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Morgan Stanley, Adriatic Metals PLC

Form 8.3 - Adriatic Metals plc

Source: RNS
RNS Number : 2396P
Morgan Stanley
01 July 2025
 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

Morgan Stanley

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

Morgan Stanley Australia Securities Limited

Morgan Stanley Europe SE

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Adriatic Metals plc

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

N/A

(e) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

30 June 2025

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES-Dundee Precious Metals Inc

 

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 

Class of relevant security:

 

1p ordinary

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

3,599,587

1.04

298,679

0.09

(2) Cash-settled derivatives:

 

0

0.00

0

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00

0

0.00

 

     TOTAL:

3,599,587

1.04

298,679

0.09

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors' and other employee options

 

Class of relevant security in relation to which subscription right exists:

NO

Details, including nature of the rights concerned and relevant percentages:

NO

 

 

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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

Purchase/sale

 

Number of securities

Price per unit

CHESS Depositary Interests

PURCHASE

 

14,626

5.5400 AUD

CHESS Depositary Interests

PURCHASE

 

260

5.5500 AUD

CHESS Depositary Interests

PURCHASE

 

266

5.5700 AUD

CHESS Depositary Interests

PURCHASE

 

456

5.5800 AUD

CHESS Depositary Interests

PURCHASE

 

1,036

5.5900 AUD

CHESS Depositary Interests

PURCHASE

 

413

5.6000 AUD

CHESS Depositary Interests

PURCHASE

 

764

5.6100 AUD

CHESS Depositary Interests

PURCHASE

 

786

5.6200 AUD

CHESS Depositary Interests

PURCHASE

 

1,899

5.6300 AUD

CHESS Depositary Interests

PURCHASE

 

1,150

5.6400 AUD

CHESS Depositary Interests

PURCHASE

 

1,341

5.6500 AUD

CHESS Depositary Interests

PURCHASE

 

1,552

5.6600 AUD

CHESS Depositary Interests

PURCHASE

 

242

5.6700 AUD

CHESS Depositary Interests

PURCHASE

 

17,749

5.6800 AUD

CHESS Depositary Interests

PURCHASE

 

1,815

5.6850 AUD

CHESS Depositary Interests

PURCHASE

 

4,159

5.6900 AUD

CHESS Depositary Interests

PURCHASE

 

7,876

5.6925 AUD

CHESS Depositary Interests

PURCHASE

 

578

5.6950 AUD

CHESS Depositary Interests

PURCHASE

 

4,793

5.7000 AUD

CHESS Depositary Interests

PURCHASE

 

5,039

5.7075 AUD

CHESS Depositary Interests

PURCHASE

 

5,389

5.7100 AUD

CHESS Depositary Interests

PURCHASE

 

1,898

5.7150 AUD

CHESS Depositary Interests

PURCHASE

 

8,121

5.7200 AUD

CHESS Depositary Interests

PURCHASE

 

598

5.7250 AUD

CHESS Depositary Interests

PURCHASE

 

8,416

5.7300 AUD

CHESS Depositary Interests

PURCHASE

 

7,559

5.7315 AUD

CHESS Depositary Interests

PURCHASE

 

802

5.7350 AUD

CHESS Depositary Interests

PURCHASE

 

4,558

5.7400 AUD

CHESS Depositary Interests

PURCHASE

 

140

5.7450 AUD

CHESS Depositary Interests

PURCHASE

 

8,514

5.7500 AUD

CHESS Depositary Interests

PURCHASE

 

4,817

5.7550 AUD

CHESS Depositary Interests

PURCHASE

 

7,587

5.7600 AUD

CHESS Depositary Interests

PURCHASE

 

15,451

5.7700 AUD

CHESS Depositary Interests

PURCHASE

 

451

5.7750 AUD

CHESS Depositary Interests

PURCHASE

 

6,367

5.7800 AUD

CHESS Depositary Interests

PURCHASE

 

2,133

5.7900 AUD

CHESS Depositary Interests

PURCHASE

 

3,879

5.8000 AUD

CHESS Depositary Interests

PURCHASE

 

5,023

5.8100 AUD

CHESS Depositary Interests

PURCHASE

 

2,559

5.8200 AUD

CHESS Depositary Interests

PURCHASE

 

3,007

5.8300 AUD

CHESS Depositary Interests

PURCHASE

 

1,277

5.8400 AUD

CHESS Depositary Interests

SALE

 

1,772

5.5400 AUD

CHESS Depositary Interests

SALE

 

2,242

5.6700 AUD

CHESS Depositary Interests

SALE

 

9,622

5.6800 AUD

CHESS Depositary Interests

SALE

 

1,377

5.6850 AUD

CHESS Depositary Interests

SALE

 

4,002

5.6900 AUD

CHESS Depositary Interests

SALE

 

578

5.6950 AUD

CHESS Depositary Interests

SALE

 

65,239

5.7095 AUD

CHESS Depositary Interests

SALE

 

904

5.7100 AUD

CHESS Depositary Interests

SALE

 

1,898

5.7150 AUD

CHESS Depositary Interests

SALE

 

283

5.7200 AUD

CHESS Depositary Interests

SALE

 

1,804

5.7205 AUD

CHESS Depositary Interests

SALE

 

898

5.7217 AUD

CHESS Depositary Interests

SALE

 

598

5.7250 AUD

CHESS Depositary Interests

SALE

 

802

5.7350 AUD

CHESS Depositary Interests

SALE

 

158

5.7400 AUD

CHESS Depositary Interests

SALE

 

140

5.7450 AUD

CHESS Depositary Interests

SALE

 

1,193

5.7500 AUD

CHESS Depositary Interests

SALE

 

6,180

5.7598 AUD

CHESS Depositary Interests

SALE

 

28

5.7600 AUD

CHESS Depositary Interests

SALE

 

876

5.7700 AUD

CHESS Depositary Interests

SALE

 

4,650

5.8000 AUD

1p ordinary

PURCHASE

 

30,611

2.7063 GBP

1p ordinary

PURCHASE

 

1,000

2.7150 GBP

1p ordinary

SALE

 

217

2.6700 GBP

1p ordinary

SALE

 

2,000

2.6850 GBP

1p ordinary

SALE

 

763

2.7000 GBP

1p ordinary

SALE

 

16,532

2.7072 GBP

1p ordinary

SALE

 

11,099

2.7100 GBP

1p ordinary

SALE

 

1,000

2.7150 GBP

CHESS Depositary Interests

PURCHASE

 

7,559

5.7315 AUD

CHESS Depositary Interests

SALE

 

7,559

5.7315 AUD

 

(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

N/A

N/A

 

N/A

N/A

N/A

 

(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

 

 

4.         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 person 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 person 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

 

 

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

NO

 

 

Date of disclosure:

01 July 2025
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 disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

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