Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

13 March 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:	12 March 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	1,095,831	4.8210 GBP	4.7110 GBP
10p ordinary	SALES	947,222	4.8210 GBP	4.7150 GBP
10p ordinary	PURCHASES	13,320	5.5563 EUR	5.5563 EUR

(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	4,404	4.7454 GBP
10p ordinary	CFD	increasing a long position	84,186	4.7473 GBP
10p ordinary	CFD	increasing a long position	3,927	4.7496 GBP
10p ordinary	CFD	increasing a long position	3,724	4.7502 GBP
10p ordinary	CFD	increasing a long position	588	4.7521 GBP
10p ordinary	CFD	increasing a long position	2,372	4.7611 GBP
10p ordinary	CFD	increasing a long position	895	4.7670 GBP
10p ordinary	CFD	increasing a long position	165	4.8210 GBP
10p ordinary	CFD	increasing a short position	1,125	4.7440 GBP
10p ordinary	CFD	increasing a short position	27,515	4.7440 GBP
10p ordinary	CFD	increasing a short position	29,817	4.7440 GBP
10p ordinary	CFD	increasing a short position	13,320	4.7454 GBP
10p ordinary	CFD	increasing a short position	3,208	4.7460 GBP
10p ordinary	CFD	increasing a short position	32,845	4.7467 GBP
10p ordinary	CFD	increasing a short position	9,896	4.7470 GBP
10p ordinary	CFD	increasing a short position	58,070	4.7475 GBP
10p ordinary	CFD	increasing a short position	46,696	4.7480 GBP
10p ordinary	CFD	increasing a short position	64,156	4.7480 GBP
10p ordinary	CFD	increasing a short position	640	4.7485 GBP
10p ordinary	CFD	increasing a short position	13,219	4.7486 GBP
10p ordinary	CFD	increasing a short position	1,430	4.7493 GBP
10p ordinary	CFD	increasing a short position	1,010	4.7496 GBP
10p ordinary	CFD	increasing a short position	5,494	4.7505 GBP
10p ordinary	CFD	increasing a short position	171	4.7520 GBP
10p ordinary	CFD	increasing a short position	165	4.7529 GBP
10p ordinary	CFD	increasing a short position	811	4.7540 GBP
10p ordinary	CFD	increasing a short position	221	4.7551 GBP
10p ordinary	CFD	increasing a short position	746	4.7554 GBP
10p ordinary	CFD	increasing a short position	2,136	4.7587 GBP
10p ordinary	CFD	increasing a short position	1	4.7690 GBP
10p ordinary	CFD	increasing a short position	1,202	4.7695 GBP
10p ordinary	CFD	increasing a short position	321	4.7944 GBP
10p ordinary	CFD	reducing a long position	29,253	4.7371 GBP
10p ordinary	CFD	reducing a long position	228	4.7418 GBP
10p ordinary	CFD	reducing a long position	18,781	4.7440 GBP
10p ordinary	CFD	reducing a long position	14,860	4.7440 GBP
10p ordinary	CFD	reducing a long position	1	4.7440 GBP
10p ordinary	CFD	reducing a long position	795	4.7440 GBP
10p ordinary	CFD	reducing a long position	100	4.7440 GBP
10p ordinary	CFD	reducing a long position	1,638	4.7440 GBP
10p ordinary	CFD	reducing a long position	8,283	4.7447 GBP
10p ordinary	CFD	reducing a long position	16,944	4.7473 GBP
10p ordinary	CFD	reducing a long position	7,778	4.7480 GBP
10p ordinary	CFD	reducing a long position	3,927	4.7484 GBP
10p ordinary	CFD	reducing a long position	10,862	4.7493 GBP
10p ordinary	CFD	reducing a long position	33,012	4.7504 GBP
10p ordinary	CFD	reducing a long position	895	4.7547 GBP
10p ordinary	CFD	reducing a long position	2,204	4.7559 GBP
10p ordinary	CFD	reducing a long position	441	4.7563 GBP
10p ordinary	CFD	reducing a long position	329	4.7563 GBP
10p ordinary	CFD	reducing a long position	37,006	4.7569 GBP
10p ordinary	CFD	reducing a long position	23,190	4.7627 GBP
10p ordinary	CFD	reducing a short position	2,800	4.7440 GBP
10p ordinary	CFD	reducing a short position	400	4.7440 GBP
10p ordinary	CFD	reducing a short position	2	4.7440 GBP
10p ordinary	CFD	reducing a short position	24,000	4.7440 GBP
10p ordinary	CFD	reducing a short position	150	4.7440 GBP
10p ordinary	CFD	reducing a short position	30,116	4.7440 GBP
10p ordinary	CFD	reducing a short position	3,526	4.7452 GBP
10p ordinary	CFD	reducing a short position	2,822	4.7457 GBP
10p ordinary	CFD	reducing a short position	18,693	4.7473 GBP
10p ordinary	CFD	reducing a short position	35,894	4.7503 GBP
10p ordinary	CFD	reducing a short position	758	4.7519 GBP
10p ordinary	CFD	reducing a short position	1,554	4.7540 GBP
10p ordinary	CFD	reducing a short position	1,588	4.7597 GBP
10p ordinary	CFD	reducing a short position	2,319	4.7635 GBP
10p ordinary	CFD	reducing a short position	1,041	4.7635 GBP
10p ordinary	CFD	reducing a short position	596	4.7640 GBP
10p ordinary	CFD	reducing a short position	1	4.8210 GBP
10p ordinary	CFD	reducing a short position	221	4.8210 GBP
10p ordinary	CFD	reducing a short position	391	4.8210 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:	13 March 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