Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc

09 July 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 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	1,836,904	5.1100 GBP	4.9550 GBP
10p ordinary	PURCHASES	1,934,705	5.1160 GBP	4.9785 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	5.0007 GBP
10p ordinary	CFD	increasing a long position	844	5.0287 GBP
10p ordinary	CFD	increasing a long position	11,704	5.0400 GBP
10p ordinary	CFD	increasing a long position	221	5.0400 GBP
10p ordinary	CFD	increasing a long position	9,568	5.0400 GBP
10p ordinary	CFD	increasing a long position	21,865	5.0400 GBP
10p ordinary	CFD	increasing a long position	10,144	5.0567 GBP
10p ordinary	CFD	increasing a long position	2,720	5.0586 GBP
10p ordinary	CFD	increasing a long position	703	5.0632 GBP
10p ordinary	CFD	increasing a long position	7,706	5.0670 GBP
10p ordinary	CFD	increasing a long position	14,117	5.0777 GBP
10p ordinary	CFD	increasing a short position	260	5.0261 GBP
10p ordinary	CFD	increasing a short position	7	5.0329 GBP
10p ordinary	CFD	increasing a short position	14	5.0329 GBP
10p ordinary	CFD	increasing a short position	2,615	5.0346 GBP
10p ordinary	CFD	increasing a short position	3,874	5.0373 GBP
10p ordinary	CFD	increasing a short position	675	5.0393 GBP
10p ordinary	CFD	increasing a short position	8,403	5.0400 GBP
10p ordinary	CFD	increasing a short position	576	5.0400 GBP
10p ordinary	CFD	increasing a short position	269	5.0400 GBP
10p ordinary	CFD	increasing a short position	1,338	5.0404 GBP
10p ordinary	CFD	increasing a short position	7,329	5.0420 GBP
10p ordinary	CFD	increasing a short position	13,100	5.0475 GBP
10p ordinary	CFD	increasing a short position	13,227	5.0600 GBP
10p ordinary	CFD	increasing a short position	76	5.0660 GBP
10p ordinary	CFD	increasing a short position	2,837	5.0678 GBP
10p ordinary	CFD	increasing a short position	47,096	5.0747 GBP
10p ordinary	CFD	increasing a short position	446	5.0856 GBP
10p ordinary	CFD	increasing a short position	822	5.0889 GBP
10p ordinary	CFD	increasing a short position	87	5.0933 GBP
10p ordinary	CFD	increasing a short position	244	5.0941 GBP
10p ordinary	CFD	reducing a long position	12	4.9796 GBP
10p ordinary	CFD	reducing a long position	221	5.0400 GBP
10p ordinary	CFD	reducing a long position	9,496	5.0400 GBP
10p ordinary	CFD	reducing a long position	9,824	5.0490 GBP
10p ordinary	CFD	reducing a long position	232,708	5.0629 GBP
10p ordinary	CFD	reducing a long position	72	5.0642 GBP
10p ordinary	CFD	reducing a long position	14,117	5.0833 GBP
10p ordinary	CFD	reducing a long position	844	5.0856 GBP
10p ordinary	CFD	reducing a short position	534	5.0059 GBP
10p ordinary	CFD	reducing a short position	1,819	5.0075 GBP
10p ordinary	CFD	reducing a short position	2,894	5.0287 GBP
10p ordinary	CFD	reducing a short position	5,956	5.0332 GBP
10p ordinary	CFD	reducing a short position	1,352	5.0399 GBP
10p ordinary	CFD	reducing a short position	5,852	5.0400 GBP
10p ordinary	CFD	reducing a short position	76	5.0400 GBP
10p ordinary	CFD	reducing a short position	1,251	5.0400 GBP
10p ordinary	CFD	reducing a short position	43,806	5.0409 GBP
10p ordinary	CFD	reducing a short position	26,173	5.0420 GBP
10p ordinary	CFD	reducing a short position	6,879	5.0460 GBP
10p ordinary	CFD	reducing a short position	1,608	5.0493 GBP
10p ordinary	CFD	reducing a short position	818	5.0527 GBP
10p ordinary	CFD	reducing a short position	86	5.0527 GBP
10p ordinary	CFD	reducing a short position	22,384	5.0547 GBP
10p ordinary	CFD	reducing a short position	49,364	5.0670 GBP
10p ordinary	CFD	reducing a short position	4,656	5.0672 GBP
10p ordinary	CFD	reducing a short position	3,066	5.0745 GBP
10p ordinary	CFD	reducing a short position	4,991	5.0748 GBP
10p ordinary	CFD	reducing a short position	6,861	5.0790 GBP
10p ordinary	CFD	reducing a short position	269	5.0865 GBP
10p ordinary	CFD	reducing a short position	20,115	5.0924 GBP
10p ordinary	CFD	reducing a short position	29,631	5.0927 GBP
10p ordinary	CFD	reducing a short position	21,741	5.0930 GBP
10p ordinary	CFD	reducing a short position	1,436	5.0932 GBP
10p ordinary	CFD	reducing a short position	4,227	5.0941 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:	09 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