24th Apr 2023 10:07
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Network International Holdings plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Brookfield Asset Management Limited |
(d) Date dealing undertaken: | 21 April 2023 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
10p ordinary | SALES | 7,389,667 | 4.0028 GBP | 3.9341 GBP |
10p ordinary | PURCHASES | 9,658,904 | 4.0040 GBP | 3.9330 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
10p ordinary | CFD | increasing a long position | 552,674 | 3.6075 GBP |
10p ordinary | CFD | increasing a long position | 631 | 3.9420 GBP |
10p ordinary | CFD | increasing a long position | 398 | 3.9538 GBP |
10p ordinary | CFD | increasing a long position | 10,758 | 3.9571 GBP |
10p ordinary | CFD | increasing a long position | 22,523 | 3.9621 GBP |
10p ordinary | CFD | increasing a long position | 3,616 | 3.9631 GBP |
10p ordinary | CFD | increasing a long position | 75,865 | 3.9638 GBP |
10p ordinary | CFD | increasing a long position | 12,512 | 3.9700 GBP |
10p ordinary | CFD | increasing a long position | 19,626 | 3.9732 GBP |
10p ordinary | CFD | increasing a long position | 50,156 | 3.9980 GBP |
10p ordinary | CFD | increasing a long position | 9,958 | 3.9992 GBP |
10p ordinary | CFD | increasing a long position | 48,000 | 3.9997 GBP |
10p ordinary | CFD | increasing a long position | 5,057 | 4.0020 GBP |
10p ordinary | CFD | increasing a short position | 50,156 | 3.9360 GBP |
10p ordinary | CFD | increasing a short position | 57 | 3.9380 GBP |
10p ordinary | CFD | increasing a short position | 15,000 | 3.9385 GBP |
10p ordinary | CFD | increasing a short position | 2,427 | 3.9395 GBP |
10p ordinary | CFD | increasing a short position | 7,635 | 3.9400 GBP |
10p ordinary | CFD | increasing a short position | 11,295 | 3.9400 GBP |
10p ordinary | CFD | increasing a short position | 2,264 | 3.9400 GBP |
10p ordinary | CFD | increasing a short position | 11,410 | 3.9400 GBP |
10p ordinary | CFD | increasing a short position | 36,031 | 3.9400 GBP |
10p ordinary | CFD | increasing a short position | 101,523 | 3.9406 GBP |
10p ordinary | CFD | increasing a short position | 10,689 | 3.9428 GBP |
10p ordinary | CFD | increasing a short position | 15,813 | 3.9428 GBP |
10p ordinary | CFD | increasing a short position | 15,974 | 3.9428 GBP |
10p ordinary | CFD | increasing a short position | 45,640 | 3.9447 GBP |
10p ordinary | CFD | increasing a short position | 30,540 | 3.9447 GBP |
10p ordinary | CFD | increasing a short position | 45,179 | 3.9447 GBP |
10p ordinary | CFD | increasing a short position | 1,148,803 | 3.9449 GBP |
10p ordinary | CFD | increasing a short position | 200,000 | 3.9456 GBP |
10p ordinary | CFD | increasing a short position | 200,000 | 3.9464 GBP |
10p ordinary | CFD | increasing a short position | 500,000 | 3.9466 GBP |
10p ordinary | CFD | increasing a short position | 2,539 | 3.9480 GBP |
10p ordinary | CFD | increasing a short position | 45,600 | 3.9481 GBP |
10p ordinary | CFD | increasing a short position | 5,974 | 3.9481 GBP |
10p ordinary | CFD | increasing a short position | 9,654 | 3.9481 GBP |
10p ordinary | CFD | increasing a short position | 44,483 | 3.9481 GBP |
10p ordinary | CFD | increasing a short position | 133,302 | 3.9481 GBP |
