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

Morgan StanleyAnnouncement

04/08/2025 11:15

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RNS Number : 8531T  Morgan Stanley  04 August 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:                                       01 August 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:                     4,615,679  1.34   23,361    0.01
 (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:
                                                                      4,615,679  1.34   23,361    0.01

      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       749                   5.6900 AUD

 CHESS Depositary Interests  PURCHASE       212                   5.6950 AUD

 CHESS Depositary Interests  PURCHASE       1,296                 5.7000 AUD

 CHESS Depositary Interests  PURCHASE       111,484               5.7047 AUD

 CHESS Depositary Interests  PURCHASE       139                   5.7100 AUD

 CHESS Depositary Interests  PURCHASE       113,511               5.7147 AUD

 CHESS Depositary Interests  PURCHASE       199                   5.7150 AUD

 CHESS Depositary Interests  PURCHASE       8,518                 5.7184 AUD

 CHESS Depositary Interests  PURCHASE       4                     5.7250 AUD

 CHESS Depositary Interests  PURCHASE       1,324                 5.7300 AUD

 CHESS Depositary Interests  PURCHASE       858                   5.7350 AUD

 CHESS Depositary Interests  PURCHASE       2,801                 5.7400 AUD

 CHESS Depositary Interests  PURCHASE       369                   5.7450 AUD

 CHESS Depositary Interests  SALE           2,348                 5.6900 AUD

 CHESS Depositary Interests  SALE           212                   5.6950 AUD

 CHESS Depositary Interests  SALE           99,160                5.7000 AUD

 CHESS Depositary Interests  SALE           443                   5.7050 AUD

 CHESS Depositary Interests  SALE           806                   5.7100 AUD

 CHESS Depositary Interests  SALE           3,335                 5.7113 AUD

 CHESS Depositary Interests  SALE           210                   5.7150 AUD

 CHESS Depositary Interests  SALE           347                   5.7200 AUD

 CHESS Depositary Interests  SALE           4                     5.7250 AUD

 CHESS Depositary Interests  SALE           1,584                 5.7300 AUD

 CHESS Depositary Interests  SALE           1,787                 5.7305 AUD

 CHESS Depositary Interests  SALE           858                   5.7350 AUD

 CHESS Depositary Interests  SALE           16,548                5.7400 AUD

 CHESS Depositary Interests  SALE           369                   5.7450 AUD

 1p ordinary                 PURCHASE       6,185                 2.8868 GBP

 1p ordinary                 PURCHASE       22,250                2.9500 GBP

 1p ordinary                 SALE           497                   2.8200 GBP

 1p ordinary                 SALE           1,000                 2.8250 GBP

 1p ordinary                 SALE           250                   2.8500 GBP

 1p ordinary                 SALE           24                    2.9100 GBP

 1p ordinary                 SALE           1,824                 2.9384 GBP

 1p ordinary                 SALE           19,397                2.9414 GBP

 1p ordinary                 SALE           1,000                 2.9450 GBP

 1p ordinary                 SALE           2,414                 2.9469 GBP

 1p ordinary                 SALE           1,304                 2.9600 GBP

 1p ordinary                 SALE           500                   2.9650 GBP

 1p ordinary                 SALE           225                   2.9750 GBP

 CHESS Depositary Interests  PURCHASE       110,098               5.7042 AUD

 CHESS Depositary Interests  PURCHASE       1,386                 5.7400 AUD

 CHESS Depositary Interests  SALE           111,484               5.7047 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:  04 August 2025
 Contact name:        Claire Gordon
 Telephone number*:   +44 141 245-8893

 

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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