16th May 2023 17:52
AMENDMENT(2(a), 2(b))
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: | 11 May 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 | PURCHASES | 3,427,542 | 3.7781 GBP | 3.6960 GBP |
10p ordinary | SALES | 1,159,248 | 3.7819 GBP | 3.6980 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 | 3,628 | 3.6980 GBP |
10p ordinary | CFD | increasing a long position | 8,026 | 3.7132 GBP |
10p ordinary | CFD | increasing a long position | 3,962 | 3.7218 GBP |
10p ordinary | CFD | increasing a long position | 1,090 | 3.7620 GBP |
10p ordinary | CFD | increasing a short position | 5,000 | 3.6986 GBP |
10p ordinary | CFD | increasing a short position | 21,506 | 3.6995 GBP |
10p ordinary | CFD | increasing a short position | 13,076 | 3.7000 GBP |
10p ordinary | CFD | increasing a short position | 29,329 | 3.7000 GBP |
10p ordinary | CFD | increasing a short position | 12,379 | 3.7000 GBP |
10p ordinary | CFD | increasing a short position | 10,812 | 3.7005 GBP |
10p ordinary | CFD | increasing a short position | 50,000 | 3.7005 GBP |
10p ordinary | CFD | increasing a short position | 15,306 | 3.7007 GBP |
10p ordinary | CFD | increasing a short position | 34,910 | 3.7007 GBP |
10p ordinary | CFD | increasing a short position | 10,864 | 3.7009 GBP |
10p ordinary | CFD | increasing a short position | 46 | 3.7022 GBP |
10p ordinary | CFD | increasing a short position | 300,000 | 3.7023 GBP |
10p ordinary | CFD | increasing a short position | 4,804 | 3.7027 GBP |
10p ordinary | CFD | increasing a short position | 8,619 | 3.7030 GBP |
10p ordinary | CFD | increasing a short position | 10,355 | 3.7036 GBP |
10p ordinary | CFD | increasing a short position | 16,803 | 3.7036 GBP |
10p ordinary | CFD | increasing a short position | 22,842 | 3.7036 GBP |
10p ordinary | CFD | increasing a short position | 1,154 | 3.7039 GBP |
10p ordinary | CFD | increasing a short position | 15,800 | 3.7039 GBP |
10p ordinary | CFD | increasing a short position | 4,101 | 3.7039 GBP |
10p ordinary | CFD | increasing a short position | 6,296 | 3.7039 GBP |
10p ordinary | CFD | increasing a short position | 722 | 3.7039 GBP |
10p ordinary | CFD | increasing a short position | 25,000 | 3.7045 GBP |
10p ordinary | CFD | increasing a short position | 25,000 | 3.7057 GBP |
10p ordinary | CFD | increasing a short position | 10,000 | 3.7060 GBP |
10p ordinary | CFD | increasing a short position | 100,000 | 3.7099 GBP |
10p ordinary | CFD | increasing a short position | 11,349 | 3.7100 GBP |
10p ordinary | CFD | increasing a short position | 75,823 | 3.7100 GBP |
10p ordinary | CFD | increasing a short position | 53,539 | 3.7126 GBP |
10p ordinary | CFD | increasing a short position | 8,227 | 3.7135 GBP |
10p ordinary | CFD | increasing a short position | 5,540 | 3.7141 GBP |
10p ordinary | CFD | increasing a short position | 25,000 | 3.7156 GBP |
10p ordinary | CFD | increasing a short position | 107,012 | 3.7159 GBP |
10p ordinary | CFD | increasing a short position | 1,927 | 3.7201 GBP |
10p ordinary | CFD | increasing a short position | 8,013 | 3.7212 GBP |
10p ordinary | CFD | increasing a short position | 23,614 | 3.7258 GBP |
10p ordinary | CFD | increasing a short position | 4,328 | 3.7258 GBP |
10p ordinary | CFD | increasing a short position | 59,246 | 3.7258 GBP |
10p ordinary | CFD | increasing a short position | 2,704 | 3.7258 GBP |
10p ordinary | CFD | increasing a short position | 15,373 | 3.7258 GBP |
10p ordinary | CFD | increasing a short position | 379,249 | 3.7258 GBP |
10p ordinary | CFD | increasing a short position | 300,000 | 3.7427 GBP |
10p ordinary | CFD | increasing a short position | 23,955 | 3.7481 GBP |
10p ordinary | CFD | increasing a short position | 301 | 3.7500 GBP |
10p ordinary | CFD | increasing a short position | 68,000 | 3.7519 GBP |
10p ordinary | CFD | increasing a short position | 35,000 | 3.7519 GBP |
10p ordinary | CFD | increasing a short position | 34,400 | 3.7519 GBP |
10p ordinary | CFD | increasing a short position | 35,300 | 3.7519 GBP |
10p ordinary | CFD | increasing a short position | 37,000 | 3.7619 GBP |
10p ordinary | CFD | increasing a short position | 72,000 | 3.7619 GBP |
10p ordinary | CFD | increasing a short position | 37,200 | 3.7619 GBP |
10p ordinary | CFD | increasing a short position | 37,500 | 3.7619 GBP |
10p ordinary | CFD | reducing a long position | 269 | 3.7022 GBP |
10p ordinary | CFD | reducing a long position | 3,192 | 3.7037 GBP |
10p ordinary | CFD | reducing a long position | 46 | 3.7040 GBP |
10p ordinary | CFD | reducing a long position | 67,977 | 3.7042 GBP |
10p ordinary | CFD | reducing a long position | 9,864 | 3.7042 GBP |
10p ordinary | CFD | reducing a long position | 66,793 | 3.7042 GBP |
10p ordinary | CFD | reducing a long position | 27,613 | 3.7042 GBP |
10p ordinary | CFD | reducing a long position | 92,395 | 3.7042 GBP |
10p ordinary | CFD | reducing a long position | 55 | 3.7045 GBP |
10p ordinary | CFD | reducing a long position | 3,962 | 3.7057 GBP |
10p ordinary | CFD | reducing a long position | 3,745 | 3.7100 GBP |
10p ordinary | CFD | reducing a short position | 16,190 | 3.7064 GBP |
10p ordinary | CFD | reducing a short position | 1,120 | 3.7066 GBP |
10p ordinary | CFD | reducing a short position | 4,804 | 3.7100 GBP |
10p ordinary | CFD | reducing a short position | 28,637 | 3.7100 GBP |
10p ordinary | CFD | reducing a short position | 29,799 | 3.7132 GBP |
10p ordinary | CFD | reducing a short position | 157 | 3.7255 GBP |
10p ordinary | CFD | reducing a short position | 327,446 | 3.7548 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: | 16 May 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.
Related Shares:
NETW.L