20th Mar 2008 14:09
Morgan Stanley Securities Limited20 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 19 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 854,140 5.4750 4.8700 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 359,591 5.2900 4.8800 (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 16,122 5.0821CFD LONG 124,338 5.1200CFD LONG 43,000 5.1224CFD LONG 991 5.1594CFD LONG 830 5.2682CFD LONG 6,815 5.2682CFD SHORT 54,215 5.1907CFD SHORT 296 5.2511CFD SHORT 17,051 5.2700CFD SHORT 1,217 5.2700CFD SHORT 20,337 4.9474CFD SHORT 6,000 4.9688CFD SHORT 10,418 4.9722CFD SHORT 39,693 5.0736CFD SHORT 24,577 5.0911CFD SHORT 25,170 5.0934CFD SHORT 36,001 5.0959CFD SHORT 13,944 5.1014CFD SHORT 16,999 5.1078CFD SHORT 2,071 5.1078CFD SHORT 2,100 5.1133CFD SHORT 124,815 5.1152CFD SHORT 28,858 5.1196CFD SHORT 17,555 5.1196CFD SHORT 160,000 5.1276CFD SHORT 1,015 5.1970CFD SHORT 20,065 5.1970CFD SHORT 9,549 5.2700CFD SHORT 40,772 5.2707CFD SHORT 8,000 5.2707CFD SHORT 4,000 5.3068 (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 20 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