Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

18 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:	17 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

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	953,502	5.0080 GBP	4.9300 GBP
10p ordinary	PURCHASES	1,148,989	5.0110 GBP	4.9307 GBP
10p ordinary	PURCHASES	217	6.4122 USD	6.4122 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	2	4.9300 GBP
10p ordinary	CFD	increasing a long position	4,927	4.9326 GBP
10p ordinary	CFD	increasing a long position	3,021	4.9347 GBP
10p ordinary	CFD	increasing a long position	40,278	4.9392 GBP
10p ordinary	CFD	increasing a long position	179	4.9633 GBP
10p ordinary	CFD	increasing a long position	87	4.9634 GBP
10p ordinary	CFD	increasing a long position	213	4.9669 GBP
10p ordinary	CFD	increasing a long position	997	4.9683 GBP
10p ordinary	CFD	increasing a long position	1,584	4.9800 GBP
10p ordinary	CFD	increasing a long position	4,796	4.9899 GBP
10p ordinary	CFD	increasing a short position	562	4.9310 GBP
10p ordinary	CFD	increasing a short position	10	4.9310 GBP
10p ordinary	CFD	increasing a short position	38,550	4.9310 GBP
10p ordinary	CFD	increasing a short position	4,105	4.9324 GBP
10p ordinary	CFD	increasing a short position	296	4.9372 GBP
10p ordinary	CFD	increasing a short position	1,911	4.9443 GBP
10p ordinary	CFD	increasing a short position	17,971	4.9443 GBP
10p ordinary	CFD	increasing a short position	83,200	4.9459 GBP
10p ordinary	CFD	increasing a short position	11,006	4.9520 GBP
10p ordinary	CFD	increasing a short position	47,545	4.9527 GBP
10p ordinary	CFD	increasing a short position	9,194	4.9618 GBP
10p ordinary	CFD	increasing a short position	42	4.9663 GBP
10p ordinary	CFD	increasing a short position	114	4.9840 GBP
10p ordinary	CFD	increasing a short position	1,580	4.9878 GBP
10p ordinary	CFD	reducing a long position	33	4.9307 GBP
10p ordinary	CFD	reducing a long position	217	4.9310 GBP
10p ordinary	CFD	reducing a long position	818	4.9310 GBP
10p ordinary	CFD	reducing a long position	11,956	4.9341 GBP
10p ordinary	CFD	reducing a long position	5,810	4.9341 GBP
10p ordinary	CFD	reducing a long position	759	4.9343 GBP
10p ordinary	CFD	reducing a long position	7,635	4.9356 GBP
10p ordinary	CFD	reducing a long position	277	4.9405 GBP
10p ordinary	CFD	reducing a long position	11	4.9527 GBP
10p ordinary	CFD	reducing a long position	213	4.9658 GBP
10p ordinary	CFD	reducing a long position	997	4.9842 GBP
10p ordinary	CFD	reducing a short position	767	4.9310 GBP
10p ordinary	CFD	reducing a short position	146	4.9310 GBP
10p ordinary	CFD	reducing a short position	3,634	4.9310 GBP
10p ordinary	CFD	reducing a short position	15,455	4.9318 GBP
10p ordinary	CFD	reducing a short position	9,223	4.9319 GBP
10p ordinary	CFD	reducing a short position	3,109	4.9326 GBP
10p ordinary	CFD	reducing a short position	32,584	4.9579 GBP
10p ordinary	CFD	reducing a short position	1,580	4.9671 GBP
10p ordinary	CFD	reducing a short position	2,078	4.9675 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:	18 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