10p ordinary | CFD | increasing a short position | 179,061 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 14,754 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 1,932 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 43,128 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 14,392 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 20,588 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 3,124 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 42,814 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 18,515 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 167,483 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 50,447 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 272,403 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 21,092 | 3.9502 GBP |
10p ordinary | CFD | increasing a short position | 102,148 | 3.9505 GBP |
10p ordinary | CFD | increasing a short position | 131,490 | 3.9509 GBP |
10p ordinary | CFD | increasing a short position | 100,000 | 3.9520 GBP |
10p ordinary | CFD | increasing a short position | 127,171 | 3.9520 GBP |
10p ordinary | CFD | increasing a short position | 20,000 | 3.9526 GBP |
10p ordinary | CFD | increasing a short position | 15,340 | 3.9528 GBP |
10p ordinary | CFD | increasing a short position | 148,815 | 3.9528 GBP |
10p ordinary | CFD | increasing a short position | 22,927 | 3.9528 GBP |
10p ordinary | CFD | increasing a short position | 22,695 | 3.9528 GBP |
10p ordinary | CFD | increasing a short position | 4,688 | 3.9543 GBP |
10p ordinary | CFD | increasing a short position | 35,780 | 3.9543 GBP |
10p ordinary | CFD | increasing a short position | 34,906 | 3.9543 GBP |
10p ordinary | CFD | increasing a short position | 104,596 | 3.9543 GBP |
10p ordinary | CFD | increasing a short position | 7,576 | 3.9543 GBP |
10p ordinary | CFD | increasing a short position | 250,000 | 3.9553 GBP |
10p ordinary | CFD | increasing a short position | 46,503 | 3.9555 GBP |
10p ordinary | CFD | increasing a short position | 495,279 | 3.9559 GBP |
10p ordinary | CFD | increasing a short position | 26,824 | 3.9559 GBP |
10p ordinary | CFD | increasing a short position | 78,412 | 3.9559 GBP |
10p ordinary | CFD | increasing a short position | 26,164 | 3.9559 GBP |
10p ordinary | CFD | increasing a short position | 3,514 | 3.9559 GBP |
10p ordinary | CFD | increasing a short position | 5,680 | 3.9559 GBP |
10p ordinary | CFD | increasing a short position | 375,000 | 3.9569 GBP |
10p ordinary | CFD | increasing a short position | 25,000 | 3.9622 GBP |
10p ordinary | CFD | increasing a short position | 57,567 | 3.9625 GBP |
10p ordinary | CFD | increasing a short position | 7,730 | 3.9625 GBP |
10p ordinary | CFD | increasing a short position | 12,494 | 3.9625 GBP |
10p ordinary | CFD | increasing a short position | 59,010 | 3.9625 GBP |
10p ordinary | CFD | increasing a short position | 172,508 | 3.9625 GBP |
10p ordinary | CFD | increasing a short position | 39,206 | 3.9629 GBP |
10p ordinary | CFD | increasing a short position | 13,082 | 3.9629 GBP |
10p ordinary | CFD | increasing a short position | 1,758 | 3.9629 GBP |
10p ordinary | CFD | increasing a short position | 2,840 | 3.9629 GBP |
10p ordinary | CFD | increasing a short position | 13,412 | 3.9629 GBP |
10p ordinary | CFD | increasing a short position | 247,640 | 3.9629 GBP |
10p ordinary | CFD | increasing a short position | 9,400 | 3.9630 GBP |
10p ordinary | CFD | increasing a short position | 122,742 | 3.9700 GBP |
10p ordinary | CFD | increasing a short position | 3,443 | 3.9700 GBP |
10p ordinary | CFD | increasing a short position | 121,455 | 3.9700 GBP |
10p ordinary | CFD | increasing a short position | 71,291 | 3.9700 GBP |
10p ordinary | CFD | increasing a short position | 2,000 | 3.9704 GBP |
