22nd Feb 2008 10:49
Morgan Stanley Securities Limited22 February 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 21 February 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 652,556 6.6300 6.4850 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 211,484 6.6200 6.5000 (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 SHORT 5,257 6.5552CFD SHORT 5,257 6.5600CFD SHORT 1,060 6.5673CFD LONG 25827 6.5326CFD LONG 900 6.5548CFD LONG 2387 6.5592CFD LONG 153 6.5637CFD LONG 1886 6.5637CFD LONG 24849 6.5727CFD SHORT 26780 6.5503CFD SHORT 2420 6.5503CFD SHORT 24849 6.5556CFD SHORT 25232 6.5593CFD SHORT 25258 6.5721CFD SHORT 4054 6.5821CFD SHORT 4259 6.6013CFD SHORT 347 6.6013 (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 22 February 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