According to the Public Disclosure Form dated 3 December 2025, Morgan Stanley & Co., International plc, which is a Class (5) associate connected with the offeror in the proposed privatisation of ANE (Cayman) Inc. by way of a scheme of arrangement, reported multiple derivative dealings in the shares of ANE (Cayman) Inc.
The disclosures indicate that on 2 December 2025, Morgan Stanley & Co., International plc executed several purchases of derivatives referencing a total of 85,000 shares at reference prices ranging between approximately US$11.77 and US$11.81, amounting to over US$1 million in total consideration. Further transactions included multiple sales of derivatives referencing 318,000 shares, with settlement dates up to November 2027 and reference prices between approximately US$11.72 and US$11.80, resulting in total proceeds exceeding US$3.7 million. Each disclosed position had a resultant balance of zero upon completion of these transactions.
Morgan Stanley & Co., International plc confirmed that these dealings were made for its own account in the capacity of unsolicited client facilitation. The information was submitted in compliance with Rule 22 of the Hong Kong Code on Takeovers and Mergers.
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