Bardoc Gold : Becoming a substantial holder from MS

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Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

ToCompany Name/Scheme

BARDOC GOLD LIMITED

only

125 578 743

…

ACN/ARSN

1. Details of substantial holder (1)

Name

Morgan Stanley and its subsidiaries listed in Annexure A

ACN/ARSN (if applicable)

Not Applicable

The holder became a substantial holder on

March 15, 2022

The holder became aware on

March 17, 2022

use

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a

relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)

Number of securities

Person's votes (5)

Voting power (6)

Ordinary Shares

14,994,075

14,994,075

5.16%

Based on 290,723,953 Ordinary

Shares Outstanding

3. Details of relevant interests

The ature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a

substantial holder are as follows:
personal
	Holder of relevant interest		Nature of relevant interest (7)		Class and number
			of securities
Morgan Stanley & Co.	Shares held or in respect of which the holder may exercise control over	1 Ordinary Shares
International plc	disposal in the ordinary course of sales and trading businesses.
Morgan Stanley Australia	Shares held or in respect of which the holder may exercise control over	14,994,074 Ordinary
Securities Limited	disposal in the ordinary course of sales and trading businesses.	Shares
	Each of the entities (as listed in	Each of the above entities is a body corporate that each upstream entity	14,994,075 Ordinary
	Annexure A) in the Morgan	Shares(N.B.: Total of
	controls and therefore has the relevant interests that the above entities
	Stanley group upstream of the	the above direct
	collectively have.
	above entities		interest)
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
For
	Holder of relevant interest	Registered holder of securities	Person entitled to be		Class and number of
	registered as holder (8)	securities
		Morgan Stanley & Co. International plc	HSBC Custody Nominees (Australia)	Not Applicable		1 Ordinary Shares
		Limited
		Morgan Stanley Australia Securities	Morgan Stanley Australia Securities	Not Applicable		14,994,074 Ordinary
		Limited		(Nominee) Pty Limited		Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

	Holder of relevant interest	Date of	Consideration (9)	Class and number interest of securities
	acquisition
			Cash	Non-cash
	Morgan Stanley Australia Securities Limited	11/24/2021	438.31	Buy	6,641 Ordinary Shares
only	12/15/2021	360.24	Buy	948 Ordinary Shares
	Morgan Stanley Australia Securities Limited
	Morgan Stanley Australia Securities Limited	12/20/2021	6,034.80	Buy	12,840 Ordinary Shares
	Morgan Stanley Australia Securities Limited	12/21/2021	5,377.92	Buy	11,204 Ordinary Shares
	Morgan Stanley Australia Securities Limited	12/22/2021	3,600.03	Buy	7,579 Ordinary Shares
	Morgan Stanley Australia Securities Limited	12/23/2021	332.71	Buy	686 Ordinary Shares
	Morgan Stanley Australia Securities Limited	12/29/2021	8,667.44	Buy	17,871 Ordinary Shares
	Morgan Stanley Australia Securities Limited	12/30/2021	8,634.94	Buy	17,804 Ordinary Shares
use	01/04/2022	3,916.86	Buy	8,076 Ordinary Shares
	Morgan Stanley Australia Securities Limited
	Morgan Stanley Australia Securities Limited	01/05/2022	1,333.75	Buy	2,750 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/07/2022	1,199.84	Buy	2,637 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/11/2022	273.42	Buy	588 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/12/2022	896.16	Buy	1,867 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/12/2022	2,577.83	Buy	5,427 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/17/2022	3,741.12	Buy	7,794 Ordinary Shares
personal	01/17/2022	7,666.40	Buy	15,807 Ordinary Shares
	Morgan Stanley Australia Securities Limited
	Morgan Stanley Australia Securities Limited	01/17/2022	14,296.55	Buy	30,098 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/18/2022	659.6	Buy	1,360 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/19/2022	250.51	Buy	533 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/19/2022	26,297.44	Buy	55,952 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/27/2022	589.9	Buy	1,388 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/28/2022	632.83	Buy	1,489 Ordinary Shares
	Morgan Stanley Australia Securities Limited	01/31/2022	570.36	Buy	1,358 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/01/2022	617.7	Buy	1,420 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/03/2022	538.2	Buy	1,170 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/10/2022	2,284.20	Buy	4,860 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/17/2022	42,033.60	Buy	84,000 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/17/2022	140,612.40	Buy	281,000 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/18/2022	372,378.84	Buy	737,378 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/21/2022	2,257,627.08	Buy	4,462,622 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/22/2022	124,624.50	Buy	250,000 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/22/2022	576,496.15	Buy	1,150,000 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/23/2022	4,058.40	Buy	8,455 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/23/2022	388,545.89	Buy	788,495 Ordinary Shares
	Morgan Stanley Australia Securities Limited	02/24/2022	456,231.37	Buy	915,947 Ordinary Shares
For
	Morgan Stanley Australia Securities Limited	03/01/2022	57,545.51	Buy	122,237 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/02/2022	4,041.18	Buy	8,324 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/03/2022	78,318.54	Buy	162,797 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/07/2022	11,713.62	Buy	23,920 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/07/2022	39,215.18	Buy	80,080 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/08/2022	12,328.37	Buy	23,920 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/08/2022	41,273.23	Buy	80,080 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/08/2022	641,891.25	Buy	1,250,000 Ordinary Shares
	Morgan Stanley Australia Securities Limited	03/09/2022	118,500.36	Buy	220,000 Ordinary Shares
			2

