Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

20 February 2024

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	Morgan Stanley & Co. International plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Barratt Developments plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Barratt Developments Plc
(d) Date dealing undertaken:	19 February 2024
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?      If it is a cash offer or possible cash offer, state "N/A"	YES - Redrow plc

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
10p ordinary	PURCHASES	531,778	4.7865 GBP	4.7500 GBP
10p ordinary	SALES	281,293	4.7890 GBP	4.7570 GBP

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p ordinary	CFD	increasing a long position	7,739	4.7602 GBP
10p ordinary	CFD	increasing a long position	1,530	4.7676 GBP
10p ordinary	CFD	increasing a long position	130	4.7700 GBP
10p ordinary	CFD	increasing a long position	7,505	4.7701 GBP
10p ordinary	CFD	increasing a long position	105	4.7710 GBP
10p ordinary	CFD	increasing a long position	633	4.7746 GBP
10p ordinary	CFD	increasing a long position	14,883	4.7747 GBP
10p ordinary	CFD	increasing a long position	3,869	4.7767 GBP
10p ordinary	CFD	increasing a long position	4,568	4.7773 GBP
10p ordinary	CFD	increasing a long position	3,665	4.7780 GBP
10p ordinary	CFD	increasing a long position	498	4.7787 GBP
10p ordinary	CFD	increasing a long position	4,068	4.7791 GBP
10p ordinary	CFD	increasing a long position	165	4.7833 GBP
10p ordinary	CFD	increasing a short position	38	4.7570 GBP
10p ordinary	CFD	increasing a short position	28,102	4.7741 GBP
10p ordinary	CFD	increasing a short position	8,192	4.7755 GBP
10p ordinary	CFD	increasing a short position	2,121	4.7762 GBP
10p ordinary	CFD	increasing a short position	9,608	4.7779 GBP
10p ordinary	CFD	increasing a short position	53,941	4.7780 GBP
10p ordinary	CFD	increasing a short position	160,021	4.7780 GBP
10p ordinary	CFD	increasing a short position	801	4.7780 GBP
10p ordinary	CFD	increasing a short position	3,321	4.7780 GBP
10p ordinary	CFD	increasing a short position	777	4.7780 GBP
10p ordinary	CFD	increasing a short position	1,366	4.7785 GBP
10p ordinary	CFD	increasing a short position	189	4.7807 GBP
10p ordinary	CFD	increasing a short position	1,053	4.7822 GBP
10p ordinary	CFD	reducing a long position	130	4.7501 GBP
10p ordinary	CFD	reducing a long position	1,530	4.7575 GBP
10p ordinary	CFD	reducing a long position	1,158	4.7712 GBP
10p ordinary	CFD	reducing a long position	2,453	4.7738 GBP
10p ordinary	CFD	reducing a long position	26,500	4.7754 GBP
10p ordinary	CFD	reducing a long position	5,734	4.7757 GBP
10p ordinary	CFD	reducing a long position	16,338	4.7777 GBP
10p ordinary	CFD	reducing a long position	1,213	4.7780 GBP
10p ordinary	CFD	reducing a long position	105	4.7780 GBP
10p ordinary	CFD	reducing a long position	2,188	4.7780 GBP
10p ordinary	CFD	reducing a long position	65	4.7780 GBP
10p ordinary	CFD	reducing a long position	2,929	4.7780 GBP
10p ordinary	CFD	reducing a long position	14,498	4.7780 GBP
10p ordinary	CFD	reducing a long position	5,052	4.7785 GBP
10p ordinary	CFD	reducing a long position	141	4.7805 GBP
10p ordinary	CFD	reducing a short position	8,225	4.7593 GBP
10p ordinary	CFD	reducing a short position	673	4.7641 GBP
10p ordinary	CFD	reducing a short position	56	4.7693 GBP
10p ordinary	CFD	reducing a short position	2,043	4.7694 GBP
10p ordinary	CFD	reducing a short position	92	4.7696 GBP
10p ordinary	CFD	reducing a short position	3	4.7698 GBP
10p ordinary	CFD	reducing a short position	111	4.7710 GBP
10p ordinary	CFD	reducing a short position	2,611	4.7728 GBP
10p ordinary	CFD	reducing a short position	87	4.7743 GBP
10p ordinary	CFD	reducing a short position	751	4.7743 GBP
10p ordinary	CFD	reducing a short position	3,181	4.7754 GBP
10p ordinary	CFD	reducing a short position	48	4.7767 GBP
10p ordinary	CFD	reducing a short position	11,940	4.7780 GBP
10p ordinary	CFD	reducing a short position	30,410	4.7780 GBP
10p ordinary	CFD	reducing a short position	11	4.7810 GBP

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
N/A	N/A	N/A	N/A	N/A

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

3.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

NONE

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

Date of disclosure:	20 February 2024
Contact name:	Craig Horsley
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END