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

Morgan Stanley & Co. Int'l plc

22 December 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	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:	21 December 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
1p ordinary	PURCHASES	563,038	9.4800 GBP	8.9900 GBP
1p ordinary	SALES	204,228	9.5800 GBP	9.0200 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	341	9.1451 GBP
1p ordinary	CFD	increasing a long position	42,987	9.1979 GBP
1p ordinary	CFD	increasing a long position	1,941	9.1979 GBP
1p ordinary	CFD	increasing a short position	4,158	9.0766 GBP
1p ordinary	CFD	increasing a short position	8,316	9.1679 GBP
1p ordinary	CFD	increasing a short position	240,699	9.1800 GBP
1p ordinary	CFD	increasing a short position	29,447	9.1917 GBP
1p ordinary	CFD	increasing a short position	3,519	9.1985 GBP
1p ordinary	CFD	increasing a short position	297	9.2005 GBP
1p ordinary	CFD	increasing a short position	20,000	9.2043 GBP
1p ordinary	CFD	increasing a short position	4,781	9.2053 GBP
1p ordinary	CFD	increasing a short position	851	9.2487 GBP
1p ordinary	CFD	increasing a short position	16,468	9.2498 GBP
1p ordinary	CFD	increasing a long position	100,000	9.1708 GBP
1p ordinary	CFD	increasing a long position	252,574	9.1908 GBP
1p ordinary	CFD	increasing a long position	100,000	9.1908 GBP
1p ordinary	CFD	increasing a long position	12,995	9.1979 GBP
1p ordinary	CFD	increasing a long position	19,480	9.2058 GBP
1p ordinary	CFD	increasing a long position	709	9.4100 GBP
1p ordinary	CFD	increasing a short position	749	9.1800 GBP
1p ordinary	CFD	increasing a short position	8	9.1800 GBP
1p ordinary	CFD	increasing a short position	36	9.2097 GBP
1p ordinary	CFD	increasing a short position	7,503	9.4100 GBP
1p ordinary	CFD	reducing a long position	4,110	9.1992 GBP
1p ordinary	CFD	reducing a long position	15,684	9.2053 GBP
1p ordinary	CFD	reducing a long position	2,075	9.2053 GBP
1p ordinary	CFD	reducing a long position	3,401	9.2053 GBP
1p ordinary	CFD	reducing a long position	3,525	9.2053 GBP
1p ordinary	CFD	reducing a long position	19,480	9.3141 GBP
1p ordinary	CFD	reducing a short position	3,280	9.1984 GBP
1p ordinary	CFD	reducing a short position	7,503	9.5800 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:	22 December 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