NETW.L

Network International Holdings
Morgan Stanley & Co. - Form 8.5 (EPT/RI)- Replacement of Network
16th September 2024, 14:42
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RNS Number : 3834E
Morgan Stanley & Co. Int'l plc
16 September 2024
 

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 relates:

     Use a separate form for each offeror/offeree

Network International Holdings plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Brookfield Asset Management Limited

(d) Date dealing undertaken:

12 September 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

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

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

SALES

1,382,289

3.9918 GBP

3.9808 GBP

10p ordinary

PURCHASES

997,219

3.9922 GBP

3.9840 GBP

 

(b)        Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

10p ordinary

CFD

increasing a long position

25,225

3.9865 GBP

10p ordinary

CFD

increasing a long position

53,200

3.9873 GBP

10p ordinary

CFD

increasing a short position

14,779

3.9840 GBP

10p ordinary

CFD

increasing a short position

2,184

3.9840 GBP

10p ordinary

CFD

increasing a short position

12,523

3.9865 GBP

10p ordinary

CFD

increasing a short position

1,168

3.9869 GBP

10p ordinary

CFD

increasing a short position

9,658

3.9877 GBP

10p ordinary

CFD

increasing a short position

296

3.9880 GBP

10p ordinary

CFD

increasing a short position

5,814

3.9880 GBP

10p ordinary

CFD

increasing a short position

4,542

3.9882 GBP

10p ordinary

CFD

increasing a short position

964

3.9917 GBP

10p ordinary

CFD

increasing a short position

63,106

3.9922 GBP

10p ordinary

CFD

reducing a long position

18,848

3.9878 GBP

10p ordinary

CFD

reducing a long position

1,198

3.9880 GBP

10p ordinary

CFD

reducing a long position

57

3.9882 GBP

10p ordinary

CFD

reducing a short position

32,142

3.9808 GBP

10p ordinary

CFD

reducing a short position

38,255

3.9808 GBP

10p ordinary

CFD

reducing a short position

141,219

3.9808 GBP

10p ordinary

CFD

reducing a short position

205,704

3.9808 GBP

10p ordinary

CFD

reducing a short position

26,830

3.9808 GBP

10p ordinary

CFD

reducing a short position

1,958

3.9900 GBP

10p ordinary

CFD

reducing a short position

1,599

3.9918 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

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

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

e.g. subscription, conversion

Details

Price per unit (if applicable)

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:

16 September 2024
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.

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