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 | Britvic plc |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Britvic plc |
| (d) Date dealing undertaken: | 08 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 |
| 20p ordinary | SALES | 3,974,033 | 12.7171 GBP | 12.6000 GBP |
| 20p ordinary | PURCHASES | 5,860,109 | 12.7400 GBP | 12.6000 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 |
| 20p ordinary | CFD | increasing a long position | 55,734 | 12.6381 GBP |
| 20p ordinary | CFD | increasing a long position | 41 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a long position | 358 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a long position | 15,328 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a long position | 1,219 | 12.6448 GBP |
| 20p ordinary | CFD | increasing a long position | 728 | 12.6450 GBP |
| 20p ordinary | CFD | increasing a long position | 1,569 | 12.6460 GBP |
| 20p ordinary | CFD | increasing a long position | 867 | 12.6501 GBP |
| 20p ordinary | CFD | increasing a long position | 510 | 12.6519 GBP |
| 20p ordinary | CFD | increasing a long position | 589 | 12.6519 GBP |
| 20p ordinary | CFD | increasing a long position | 131 | 12.6590 GBP |
| 20p ordinary | CFD | increasing a long position | 1,029,082 | 12.6600 GBP |
| 20p ordinary | CFD | increasing a long position | 9,804 | 12.6604 GBP |
| 20p ordinary | CFD | increasing a long position | 500 | 12.6646 GBP |
| 20p ordinary | CFD | increasing a long position | 2,015 | 12.6673 GBP |
| 20p ordinary | CFD | increasing a short position | 3,516 | 12.6000 GBP |
| 20p ordinary | CFD | increasing a short position | 103,713 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a short position | 4,480 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a short position | 25,000 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a short position | 660 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a short position | 467,495 | 12.6400 GBP |
| 20p ordinary | CFD | increasing a short position | 36 | 12.6402 GBP |
| 20p ordinary | CFD | increasing a short position | 75,000 | 12.6417 GBP |
| 20p ordinary | CFD | increasing a short position | 4,253 | 12.6433 GBP |
| 20p ordinary | CFD | increasing a short position | 800 | 12.6438 GBP |
| 20p ordinary | CFD | increasing a short position | 200,000 | 12.6500 GBP |
| 20p ordinary | CFD | increasing a short position | 1,016 | 12.6519 GBP |
| 20p ordinary | CFD | increasing a short position | 13,605 | 12.6540 GBP |
| 20p ordinary | CFD | increasing a short position | 719 | 12.6540 GBP |
| 20p ordinary | CFD | increasing a short position | 12,147 | 12.6540 GBP |
| 20p ordinary | CFD | increasing a short position | 77,955 | 12.6540 GBP |
| 20p ordinary | CFD | increasing a short position | 5,061 | 12.6540 GBP |
| 20p ordinary | CFD | increasing a short position | 208 | 12.6540 GBP |
| 20p ordinary | CFD | increasing a short position | 12,781 | 12.6547 GBP |
| 20p ordinary | CFD | increasing a short position | 3,523 | 12.6547 GBP |
| 20p ordinary | CFD | increasing a short position | 3,943 | 12.6555 GBP |
| 20p ordinary | CFD | increasing a short position | 2,530 | 12.6598 GBP |
| 20p ordinary | CFD | increasing a short position | 22 | 12.6599 GBP |
| 20p ordinary | CFD | increasing a short position | 518,632 | 12.6617 GBP |
| 20p ordinary | CFD | increasing a short position | 10,203 | 12.6666 GBP |
| 20p ordinary | CFD | increasing a short position | 58,467 | 12.6666 GBP |
| 20p ordinary | CFD | increasing a short position | 539 | 12.6666 GBP |
