Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
07 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:

06 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

PURCHASES

768,762

5.1080 GBP

5.0633 GBP

10p ordinary

SALES

732,015

5.1120 GBP

5.0460 GBP

10p ordinary

SALES

13,500

5.9850 EUR

5.9850 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

3,720,266

5.0800 GBP

10p ordinary

CFD

increasing a long position

214

5.0827 GBP

10p ordinary

CFD

increasing a long position

4,648

5.0842 GBP

10p ordinary

CFD

increasing a long position

5,325

5.0844 GBP

10p ordinary

CFD

increasing a long position

721

5.0855 GBP

10p ordinary

CFD

increasing a long position

90,360

5.0873 GBP

10p ordinary

CFD

increasing a long position

296

5.0920 GBP

10p ordinary

CFD

increasing a long position

423

5.0930 GBP

10p ordinary

CFD

increasing a long position

15,399

5.0932 GBP

10p ordinary

CFD

increasing a long position

70,446

5.0934 GBP

10p ordinary

CFD

increasing a long position

63,339

5.0953 GBP

10p ordinary

CFD

increasing a long position

106

5.0957 GBP

10p ordinary

CFD

increasing a long position

17,927

5.0959 GBP

10p ordinary

CFD

increasing a long position

60

5.0960 GBP

10p ordinary

CFD

increasing a long position

8,767

5.0960 GBP

10p ordinary

CFD

increasing a long position

531

5.0980 GBP

10p ordinary

CFD

increasing a long position

2,928

5.1008 GBP

10p ordinary

CFD

increasing a long position

13

5.1022 GBP

10p ordinary

CFD

increasing a long position

12,787

5.1023 GBP

10p ordinary

CFD

increasing a long position

616

5.1038 GBP

10p ordinary

CFD

increasing a short position

75,778

5.0831 GBP

10p ordinary

CFD

increasing a short position

5,325

5.0843 GBP

10p ordinary

CFD

increasing a short position

7,007

5.0883 GBP

10p ordinary

CFD

increasing a short position

4,899

5.0917 GBP

10p ordinary

CFD

increasing a short position

518

5.0921 GBP

10p ordinary

CFD

increasing a short position

3,496

5.0937 GBP

10p ordinary

CFD

increasing a short position

30,699

5.0937 GBP

10p ordinary

CFD

increasing a short position

41

5.0940 GBP

10p ordinary

CFD

increasing a short position

5,888

5.0951 GBP

10p ordinary

CFD

increasing a short position

402

5.0960 GBP

10p ordinary

CFD

increasing a short position

3,619

5.0960 GBP

10p ordinary

CFD

increasing a short position

22,139

5.0960 GBP

10p ordinary

CFD

increasing a short position

807

5.0964 GBP

10p ordinary

CFD

increasing a short position

2,987

5.0964 GBP

10p ordinary

CFD

increasing a short position

2,943

5.0965 GBP

10p ordinary

CFD

increasing a short position

44,594

5.0968 GBP

10p ordinary

CFD

increasing a short position

936

5.0989 GBP

10p ordinary

CFD

increasing a short position

6,956

5.0993 GBP

10p ordinary

CFD

increasing a short position

1,858

5.0994 GBP

10p ordinary

CFD

increasing a short position

855

5.0994 GBP

10p ordinary

CFD

increasing a short position

151,200

5.0996 GBP

10p ordinary

CFD

increasing a short position

17,052

5.0999 GBP

10p ordinary

CFD

increasing a short position

3,316

5.1003 GBP

10p ordinary

CFD

increasing a short position

414

5.1012 GBP

10p ordinary

CFD

increasing a short position

4,413

5.1038 GBP

10p ordinary

CFD

increasing a short position

1,193

5.1038 GBP

10p ordinary

CFD

increasing a short position

1,094

5.1087 GBP

10p ordinary

CFD

reducing a long position

3,720,266

5.0800 GBP

10p ordinary

CFD

reducing a long position

60

5.0800 GBP

10p ordinary

CFD

reducing a long position

296

5.0800 GBP

10p ordinary

CFD

reducing a long position

589

5.0811 GBP

10p ordinary

CFD

reducing a long position

7,128

5.0873 GBP

10p ordinary

CFD

reducing a long position

734

5.0901 GBP

10p ordinary

CFD

reducing a long position

112

5.0953 GBP

10p ordinary

CFD

reducing a long position

616

5.0957 GBP

10p ordinary

CFD

reducing a long position

1,872

5.0958 GBP

10p ordinary

CFD

reducing a long position

74

5.0959 GBP

10p ordinary

CFD

reducing a long position

1,554

5.0960 GBP

10p ordinary

CFD

reducing a long position

560

5.0960 GBP

10p ordinary

CFD

reducing a long position

709

5.0960 GBP

10p ordinary

CFD

reducing a long position

14,498

5.0961 GBP

10p ordinary

CFD

reducing a long position

5,165

5.0965 GBP

10p ordinary

CFD

reducing a long position

8,345

5.0968 GBP

10p ordinary

CFD

reducing a long position

7,943

5.0996 GBP

10p ordinary

CFD

reducing a long position

13

5.1004 GBP

10p ordinary

CFD

reducing a long position

12

5.1020 GBP

10p ordinary

CFD

reducing a short position

92

5.0639 GBP

10p ordinary

CFD

reducing a short position

11,473

5.0776 GBP

10p ordinary

CFD

reducing a short position

13,649

5.0827 GBP

10p ordinary

CFD

reducing a short position

9,060

5.0852 GBP

10p ordinary

CFD

reducing a short position

2,495

5.0863 GBP

10p ordinary

CFD

reducing a short position

10,147

5.0895 GBP

10p ordinary

CFD

reducing a short position

7,750

5.0929 GBP

10p ordinary

CFD

reducing a short position

1,178

5.0932 GBP

10p ordinary

CFD

reducing a short position

5,926

5.0934 GBP

10p ordinary

CFD

reducing a short position

13,500

5.0945 GBP

10p ordinary

CFD

reducing a short position

3,216

5.0950 GBP

10p ordinary

CFD

reducing a short position

1,000

5.0956 GBP

10p ordinary

CFD

reducing a short position

80,000

5.0957 GBP

10p ordinary

CFD

reducing a short position

15,077

5.0960 GBP

10p ordinary

CFD

reducing a short position

4,623

5.0960 GBP

10p ordinary

CFD

reducing a short position

796

5.0960 GBP

10p ordinary

CFD

reducing a short position

29,094

5.0971 GBP

10p ordinary

CFD

reducing a short position

2,174

5.0971 GBP

10p ordinary

CFD

reducing a short position

155

5.0975 GBP

10p ordinary

CFD

reducing a short position

8,368

5.0985 GBP

10p ordinary

CFD

reducing a short position

1,371

5.1059 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:

07 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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