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

Morgan StanleyAnnouncement

09/06/2025 12:30

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RNS Number : 0365M  Morgan Stanley  09 June 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:                                       06 June 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:                                          1p ordinary

                                                                      Interests       Short positions

                                                                      Number   %      Number    %
 (1) Relevant securities owned and/or controlled:                     162,583  0.05   823,518   0.24
 (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:
                                                                      162,583  0.05   823,518   0.24

      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       143                   5.2600 AUD

 CHESS Depositary Interests  PURCHASE       192                   5.2700 AUD

 CHESS Depositary Interests  PURCHASE       20                    5.2750 AUD

 CHESS Depositary Interests  PURCHASE       464                   5.2800 AUD

 CHESS Depositary Interests  PURCHASE       301                   5.2850 AUD

 CHESS Depositary Interests  PURCHASE       997                   5.2900 AUD

 CHESS Depositary Interests  PURCHASE       218                   5.2950 AUD

 CHESS Depositary Interests  PURCHASE       2,197                 5.3000 AUD

 CHESS Depositary Interests  PURCHASE       1,697                 5.3050 AUD

 CHESS Depositary Interests  PURCHASE       3,175                 5.3100 AUD

 CHESS Depositary Interests  PURCHASE       3,810                 5.3150 AUD

 CHESS Depositary Interests  PURCHASE       248                   5.3155 AUD

 CHESS Depositary Interests  PURCHASE       1,494                 5.3200 AUD

 CHESS Depositary Interests  PURCHASE       435                   5.3250 AUD

 CHESS Depositary Interests  PURCHASE       28                    5.3350 AUD

 CHESS Depositary Interests  PURCHASE       1,677                 5.3500 AUD

 CHESS Depositary Interests  PURCHASE       1,285                 5.3600 AUD

 CHESS Depositary Interests  PURCHASE       771                   5.3700 AUD

 CHESS Depositary Interests  PURCHASE       99                    5.3857 AUD

 CHESS Depositary Interests  PURCHASE       129                   5.3900 AUD

 CHESS Depositary Interests  PURCHASE       7,275                 5.4000 AUD

 CHESS Depositary Interests  SALE           32                    5.2500 AUD

 CHESS Depositary Interests  SALE           56                    5.2600 AUD

 CHESS Depositary Interests  SALE           91                    5.2700 AUD

 CHESS Depositary Interests  SALE           254                   5.2850 AUD

 CHESS Depositary Interests  SALE           27                    5.2900 AUD

 CHESS Depositary Interests  SALE           152                   5.2950 AUD

 CHESS Depositary Interests  SALE           299                   5.3000 AUD

 CHESS Depositary Interests  SALE           554                   5.3050 AUD

 CHESS Depositary Interests  SALE           782                   5.3100 AUD

 CHESS Depositary Interests  SALE           2,774                 5.3101 AUD

 CHESS Depositary Interests  SALE           689                   5.3150 AUD

 CHESS Depositary Interests  SALE           1,718                 5.3200 AUD

 CHESS Depositary Interests  SALE           435                   5.3250 AUD

 CHESS Depositary Interests  SALE           28                    5.3350 AUD

 CHESS Depositary Interests  SALE           772                   5.3500 AUD

 CHESS Depositary Interests  SALE           1,879                 5.3600 AUD

 CHESS Depositary Interests  SALE           115                   5.3700 AUD

 CHESS Depositary Interests  SALE           706                   5.3800 AUD

 CHESS Depositary Interests  SALE           172                   5.3900 AUD

 CHESS Depositary Interests  SALE           9,470                 5.4000 AUD

 1p ordinary                 PURCHASE       1,840                 2.5600 GBP

 1p ordinary                 PURCHASE       1,500                 2.5633 GBP

 1p ordinary                 SALE           500                   2.5500 GBP

 1p ordinary                 SALE           340                   2.5600 GBP

 1p ordinary                 SALE           2,000                 2.5625 GBP

 1p ordinary                 SALE           500                   2.5700 GBP

 CHESS Depositary Interests  PURCHASE       2,153                 5.4000 AUD

 CHESS Depositary Interests  SALE           2,153                 5.4000 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:  09 June 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) .

 

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