Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
04 June 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:

03 June 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

SALES

559,990

5.1220 GBP

5.0420 GBP

10p ordinary

PURCHASES

626,811

5.1300 GBP

5.0360 GBP

10p ordinary

PURCHASES

4,210

6.4481 USD

6.4481 USD

 

(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

660

5.0431 GBP

10p ordinary

CFD

increasing a long position

1,681

5.0465 GBP

10p ordinary

CFD

increasing a long position

2,745

5.0480 GBP

10p ordinary

CFD

increasing a long position

990

5.0480 GBP

10p ordinary

CFD

increasing a long position

31,046

5.0480 GBP

10p ordinary

CFD

increasing a long position

16,608

5.0556 GBP

10p ordinary

CFD

increasing a long position

6,411

5.0573 GBP

10p ordinary

CFD

increasing a long position

29

5.0608 GBP

10p ordinary

CFD

increasing a long position

1,787

5.0635 GBP

10p ordinary

CFD

increasing a long position

1,870

5.0641 GBP

10p ordinary

CFD

increasing a long position

401

5.0658 GBP

10p ordinary

CFD

increasing a long position

1

5.0660 GBP

10p ordinary

CFD

increasing a long position

2,081

5.0701 GBP

10p ordinary

CFD

increasing a long position

2,711

5.0896 GBP

10p ordinary

CFD

increasing a long position

1,566

5.0919 GBP

10p ordinary

CFD

increasing a long position

99

5.0960 GBP

10p ordinary

CFD

increasing a short position

57

5.0480 GBP

10p ordinary

CFD

increasing a short position

1,185

5.0480 GBP

10p ordinary

CFD

increasing a short position

348

5.0480 GBP

10p ordinary

CFD

increasing a short position

13,400

5.0490 GBP

10p ordinary

CFD

increasing a short position

84,074

5.0504 GBP

10p ordinary

CFD

increasing a short position

755

5.0542 GBP

10p ordinary

CFD

increasing a short position

389

5.0559 GBP

10p ordinary

CFD

increasing a short position

948

5.0564 GBP

10p ordinary

CFD

increasing a short position

12,492

5.0575 GBP

10p ordinary

CFD

increasing a short position

5,112

5.0583 GBP

10p ordinary

CFD

increasing a short position

25,146

5.0589 GBP

10p ordinary

CFD

increasing a short position

539

5.0599 GBP

10p ordinary

CFD

increasing a short position

2,310

5.0634 GBP

10p ordinary

CFD

increasing a short position

3,609

5.0641 GBP

10p ordinary

CFD

increasing a short position

1,435

5.0693 GBP

10p ordinary

CFD

increasing a short position

768

5.0702 GBP

10p ordinary

CFD

increasing a short position

1,407

5.0727 GBP

10p ordinary

CFD

increasing a short position

218

5.0817 GBP

10p ordinary

CFD

reducing a long position

29

5.0477 GBP

10p ordinary

CFD

reducing a long position

33,416

5.0480 GBP

10p ordinary

CFD

reducing a long position

460

5.0480 GBP

10p ordinary

CFD

reducing a long position

616

5.0480 GBP

10p ordinary

CFD

reducing a long position

7,258

5.0480 GBP

10p ordinary

CFD

reducing a long position

2,353

5.0480 GBP

10p ordinary

CFD

reducing a long position

2,340

5.0480 GBP

10p ordinary

CFD

reducing a long position

20,780

5.0482 GBP

10p ordinary

CFD

reducing a long position

5,194

5.0483 GBP

10p ordinary

CFD

reducing a long position

12,275

5.0553 GBP

10p ordinary

CFD

reducing a long position

1,397

5.0553 GBP

10p ordinary

CFD

reducing a long position

357

5.0555 GBP

10p ordinary

CFD

reducing a long position

6,667

5.0589 GBP

10p ordinary

CFD

reducing a long position

7,148

5.0608 GBP

10p ordinary

CFD

reducing a long position

434

5.0634 GBP

10p ordinary

CFD

reducing a long position

5,068

5.0745 GBP

10p ordinary

CFD

reducing a long position

2,711

5.0758 GBP

10p ordinary

CFD

reducing a long position

107

5.0761 GBP

10p ordinary

CFD

reducing a long position

1,566

5.0981 GBP

10p ordinary

CFD

reducing a short position

63,454

5.0480 GBP

10p ordinary

CFD

reducing a short position

3,341

5.0520 GBP

10p ordinary

CFD

reducing a short position

524

5.0551 GBP

10p ordinary

CFD

reducing a short position

3,179

5.0556 GBP

10p ordinary

CFD

reducing a short position

4,779

5.0558 GBP

10p ordinary

CFD

reducing a short position

122,800

5.0568 GBP

10p ordinary

CFD

reducing a short position

25,146

5.0573 GBP

10p ordinary

CFD

reducing a short position

2,838

5.0594 GBP

10p ordinary

CFD

reducing a short position

7,200

5.0612 GBP

10p ordinary

CFD

reducing a short position

15,536

5.0668 GBP

10p ordinary

CFD

reducing a short position

200

5.0860 GBP

10p ordinary

CFD

reducing a short position

783

5.1111 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:

04 June 2024

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

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 +44 (0)20 7638 0129.

 

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

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