10p ordinary | CFD | increasing a short position | 2,363 | 3.9714 GBP |
10p ordinary | CFD | increasing a short position | 17,523 | 3.9802 GBP |
10p ordinary | CFD | increasing a short position | 110,584 | 3.9833 GBP |
10p ordinary | CFD | increasing a short position | 23,171 | 3.9844 GBP |
10p ordinary | CFD | increasing a short position | 27,000 | 3.9879 GBP |
10p ordinary | CFD | increasing a short position | 200,000 | 3.9930 GBP |
10p ordinary | CFD | increasing a short position | 48,000 | 4.0003 GBP |
10p ordinary | CFD | increasing a short position | 78,000 | 4.0005 GBP |
10p ordinary | CFD | increasing a short position | 100,000 | 4.0020 GBP |
10p ordinary | CFD | increasing a short position | 10,000 | 4.0021 GBP |
10p ordinary | CFD | reducing a long position | 2,943 | 3.9480 GBP |
10p ordinary | CFD | reducing a long position | 101,282 | 3.9598 GBP |
10p ordinary | CFD | reducing a long position | 820 | 3.9685 GBP |
10p ordinary | CFD | reducing a long position | 70 | 3.9700 GBP |
10p ordinary | CFD | reducing a long position | 2,234 | 3.9700 GBP |
10p ordinary | CFD | reducing a long position | 22,523 | 3.9700 GBP |
10p ordinary | CFD | reducing a long position | 16,683 | 3.9705 GBP |
10p ordinary | CFD | reducing a long position | 576 | 3.9820 GBP |
10p ordinary | CFD | reducing a short position | 19,361 | 3.9341 GBP |
10p ordinary | CFD | reducing a short position | 18,266 | 3.9356 GBP |
10p ordinary | CFD | reducing a short position | 2,000 | 3.9357 GBP |
10p ordinary | CFD | reducing a short position | 4,000 | 3.9357 GBP |
10p ordinary | CFD | reducing a short position | 71,207 | 3.9363 GBP |
10p ordinary | CFD | reducing a short position | 15,538 | 3.9374 GBP |
10p ordinary | CFD | reducing a short position | 15,539 | 3.9378 GBP |
10p ordinary | CFD | reducing a short position | 647,271 | 3.9386 GBP |
10p ordinary | CFD | reducing a short position | 954,152 | 3.9418 GBP |
10p ordinary | CFD | reducing a short position | 19,869 | 3.9435 GBP |
10p ordinary | CFD | reducing a short position | 2,264 | 3.9440 GBP |
10p ordinary | CFD | reducing a short position | 110,527 | 3.9492 GBP |
10p ordinary | CFD | reducing a short position | 100,000 | 3.9495 GBP |
10p ordinary | CFD | reducing a short position | 422,519 | 3.9507 GBP |
10p ordinary | CFD | reducing a short position | 131,490 | 3.9514 GBP |
10p ordinary | CFD | reducing a short position | 19,357 | 3.9527 GBP |
10p ordinary | CFD | reducing a short position | 101,536 | 3.9530 GBP |
10p ordinary | CFD | reducing a short position | 344,121 | 3.9602 GBP |
10p ordinary | CFD | reducing a short position | 122,116 | 3.9668 GBP |
10p ordinary | CFD | reducing a short position | 2,539 | 3.9746 GBP |
10p ordinary | CFD | reducing a short position | 110,584 | 3.9797 GBP |
10p ordinary | CFD | reducing a short position | 22,231 | 3.9966 GBP |
10p ordinary | CFD | reducing a short position | 263,415 | 3.9983 GBP |
10p ordinary | CFD | reducing a short position | 270,725 | 3.9993 GBP |
10p ordinary | CFD | reducing a short position | 124,309 | 3.9995 GBP |
10p ordinary | CFD | reducing a short position | 74 | 3.9996 GBP |
10p ordinary | CFD | reducing a short position | 200 | 4.0000 GBP |
10p ordinary | CFD | reducing a short position | 3,443 | 4.0000 GBP |
10p ordinary | CFD | reducing a short position | 69,000 | 4.0000 GBP |
10p ordinary | CFD | reducing a short position | 44,804 | 4.0000 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 24 April 2023 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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