REG - Morgan Stanley & Co. Network Intnl Hldgs - Form 8.5 (EPT/RI)-Replacement of Network

Morgan StanleyAnnouncement

02/11/2023 12:00

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RNS Number : 2208S  Morgan Stanley & Co. Int'l plc  02 November 2023

AMENDMENT(2(a), 2(b))

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED
INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Name of exempt principal trader:                                            Morgan Stanley & Co. International plc
 (b) Name of offeror/offeree in relation to whose relevant securities this form  Network International Holdings plc
 relates:

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is        Brookfield Asset Management Limited
 connected:
 (d) Date dealing undertaken:                                                    27 October 2023
 (e) In addition to the company in 1(b) above, is the exempt principal trader    N/A
 making disclosures in respect of any other party to this offer?

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

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(b), copy table 2(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  Purchases/ sales  Total number of securities  Highest price per unit paid/received  Lowest price per unit paid/received

 10p ordinary                PURCHASES         908,070                     3.8860 GBP                            3.8700 GBP
 10p ordinary                SALES             1,418,436                   3.8916 GBP                            3.8685 GBP

 

(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
 10p ordinary                CFD                  increasing a long position                                                     405                             3.8721 GBP
 10p ordinary                CFD                  increasing a long position                                                     1,495                           3.8760 GBP
 10p ordinary                CFD                  increasing a long position                                                     1                               3.8860 GBP
 10p ordinary                CFD                  increasing a short position                                                    797,369                         3.8700 GBP
 10p ordinary                CFD                  increasing a short position                                                    6,888                           3.8714 GBP
 10p ordinary                CFD                  increasing a short position                                                    34,432                          3.8719 GBP
 10p ordinary                CFD                  increasing a short position                                                    133,849                         3.8726 GBP
 10p ordinary                CFD                  increasing a short position                                                    14,568                          3.8726 GBP
 10p ordinary                CFD                  increasing a short position                                                    59,815                          3.8726 GBP
 10p ordinary                CFD                  increasing a short position                                                    41,768                          3.8726 GBP
 10p ordinary                CFD                  increasing a short position                                                    325,742                         3.8740 GBP
 10p ordinary                CFD                  increasing a short position                                                    8,065                           3.8740 GBP
 10p ordinary                CFD                  increasing a short position                                                    138,553                         3.8740 GBP
 10p ordinary                CFD                  increasing a short position                                                    73                              3.8743 GBP
 10p ordinary                CFD                  increasing a short position                                                    303                             3.8752 GBP
 10p ordinary                CFD                  increasing a short position                                                    3,040                           3.8769 GBP
 10p ordinary                CFD                  reducing a long position                                                       3,081                           3.8700 GBP
 10p ordinary                CFD                  reducing a long position                                                       1,495                           3.8720 GBP
 10p ordinary                CFD                  reducing a short position                                                      224,254                         3.8685 GBP
 10p ordinary                CFD                  reducing a short position                                                      17,906                          3.8696 GBP
 10p ordinary                CFD                  reducing a short position                                                      797,369                         3.8700 GBP
 10p ordinary                CFD                  reducing a short position                                                      310                             3.8700 GBP
 10p ordinary                CFD                  reducing a short position                                                      67                              3.8707 GBP
 10p ordinary                CFD                  reducing a short position                                                      5                               3.8732 GBP
 10p ordinary                CFD                  reducing a short position                                                      4,302                           3.8734 GBP
 10p ordinary                CFD                  reducing a short position                                                      4,959                           3.8734 GBP
 10p ordinary                CFD                  reducing a short position                                                      200,000                         3.8740 GBP
 10p ordinary                CFD                  reducing a short position                                                      9,806                           3.8746 GBP
 10p ordinary                CFD                  reducing a short position                                                      18,580                          3.8747 GBP
 10p ordinary                CFD                  reducing a short position                                                      21,420                          3.8747 GBP
 10p ordinary                CFD                  reducing a short position                                                      5,355                           3.8754 GBP
 10p ordinary                CFD                  reducing a short position                                                      4,645                           3.8754 GBP
 10p ordinary                CFD                  reducing a short position                                                      100,000                         3.8771 GBP
 10p ordinary                CFD                  reducing a short position                                                      10,565                          3.8812 GBP
 10p ordinary                CFD                  reducing a short position                                                      8,065                           3.8890 GBP

 

(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

 

3.         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 exempt
 principal trader 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 exempt principal trader 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

 

 

 Date of disclosure:  02 November 2023
 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 dealing disclosure requirements on +44 (0)20 7638 0129.

 

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

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