Form 8.5 (EPT/RI)-Network International Holdings

Morgan Stanley & Co. Int'l plc

06 October 2023

 

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:	05 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	294,966	3.9220 GBP	3.9060 GBP
10p ordinary	SALES	93,194	3.9260 GBP	3.9022 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	1,487	3.9060 GBP
10p ordinary	CFD	increasing a long position	6,124	3.9060 GBP
10p ordinary	CFD	increasing a long position	3,174	3.9060 GBP
10p ordinary	CFD	increasing a short position	971	3.9060 GBP
10p ordinary	CFD	increasing a short position	12,887	3.9060 GBP
10p ordinary	CFD	increasing a short position	132	3.9085 GBP
10p ordinary	CFD	increasing a short position	762	3.9090 GBP
10p ordinary	CFD	increasing a short position	34,468	3.9090 GBP
10p ordinary	CFD	increasing a short position	1,082	3.9103 GBP
10p ordinary	CFD	increasing a short position	38	3.9110 GBP
10p ordinary	CFD	increasing a short position	3,246	3.9123 GBP
10p ordinary	CFD	increasing a short position	146,754	3.9123 GBP
10p ordinary	CFD	increasing a short position	2,512	3.9137 GBP
10p ordinary	CFD	increasing a short position	880	3.9142 GBP
10p ordinary	CFD	increasing a short position	465	3.9160 GBP
10p ordinary	CFD	increasing a short position	27,491	3.9196 GBP
10p ordinary	CFD	reducing a long position	1,512	3.9060 GBP
10p ordinary	CFD	reducing a long position	6,124	3.9100 GBP
10p ordinary	CFD	reducing a long position	563	3.9120 GBP
10p ordinary	CFD	reducing a long position	144	3.9165 GBP
10p ordinary	CFD	reducing a short position	26	3.9058 GBP
10p ordinary	CFD	reducing a short position	1,746	3.9060 GBP
10p ordinary	CFD	reducing a short position	61	3.9065 GBP
10p ordinary	CFD	reducing a short position	167	3.9085 GBP
10p ordinary	CFD	reducing a short position	2,132	3.9088 GBP
10p ordinary	CFD	reducing a short position	26	3.9179 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:	06 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