| 20p ordinary | CFD | increasing a short position | 156 | 12.6666 GBP |
| 20p ordinary | CFD | increasing a short position | 9,110 | 12.6666 GBP |
| 20p ordinary | CFD | increasing a short position | 3,795 | 12.6666 GBP |
| 20p ordinary | CFD | increasing a short position | 6,802 | 12.6690 GBP |
| 20p ordinary | CFD | increasing a short position | 2,530 | 12.6690 GBP |
| 20p ordinary | CFD | increasing a short position | 359 | 12.6690 GBP |
| 20p ordinary | CFD | increasing a short position | 6,073 | 12.6690 GBP |
| 20p ordinary | CFD | increasing a short position | 104 | 12.6690 GBP |
| 20p ordinary | CFD | increasing a short position | 38,977 | 12.6690 GBP |
| 20p ordinary | CFD | increasing a short position | 280 | 12.6711 GBP |
| 20p ordinary | CFD | increasing a short position | 5,061 | 12.6727 GBP |
| 20p ordinary | CFD | increasing a short position | 208 | 12.6727 GBP |
| 20p ordinary | CFD | increasing a short position | 719 | 12.6727 GBP |
| 20p ordinary | CFD | increasing a short position | 77,955 | 12.6727 GBP |
| 20p ordinary | CFD | increasing a short position | 13,604 | 12.6727 GBP |
| 20p ordinary | CFD | increasing a short position | 12,147 | 12.6727 GBP |
| 20p ordinary | CFD | increasing a short position | 150,000 | 12.6743 GBP |
| 20p ordinary | CFD | increasing a short position | 58,466 | 12.6771 GBP |
| 20p ordinary | CFD | increasing a short position | 6,162 | 12.6773 GBP |
| 20p ordinary | CFD | increasing a short position | 77,954 | 12.6790 GBP |
| 20p ordinary | CFD | increasing a short position | 1,258 | 12.6790 GBP |
| 20p ordinary | CFD | increasing a short position | 364 | 12.6790 GBP |
| 20p ordinary | CFD | increasing a short position | 8,856 | 12.6790 GBP |
| 20p ordinary | CFD | increasing a short position | 23,808 | 12.6790 GBP |
| 20p ordinary | CFD | increasing a short position | 21,257 | 12.6790 GBP |
| 20p ordinary | CFD | increasing a short position | 17,712 | 12.6877 GBP |
| 20p ordinary | CFD | increasing a short position | 47,616 | 12.6877 GBP |
| 20p ordinary | CFD | increasing a short position | 42,516 | 12.6877 GBP |
| 20p ordinary | CFD | increasing a short position | 272,841 | 12.6877 GBP |
| 20p ordinary | CFD | increasing a short position | 2,515 | 12.6877 GBP |
| 20p ordinary | CFD | increasing a short position | 728 | 12.6877 GBP |
| 20p ordinary | CFD | increasing a short position | 48,722 | 12.6890 GBP |
| 20p ordinary | CFD | increasing a short position | 8,503 | 12.6890 GBP |
| 20p ordinary | CFD | increasing a short position | 7,592 | 12.6890 GBP |
| 20p ordinary | CFD | increasing a short position | 3,163 | 12.6890 GBP |
| 20p ordinary | CFD | increasing a short position | 449 | 12.6890 GBP |
| 20p ordinary | CFD | increasing a short position | 130 | 12.6890 GBP |
| 20p ordinary | CFD | increasing a short position | 70 | 12.6928 GBP |
| 20p ordinary | CFD | increasing a short position | 270 | 12.7363 GBP |
| 20p ordinary | CFD | increasing a short position | 1,610 | 12.7401 GBP |
| 20p ordinary | CFD | reducing a long position | 225 | 12.6400 GBP |
| 20p ordinary | CFD | reducing a long position | 15,328 | 12.6400 GBP |
| 20p ordinary | CFD | reducing a long position | 2,430 | 12.6470 GBP |
| 20p ordinary | CFD | reducing a long position | 55,734 | 12.6484 GBP |
| 20p ordinary | CFD | reducing a long position | 25 | 12.6504 GBP |
| 20p ordinary | CFD | reducing a long position | 3,195 | 12.6759 GBP |
| 20p ordinary | CFD | reducing a long position | 574 | 12.6908 GBP |
| 20p ordinary | CFD | reducing a long position | 61 | 12.6908 GBP |
| 20p ordinary | CFD | reducing a short position | 3,370 | 12.6384 GBP |
