Public Disclosure: Significant Derivatives Dealings in Bright Smart Securities & Commodities Group Limited

Key Points from the Disclosure

• Date of Disclosure: 26 February 2026
• Subject: Possible mandatory general offer in relation to Bright Smart Securities & Commodities Group Limited
• Disclosure Party: Morgan Stanley Capital Services LLC
• Nature of Dealings: Derivatives transactions involving unsolicited client facilitation (both purchase and sale)
• Relevant Securities: Shares of Bright Smart Securities & Commodities Group Limited
• Total Volume: Multiple transactions totaling 50,000 shares for each purchase and sale activity
• Transaction Prices: Purchases and sales executed at prices between \$8.8682 and \$8.8786 per share
• Settlement Dates: Derivatives mature or are closed out on 30 September 2027 and 30 November 2027
• Total Notional Amounts: Individual transactions ranged from \$195,100.00 to \$248,599.59
• Resultant Balance: Post-transaction, the resultant balance is zero, indicating positions were closed out
• Associate Status: Morgan Stanley Capital Services LLC is a Class (5) associate connected with the Offeror and is ultimately owned by Morgan Stanley
• Dealings for Own Account: All transactions were conducted for the firm’s own account

Potentially Price-Sensitive Information for Shareholders

• The disclosure of these derivatives dealings is directly connected to a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited. Any developments or announcements relating to a general offer could have significant implications for the share price.
• The involvement of Morgan Stanley Capital Services LLC, a major financial institution and an associate of the Offeror, in both purchase and sale transactions could signal strategic positioning ahead of potential corporate actions.
• The fact that all positions were closed out (resultant balance zero) may indicate short-term facilitation rather than long-term holding, but the timing and nature of these transactions may be relevant for investors tracking offer-related developments.
• The prices at which these derivatives were executed (\$8.8682–\$8.8786 per share) may provide an indicative range for valuation or expectations around any potential offer price.

Detailed Transaction Summary

Implications for Investors

The disclosed derivatives dealings by Morgan Stanley Capital Services LLC, especially in the context of a possible mandatory general offer, can be considered price-sensitive. The involvement of such a major financial institution in substantial purchase and sale transactions may be taken as a sign of heightened corporate activity or strategic positioning. Investors should monitor further announcements regarding any general offer, as these could materially affect the share value of Bright Smart Securities & Commodities Group Limited.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The details provided herein are based on public disclosure and may be subject to further updates or clarifications.