REG - Morgan Stanley Dundee Precious Met. - Form 8.3 - Dundee Precious Metals Inc.

Morgan StanleyAnnouncement

23/05/2025 12:15

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RNS Number : 0176K  Morgan Stanley  23 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 Canada Limited
 different from 1(a):

      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   Dundee Precious Metals Inc.
 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:                                       22 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 - Adriatic Metals plc
 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:                                          Common

                                                                      Interests         Short positions

                                                                      Number     %      Number     %
 (1) Relevant securities owned and/or controlled:                     1,308,463  0.78   744,217    0.45
 (2) Cash-settled derivatives:                                        711,853    0.43   1,301,557  0.78

 (3) Stock-settled derivatives (including options) and agreements to  0          0.00   0          0.00
 purchase/sell:
                                                                      2,020,316  1.21   2,045,774  1.22

      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

 Common                      PURCHASE       13,801                20.3000 CAD

 Common                      PURCHASE       300                   20.3267 CAD

 Common                      PURCHASE       3,371                 20.3279 CAD

 Common                      PURCHASE       3,307                 20.3531 CAD

 Common                      PURCHASE       3,400                 20.3571 CAD

 Common                      PURCHASE       9,463                 20.3646 CAD

 Common                      SALE           3,139                 20.3000 CAD

 Common                      SALE           6,318                 20.3045 CAD

 Common                      SALE           2,900                 20.3053 CAD

 Common                      SALE           7,700                 20.3415 CAD

 Common                      SALE           11,001                20.3419 CAD

 Common                      SALE           10,100                20.3506 CAD

 Common                      SALE           100                   20.3600 CAD

 Common                      SALE           2,000                 20.3858 CAD

 Common                      SALE           3,588                 20.3874 CAD

 Common                      SALE           4,600                 20.3880 CAD

 Common                      SALE           2,700                 20.3912 CAD

 

(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
 Common                      CFD                  increasing a long position                                                     6,900                           20.3000 CAD

 Common                      CFD                  increasing a long position                                                     2,900                           20.3053 CAD

 Common                      CFD                  increasing a long position                                                     322                             20.3435 CAD

 Common                      CFD                  increasing a long position                                                     2,378                           20.3976 CAD

 Common                      CFD                  increasing a short position                                                    2,400                           20.3000 CAD

 Common                      CFD                  increasing a short position                                                    3,161                           20.3508 CAD

 Common                      CFD                  increasing a short position                                                    9,463                           20.3646 CAD

 Common                      CFD                  increasing a short position                                                    146                             20.4045 CAD

 Common                      CFD                  reducing a long position                                                       11,400                          20.3000 CAD

 Common                      CFD                  reducing a long position                                                       6,900                           20.3000 CAD

 Common                      CFD                  reducing a long position                                                       300                             20.3267 CAD

 Common                      CFD                  reducing a long position                                                       3,400                           20.3571 CAD

 Common                      CFD                  reducing a short position                                                      6,300                           20.3043 CAD

 Common                      CFD                  reducing a short position                                                      1,900                           20.3415 CAD

 Common                      CFD                  reducing a short position                                                      5,800                           20.3415 CAD

 Common                      CFD                  reducing a short position                                                      11,000                          20.3419 CAD

 Common                      CFD                  reducing a short position                                                      10,100                          20.3506 CAD

 Common                      CFD                  reducing a short position                                                      100                             20.3600 CAD

 Common                      CFD                  reducing a short position                                                      18                              20.3822 CAD

 Common                      CFD                  reducing a short position                                                      2,000                           20.3858 CAD

 Common                      CFD                  reducing a short position                                                      3,588                           20.3874 CAD

 Common                      CFD                  reducing a short position                                                      4,600                           20.3883 CAD

 Common                      CFD                  reducing a short position                                                      1                               20.4200 CAD

 

(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:  23 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) .

 

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