Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
05 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:

04 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

1,240,243

5.0815 GBP

5.0100 GBP

10p ordinary

PURCHASES

964,290

5.0840 GBP

5.0080 GBP

10p ordinary

SALES

8,600

5.9540 EUR

5.9540 EUR

10p ordinary

PURCHASES

4,210

6.4772 USD

6.4772 USD

10p ordinary

SALES

4,210

6.4772 USD

6.4772 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

950

5.0208 GBP

10p ordinary

CFD

increasing a long position

678

5.0480 GBP

10p ordinary

CFD

increasing a long position

2,073

5.0480 GBP

10p ordinary

CFD

increasing a long position

26,082

5.0484 GBP

10p ordinary

CFD

increasing a long position

1,510

5.0510 GBP

10p ordinary

CFD

increasing a long position

1,641

5.0524 GBP

10p ordinary

CFD

increasing a long position

2,405

5.0563 GBP

10p ordinary

CFD

increasing a long position

45,516

5.0646 GBP

10p ordinary

CFD

increasing a long position

536

5.0653 GBP

10p ordinary

CFD

increasing a long position

8,539

5.0655 GBP

10p ordinary

CFD

increasing a long position

21,555

5.0673 GBP

10p ordinary

CFD

increasing a long position

838

5.0675 GBP

10p ordinary

CFD

increasing a long position

590

5.0680 GBP

10p ordinary

CFD

increasing a long position

1,687

5.0680 GBP

10p ordinary

CFD

increasing a long position

14,980

5.0680 GBP

10p ordinary

CFD

increasing a long position

16,877

5.0680 GBP

10p ordinary

CFD

increasing a long position

876

5.0680 GBP

10p ordinary

CFD

increasing a short position

448

5.0441 GBP

10p ordinary

CFD

increasing a short position

1,659

5.0552 GBP

10p ordinary

CFD

increasing a short position

43,479

5.0558 GBP

10p ordinary

CFD

increasing a short position

42

5.0600 GBP

10p ordinary

CFD

increasing a short position

1,144

5.0639 GBP

10p ordinary

CFD

increasing a short position

2,332

5.0648 GBP

10p ordinary

CFD

increasing a short position

28,953

5.0653 GBP

10p ordinary

CFD

increasing a short position

154

5.0679 GBP

10p ordinary

CFD

increasing a short position

2,205

5.0680 GBP

10p ordinary

CFD

increasing a short position

2,065

5.0680 GBP

10p ordinary

CFD

increasing a short position

1

5.0680 GBP

10p ordinary

CFD

increasing a short position

84

5.0680 GBP

10p ordinary

CFD

increasing a short position

2,671

5.0681 GBP

10p ordinary

CFD

increasing a short position

50

5.0698 GBP

10p ordinary

CFD

increasing a short position

1,286

5.0719 GBP

10p ordinary

CFD

increasing a short position

2,797

5.0719 GBP

10p ordinary

CFD

increasing a short position

8

5.0780 GBP

10p ordinary

CFD

reducing a long position

449

5.0320 GBP

10p ordinary

CFD

reducing a long position

876

5.0320 GBP

10p ordinary

CFD

reducing a long position

2,073

5.0325 GBP

10p ordinary

CFD

reducing a long position

144

5.0392 GBP

10p ordinary

CFD

reducing a long position

2

5.0500 GBP

10p ordinary

CFD

reducing a long position

260

5.0520 GBP

10p ordinary

CFD

reducing a long position

6,411

5.0558 GBP

10p ordinary

CFD

reducing a long position

134

5.0565 GBP

10p ordinary

CFD

reducing a long position

12,865

5.0601 GBP

10p ordinary

CFD

reducing a long position

107

5.0605 GBP

10p ordinary

CFD

reducing a long position

1,170

5.0606 GBP

10p ordinary

CFD

reducing a long position

2,405

5.0617 GBP

10p ordinary

CFD

reducing a long position

736

5.0680 GBP

10p ordinary

CFD

reducing a long position

21,514

5.0680 GBP

10p ordinary

CFD

reducing a long position

1,206

5.0680 GBP

10p ordinary

CFD

reducing a long position

61

5.0680 GBP

10p ordinary

CFD

reducing a long position

84

5.0680 GBP

10p ordinary

CFD

reducing a long position

3

5.0680 GBP

10p ordinary

CFD

reducing a long position

1,200

5.0680 GBP

10p ordinary

CFD

reducing a long position

17,405

5.0682 GBP

10p ordinary

CFD

reducing a long position

4,351

5.0683 GBP

10p ordinary

CFD

reducing a short position

372

5.0484 GBP

10p ordinary

CFD

reducing a short position

4,397

5.0493 GBP

10p ordinary

CFD

reducing a short position

2,000

5.0585 GBP

10p ordinary

CFD

reducing a short position

600

5.0585 GBP

10p ordinary

CFD

reducing a short position

15,100

5.0585 GBP

10p ordinary

CFD

reducing a short position

42,021

5.0586 GBP

10p ordinary

CFD

reducing a short position

136,100

5.0587 GBP

10p ordinary

CFD

reducing a short position

9,326

5.0595 GBP

10p ordinary

CFD

reducing a short position

84

5.0627 GBP

10p ordinary

CFD

reducing a short position

4,025

5.0637 GBP

10p ordinary

CFD

reducing a short position

12,585

5.0657 GBP

10p ordinary

CFD

reducing a short position

61,882

5.0673 GBP

10p ordinary

CFD

reducing a short position

3,647

5.0676 GBP

10p ordinary

CFD

reducing a short position

32,369

5.0680 GBP

10p ordinary

CFD

reducing a short position

392

5.0680 GBP

10p ordinary

CFD

reducing a short position

8,600

5.0681 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:

05 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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