Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc
03 June 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:

30 May 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

836,873

5.0380 GBP

4.9250 GBP

10p ordinary

PURCHASES

1,258,615

5.0420 GBP

4.9248 GBP

10p ordinary

PURCHASES

5,623

5.9098 EUR

5.9098 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

2,094

5.0123 GBP

10p ordinary

CFD

increasing a long position

16,049

5.0183 GBP

10p ordinary

CFD

increasing a long position

122,453

5.0205 GBP

10p ordinary

CFD

increasing a long position

662

5.0218 GBP

10p ordinary

CFD

increasing a long position

29,270

5.0235 GBP

10p ordinary

CFD

increasing a long position

8,584

5.0241 GBP

10p ordinary

CFD

increasing a long position

24,154

5.0245 GBP

10p ordinary

CFD

increasing a long position

2,754

5.0253 GBP

10p ordinary

CFD

increasing a long position

10,252

5.0262 GBP

10p ordinary

CFD

increasing a long position

2,394

5.0265 GBP

10p ordinary

CFD

increasing a long position

16,770

5.0295 GBP

10p ordinary

CFD

increasing a long position

18,380

5.0300 GBP

10p ordinary

CFD

increasing a long position

114

5.0300 GBP

10p ordinary

CFD

increasing a long position

816

5.0300 GBP

10p ordinary

CFD

increasing a long position

6,853

5.0300 GBP

10p ordinary

CFD

increasing a long position

8,168

5.0300 GBP

10p ordinary

CFD

increasing a short position

138

5.0059 GBP

10p ordinary

CFD

increasing a short position

3

5.0220 GBP

10p ordinary

CFD

increasing a short position

7,958

5.0223 GBP

10p ordinary

CFD

increasing a short position

30,233

5.0236 GBP

10p ordinary

CFD

increasing a short position

683

5.0258 GBP

10p ordinary

CFD

increasing a short position

66

5.0260 GBP

10p ordinary

CFD

increasing a short position

13,645

5.0283 GBP

10p ordinary

CFD

increasing a short position

16,389

5.0284 GBP

10p ordinary

CFD

increasing a short position

5,623

5.0285 GBP

10p ordinary

CFD

increasing a short position

2,643

5.0287 GBP

10p ordinary

CFD

increasing a short position

118,257

5.0291 GBP

10p ordinary

CFD

increasing a short position

54

5.0300 GBP

10p ordinary

CFD

increasing a short position

772

5.0300 GBP

10p ordinary

CFD

increasing a short position

2,583

5.0300 GBP

10p ordinary

CFD

increasing a short position

20,025

5.0300 GBP

10p ordinary

CFD

increasing a short position

1,383

5.0305 GBP

10p ordinary

CFD

increasing a short position

1,789

5.0306 GBP

10p ordinary

CFD

reducing a long position

476,101

4.9250 GBP

10p ordinary

CFD

reducing a long position

233

4.9563 GBP

10p ordinary

CFD

reducing a long position

2,091

4.9696 GBP

10p ordinary

CFD

reducing a long position

12,587

4.9947 GBP

10p ordinary

CFD

reducing a long position

1

5.0200 GBP

10p ordinary

CFD

reducing a long position

3,572

5.0204 GBP

10p ordinary

CFD

reducing a long position

29,037

5.0223 GBP

10p ordinary

CFD

reducing a long position

2,150

5.0236 GBP

10p ordinary

CFD

reducing a long position

148

5.0259 GBP

10p ordinary

CFD

reducing a long position

1,294

5.0259 GBP

10p ordinary

CFD

reducing a long position

23,994

5.0283 GBP

10p ordinary

CFD

reducing a long position

16,089

5.0286 GBP

10p ordinary

CFD

reducing a long position

7,515

5.0300 GBP

10p ordinary

CFD

reducing a long position

1,000

5.0300 GBP

10p ordinary

CFD

reducing a long position

28,312

5.0300 GBP

10p ordinary

CFD

reducing a long position

765

5.0300 GBP

10p ordinary

CFD

reducing a long position

5,259

5.0310 GBP

10p ordinary

CFD

reducing a long position

73

5.0310 GBP

10p ordinary

CFD

reducing a short position

30,233

5.0123 GBP

10p ordinary

CFD

reducing a short position

22,213

5.0147 GBP

10p ordinary

CFD

reducing a short position

138

5.0151 GBP

10p ordinary

CFD

reducing a short position

1,800

5.0167 GBP

10p ordinary

CFD

reducing a short position

6,064

5.0171 GBP

10p ordinary

CFD

reducing a short position

1,500

5.0172 GBP

10p ordinary

CFD

reducing a short position

462

5.0173 GBP

10p ordinary

CFD

reducing a short position

1,308

5.0183 GBP

10p ordinary

CFD

reducing a short position

1,200

5.0187 GBP

10p ordinary

CFD

reducing a short position

13

5.0191 GBP

10p ordinary

CFD

reducing a short position

24

5.0192 GBP

10p ordinary

CFD

reducing a short position

1,164

5.0205 GBP

10p ordinary

CFD

reducing a short position

222

5.0219 GBP

10p ordinary

CFD

reducing a short position

80,500

5.0227 GBP

10p ordinary

CFD

reducing a short position

11,272

5.0235 GBP

10p ordinary

CFD

reducing a short position

6,794

5.0241 GBP

10p ordinary

CFD

reducing a short position

5,070

5.0292 GBP

10p ordinary

CFD

reducing a short position

683

5.0299 GBP

10p ordinary

CFD

reducing a short position

8,791

5.0300 GBP

10p ordinary

CFD

reducing a short position

734

5.0300 GBP

10p ordinary

CFD

reducing a short position

652

5.0300 GBP

10p ordinary

CFD

reducing a short position

192

5.0300 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:

03 June 2024

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

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 +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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