Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

30 May 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:	29 May 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	1,112,135	5.0560 GBP	4.9535 GBP
10p ordinary	SALES	973,287	5.0620 GBP	4.9546 GBP
10p ordinary	PURCHASES	21,224	5.8307 EUR	5.8307 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	47	4.9548 GBP
10p ordinary	CFD	increasing a long position	992	4.9550 GBP
10p ordinary	CFD	increasing a long position	2,809	4.9550 GBP
10p ordinary	CFD	increasing a long position	1,400	4.9550 GBP
10p ordinary	CFD	increasing a long position	11,279	4.9550 GBP
10p ordinary	CFD	increasing a long position	5,723	4.9550 GBP
10p ordinary	CFD	increasing a long position	3,546	4.9579 GBP
10p ordinary	CFD	increasing a long position	378	4.9590 GBP
10p ordinary	CFD	increasing a long position	2,712	4.9754 GBP
10p ordinary	CFD	increasing a long position	1,767	4.9794 GBP
10p ordinary	CFD	increasing a long position	118	4.9796 GBP
10p ordinary	CFD	increasing a long position	1,036	4.9796 GBP
10p ordinary	CFD	increasing a long position	2,834	4.9797 GBP
10p ordinary	CFD	increasing a long position	136	4.9816 GBP
10p ordinary	CFD	increasing a long position	22,565	4.9841 GBP
10p ordinary	CFD	increasing a long position	400	4.9849 GBP
10p ordinary	CFD	increasing a long position	2,150	4.9865 GBP
10p ordinary	CFD	increasing a long position	1,618	4.9907 GBP
10p ordinary	CFD	increasing a long position	5,608	5.0012 GBP
10p ordinary	CFD	increasing a long position	845	5.0023 GBP
10p ordinary	CFD	increasing a long position	1,467	5.0101 GBP
10p ordinary	CFD	increasing a long position	4,651	5.0419 GBP
10p ordinary	CFD	increasing a long position	88	5.0425 GBP
10p ordinary	CFD	increasing a long position	193	5.0557 GBP
10p ordinary	CFD	increasing a long position	208	5.0600 GBP
10p ordinary	CFD	increasing a short position	598	4.9550 GBP
10p ordinary	CFD	increasing a short position	1,369	4.9550 GBP
10p ordinary	CFD	increasing a short position	487	4.9550 GBP
10p ordinary	CFD	increasing a short position	780	4.9550 GBP
10p ordinary	CFD	increasing a short position	3,253	4.9550 GBP
10p ordinary	CFD	increasing a short position	22,427	4.9550 GBP
10p ordinary	CFD	increasing a short position	21,224	4.9596 GBP
10p ordinary	CFD	increasing a short position	77,192	4.9600 GBP
10p ordinary	CFD	increasing a short position	13,400	4.9613 GBP
10p ordinary	CFD	increasing a short position	9,102	4.9650 GBP
10p ordinary	CFD	increasing a short position	64	4.9655 GBP
10p ordinary	CFD	increasing a short position	3,796	4.9680 GBP
10p ordinary	CFD	increasing a short position	22,261	4.9684 GBP
10p ordinary	CFD	increasing a short position	69	4.9800 GBP
10p ordinary	CFD	increasing a short position	714	4.9801 GBP
10p ordinary	CFD	increasing a short position	394	4.9925 GBP
10p ordinary	CFD	increasing a short position	120	4.9942 GBP
10p ordinary	CFD	increasing a short position	24,983	5.0027 GBP
10p ordinary	CFD	increasing a short position	23,300	5.0030 GBP
10p ordinary	CFD	increasing a short position	140	5.0130 GBP
10p ordinary	CFD	reducing a long position	1,277	4.9550 GBP
10p ordinary	CFD	reducing a long position	12,124	4.9550 GBP
10p ordinary	CFD	reducing a long position	3,978	4.9550 GBP
10p ordinary	CFD	reducing a long position	37,250	4.9552 GBP
10p ordinary	CFD	reducing a long position	9,312	4.9553 GBP
10p ordinary	CFD	reducing a long position	2,353	4.9604 GBP
10p ordinary	CFD	reducing a long position	5,044	4.9620 GBP
10p ordinary	CFD	reducing a long position	4,701	4.9707 GBP
10p ordinary	CFD	reducing a long position	208	4.9894 GBP
10p ordinary	CFD	reducing a long position	1,618	4.9923 GBP
10p ordinary	CFD	reducing a long position	8,307	5.0027 GBP
10p ordinary	CFD	reducing a long position	5,608	5.0030 GBP
10p ordinary	CFD	reducing a long position	6,476	5.0083 GBP
10p ordinary	CFD	reducing a long position	662	5.0128 GBP
10p ordinary	CFD	reducing a long position	1	5.0220 GBP
10p ordinary	CFD	reducing a long position	430	5.0513 GBP
10p ordinary	CFD	reducing a long position	803	5.0515 GBP
10p ordinary	CFD	reducing a short position	9,981	4.9546 GBP
10p ordinary	CFD	reducing a short position	16,500	4.9546 GBP
10p ordinary	CFD	reducing a short position	192	4.9549 GBP
10p ordinary	CFD	reducing a short position	22,427	4.9550 GBP
10p ordinary	CFD	reducing a short position	896	4.9550 GBP
10p ordinary	CFD	reducing a short position	149	4.9550 GBP
10p ordinary	CFD	reducing a short position	6,647	4.9552 GBP
10p ordinary	CFD	reducing a short position	12	4.9605 GBP
10p ordinary	CFD	reducing a short position	1,520	4.9634 GBP
10p ordinary	CFD	reducing a short position	28,431	4.9667 GBP
10p ordinary	CFD	reducing a short position	64,700	4.9675 GBP
10p ordinary	CFD	reducing a short position	375	4.9705 GBP
10p ordinary	CFD	reducing a short position	1,193	4.9716 GBP
10p ordinary	CFD	reducing a short position	59	4.9771 GBP
10p ordinary	CFD	reducing a short position	464	4.9772 GBP
10p ordinary	CFD	reducing a short position	358	4.9772 GBP
10p ordinary	CFD	reducing a short position	815	4.9823 GBP
10p ordinary	CFD	reducing a short position	1,169	4.9840 GBP
10p ordinary	CFD	reducing a short position	24,983	4.9865 GBP
10p ordinary	CFD	reducing a short position	1,371	4.9873 GBP
10p ordinary	CFD	reducing a short position	4,339	4.9912 GBP
10p ordinary	CFD	reducing a short position	483	5.0062 GBP
10p ordinary	CFD	reducing a short position	3,200	5.0123 GBP
10p ordinary	CFD	reducing a short position	900	5.0145 GBP
10p ordinary	CFD	reducing a short position	391	5.0162 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:	30 May 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