Morgan Stanley Crosses Participation Thresholds in Teleperformance

On April 20, 2026, Morgan Stanley announced that it had crossed the 5% threshold of Teleperformance's share capital and voting rights. This threshold crossing occurred on April 14, 2026, through off-market acquisitions. Morgan Stanley now indirectly holds 5.69% of the share capital and 5.55% of the voting rights, representing 3,407,689 Teleperformance shares.

The acquisitions include right-to-recall, put option, and call option agreements, allowing Morgan Stanley to recall or exercise options on the shares at various expiration dates. For example, Morgan Stanley holds put options exercisable between June and December 2026, and call options expiring in June 2027.

Furthermore, forward equity swap contracts strengthen their position. This strategy significantly increases Morgan Stanley's stake in Teleperformance.