13th Mar 2008 11:23
Morgan Stanley Securities Limited13 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 Plc Class of relevant security to which the Ordinary Sharesdealings being disclosed relate (Note 1) Date of dealing 12 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 266,425 6.1950 6.0450 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 65,537 6.1900 6.0750 (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 1,316 6.1049CFD SHORT 542 6.1050CFD SHORT 66,632 6.1164CFD LONG 4,881 6.1089CFD LONG 20,836 6.1156CFD LONG 563 6.1570CFD LONG 274 6.1570CFD LONG 318 6.1570CFD LONG 66 6.1570CFD LONG 546 6.1570CFD SHORT 7,853 6.0838CFD SHORT 957 6.0838CFD SHORT 3,000 6.0850CFD SHORT 33,830 6.0863CFD SHORT 20,291 6.0863CFD SHORT 16,608 6.0883CFD SHORT 4,887 6.0926CFD SHORT 20,836 6.0943CFD SHORT 10,200 6.0962CFD SHORT 22,628 6.0974CFD SHORT 16,026 6.1099CFD SHORT 5,398 6.1597 (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 13 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