Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

03 July 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:	02 July 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	794,643	4.8485 GBP	4.7468 GBP
10p ordinary	SALES	867,103	4.8500 GBP	4.7450 GBP

(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	3,761	4.7450 GBP
10p ordinary	CFD	increasing a long position	1	4.7790 GBP
10p ordinary	CFD	increasing a long position	2	4.7880 GBP
10p ordinary	CFD	increasing a long position	4,690	4.7893 GBP
10p ordinary	CFD	increasing a long position	23,645	4.7926 GBP
10p ordinary	CFD	increasing a long position	23	4.7943 GBP
10p ordinary	CFD	increasing a long position	3,125	4.8140 GBP
10p ordinary	CFD	increasing a long position	148	4.8200 GBP
10p ordinary	CFD	increasing a short position	1,411	4.7665 GBP
10p ordinary	CFD	increasing a short position	90	4.7681 GBP
10p ordinary	CFD	increasing a short position	3,193	4.7790 GBP
10p ordinary	CFD	increasing a short position	1,488	4.7790 GBP
10p ordinary	CFD	increasing a short position	478	4.7790 GBP
10p ordinary	CFD	increasing a short position	24,252	4.7791 GBP
10p ordinary	CFD	increasing a short position	743	4.7800 GBP
10p ordinary	CFD	increasing a short position	47,881	4.7883 GBP
10p ordinary	CFD	increasing a short position	493	4.7931 GBP
10p ordinary	CFD	increasing a short position	3,980	4.7943 GBP
10p ordinary	CFD	increasing a short position	14,275	4.8049 GBP
10p ordinary	CFD	increasing a short position	63,968	4.8094 GBP
10p ordinary	CFD	increasing a short position	786	4.8208 GBP
10p ordinary	CFD	increasing a short position	372	4.8208 GBP
10p ordinary	CFD	increasing a short position	311	4.8256 GBP
10p ordinary	CFD	reducing a long position	389	4.7550 GBP
10p ordinary	CFD	reducing a long position	1,689	4.7790 GBP
10p ordinary	CFD	reducing a long position	4,416	4.7790 GBP
10p ordinary	CFD	reducing a long position	3	4.7790 GBP
10p ordinary	CFD	reducing a long position	3,761	4.7791 GBP
10p ordinary	CFD	reducing a long position	3,125	4.7967 GBP
10p ordinary	CFD	reducing a long position	338	4.8021 GBP
10p ordinary	CFD	reducing a long position	3,876	4.8061 GBP
10p ordinary	CFD	reducing a long position	24,571	4.8135 GBP
10p ordinary	CFD	reducing a long position	148	4.8139 GBP
10p ordinary	CFD	reducing a long position	6,700	4.8162 GBP
10p ordinary	CFD	reducing a long position	23	4.8256 GBP
10p ordinary	CFD	reducing a short position	633	4.7450 GBP
10p ordinary	CFD	reducing a short position	311	4.7790 GBP
10p ordinary	CFD	reducing a short position	1,941	4.7790 GBP
10p ordinary	CFD	reducing a short position	1,600	4.7790 GBP
10p ordinary	CFD	reducing a short position	330	4.7790 GBP
10p ordinary	CFD	reducing a short position	742	4.7790 GBP
10p ordinary	CFD	reducing a short position	6,937	4.7806 GBP
10p ordinary	CFD	reducing a short position	5,881	4.7915 GBP
10p ordinary	CFD	reducing a short position	35	4.7918 GBP
10p ordinary	CFD	reducing a short position	20,565	4.7928 GBP
10p ordinary	CFD	reducing a short position	33	4.7933 GBP
10p ordinary	CFD	reducing a short position	215	4.7933 GBP
10p ordinary	CFD	reducing a short position	11,013	4.7933 GBP
10p ordinary	CFD	reducing a short position	67	4.7933 GBP
10p ordinary	CFD	reducing a short position	3,687	4.8027 GBP
10p ordinary	CFD	reducing a short position	9,361	4.8058 GBP
10p ordinary	CFD	reducing a short position	996	4.8058 GBP
10p ordinary	CFD	reducing a short position	2,367	4.8097 GBP
10p ordinary	CFD	reducing a short position	85,925	4.8103 GBP
10p ordinary	CFD	reducing a short position	3,347	4.8116 GBP
10p ordinary	CFD	reducing a short position	17,697	4.8226 GBP
10p ordinary	CFD	reducing a short position	7,071	4.8267 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:	03 July 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