Form 8.5 (EPT/RI) - Smart Metering Systems plc

Morgan Stanley & Co. Int'l plc

05 January 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	Smart Metering Systems plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Sienna Bidco Limited (a company wholly-owned by funds advised by KKR)
(d) Date dealing undertaken:	04 January 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
1p ordinary	PURCHASES	112,867	9.4600 GBP	9.4200 GBP
1p ordinary	SALES	87,719	9.4600 GBP	9.4200 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
1p ordinary	CFD	increasing a long position	7,697	9.4266 GBP
1p ordinary	CFD	increasing a long position	465	9.4270 GBP
1p ordinary	CFD	increasing a long position	164	9.4333 GBP
1p ordinary	CFD	increasing a long position	389	9.4347 GBP
1p ordinary	CFD	increasing a short position	3,074	9.4326 GBP
1p ordinary	CFD	increasing a short position	3,531	9.4383 GBP
1p ordinary	CFD	increasing a short position	4,207	9.4441 GBP
1p ordinary	CFD	increasing a long position	1,096	9.4333 GBP
1p ordinary	CFD	increasing a short position	15,853	9.4745 GBP
1p ordinary	CFD	increasing a short position	6,136	9.4745 GBP
1p ordinary	CFD	increasing a short position	24,920	9.4745 GBP
1p ordinary	CFD	increasing a short position	3,091	9.4745 GBP
1p ordinary	CFD	reducing a long position	6,329	9.4346 GBP
1p ordinary	CFD	reducing a long position	1,516	9.4383 GBP
1p ordinary	CFD	reducing a long position	2,486	9.4383 GBP
1p ordinary	CFD	reducing a long position	2,556	9.4383 GBP
1p ordinary	CFD	reducing a long position	11,432	9.4383 GBP
1p ordinary	CFD	reducing a short position	78	9.4400 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:	05 January 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