Disclosure of Dealings in ENN Natural Gas Co., Ltd. Shares – Key Developments for Investors

Summary of Key Points

• Date of Disclosure: 4 March 2026
• Type of Transaction: Privatisation by way of scheme of arrangement
• Relevant Securities: A shares of ENN Natural Gas Co., Ltd.
• Party Involved: Morgan Stanley & Co., International plc (a Class (5) associate connected with the Offeror)

Detailed Breakdown of the Dealings

• Date of Transaction: 3 March 2026
• Nature of Dealings: Sale of ordinary shares as part of hedging Delta 1 products, which arose from wholly unsolicited client-driven orders.
• Total Number of Shares Sold: 1,400
• Total Amount Received: RMB 32,342.00
• Price Range: Highest price received – RMB 23.54; Lowest price received – RMB 22.86
• Ownership: Dealings were made for the account of Morgan Stanley & Co., International plc, which is ultimately owned by Morgan Stanley.

Potentially Price-Sensitive Information

• Privatisation Process: The transactions are linked to a proposed privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement. Such corporate actions can have significant impacts on share prices due to possible changes in ownership structure, valuation, and strategic direction.
• Institutional Activity: The involvement of a major international financial institution (Morgan Stanley & Co., International plc) in hedging activities related to the shares could reflect underlying market movements or expectations related to the privatisation process.
• Disclosure Timing: The quick turnaround from transaction (3 March) to disclosure (4 March) underscores the requirement for transparency in the context of major corporate events like takeovers or privatisations.
• Share Price Volatility: The reported sale prices (RMB 22.86 to RMB 23.54) may provide a reference point for current market valuations, particularly in the context of the impending privatisation.

What Shareholders Should Know

• Any further developments or disclosures related to the privatisation scheme could result in significant movements in the share price.
• The activities of connected parties, such as Morgan Stanley & Co., International plc, are closely monitored and publicly disclosed, ensuring transparency for all market participants.
• Shareholders should monitor further official announcements for details on the scheme of arrangement, including potential offer prices, terms, and any changes in major shareholdings.

Conclusion

The ongoing privatisation process and related securities dealings involving Morgan Stanley & Co., International plc are events of significant interest for shareholders of ENN Natural Gas Co., Ltd. These may impact the company’s share price and future corporate direction. Investors are advised to stay alert for subsequent disclosures and consider the implications of institutional activities and potential changes in ownership.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making investment decisions. The author and publisher accept no liability for any loss arising from the use of this information.

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