Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

23 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:	22 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	468,039	5.0100 GBP	4.9566 GBP
10p ordinary	SALES	393,778	5.0114 GBP	4.9555 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	12,707	4.9620 GBP
10p ordinary	CFD	increasing a long position	6,845	4.9620 GBP
10p ordinary	CFD	increasing a long position	918	4.9620 GBP
10p ordinary	CFD	increasing a long position	444	4.9620 GBP
10p ordinary	CFD	increasing a long position	253	4.9698 GBP
10p ordinary	CFD	increasing a long position	197	4.9712 GBP
10p ordinary	CFD	increasing a long position	441	4.9713 GBP
10p ordinary	CFD	increasing a long position	914	4.9724 GBP
10p ordinary	CFD	increasing a long position	333	4.9756 GBP
10p ordinary	CFD	increasing a long position	2,004	4.9787 GBP
10p ordinary	CFD	increasing a long position	1,786	4.9807 GBP
10p ordinary	CFD	increasing a long position	259	4.9900 GBP
10p ordinary	CFD	increasing a long position	196	4.9962 GBP
10p ordinary	CFD	increasing a long position	161	5.0020 GBP
10p ordinary	CFD	increasing a short position	15,901	4.9620 GBP
10p ordinary	CFD	increasing a short position	6,755	4.9620 GBP
10p ordinary	CFD	increasing a short position	10	4.9620 GBP
10p ordinary	CFD	increasing a short position	9,834	4.9645 GBP
10p ordinary	CFD	increasing a short position	20,622	4.9675 GBP
10p ordinary	CFD	increasing a short position	2,193	4.9675 GBP
10p ordinary	CFD	increasing a short position	107,100	4.9677 GBP
10p ordinary	CFD	increasing a short position	23,722	4.9679 GBP
10p ordinary	CFD	increasing a short position	7,123	4.9689 GBP
10p ordinary	CFD	increasing a short position	2,673	4.9753 GBP
10p ordinary	CFD	increasing a short position	2,082	4.9969 GBP
10p ordinary	CFD	reducing a long position	13,040	4.9620 GBP
10p ordinary	CFD	reducing a long position	229	4.9620 GBP
10p ordinary	CFD	reducing a long position	20,009	4.9664 GBP
10p ordinary	CFD	reducing a long position	100	4.9721 GBP
10p ordinary	CFD	reducing a long position	957	4.9726 GBP
10p ordinary	CFD	reducing a long position	196	4.9739 GBP
10p ordinary	CFD	reducing a long position	1,786	4.9782 GBP
10p ordinary	CFD	reducing a long position	161	4.9860 GBP
10p ordinary	CFD	reducing a long position	253	4.9969 GBP
10p ordinary	CFD	reducing a short position	9,454	4.9613 GBP
10p ordinary	CFD	reducing a short position	106	4.9619 GBP
10p ordinary	CFD	reducing a short position	912	4.9620 GBP
10p ordinary	CFD	reducing a short position	505	4.9620 GBP
10p ordinary	CFD	reducing a short position	96	4.9620 GBP
10p ordinary	CFD	reducing a short position	9	4.9620 GBP
10p ordinary	CFD	reducing a short position	15,023	4.9622 GBP
10p ordinary	CFD	reducing a short position	8,965	4.9623 GBP
10p ordinary	CFD	reducing a short position	2,220	4.9630 GBP
10p ordinary	CFD	reducing a short position	2	4.9655 GBP
10p ordinary	CFD	reducing a short position	11,706	4.9669 GBP
10p ordinary	CFD	reducing a short position	17,461	4.9737 GBP
10p ordinary	CFD	reducing a short position	24,731	4.9768 GBP
10p ordinary	CFD	reducing a short position	9,289	4.9773 GBP
10p ordinary	CFD	reducing a short position	13,956	4.9779 GBP
10p ordinary	CFD	reducing a short position	27,843	4.9787 GBP
10p ordinary	CFD	reducing a short position	195	4.9795 GBP
10p ordinary	CFD	reducing a short position	101	4.9796 GBP
10p ordinary	CFD	reducing a short position	2,082	4.9962 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:	23 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