Morgan Stanley Securities Limited Form 8.5 (EPT/RI) VALIANT PETROLEUM PLC (5601C)

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RNS Number : 5601C

Morgan Stanley Securities Limited

17 April 2013

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 Securities Limited 
----------------------------------------------------------------------------------  ---------------------------------- 
 (b) Name of offeror/offeree in relation to whose relevant securities this form      VALIANT PETROLEUM PLC 
 relates: 
 Use a separate form for each offeror/offeree 
----------------------------------------------------------------------------------  ---------------------------------- 
 (c) Name of the party to the offer with which exempt principal trader is            VALIANT PETROLEUM PLC 
 connected: 
----------------------------------------------------------------------------------  ---------------------------------- 
 (d) Date dealing undertaken:                                                        16 APRIL 2013 
----------------------------------------------------------------------------------  ---------------------------------- 
 (e) Has the EPT previously disclosed, or is it today disclosing, under the Code     Yes 
 in respect 
 of any other party to this offer? 
----------------------------------------------------------------------------------  ---------------------------------- 
 
   2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER 
   (a)        Purchases and sales 
 
 Class of relevant    Purchases/sales   Total number     Highest price             Lowest price 
  security                               of securities    per unit paid/received    per unit paid/received 
-------------------  ----------------  ---------------  ------------------------  ------------------------ 
 2.555556p ordinary   PURCHASES         28,624           4.6500 GBP                4.4850 GBP 
-------------------  ----------------  ---------------  ------------------------  ------------------------ 
 2.555556p ordinary   SALES             10,854           4.5675 GBP                4.5025 GBP 
-------------------  ----------------  ---------------  ------------------------  ------------------------ 
 
   (b)        Derivatives transactions (other than options) 
 
 Class of relevant    Product description   Nature of dealing         Number of reference   Price per 
  security             e.g. CFD              e.g. opening/closing      securities            unit 
                                             a long/short position, 
                                             increasing/reducing 
                                             a long/short position 
-------------------  --------------------  ------------------------  --------------------  ----------- 
 2.555556p ordinary   CFD                   LONG                      2,365                 4.5195 GBP 
-------------------  --------------------  ------------------------  --------------------  ----------- 
 2.555556p ordinary   CFD                   LONG                      1,464                 4.5549 GBP 
-------------------  --------------------  ------------------------  --------------------  ----------- 
 2.555556p ordinary   CFD                   SHORT                     20,135                4.5094 GBP 
-------------------  --------------------  ------------------------  --------------------  ----------- 
 2.555556p ordinary   CFD                   SHORT                     1,464                 4.5265 GBP 
-------------------  --------------------  ------------------------  --------------------  ----------- 
 
   (c)        Options transactions in respect of existing securities 
   (i)         Writing, selling, purchasing or varying 
 
 Class          Product        Writing,       Number           Exercise     Type e.g.    Expiry   Option 
  of relevant    description    purchasing,    of securities    price per    American,    date     money paid/ 
  security       e.g. call      selling,       to which         unit         European              received 
                 option         varying        option                        etc.                  per unit 
                                etc.           relates 
-------------  -------------  -------------  ---------------  -----------  -----------  -------  ------------- 
 N/A            N/A            N/A            N/A              N/A          N/A          N/A      N/A 
-------------  -------------  -------------  ---------------  -----------  -----------  -------  ------------- 
 
   (ii)        Exercising 
 
 Class of relevant   Product description   Number of securities   Exercise price 
  security            e.g. call option                             per unit 
------------------  --------------------  ---------------------  --------------- 
 N/A                 N/A                   N/A                    N/A 
------------------  --------------------  ---------------------  --------------- 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant   Nature of dealing     Details   Price per unit 
  security            e.g. subscription,              (if applicable) 
                      conversion 
------------------  --------------------  --------  ----------------- 
 N/A                 N/A                   N/A       N/A 
------------------  --------------------  --------  ----------------- 
 

The currency of all prices and other monetary amounts should be stated.

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.

   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: 
  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:    17 APRIL 2013 
---------------------  -------------------- 
 Contact name:          Darren Wickert 
---------------------  -------------------- 
 Telephone number:      [phone] 
---------------------  -------------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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