26th Mar 2008 13:17
Morgan Stanley Securities Limited26 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 25 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 319,141 5.3150 5.1100 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 1,967,659 5.3250 5.1250 (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 3,582 5.1586CFD LONG 191 5.1900CFD LONG 21,000 5.1323CFD LONG 1,750,000 5.1900CFD LONG 43,947 5.1912CFD LONG 5,352 5.1912CFD LONG 8,051 5.1923CFD LONG 44,727 5.1923CFD LONG 21,138 5.1928CFD LONG 2,728 5.2117CFD LONG 8,845 5.2283CFD SHORT 19,000 5.1681CFD SHORT 12,631 5.1716CFD SHORT 46,260 5.1795CFD SHORT 16,686 5.1799CFD SHORT 24,045 5.1874CFD SHORT 41,999 5.1895CFD SHORT 10,779 5.1895CFD SHORT 36 5.1908CFD SHORT 291 5.1908CFD SHORT 52,808 5.1957CFD SHORT 2,900 5.2000CFD SHORT 2,700 5.2316CFD SHORT 2,000 5.2393CFD SHORT 27,698 5.2558CFD SHORT 498 5.1900CFD SHORT 712 5.1900 (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 26 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