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 | Hargreaves Lansdown plc |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Hargreaves Lansdown plc |
| (d) Date dealing undertaken: | 03 July 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 |
| 0.4p ordinary | PURCHASES | 3,044,897 | 11.2900 GBP | 11.1499 GBP |
| 0.4p ordinary | SALES | 312,953 | 11.2900 GBP | 11.1500 GBP |
| 0.4p ordinary | PURCHASES | 14,399 | 13.1775 EUR | 13.1775 EUR |
(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 |
| 0.4p ordinary | CFD | increasing a long position | 16 | 11.1500 GBP |
| 0.4p ordinary | CFD | increasing a long position | 3,322 | 11.1500 GBP |
| 0.4p ordinary | CFD | increasing a long position | 290 | 11.1500 GBP |
| 0.4p ordinary | CFD | increasing a long position | 4,360 | 11.1550 GBP |
| 0.4p ordinary | CFD | increasing a long position | 51,681 | 11.1647 GBP |
| 0.4p ordinary | CFD | increasing a long position | 3,682 | 11.1686 GBP |
| 0.4p ordinary | CFD | increasing a long position | 392 | 11.1686 GBP |
| 0.4p ordinary | CFD | increasing a long position | 5,504 | 11.1712 GBP |
| 0.4p ordinary | CFD | increasing a long position | 18 | 11.1750 GBP |
| 0.4p ordinary | CFD | increasing a long position | 197 | 11.1919 GBP |
| 0.4p ordinary | CFD | increasing a long position | 1,354 | 11.2034 GBP |
| 0.4p ordinary | CFD | increasing a long position | 2,411 | 11.2083 GBP |
| 0.4p ordinary | CFD | increasing a long position | 1,736 | 11.2246 GBP |
| 0.4p ordinary | CFD | increasing a long position | 465 | 11.2637 GBP |
| 0.4p ordinary | CFD | increasing a short position | 611 | 11.1500 GBP |
| 0.4p ordinary | CFD | increasing a short position | 882 | 11.1775 GBP |
| 0.4p ordinary | CFD | increasing a short position | 1,477 | 11.1777 GBP |
| 0.4p ordinary | CFD | increasing a short position | 40 | 11.2018 GBP |
| 0.4p ordinary | CFD | reducing a long position | 16,040 | 11.1500 GBP |
| 0.4p ordinary | CFD | reducing a long position | 147 | 11.1500 GBP |
| 0.4p ordinary | CFD | reducing a long position | 20,678 | 11.1500 GBP |
| 0.4p ordinary | CFD | reducing a long position | 3,089 | 11.1500 GBP |
| 0.4p ordinary | CFD | reducing a long position | 7,000 | 11.1517 GBP |
| 0.4p ordinary | CFD | reducing a long position | 6,600 | 11.1535 GBP |
| 0.4p ordinary | CFD | reducing a long position | 8,733 | 11.1697 GBP |
| 0.4p ordinary | CFD | reducing a long position | 1 | 11.1750 GBP |
| 0.4p ordinary | CFD | reducing a long position | 112 | 11.1859 GBP |
| 0.4p ordinary | CFD | reducing a long position | 592 | 11.1928 GBP |
| 0.4p ordinary | CFD | reducing a long position | 284 | 11.1929 GBP |
| 0.4p ordinary | CFD | reducing a long position | 9,487 | 11.2018 GBP |
| 0.4p ordinary | CFD | reducing a long position | 256,071 | 11.2018 GBP |
| 0.4p ordinary | CFD | reducing a long position | 87,548 | 11.2034 GBP |
| 0.4p ordinary | CFD | reducing a long position | 2,363,066 | 11.2034 GBP |
| 0.4p ordinary | CFD | reducing a long position | 296 | 11.2100 GBP |
| 0.4p ordinary | CFD | reducing a long position | 2,868 | 11.2104 GBP |
| 0.4p ordinary | CFD | reducing a long position | 51,681 | 11.2120 GBP |
| 0.4p ordinary | CFD | reducing a long position | 1,483 | 11.2168 GBP |
| 0.4p ordinary | CFD | reducing a long position | 465 | 11.2200 GBP |
| 0.4p ordinary | CFD | reducing a short position | 1,492 | 11.1796 GBP |
| 0.4p ordinary | CFD | reducing a short position | 1,360 | 11.2237 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 July 2024 |
Contact name: | Craig Horsley |
Telephone number: | +44 141 245-7736 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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