Form 8.5 (EPT/RI)- Network International

Morgan Stanley & Co. Int'l plc

18 June 2024

 

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:	17 June 2024
(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	521,753	3.9200 GBP	3.9037 GBP
10p ordinary	PURCHASES	682,120	3.9224 GBP	3.9060 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	142	3.9060 GBP
10p ordinary	CFD	increasing a long position	22,000	3.9072 GBP
10p ordinary	CFD	increasing a short position	45,309	3.9060 GBP
10p ordinary	CFD	increasing a short position	684	3.9060 GBP
10p ordinary	CFD	increasing a short position	60	3.9060 GBP
10p ordinary	CFD	increasing a short position	92,970	3.9062 GBP
10p ordinary	CFD	increasing a short position	5,900	3.9067 GBP
10p ordinary	CFD	increasing a short position	3,700	3.9068 GBP
10p ordinary	CFD	increasing a short position	39,915	3.9080 GBP
10p ordinary	CFD	increasing a short position	251,000	3.9082 GBP
10p ordinary	CFD	increasing a short position	15,089	3.9224 GBP
10p ordinary	CFD	reducing a long position	1	3.9060 GBP
10p ordinary	CFD	reducing a long position	4	3.9060 GBP
10p ordinary	CFD	reducing a long position	881	3.9060 GBP
10p ordinary	CFD	reducing a short position	13,500	3.9048 GBP
10p ordinary	CFD	reducing a short position	40,821	3.9048 GBP
10p ordinary	CFD	reducing a short position	20,548	3.9048 GBP
10p ordinary	CFD	reducing a short position	5,131	3.9048 GBP
10p ordinary	CFD	reducing a short position	16,875	3.9060 GBP
10p ordinary	CFD	reducing a short position	1,896	3.9060 GBP
10p ordinary	CFD	reducing a short position	25,684	3.9060 GBP
10p ordinary	CFD	reducing a short position	6,414	3.9060 GBP
10p ordinary	CFD	reducing a short position	116	3.9060 GBP
10p ordinary	CFD	reducing a short position	51,027	3.9060 GBP
10p ordinary	CFD	reducing a short position	12,164	3.9075 GBP
10p ordinary	CFD	reducing a short position	9,216	3.9081 GBP
10p ordinary	CFD	reducing a short position	27,867	3.9081 GBP
10p ordinary	CFD	reducing a short position	3,502	3.9081 GBP
10p ordinary	CFD	reducing a short position	14,027	3.9081 GBP
10p ordinary	CFD	reducing a short position	7,852	3.9100 GBP
10p ordinary	CFD	reducing a short position	987	3.9100 GBP
10p ordinary	CFD	reducing a short position	3,952	3.9100 GBP
10p ordinary	CFD	reducing a short position	2,597	3.9100 GBP
10p ordinary	CFD	reducing a short position	3,176	3.9102 GBP
10p ordinary	CFD	reducing a short position	5,609	3.9112 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:	18 June 2024
Contact name:	Craig Horsley
Telephone number:	[phone]

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END