Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

24 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:	23 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	SALES	730,411	4.9720 GBP	4.9160 GBP
10p ordinary	PURCHASES	857,826	4.9760 GBP	4.9160 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	200	4.9219 GBP
10p ordinary	CFD	increasing a long position	775	4.9236 GBP
10p ordinary	CFD	increasing a long position	2,962	4.9273 GBP
10p ordinary	CFD	increasing a long position	3,987	4.9292 GBP
10p ordinary	CFD	increasing a long position	97	4.9381 GBP
10p ordinary	CFD	increasing a long position	1,362	4.9386 GBP
10p ordinary	CFD	increasing a long position	2,816	4.9386 GBP
10p ordinary	CFD	increasing a long position	550	4.9403 GBP
10p ordinary	CFD	increasing a long position	144	4.9422 GBP
10p ordinary	CFD	increasing a long position	280	4.9444 GBP
10p ordinary	CFD	increasing a long position	902	4.9456 GBP
10p ordinary	CFD	increasing a long position	19,837	4.9480 GBP
10p ordinary	CFD	increasing a long position	1,295	4.9500 GBP
10p ordinary	CFD	increasing a long position	31,835	4.9558 GBP
10p ordinary	CFD	increasing a long position	48,030	4.9560 GBP
10p ordinary	CFD	increasing a short position	9,432	4.9267 GBP
10p ordinary	CFD	increasing a short position	27,391	4.9289 GBP
10p ordinary	CFD	increasing a short position	1,200	4.9316 GBP
10p ordinary	CFD	increasing a short position	106,500	4.9464 GBP
10p ordinary	CFD	increasing a short position	16,854	4.9473 GBP
10p ordinary	CFD	increasing a short position	17,212	4.9476 GBP
10p ordinary	CFD	increasing a short position	1,831	4.9476 GBP
10p ordinary	CFD	increasing a short position	1,238	4.9507 GBP
10p ordinary	CFD	increasing a short position	2,074	4.9508 GBP
10p ordinary	CFD	increasing a short position	23,924	4.9560 GBP
10p ordinary	CFD	increasing a short position	1,097	4.9560 GBP
10p ordinary	CFD	increasing a short position	1,232	4.9560 GBP
10p ordinary	CFD	increasing a short position	3,532	4.9561 GBP
10p ordinary	CFD	increasing a short position	200	4.9564 GBP
10p ordinary	CFD	increasing a short position	700	4.9564 GBP
10p ordinary	CFD	increasing a short position	74	4.9634 GBP
10p ordinary	CFD	reducing a long position	2,004	4.9289 GBP
10p ordinary	CFD	reducing a long position	10	4.9310 GBP
10p ordinary	CFD	reducing a long position	2,962	4.9333 GBP
10p ordinary	CFD	reducing a long position	627	4.9355 GBP
10p ordinary	CFD	reducing a long position	425	4.9390 GBP
10p ordinary	CFD	reducing a long position	902	4.9422 GBP
10p ordinary	CFD	reducing a long position	2,260	4.9491 GBP
10p ordinary	CFD	reducing a long position	34,239	4.9560 GBP
10p ordinary	CFD	reducing a long position	927	4.9639 GBP
10p ordinary	CFD	reducing a short position	26,407	4.9355 GBP
10p ordinary	CFD	reducing a short position	2,007	4.9448 GBP
10p ordinary	CFD	reducing a short position	1,199	4.9449 GBP
10p ordinary	CFD	reducing a short position	1,674	4.9517 GBP
10p ordinary	CFD	reducing a short position	7,455	4.9553 GBP
10p ordinary	CFD	reducing a short position	200	4.9556 GBP
10p ordinary	CFD	reducing a short position	11,600	4.9556 GBP
10p ordinary	CFD	reducing a short position	1,029	4.9560 GBP
10p ordinary	CFD	reducing a short position	505	4.9560 GBP
10p ordinary	CFD	reducing a short position	72	4.9560 GBP
10p ordinary	CFD	reducing a short position	1,524	4.9560 GBP
10p ordinary	CFD	reducing a short position	25	4.9560 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:	24 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