Form 8.5 (EPT/RI)-Network International Holdings

Morgan Stanley & Co. Int'l plc

04 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:	03 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	PURCHASES	268,217	3.9300 GBP	3.9141 GBP
10p ordinary	SALES	327,345	3.9349 GBP	3.9140 GBP
10p ordinary	PURCHASES	10,710	5.0200 USD	5.0200 USD
10p ordinary	SALES	10,710	5.0200 USD	5.0200 USD

(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	2,160	3.9270 GBP
10p ordinary	CFD	increasing a long position	32	3.9300 GBP
10p ordinary	CFD	increasing a long position	703	3.9300 GBP
10p ordinary	CFD	increasing a short position	6,080	3.9232 GBP
10p ordinary	CFD	increasing a short position	58,939	3.9252 GBP
10p ordinary	CFD	increasing a short position	2,977	3.9253 GBP
10p ordinary	CFD	increasing a short position	42	3.9260 GBP
10p ordinary	CFD	increasing a short position	1,469	3.9262 GBP
10p ordinary	CFD	increasing a short position	14,996	3.9284 GBP
10p ordinary	CFD	increasing a short position	236	3.9290 GBP
10p ordinary	CFD	increasing a short position	7,762	3.9300 GBP
10p ordinary	CFD	reducing a long position	15,330	3.9251 GBP
10p ordinary	CFD	reducing a short position	1,695	3.9176 GBP
10p ordinary	CFD	reducing a short position	3,609	3.9200 GBP
10p ordinary	CFD	reducing a short position	27,157	3.9200 GBP
10p ordinary	CFD	reducing a short position	3,924	3.9200 GBP
10p ordinary	CFD	reducing a short position	7,634	3.9200 GBP
10p ordinary	CFD	reducing a short position	3,175	3.9225 GBP
10p ordinary	CFD	reducing a short position	9,738	3.9226 GBP
10p ordinary	CFD	reducing a short position	1,733	3.9241 GBP
10p ordinary	CFD	reducing a short position	18,412	3.9244 GBP
10p ordinary	CFD	reducing a short position	4,100	3.9247 GBP
10p ordinary	CFD	reducing a short position	394	3.9256 GBP
10p ordinary	CFD	reducing a short position	49,388	3.9274 GBP
10p ordinary	CFD	reducing a short position	13,603	3.9299 GBP
10p ordinary	CFD	reducing a short position	28,811	3.9300 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:	04 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