13th Jun 2023 15:49
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: | 09 June 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 | 9,376,585 | 3.8469 GBP | 3.8019 GBP |
10p ordinary | SALES | 11,495,123 | 3.8481 GBP | 3.8257 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 | 420 | 3.8300 GBP |
10p ordinary | CFD | increasing a short position | 100,000 | 3.8019 GBP |
10p ordinary | CFD | increasing a short position | 9,651 | 3.8280 GBP |
10p ordinary | CFD | increasing a short position | 24 | 3.8296 GBP |
10p ordinary | CFD | increasing a short position | 207,000 | 3.8300 GBP |
10p ordinary | CFD | increasing a short position | 12,249 | 3.8312 GBP |
10p ordinary | CFD | increasing a short position | 830,000 | 3.8320 GBP |
10p ordinary | CFD | increasing a short position | 208,000 | 3.8320 GBP |
10p ordinary | CFD | increasing a short position | 208,000 | 3.8331 GBP |
10p ordinary | CFD | increasing a short position | 208,000 | 3.8338 GBP |
10p ordinary | CFD | increasing a short position | 17,796 | 3.8338 GBP |
10p ordinary | CFD | increasing a short position | 216,000 | 3.8340 GBP |
10p ordinary | CFD | increasing a short position | 98,061 | 3.8341 GBP |
10p ordinary | CFD | increasing a short position | 54,872 | 3.8343 GBP |
10p ordinary | CFD | increasing a short position | 1,367 | 3.8345 GBP |
10p ordinary | CFD | increasing a short position | 222,248 | 3.8354 GBP |
10p ordinary | CFD | increasing a short position | 35,000 | 3.8360 GBP |
10p ordinary | CFD | increasing a short position | 405,000 | 3.8360 GBP |
10p ordinary | CFD | increasing a short position | 287,644 | 3.8366 GBP |
10p ordinary | CFD | increasing a short position | 318,270 | 3.8367 GBP |
10p ordinary | CFD | increasing a short position | 824,010 | 3.8367 GBP |
10p ordinary | CFD | increasing a short position | 76,110 | 3.8367 GBP |
10p ordinary | CFD | increasing a short position | 21,225 | 3.8367 GBP |
10p ordinary | CFD | increasing a short position | 281,610 | 3.8367 GBP |
10p ordinary | CFD | increasing a short position | 1,000 | 3.8375 GBP |
10p ordinary | CFD | increasing a short position | 46,096 | 3.8376 GBP |
10p ordinary | CFD | increasing a short position | 45,655 | 3.8376 GBP |
10p ordinary | CFD | increasing a short position | 30,900 | 3.8376 GBP |
10p ordinary | CFD | increasing a short position | 103,997 | 3.8379 GBP |
10p ordinary | CFD | increasing a short position | 207,777 | 3.8385 GBP |
10p ordinary | CFD | increasing a short position | 3,124 | 3.8388 GBP |
10p ordinary | CFD | increasing a short position | 250,000 | 3.8405 GBP |
10p ordinary | CFD | increasing a short position | 47,751 | 3.8412 GBP |
10p ordinary | CFD | increasing a short position | 62,393 | 3.8418 GBP |
10p ordinary | CFD | increasing a short position | 13,465 | 3.8418 GBP |
10p ordinary | CFD | increasing a short position | 16,637 | 3.8418 GBP |
10p ordinary | CFD | increasing a short position | 75,210 | 3.8418 GBP |
10p ordinary | CFD | increasing a short position | 32,295 | 3.8418 GBP |
10p ordinary | CFD | increasing a short position | 2,000 | 3.8488 GBP |
10p ordinary | CFD | reducing a long position | 18,133 | 3.8300 GBP |
10p ordinary | CFD | reducing a long position | 1 | 3.8300 GBP |
10p ordinary | CFD | reducing a long position | 1 | 3.8300 GBP |
