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

Morgan StanleyAnnouncement

Today 14:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250617:nRSQ2278Na&default-theme=true

RNS Number : 2278N  Morgan Stanley  17 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:                                       16 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:                     254,295  0.07   724,289   0.21
 (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:
                                                                      254,295  0.07   724,289   0.21

      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                   5.3600 AUD

 CHESS Depositary Interests  PURCHASE       322                   5.3800 AUD

 CHESS Depositary Interests  PURCHASE       141                   5.3900 AUD

 CHESS Depositary Interests  PURCHASE       548                   5.4000 AUD

 CHESS Depositary Interests  PURCHASE       15                    5.4050 AUD

 CHESS Depositary Interests  PURCHASE       410                   5.4100 AUD

 CHESS Depositary Interests  PURCHASE       6,452                 5.4200 AUD

 CHESS Depositary Interests  PURCHASE       1,865                 5.4251 AUD

 CHESS Depositary Interests  PURCHASE       13,530                5.4279 AUD

 CHESS Depositary Interests  PURCHASE       13,066                5.4289 AUD

 CHESS Depositary Interests  PURCHASE       2,894                 5.4300 AUD

 CHESS Depositary Interests  PURCHASE       1,539                 5.4400 AUD

 CHESS Depositary Interests  PURCHASE       10,154                5.4500 AUD

 CHESS Depositary Interests  SALE           228                   5.3700 AUD

 CHESS Depositary Interests  SALE           2,000                 5.4000 AUD

 CHESS Depositary Interests  SALE           630                   5.4100 AUD

 CHESS Depositary Interests  SALE           4,000                 5.4200 AUD

 CHESS Depositary Interests  SALE           24,169                5.4296 AUD

 CHESS Depositary Interests  SALE           3,216                 5.4300 AUD

 CHESS Depositary Interests  SALE           6,206                 5.4315 AUD

 CHESS Depositary Interests  SALE           1,989                 5.4400 AUD

 CHESS Depositary Interests  SALE           2,227                 5.4500 AUD

 CHESS Depositary Interests  SALE           2,382                 5.4600 AUD

 1p ordinary                 PURCHASE       4,030                 2.5506 GBP

 1p ordinary                 PURCHASE       482                   2.5650 GBP

 1p ordinary                 PURCHASE       10,000                2.5995 GBP

 1p ordinary                 PURCHASE       1,300                 2.6000 GBP

 1p ordinary                 PURCHASE       742                   2.6011 GBP

 1p ordinary                 PURCHASE       4,000                 2.6021 GBP

 1p ordinary                 PURCHASE       45,591                2.6139 GBP

 1p ordinary                 PURCHASE       5,000                 2.6150 GBP

 1p ordinary                 PURCHASE       60,000                2.6305 GBP

 1p ordinary                 PURCHASE       568                   2.6550 GBP

 1p ordinary                 SALE           3,969                 2.5350 GBP

 1p ordinary                 SALE           900                   2.5439 GBP

 1p ordinary                 SALE           4,030                 2.5506 GBP

 1p ordinary                 SALE           5,000                 2.5850 GBP

 1p ordinary                 SALE           831                   2.5950 GBP

 1p ordinary                 SALE           406                   2.6000 GBP

 1p ordinary                 SALE           6,991                 2.6100 GBP

 1p ordinary                 SALE           570                   2.6200 GBP

 1p ordinary                 SALE           14,502                2.6238 GBP

 1p ordinary                 SALE           1,250                 2.6250 GBP

 1p ordinary                 SALE           81,725                2.6261 GBP

 1p ordinary                 SALE           10,471                2.6289 GBP

 1p ordinary                 SALE           500                   2.6500 GBP

 1p ordinary                 SALE           568                   2.6550 GBP

 CHESS Depositary Interests  PURCHASE       13,066                5.4289 AUD

 CHESS Depositary Interests  SALE           13,066                5.4289 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:  17 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) .

 

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  RETFLFEFRIIDLIE