Form 8.5 (EPT/RI)- Replacement of Network

Morgan Stanley & Co. Int'l plc

13 October 2023

 

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 October 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	2,235,101	3.9061 GBP	3.8960 GBP
10p ordinary	SALES	714,502	3.9074 GBP	3.8960 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	335	3.8998 GBP
10p ordinary	CFD	increasing a long position	79,649	3.9000 GBP
10p ordinary	CFD	increasing a long position	1,224	3.9020 GBP
10p ordinary	CFD	increasing a short position	30	3.8963 GBP
10p ordinary	CFD	increasing a short position	6	3.9017 GBP
10p ordinary	CFD	increasing a short position	19,449	3.9020 GBP
10p ordinary	CFD	increasing a short position	6,944	3.9020 GBP
10p ordinary	CFD	increasing a short position	1,100,000	3.9020 GBP
10p ordinary	CFD	increasing a short position	789	3.9020 GBP
10p ordinary	CFD	increasing a short position	16,307	3.9020 GBP
10p ordinary	CFD	increasing a short position	206	3.9020 GBP
10p ordinary	CFD	increasing a short position	500,000	3.9051 GBP
10p ordinary	CFD	increasing a short position	150,000	3.9061 GBP
10p ordinary	CFD	reducing a long position	119	3.8960 GBP
10p ordinary	CFD	reducing a long position	82,862	3.8988 GBP
10p ordinary	CFD	reducing a long position	62,100	3.9004 GBP
10p ordinary	CFD	reducing a long position	877	3.9025 GBP
10p ordinary	CFD	reducing a long position	1,224	3.9040 GBP
10p ordinary	CFD	reducing a short position	67,497	3.8960 GBP
10p ordinary	CFD	reducing a short position	999	3.8960 GBP
10p ordinary	CFD	reducing a short position	101	3.8960 GBP
10p ordinary	CFD	reducing a short position	1	3.8960 GBP
10p ordinary	CFD	reducing a short position	7,539	3.8991 GBP
10p ordinary	CFD	reducing a short position	114,841	3.9000 GBP
10p ordinary	CFD	reducing a short position	3,477	3.9001 GBP
10p ordinary	CFD	reducing a short position	105,445	3.9001 GBP
10p ordinary	CFD	reducing a short position	150	3.9002 GBP
10p ordinary	CFD	reducing a short position	67	3.9003 GBP
10p ordinary	CFD	reducing a short position	50,269	3.9006 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:	13 October 2023
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