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

Morgan StanleyAnnouncement

03/06/2025 12:30

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RNS Number : 2479L  Morgan Stanley  03 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 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:                                       02 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-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:                     1,237,703  0.74   846,851    0.51
 (2) Cash-settled derivatives:                                        780,316    0.47   1,230,142  0.74

 (3) Stock-settled derivatives (including options) and agreements to  0          0.00   0          0.00
 purchase/sell:
                                                                      2,018,019  1.21   2,076,993  1.25

      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       100                   21.7300 CAD

 Common                      PURCHASE       520                   21.7908 CAD

 Common                      PURCHASE       4,900                 21.8146 CAD

 Common                      PURCHASE       52                    21.8300 CAD

 Common                      PURCHASE       3,000                 21.8350 CAD

 Common                      PURCHASE       4,200                 21.8408 CAD

 Common                      PURCHASE       400                   21.8450 CAD

 Common                      PURCHASE       10,200                21.8541 CAD

 Common                      PURCHASE       1                     21.9900 CAD

 Common                      SALE           300                   21.7667 CAD

 Common                      SALE           3,100                 21.8206 CAD

 Common                      SALE           14,101                21.8270 CAD

 Common                      SALE           16,428                21.8343 CAD

 Common                      SALE           113                   21.8365 CAD

 Common                      SALE           4,101                 21.8628 CAD

 Common                      SALE           200                   21.8700 CAD

 Common                      SALE           1,900                 21.8942 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                                                     128                             21.7381 CAD

 Common                      CFD                  increasing a long position                                                     3,100                           21.8206 CAD

 Common                      CFD                  increasing a long position                                                     16,300                          21.8351 CAD

 Common                      CFD                  increasing a long position                                                     113                             21.8366 CAD

 Common                      CFD                  increasing a long position                                                     200                             21.8700 CAD

 Common                      CFD                  increasing a short position                                                    520                             21.7908 CAD

 Common                      CFD                  increasing a short position                                                    4,200                           21.8408 CAD

 Common                      CFD                  increasing a short position                                                    10,200                          21.8541 CAD

 Common                      CFD                  reducing a long position                                                       100                             21.7300 CAD

 Common                      CFD                  reducing a long position                                                       200                             21.7900 CAD

 Common                      CFD                  reducing a long position                                                       4,900                           21.8146 CAD

 Common                      CFD                  reducing a long position                                                       2,800                           21.8382 CAD

 Common                      CFD                  reducing a long position                                                       400                             21.8450 CAD

 Common                      CFD                  reducing a short position                                                      300                             21.7667 CAD

 Common                      CFD                  reducing a short position                                                      14,100                          21.8270 CAD

 Common                      CFD                  reducing a short position                                                      1                               21.8300 CAD

 Common                      CFD                  reducing a short position                                                      1                               21.8300 CAD

 Common                      CFD                  reducing a short position                                                      4,100                           21.8628 CAD

 Common                      CFD                  reducing a short position                                                      1,900                           21.8942 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:  03 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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