REG - Morgan Stanley Adriatic Metals - Form 8.3 - Adriatic Metals plc

Adriatic MetalsAnnouncement

Wed 12:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250528:nRSb4487Ka&default-theme=true

RNS Number : 4487K  Morgan Stanley  28 May 2025

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                      Morgan Stanley
 (b) Owner or controller of interests and short positions disclosed, if           Morgan Stanley Australia Securities Limited
 different from 1(a):

                                                                                Morgan Stanley Europe SE
      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   Adriatic Metals plc
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this      N/A
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       27 May 2025

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           YES-Dundee Precious Metals Inc
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

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

 

 Class of relevant security:                                          CHESS Depositary Interests

                                                                      Interests         Short positions

                                                                      Number   %        Number    %
 (1) Relevant securities owned and/or controlled:                     139,835  0.04     935,570   0.27
 (2) Cash-settled derivatives:                                        0        0.00     0         0.00

 (3) Stock-settled derivatives (including options) and agreements to  0        0.00     0         0.00
 purchase/sell:
                                                                      139,835  0.04     935,570   0.27

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of 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 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee options

 

 Class of relevant security in relation to which subscription right exists:   NO
 Details, including nature of the rights concerned and relevant percentages:  NO

 

 

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

 

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 security  Purchase/sale  Number of securities  Price per unit

 CHESS Depositary Interests  PURCHASE       4,033                 4.9650 AUD

 CHESS Depositary Interests  PURCHASE       540                   4.9700 AUD

 CHESS Depositary Interests  PURCHASE       1,551                 4.9750 AUD

 CHESS Depositary Interests  PURCHASE       29,331                4.9800 AUD

 CHESS Depositary Interests  PURCHASE       174                   4.9850 AUD

 CHESS Depositary Interests  PURCHASE       17,046                4.9900 AUD

 CHESS Depositary Interests  PURCHASE       621                   4.9950 AUD

 CHESS Depositary Interests  PURCHASE       650,092               5.0000 AUD

 CHESS Depositary Interests  PURCHASE       2,525                 5.0050 AUD

 CHESS Depositary Interests  PURCHASE       4,611                 5.0300 AUD

 CHESS Depositary Interests  PURCHASE       153                   5.0400 AUD

 CHESS Depositary Interests  PURCHASE       1,687                 5.0500 AUD

 CHESS Depositary Interests  PURCHASE       185                   5.0600 AUD

 CHESS Depositary Interests  PURCHASE       383                   5.0700 AUD

 CHESS Depositary Interests  PURCHASE       1,510                 5.0800 AUD

 CHESS Depositary Interests  PURCHASE       49,047                5.0861 AUD

 CHESS Depositary Interests  PURCHASE       1,078                 5.0900 AUD

 CHESS Depositary Interests  PURCHASE       433                   5.1100 AUD

 CHESS Depositary Interests  PURCHASE       146                   5.1150 AUD

 CHESS Depositary Interests  PURCHASE       3,529                 5.1200 AUD

 CHESS Depositary Interests  PURCHASE       4,867                 5.1300 AUD

 CHESS Depositary Interests  PURCHASE       8,428                 5.1400 AUD

 CHESS Depositary Interests  PURCHASE       202                   5.1450 AUD

 CHESS Depositary Interests  PURCHASE       26,063                5.1500 AUD

 CHESS Depositary Interests  PURCHASE       188                   5.1550 AUD

 CHESS Depositary Interests  PURCHASE       3,973                 5.1600 AUD

 CHESS Depositary Interests  PURCHASE       316                   5.1700 AUD

 CHESS Depositary Interests  SALE           2,396                 4.9900 AUD

 CHESS Depositary Interests  SALE           2,226                 4.9950 AUD

 CHESS Depositary Interests  SALE           221,610               4.9964 AUD

 CHESS Depositary Interests  SALE           498,711               5.0000 AUD

 CHESS Depositary Interests  SALE           502                   5.0050 AUD

 CHESS Depositary Interests  SALE           3,700                 5.0200 AUD

 CHESS Depositary Interests  SALE           1,290                 5.0300 AUD

 CHESS Depositary Interests  SALE           1,000                 5.0600 AUD

 CHESS Depositary Interests  SALE           103                   5.0700 AUD

 CHESS Depositary Interests  SALE           616                   5.0800 AUD

 CHESS Depositary Interests  SALE           699                   5.0900 AUD

 CHESS Depositary Interests  SALE           1,426                 5.0912 AUD

 CHESS Depositary Interests  SALE           8,340                 5.1000 AUD

 CHESS Depositary Interests  SALE           3,419                 5.1200 AUD

 CHESS Depositary Interests  SALE           8,634                 5.1400 AUD

 CHESS Depositary Interests  SALE           12,225                5.1500 AUD

 CHESS Depositary Interests  SALE           2,596                 5.1600 AUD

 CHESS Depositary Interests  SALE           30                    5.1700 AUD

 1p ordinary                 PURCHASE       15,000                2.3867 GBP

 1p ordinary                 PURCHASE       2,750                 2.3968 GBP

 1p ordinary                 PURCHASE       16,240                2.3994 GBP

 1p ordinary                 PURCHASE       1,650                 2.3998 GBP

 1p ordinary                 SALE           3,022                 2.3853 GBP

 1p ordinary                 SALE           5,569                 2.3865 GBP

 1p ordinary                 SALE           3,342                 2.3874 GBP

 1p ordinary                 SALE           9,498                 2.3944 GBP

 1p ordinary                 SALE           591                   2.3950 GBP

 1p ordinary                 SALE           6,850                 2.3987 GBP

 1p ordinary                 SALE           5,509                 2.4000 GBP

 1p ordinary                 SALE           690                   2.4050 GBP

 1p ordinary                 SALE           569                   2.4100 GBP

 CHESS Depositary Interests  PURCHASE       45,047                5.0805 AUD

 CHESS Depositary Interests  PURCHASE       4,000                 5.1500 AUD

 CHESS Depositary Interests  SALE           49,047                5.0861 AUD

 

(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
 N/A                         N/A                  N/A                                                                            N/A                             N/A

 

(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

 

 

4.         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 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

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the person 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

 

(c)        Attachments

 

 Is a Supplemental Form 8 (Open Positions) attached?  NO

 

 

 Date of disclosure:  28 May 2025
 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 disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RETFLFILERITFIE