Confidential Good Morning Richard and Tazia, In the event you still care in Rothschild, volumes continue to be around its average of 15,000 shares a day over the past week, but a few local houses have advertised sizeable volume that has not been reflected on the tape. ODDO secutities has been advertising crossing and trading stock for the past week and EXANE has advertised trading over 100,000 shares in the same time period. EFTA00649548 The stock has been in a range of 28 - 28.20 EUR and we would still be happy to work an order for you if it helps. Best regards, Delores Rubin <image001.gif> Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue. 10154-0004 New York. NY. USA Tel. Email From: Delores Rubin Sent: Wednesday, May 24, 2017 8:32 AM To: Tazia Smith < >; 'Richard Kahn' Cc: Stewart Oldfield < >; Vahe Stepanian ; Davide-A Sferrazza Subject: RE: Rothschild [C] ; Matt Glassman Classification: Confidential Good Morning Richard, Very little activity so far today on Rothschild. Our trader had working orders from two large institutions in the past 6 months. These institutions, if they have something to do would care on the type of size you would like to trade. Our trader would like the opportunity to inquiry if they care, but to be blunt, it is unreasonable to try to open them up without an idea of whether we are a buyer or a seller. DB would be happy to work an order for you using all of our institutional capabilities. Thank you. Best regards, Delores Rubin <image001.gif> Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue. 10154-0004 New York. NY. USA Tel. Email From: Tazia Smith Sent: Tuesday, May 23, 2017 2:41 PM To: Richard Kahn EFTA00649549 Cc: Delores Rubin < ; Stewart Oldfield Vahe Stepanian ; Matt Glassman c .>; Davide-A Sferrazza <clavicle- Subject: RE: Rothschild [C] Classification: Confidential Thanks Rich. No market on 100k that we're in touch with (DB or agent). Delores will work towards showing a smaller size to try to get a two-way in front of you. Understand no trade. Best, Tazia From: Richard Kahn [mailto: Sent: Tuesday, May 23, 2017 11:13 AM To: Tazia Smith Cc: Delores Rubin; Stewart Oldfield; Vahe Stepanlan; Matt Glassman; Davide-A Sferrazza Subject: Re: Rothschild [C] mr epstein is not yet ready to put and order in without any firm indication on where he can get done for 100k thank you for your work on this.. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell On May 23, 2017, at 12:06 PM, Tazia Smith wrote: Classification: Confidential Rich — Closing the loop on today's trading, ROTH FP closed at 28 EUR on 12,414 daily volume. DB did trade small today, - 3,000 shares, split between High Touch and Low Touch which is usually the case for this name. The big International houses generally see Low Touch business, where the boutique houses dominate the High Touch. DB has good relationship with many of these boutique shops that work High Touch orders (as yours would be), so let us know if like to discuss further per my prior note about working smaller size. Speak Soon, Tazia EFTA00649550 Cell: From: Tazia Smith Sent: Tuesday, May 23, 2017 6:19 AM To: Delores Rubin; 'Richard Kahn' Cc: Stewart Old ieId; Vahe Stepanian; Matt Glassman Subject: RE: Rothschild [C] Rich - Just tried calling you. Please call Delores directly if you have follow through on this at 212-454- 3300. As team relayed, DB isn't (nor are we in touch with as agent) a marker maker on a full 100k shares. But, Delores has market color and guidance on a market if you portion out that size and can help facilitate. Remember the market closes in Paris at 11:30am. Tazia Tazia Smith Key Client Partners - US Deutsche Bank Wealth Management w. Original Message From: Delores Rubin Sent: Tuesday, May 23, 2017 07:42 AM Eastern Standard Time To: Richard Kahn; Tazia Smith Cc: Stewart Oldfield; Vahe Stepanian; Matt Glassman Subject: RE: Rothschild [C] Hello Richard, Sorry for the delayed response. I am one of the DB traders here in the US. I have been communicating with our team overseas on your inquiry. As Tazia mentioned, Rothschild is a light trading name. Our DB Institutional desk has not had any natural flow in this stock in the past few months, but a few clients that have expressed some interest in the name so we have calls out to ascertain if we might be able to put together something. The stock is currently 27.85 EUR x 27.95 EUR with only 4,000 shares that have traded. Average volume for this stock is 17,000 shares. We will be back to shortly with mare insight. Best regards, Delores Rubin EFTA00649551 <image001.gif> Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue 10154.0004 New York, NY, USA Tel. Email From: Richard Kahn rmailto: Sent: Tuesday, May 23, 2017 6:18 AM To: Tazia Smith < > Cc: Stewart Oldfield Delores Rubin Subject: Re: Rothschild [C] Any update on bid ask for 100k Roth ? Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York NY 10022 Phone Fax Cell ; Vahe Stepanian ‹ ; Matt Glassman On May 22, 2017, at 6:47 PM, Tazia Smith < > wrote: Working with our counterparts in Europe. Size / liquidity could be prohibitive for a market on that size but we will be back with color. Thanks Rich, Tazia Tazia Smith Key Client Partners - US Deutsche Bank Wealth Management w. Original Message From: Richard Kahn t Sent: Monday, May 22, 2017 05:26 PM Eastern Standard Time To: Tazia Smith Cc: Stewart Oldfield; Vahe Stepanian; Matt Glassman Subject: Re: Rothschild [C] thank you please forward quote once received tomorrow am EFTA00649552 thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell On May 22, 2017, at 2:16 PM, Tazia Smith < > wrote: Classification: Confidential You saw it closed in France at 27.585 euros, on —16k shares today. Call you now to discuss your aftermarket objectives on 100k — I'm concerned b/a is going to be wide. From: Richard Kahn Imaitto: Sent: Monday, May 22, 2017 11:09 AM To: Tazia Smith Subject: Re: Rothschild [C] thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell On May 22, 2017, at 2:07 PM, Tazia Smith < wrote: Classification: Confidential Hi Rich — Received. Reviewing. Be back From: Richard Kahn [mallto Sent: Monday, May 22, 2017 10:59 AM To: Tazia Smith Cc: Stewart Oldfield Subject: Fwd: Rothschild can you please provide bid ask as per email below thank you EFTA00649553 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell Begin forwarded message: From: Richard Kahn Subject: Rothschild Date: May 22, 2017 at 1:56:17 PM EDT To: Vahe Stepanian Cc: Stewart Oldfield can you please provide a bid ask on 100,000 shares of: Rothschild & Co SCA EPA: ROTH - May 22, 5:35 PM GMT+2 27.58EUR0.12 (0.42%) thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA00649554 Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. <Rothschild interday 5.22.17.pdf> This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or EFTA00649555 distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00649556