Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc

07 March 2024

 

AMENDMENT(2(b))

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:	05 March 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	1,922,346	4.7493 GBP	4.6514 GBP
10p ordinary	PURCHASES	2,410,598	4.7530 GBP	4.6800 GBP
10p ordinary	PURCHASES	5,787	5.5200 EUR	5.5200 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	86,400	4.6514 GBP
10p ordinary	CFD	increasing a long position	110	4.6939 GBP
10p ordinary	CFD	increasing a long position	79	4.6993 GBP
10p ordinary	CFD	increasing a long position	77,597	4.6998 GBP
10p ordinary	CFD	increasing a long position	150	4.7040 GBP
10p ordinary	CFD	increasing a long position	37,143	4.7094 GBP
10p ordinary	CFD	increasing a long position	217	4.7100 GBP
10p ordinary	CFD	increasing a long position	11,950	4.7118 GBP
10p ordinary	CFD	increasing a long position	1,484	4.7144 GBP
10p ordinary	CFD	increasing a long position	206	4.7152 GBP
10p ordinary	CFD	increasing a long position	90	4.7197 GBP
10p ordinary	CFD	increasing a long position	18,945	4.7201 GBP
10p ordinary	CFD	increasing a long position	939	4.7302 GBP
10p ordinary	CFD	increasing a long position	21,387	4.7345 GBP
10p ordinary	CFD	increasing a long position	22,100	4.7411 GBP
10p ordinary	CFD	increasing a short position	8,019	4.6912 GBP
10p ordinary	CFD	increasing a short position	2,917	4.6912 GBP
10p ordinary	CFD	increasing a short position	14,064	4.6912 GBP
10p ordinary	CFD	increasing a short position	13,933	4.7031 GBP
10p ordinary	CFD	increasing a short position	6,342	4.7074 GBP
10p ordinary	CFD	increasing a short position	20,532	4.7091 GBP
10p ordinary	CFD	increasing a short position	15,144	4.7098 GBP
10p ordinary	CFD	increasing a short position	6,824	4.7100 GBP
10p ordinary	CFD	increasing a short position	1,300	4.7100 GBP
10p ordinary	CFD	increasing a short position	3,479	4.7100 GBP
10p ordinary	CFD	increasing a short position	135,500	4.7101 GBP
10p ordinary	CFD	increasing a short position	2,187	4.7101 GBP
10p ordinary	CFD	increasing a short position	5,809	4.7103 GBP
10p ordinary	CFD	increasing a short position	599	4.7105 GBP
10p ordinary	CFD	increasing a short position	68,945	4.7109 GBP
10p ordinary	CFD	increasing a short position	53,945	4.7124 GBP
10p ordinary	CFD	increasing a short position	223	4.7142 GBP
10p ordinary	CFD	increasing a short position	166	4.7142 GBP
10p ordinary	CFD	increasing a short position	35,468	4.7160 GBP
10p ordinary	CFD	increasing a short position	2,151	4.7160 GBP
10p ordinary	CFD	increasing a short position	119	4.7160 GBP
10p ordinary	CFD	increasing a short position	5,787	4.7164 GBP
10p ordinary	CFD	increasing a short position	1,445	4.7203 GBP
10p ordinary	CFD	increasing a short position	36,841	4.7220 GBP
10p ordinary	CFD	increasing a short position	2,035	4.7289 GBP
10p ordinary	CFD	increasing a short position	4,617	4.7289 GBP
10p ordinary	CFD	increasing a short position	99	4.7430 GBP
10p ordinary	CFD	reducing a long position	1	4.6960 GBP
10p ordinary	CFD	reducing a long position	397,260	4.6974 GBP
10p ordinary	CFD	reducing a long position	589	4.6985 GBP
10p ordinary	CFD	reducing a long position	2,164	4.7031 GBP
10p ordinary	CFD	reducing a long position	5,769	4.7099 GBP
10p ordinary	CFD	reducing a long position	15,618	4.7100 GBP
10p ordinary	CFD	reducing a long position	1,587	4.7100 GBP
10p ordinary	CFD	reducing a long position	33,682	4.7123 GBP
10p ordinary	CFD	reducing a long position	31,855	4.7127 GBP
10p ordinary	CFD	reducing a long position	18,945	4.7135 GBP
10p ordinary	CFD	reducing a long position	932	4.7142 GBP
10p ordinary	CFD	reducing a long position	1,248	4.7142 GBP
10p ordinary	CFD	reducing a long position	18,352	4.7146 GBP
10p ordinary	CFD	reducing a long position	22,100	4.7238 GBP
10p ordinary	CFD	reducing a long position	3,440	4.7255 GBP
10p ordinary	CFD	reducing a long position	1	4.7400 GBP
10p ordinary	CFD	reducing a short position	3,640	4.7060 GBP
10p ordinary	CFD	reducing a short position	3,307	4.7094 GBP
10p ordinary	CFD	reducing a short position	33,267	4.7096 GBP
10p ordinary	CFD	reducing a short position	18,328	4.7100 GBP
10p ordinary	CFD	reducing a short position	3,691	4.7115 GBP
10p ordinary	CFD	reducing a short position	325	4.7120 GBP
10p ordinary	CFD	reducing a short position	22,734	4.7177 GBP
10p ordinary	CFD	reducing a short position	12,486	4.7189 GBP
10p ordinary	CFD	reducing a short position	1,433	4.7189 GBP
10p ordinary	CFD	reducing a short position	400	4.7216 GBP
10p ordinary	CFD	reducing a short position	1,851	4.7267 GBP
10p ordinary	CFD	reducing a short position	124	4.7345 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:	07 March 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