10p ordinary | CFD | reducing a long position | 23,285 | 3.8325 GBP |
10p ordinary | CFD | reducing a long position | 14,478 | 3.8345 GBP |
10p ordinary | CFD | reducing a short position | 600,000 | 3.8282 GBP |
10p ordinary | CFD | reducing a short position | 250,000 | 3.8292 GBP |
10p ordinary | CFD | reducing a short position | 133 | 3.8295 GBP |
10p ordinary | CFD | reducing a short position | 12,627 | 3.8297 GBP |
10p ordinary | CFD | reducing a short position | 200,000 | 3.8298 GBP |
10p ordinary | CFD | reducing a short position | 2 | 3.8300 GBP |
10p ordinary | CFD | reducing a short position | 127 | 3.8300 GBP |
10p ordinary | CFD | reducing a short position | 7 | 3.8300 GBP |
10p ordinary | CFD | reducing a short position | 8 | 3.8300 GBP |
10p ordinary | CFD | reducing a short position | 3,360 | 3.8300 GBP |
10p ordinary | CFD | reducing a short position | 9,832 | 3.8300 GBP |
10p ordinary | CFD | reducing a short position | 300,000 | 3.8302 GBP |
10p ordinary | CFD | reducing a short position | 200,000 | 3.8307 GBP |
10p ordinary | CFD | reducing a short position | 239,367 | 3.8329 GBP |
10p ordinary | CFD | reducing a short position | 455,171 | 3.8333 GBP |
10p ordinary | CFD | reducing a short position | 1,322 | 3.8335 GBP |
10p ordinary | CFD | reducing a short position | 618 | 3.8340 GBP |
10p ordinary | CFD | reducing a short position | 54,589 | 3.8344 GBP |
10p ordinary | CFD | reducing a short position | 222,248 | 3.8344 GBP |
10p ordinary | CFD | reducing a short position | 287,644 | 3.8345 GBP |
10p ordinary | CFD | reducing a short position | 41,331 | 3.8347 GBP |
10p ordinary | CFD | reducing a short position | 28,733 | 3.8348 GBP |
10p ordinary | CFD | reducing a short position | 41,330 | 3.8350 GBP |
10p ordinary | CFD | reducing a short position | 5,965 | 3.8353 GBP |
10p ordinary | CFD | reducing a short position | 746,741 | 3.8355 GBP |
10p ordinary | CFD | reducing a short position | 1,046,059 | 3.8371 GBP |
10p ordinary | CFD | reducing a short position | 481,389 | 3.8373 GBP |
10p ordinary | CFD | reducing a short position | 98,095 | 3.8379 GBP |
10p ordinary | CFD | reducing a short position | 2 | 3.8380 GBP |
10p ordinary | CFD | reducing a short position | 830,647 | 3.8381 GBP |
10p ordinary | CFD | reducing a short position | 748,725 | 3.8388 GBP |
10p ordinary | CFD | reducing a short position | 25,000 | 3.8400 GBP |
10p ordinary | CFD | reducing a short position | 50,090 | 3.8400 GBP |
10p ordinary | CFD | reducing a short position | 61,785 | 3.8415 GBP |
10p ordinary | CFD | reducing a short position | 118,575 | 3.8415 GBP |
10p ordinary | CFD | reducing a short position | 61,887 | 3.8415 GBP |
10p ordinary | CFD | reducing a short position | 60,868 | 3.8415 GBP |
10p ordinary | CFD | reducing a short position | 10,192 | 3.8420 GBP |
10p ordinary | CFD | reducing a short position | 10,040 | 3.8420 GBP |
10p ordinary | CFD | reducing a short position | 19,559 | 3.8420 GBP |
10p ordinary | CFD | reducing a short position | 10,209 | 3.8420 GBP |
10p ordinary | CFD | reducing a short position | 153,564 | 3.8481 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 |
10p ordinary | CALL | WRITING | 203,724 | 310.0000 | E | 09/06/2023 | 0.7300 GBP |
(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: | 13 June 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