Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
13 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:

12 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

799,842

5.1040 GBP

4.9420 GBP

10p ordinary

PURCHASES

1,212,511

5.1080 GBP

4.9440 GBP

10p ordinary

SALES

14,446

6.0359 EUR

6.0359 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

1,331

4.9570 GBP

10p ordinary

CFD

increasing a long position

483

4.9870 GBP

10p ordinary

CFD

increasing a long position

1,744

4.9960 GBP

10p ordinary

CFD

increasing a long position

1,706

4.9973 GBP

10p ordinary

CFD

increasing a long position

8,598

4.9976 GBP

10p ordinary

CFD

increasing a long position

4,468

5.0610 GBP

10p ordinary

CFD

increasing a long position

1,049

5.0898 GBP

10p ordinary

CFD

increasing a long position

346

5.0926 GBP

10p ordinary

CFD

increasing a long position

5,768

5.0980 GBP

10p ordinary

CFD

increasing a long position

3,840

5.0984 GBP

10p ordinary

CFD

increasing a long position

14,446

5.0985 GBP

10p ordinary

CFD

increasing a long position

646

5.0995 GBP

10p ordinary

CFD

increasing a long position

8,268

5.1000 GBP

10p ordinary

CFD

increasing a short position

1,400

4.9563 GBP

10p ordinary

CFD

increasing a short position

1,700

4.9563 GBP

10p ordinary

CFD

increasing a short position

4,139

4.9584 GBP

10p ordinary

CFD

increasing a short position

13,038

4.9657 GBP

10p ordinary

CFD

increasing a short position

1,963

4.9765 GBP

10p ordinary

CFD

increasing a short position

5,979

5.0139 GBP

10p ordinary

CFD

increasing a short position

42,592

5.0358 GBP

10p ordinary

CFD

increasing a short position

1,200

5.0604 GBP

10p ordinary

CFD

increasing a short position

4,473

5.0665 GBP

10p ordinary

CFD

increasing a short position

6,344

5.0678 GBP

10p ordinary

CFD

increasing a short position

55,713

5.0678 GBP

10p ordinary

CFD

increasing a short position

1,164

5.0709 GBP

10p ordinary

CFD

increasing a short position

13,390

5.0737 GBP

10p ordinary

CFD

increasing a short position

4,780

5.0887 GBP

10p ordinary

CFD

increasing a short position

3,879

5.0970 GBP

10p ordinary

CFD

increasing a short position

5,810

5.0979 GBP

10p ordinary

CFD

increasing a short position

9

5.0980 GBP

10p ordinary

CFD

increasing a short position

16

5.0980 GBP

10p ordinary

CFD

increasing a short position

1,440

5.0980 GBP

10p ordinary

CFD

increasing a short position

14,400

5.0980 GBP

10p ordinary

CFD

increasing a short position

257

5.0980 GBP

10p ordinary

CFD

increasing a short position

3,531

5.0980 GBP

10p ordinary

CFD

increasing a short position

97

5.0980 GBP

10p ordinary

CFD

increasing a short position

14,260

5.0988 GBP

10p ordinary

CFD

increasing a short position

73

5.1000 GBP

10p ordinary

CFD

reducing a long position

483

4.9490 GBP

10p ordinary

CFD

reducing a long position

346

4.9584 GBP

10p ordinary

CFD

reducing a long position

130

4.9870 GBP

10p ordinary

CFD

reducing a long position

8,598

4.9979 GBP

10p ordinary

CFD

reducing a long position

8,268

5.0139 GBP

10p ordinary

CFD

reducing a long position

9,778

5.0225 GBP

10p ordinary

CFD

reducing a long position

401

5.0358 GBP

10p ordinary

CFD

reducing a long position

66,587

5.0379 GBP

10p ordinary

CFD

reducing a long position

8,275

5.0572 GBP

10p ordinary

CFD

reducing a long position

690

5.0618 GBP

10p ordinary

CFD

reducing a long position

5,246

5.0899 GBP

10p ordinary

CFD

reducing a long position

354

5.0923 GBP

10p ordinary

CFD

reducing a long position

14,773

5.0955 GBP

10p ordinary

CFD

reducing a long position

640

5.0976 GBP

10p ordinary

CFD

reducing a long position

7,661

5.0976 GBP

10p ordinary

CFD

reducing a long position

646

5.0980 GBP

10p ordinary

CFD

reducing a long position

474

5.0980 GBP

10p ordinary

CFD

reducing a long position

8,148

5.0980 GBP

10p ordinary

CFD

reducing a long position

40,849

5.0981 GBP

10p ordinary

CFD

reducing a long position

86

5.0984 GBP

10p ordinary

CFD

reducing a long position

29,460

5.0985 GBP

10p ordinary

CFD

reducing a short position

160

4.9686 GBP

10p ordinary

CFD

reducing a short position

2,910

5.0179 GBP

10p ordinary

CFD

reducing a short position

20,020

5.0274 GBP

10p ordinary

CFD

reducing a short position

948

5.0387 GBP

10p ordinary

CFD

reducing a short position

22,486

5.0666 GBP

10p ordinary

CFD

reducing a short position

6,988

5.0677 GBP

10p ordinary

CFD

reducing a short position

375

5.0704 GBP

10p ordinary

CFD

reducing a short position

1,758

5.0718 GBP

10p ordinary

CFD

reducing a short position

18,600

5.0740 GBP

10p ordinary

CFD

reducing a short position

97

5.0898 GBP

10p ordinary

CFD

reducing a short position

15,449

5.0926 GBP

10p ordinary

CFD

reducing a short position

11,502

5.0963 GBP

10p ordinary

CFD

reducing a short position

5,452

5.0965 GBP

10p ordinary

CFD

reducing a short position

1,343

5.0979 GBP

10p ordinary

CFD

reducing a short position

86,348

5.0980 GBP

10p ordinary

CFD

reducing a short position

472

5.0983 GBP

10p ordinary

CFD

reducing a short position

372

5.0984 GBP

10p ordinary

CFD

reducing a short position

5,520

5.0996 GBP

10p ordinary

CFD

reducing a short position

4,139

5.1000 GBP

10p ordinary

CFD

reducing a short position

3,080

5.1034 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 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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