14th Mar 2008 12:09
Morgan Stanley Securities Limited14 March 2008 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(a) of the Takeover Code) 1. KEY INFORMATION Name of exempt principal trader Morgan Stanley Securities Limited Company dealt in Punch Tavern PlcClass of relevant security to which the Ordinary Sharesdealings being disclosed relate (Note 1) Date of dealing 13 March 2008 2. DEALINGS (Note 2) (a) Purchases and sales Total number of securities purchased Highest price paid (Note 3) GBP Lowest price paid (Note 3) GBP 656,498 6.0350 5.7450 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 299,879 6.0050 5.7800 (b) Derivatives transactions (other than options) Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) GBP e.g. CFDCFD LONG 37,856 5.8651CFD LONG 34,666 5.8410CFD LONG 89 5.8536CFD LONG 731 5.8536CFD LONG 75,900 5.9067CFD LONG 927 5.9670CFD LONG 446 5.9670CFD LONG 383 5.9670CFD LONG 104 5.9670CFD LONG 744 5.9670CFD SHORT 174,630 5.7865CFD SHORT 28,676 5.7870CFD SHORT 97,518 5.7952CFD SHORT 4,549 5.7993CFD SHORT 25,551 5.8048CFD SHORT 43,188 5.8048CFD SHORT 31,799 5.8078CFD SHORT 3,826 5.8078CFD SHORT 2,567 5.8149CFD SHORT 188 5.8149CFD SHORT 188 5.8149CFD SHORT 21,079 5.8149CFD SHORT 1,548 5.8149CFD SHORT 1,548 5.8149CFD SHORT 34,666 5.8287CFD SHORT 3,000 5.8358CFD SHORT 27,444 5.8423CFD SHORT 500 5.9340CFD SHORT 6,000 5.9950 (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money purchasing, to which the option American,e.g. call option varying etc. relates (Note 5) price European etc. date paid/received per unit (Note 3) N/A N/A N/A N/A N/A N/A N/A (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 3)N/A N/A N/A 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relatingto the voting rights of any relevant securities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form isreferenced. If none, this should be stated. NONE Date of disclosure 14 March 2008 Contact name Zafrhan Fahmy Telephone number 020 7677 1871 Name of offeree/offeror with which connected Punch Tavern PlcNature of connection (Note 6) Advisor Notes The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Punch Taverns PLC