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: | 30 August 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 | PURCHASES | 241,798 | 12.7616 GBP | 12.7404 GBP |
| 20p ordinary | SALES | 139,448 | 12.7789 GBP | 12.7450 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 | 100,000 | 12.7411 GBP |
| 20p ordinary | CFD | increasing a long position | 100,000 | 12.7440 GBP |
| 20p ordinary | CFD | increasing a long position | 244 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a long position | 1 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a long position | 5 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a long position | 400 | 12.7501 GBP |
| 20p ordinary | CFD | increasing a short position | 28 | 12.7404 GBP |
| 20p ordinary | CFD | increasing a short position | 1,683 | 12.7464 GBP |
| 20p ordinary | CFD | increasing a short position | 1,304 | 12.7464 GBP |
| 20p ordinary | CFD | increasing a short position | 492 | 12.7464 GBP |
| 20p ordinary | CFD | increasing a short position | 36,244 | 12.7464 GBP |
| 20p ordinary | CFD | increasing a short position | 2,406 | 12.7464 GBP |
| 20p ordinary | CFD | increasing a short position | 26 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 10,000 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 542 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 4,771 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 6,089 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 138 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 5,759,791 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 4,237 | 12.7500 GBP |
| 20p ordinary | CFD | increasing a short position | 19,634 | 12.7501 GBP |
| 20p ordinary | CFD | increasing a short position | 4,682 | 12.7507 GBP |
| 20p ordinary | CFD | increasing a short position | 61,388 | 12.7508 GBP |
| 20p ordinary | CFD | increasing a short position | 643 | 12.7508 GBP |
| 20p ordinary | CFD | increasing a short position | 189 | 12.7513 GBP |
| 20p ordinary | CFD | increasing a short position | 166 | 12.7529 GBP |
| 20p ordinary | CFD | increasing a short position | 2,305 | 12.7532 GBP |
| 20p ordinary | CFD | increasing a short position | 4 | 12.7550 GBP |
| 20p ordinary | CFD | increasing a short position | 262 | 12.7556 GBP |
| 20p ordinary | CFD | increasing a short position | 7,902 | 12.7564 GBP |
| 20p ordinary | CFD | increasing a short position | 14,579 | 12.7564 GBP |
| 20p ordinary | CFD | increasing a short position | 10,198 | 12.7564 GBP |
| 20p ordinary | CFD | increasing a short position | 2,985 | 12.7564 GBP |
| 20p ordinary | CFD | increasing a short position | 1,457 | 12.7588 GBP |
| 20p ordinary | CFD | increasing a short position | 145 | 12.7598 GBP |
| 20p ordinary | CFD | increasing a short position | 8 | 12.7617 GBP |
| 20p ordinary | CFD | reducing a long position | 500 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a long position | 33 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a long position | 19,785 | 12.7503 GBP |
| 20p ordinary | CFD | reducing a short position | 42,168 | 12.7470 GBP |
| 20p ordinary | CFD | reducing a short position | 29,834 | 12.7470 GBP |
| 20p ordinary | CFD | reducing a short position | 27,998 | 12.7470 GBP |
| 20p ordinary | CFD | reducing a short position | 475 | 12.7487 GBP |
| 20p ordinary | CFD | reducing a short position | 234 | 12.7492 GBP |
| 20p ordinary | CFD | reducing a short position | 4,237 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a short position | 5,759,791 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a short position | 27 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a short position | 28 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a short position | 631 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a short position | 6,549 | 12.7500 GBP |
| 20p ordinary | CFD | reducing a short position | 2,850 | 12.7519 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: | 02 September 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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