| 20p ordinary | CFD | reducing a short position | 1,730 | 12.6384 GBP |
| 20p ordinary | CFD | reducing a short position | 13,558 | 12.6387 GBP |
| 20p ordinary | CFD | reducing a short position | 500 | 12.6400 GBP |
| 20p ordinary | CFD | reducing a short position | 160 | 12.6400 GBP |
| 20p ordinary | CFD | reducing a short position | 28,409 | 12.6400 GBP |
| 20p ordinary | CFD | reducing a short position | 75,283 | 12.6425 GBP |
| 20p ordinary | CFD | reducing a short position | 23,744 | 12.6450 GBP |
| 20p ordinary | CFD | reducing a short position | 313 | 12.6482 GBP |
| 20p ordinary | CFD | reducing a short position | 70 | 12.6490 GBP |
| 20p ordinary | CFD | reducing a short position | 304 | 12.6498 GBP |
| 20p ordinary | CFD | reducing a short position | 486 | 12.6500 GBP |
| 20p ordinary | CFD | reducing a short position | 16 | 12.6513 GBP |
| 20p ordinary | CFD | reducing a short position | 238,271 | 12.6517 GBP |
| 20p ordinary | CFD | reducing a short position | 12,108 | 12.6518 GBP |
| 20p ordinary | CFD | reducing a short position | 1,898 | 12.6518 GBP |
| 20p ordinary | CFD | reducing a short position | 40,475 | 12.6518 GBP |
| 20p ordinary | CFD | reducing a short position | 4,465 | 12.6518 GBP |
| 20p ordinary | CFD | reducing a short position | 2,693 | 12.6518 GBP |
| 20p ordinary | CFD | reducing a short position | 1,696 | 12.6521 GBP |
| 20p ordinary | CFD | reducing a short position | 17,970 | 12.6542 GBP |
| 20p ordinary | CFD | reducing a short position | 63 | 12.6575 GBP |
| 20p ordinary | CFD | reducing a short position | 2,078 | 12.6599 GBP |
| 20p ordinary | CFD | reducing a short position | 918 | 12.6600 GBP |
| 20p ordinary | CFD | reducing a short position | 52,727 | 12.6604 GBP |
| 20p ordinary | CFD | reducing a short position | 14,000 | 12.6626 GBP |
| 20p ordinary | CFD | reducing a short position | 2,256 | 12.6644 GBP |
| 20p ordinary | CFD | reducing a short position | 5,640 | 12.6668 GBP |
| 20p ordinary | CFD | reducing a short position | 8,767 | 12.6676 GBP |
| 20p ordinary | CFD | reducing a short position | 12 | 12.6704 GBP |
| 20p ordinary | CFD | reducing a short position | 4,193 | 12.6705 GBP |
| 20p ordinary | CFD | reducing a short position | 8,937 | 12.6741 GBP |
| 20p ordinary | CFD | reducing a short position | 1,537 | 12.6765 GBP |
| 20p ordinary | CFD | reducing a short position | 12,443 | 12.6774 GBP |
| 20p ordinary | CFD | reducing a short position | 6,885 | 12.6775 GBP |
| 20p ordinary | CFD | reducing a short position | 101,209 | 12.6785 GBP |
| 20p ordinary | CFD | reducing a short position | 40 | 12.6792 GBP |
| 20p ordinary | CFD | reducing a short position | 75 | 12.6821 GBP |
| 20p ordinary | CFD | reducing a short position | 598 | 12.6877 GBP |
| 20p ordinary | CFD | reducing a short position | 23 | 12.6936 GBP |
| 20p ordinary | CFD | reducing a short position | 515 | 12.6936 GBP |
| 20p ordinary | CFD | reducing a short position | 56 | 12.6936 GBP |
| 20p ordinary | CFD | reducing a short position | 153 | 12.6936 GBP |
| 20p ordinary | CFD | reducing a short position | 34 | 12.6936 GBP |
| 20p ordinary | CFD | reducing a short position | 8,361 | 12.6945 GBP |
| 20p ordinary | CFD | reducing a short position | 9,619 | 12.6960 GBP |
| 20p ordinary | CFD | reducing a short position | 12,655 | 12.6988 GBP |
| 20p ordinary | CFD | reducing a short position | 7,726 | 12.7171 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: | 12 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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