Morgan Stanley Australia Securities Limited

03/10/2022

545,208.87

Buy

1,030,000 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/11/2022

65,107.50

Buy

120,449 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/11/2022

100,266.66

Buy

186,300 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/11/2022

335,675.34

Buy

623,700 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/14/2022

61,669.44

Buy

112,700 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/14/2022

206,458.56

Buy

377,300 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/14/2022

217,737.60

Buy

400,000 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/14/2022

546,846.00

Buy

1,000,000 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/15/2022

240.09

Buy

453 Ordinary Shares

Morgan Stanley Australia Securities Limited

03/15/2022

247,026.91

Buy

466,415 Ordinary Shares

only

6.

Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

use

Name and ACN/ARSN (if applicable)

Nature of association

Morgan Stanley & Co. International plc

Is a body corporate controlled by each upstream entity as listed in Annexure A

Morgan Stanley Australia Securities Limited

Is a body corporate controlled by each upstream entity as listed in Annexure A

7.

Addresses

The addresses of persons named in this form are as follows:

personal

Name

Address

Morgan Stanley

1585 Broadway, New York, New York, 10036, USA.

Morgan Stanley & Co. International plc

Legal & Compliance Department, 25 Cabot Square, Canary Wharf, London, E14 4QA,

UNITED KINGDOM.

Morgan Stanley Australia Securities Limited

Level 39, Chifley Tower, 2 Chifley Square, Sydney, 2000, AUSTRALIA.

Signature

For

print name Wilson Li

capacity

Vice President

sign here

date

March 17, 2022

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Annexure A

List of Morgan Stanley and its subsidiaries that have a relevant interest or deemed to have a relevant interest in the shares or units stated in Section 3.

only		Name
	└─┬─Morgan Stanley
	└─┬─Morgan Stanley International Holdings Inc.
	├─┬─Morgan Stanley (Australia) Securities Holdings Pty Limited
	│ └───Morgan Stanley Australia Securities Limited
	└─┬─Morgan Stanley International Limited
	└─┬─Morgan Stanley Investments (UK)
	└───Morgan Stanley & Co. International plc
	Signature
use		print name Wilson Li	capacity	Vice President
For personal		sign here	date	March 17, 2022

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onlyuse(1)

(2)

personal(3)

(4)

(5)

(6)

(7)

(8)

(9) For

DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

See the definition of "associate" in section 9 of the Corporations Act 2001.

See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

The voting shares of a company constitute one class unless divided into separate classes.

The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

Include details of:

1. any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
2. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown.'"

Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

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