Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc

20 February 2024

 

AMENDMENT(2(a), 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:	16 February 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	1,838,633	4.7870 GBP	4.7116 GBP
10p ordinary	PURCHASES	2,012,497	4.7950 GBP	4.7090 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	144,000	4.7122 GBP
10p ordinary	CFD	increasing a long position	36	4.7260 GBP
10p ordinary	CFD	increasing a long position	14,744	4.7431 GBP
10p ordinary	CFD	increasing a long position	273,256	4.7472 GBP
10p ordinary	CFD	increasing a long position	30,963	4.7476 GBP
10p ordinary	CFD	increasing a long position	3,719	4.7476 GBP
10p ordinary	CFD	increasing a long position	144,000	4.7541 GBP
10p ordinary	CFD	increasing a long position	4,644	4.7555 GBP
10p ordinary	CFD	increasing a long position	2,879,864	4.7580 GBP
10p ordinary	CFD	increasing a long position	1,865	4.7602 GBP
10p ordinary	CFD	increasing a long position	144,000	4.7658 GBP
10p ordinary	CFD	increasing a long position	3,869	4.7669 GBP
10p ordinary	CFD	increasing a long position	4,573	4.7745 GBP
10p ordinary	CFD	increasing a long position	144,000	4.7751 GBP
10p ordinary	CFD	increasing a long position	57	4.7782 GBP
10p ordinary	CFD	increasing a long position	76,728	4.7794 GBP
10p ordinary	CFD	increasing a long position	10,818	4.7799 GBP
10p ordinary	CFD	increasing a long position	294	4.7800 GBP
10p ordinary	CFD	increasing a long position	9,061	4.7805 GBP
10p ordinary	CFD	increasing a long position	6,465	4.7818 GBP
10p ordinary	CFD	increasing a short position	14,164	4.7312 GBP
10p ordinary	CFD	increasing a short position	4,945	4.7376 GBP
10p ordinary	CFD	increasing a short position	2,181	4.7376 GBP
10p ordinary	CFD	increasing a short position	313	4.7440 GBP
10p ordinary	CFD	increasing a short position	108	4.7474 GBP
10p ordinary	CFD	increasing a short position	788	4.7475 GBP
10p ordinary	CFD	increasing a short position	1,683	4.7483 GBP
10p ordinary	CFD	increasing a short position	18,535	4.7506 GBP
10p ordinary	CFD	increasing a short position	4,442	4.7536 GBP
10p ordinary	CFD	increasing a short position	366	4.7539 GBP
10p ordinary	CFD	increasing a short position	10,115	4.7549 GBP
10p ordinary	CFD	increasing a short position	2,650	4.7550 GBP
10p ordinary	CFD	increasing a short position	11,965	4.7568 GBP
10p ordinary	CFD	increasing a short position	1,104	4.7573 GBP
10p ordinary	CFD	increasing a short position	9,524	4.7573 GBP
10p ordinary	CFD	increasing a short position	208	4.7580 GBP
10p ordinary	CFD	increasing a short position	15	4.7580 GBP
10p ordinary	CFD	increasing a short position	1,758	4.7600 GBP
10p ordinary	CFD	increasing a short position	363	4.7668 GBP
10p ordinary	CFD	increasing a short position	255	4.7669 GBP
10p ordinary	CFD	increasing a short position	13,786	4.7751 GBP
10p ordinary	CFD	increasing a short position	8,614	4.7760 GBP
10p ordinary	CFD	increasing a short position	60,270	4.7799 GBP
10p ordinary	CFD	increasing a short position	7,296	4.7800 GBP
10p ordinary	CFD	increasing a short position	28,640	4.7801 GBP
10p ordinary	CFD	increasing a short position	21,800	4.7804 GBP
10p ordinary	CFD	reducing a long position	26,107	4.7320 GBP
10p ordinary	CFD	reducing a long position	4	4.7398 GBP
10p ordinary	CFD	reducing a long position	4,182	4.7517 GBP
10p ordinary	CFD	reducing a long position	21,108	4.7537 GBP
10p ordinary	CFD	reducing a long position	5,035	4.7568 GBP
10p ordinary	CFD	reducing a long position	2,879,864	4.7580 GBP
10p ordinary	CFD	reducing a long position	285	4.7580 GBP
10p ordinary	CFD	reducing a long position	36	4.7580 GBP
10p ordinary	CFD	reducing a long position	294	4.7580 GBP
10p ordinary	CFD	reducing a long position	30,005	4.7600 GBP
10p ordinary	CFD	reducing a long position	12,027	4.7613 GBP
10p ordinary	CFD	reducing a long position	47,200	4.7644 GBP
10p ordinary	CFD	reducing a long position	17,085	4.7690 GBP
10p ordinary	CFD	reducing a long position	10,885	4.7713 GBP
10p ordinary	CFD	reducing a long position	17,437	4.7731 GBP
10p ordinary	CFD	reducing a long position	11,102	4.7757 GBP
10p ordinary	CFD	reducing a long position	20,490	4.7761 GBP
10p ordinary	CFD	reducing a long position	21,600	4.7800 GBP
10p ordinary	CFD	reducing a long position	10,045	4.7800 GBP
10p ordinary	CFD	reducing a long position	3,058	4.7800 GBP
10p ordinary	CFD	reducing a long position	20,374	4.7814 GBP
10p ordinary	CFD	reducing a long position	1,189	4.7815 GBP
10p ordinary	CFD	reducing a long position	69	4.7821 GBP
10p ordinary	CFD	reducing a short position	1,847	4.7260 GBP
10p ordinary	CFD	reducing a short position	1	4.7275 GBP
10p ordinary	CFD	reducing a short position	313	4.7419 GBP
10p ordinary	CFD	reducing a short position	4,442	4.7439 GBP
10p ordinary	CFD	reducing a short position	8	4.7575 GBP
10p ordinary	CFD	reducing a short position	50	4.7590 GBP
10p ordinary	CFD	reducing a short position	114	4.7591 GBP
10p ordinary	CFD	reducing a short position	366	4.7614 GBP
10p ordinary	CFD	reducing a short position	9,054	4.7638 GBP
10p ordinary	CFD	reducing a short position	12,882	4.7771 GBP
10p ordinary	CFD	reducing a short position	8,000	4.7796 GBP
10p ordinary	CFD	reducing a short position	85,422	4.7799 GBP
10p ordinary	CFD	reducing a short position	8,221	4.7800 GBP
10p ordinary	CFD	reducing a short position	15	4.7800 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:	20 February 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