Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc
24 June 2024
 

AMENDMENT(2(a))

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:

20 June 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

877,646

4.7800 GBP

4.7000 GBP

10p ordinary

PURCHASES

855,049

4.7860 GBP

4.7000 GBP

10p ordinary

PURCHASES

10,436

5.6389 EUR

5.6389 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

3,764

4.7541 GBP

10p ordinary

CFD

increasing a long position

1,856

4.7620 GBP

10p ordinary

CFD

increasing a long position

2

4.7620 GBP

10p ordinary

CFD

increasing a long position

3,628

4.7622 GBP

10p ordinary

CFD

increasing a long position

2,600

4.7626 GBP

10p ordinary

CFD

increasing a long position

11,754

4.7658 GBP

10p ordinary

CFD

increasing a long position

44

4.7688 GBP

10p ordinary

CFD

increasing a short position

1,363

4.7393 GBP

10p ordinary

CFD

increasing a short position

358

4.7480 GBP

10p ordinary

CFD

increasing a short position

142

4.7499 GBP

10p ordinary

CFD

increasing a short position

7,648

4.7519 GBP

10p ordinary

CFD

increasing a short position

4,844

4.7553 GBP

10p ordinary

CFD

increasing a short position

344

4.7578 GBP

10p ordinary

CFD

increasing a short position

60,004

4.7588 GBP

10p ordinary

CFD

increasing a short position

426

4.7604 GBP

10p ordinary

CFD

increasing a short position

334

4.7604 GBP

10p ordinary

CFD

increasing a short position

12,400

4.7607 GBP

10p ordinary

CFD

increasing a short position

38,231

4.7607 GBP

10p ordinary

CFD

increasing a short position

2,230

4.7623 GBP

10p ordinary

CFD

increasing a short position

11,643

4.7625 GBP

10p ordinary

CFD

increasing a short position

9,294

4.7644 GBP

10p ordinary

CFD

increasing a short position

2,952

4.7645 GBP

10p ordinary

CFD

increasing a short position

6,863

4.7646 GBP

10p ordinary

CFD

increasing a short position

44,088

4.7652 GBP

10p ordinary

CFD

increasing a short position

8,460

4.7654 GBP

10p ordinary

CFD

increasing a short position

10,436

4.7675 GBP

10p ordinary

CFD

increasing a short position

11,626

4.7680 GBP

10p ordinary

CFD

increasing a short position

38

4.7680 GBP

10p ordinary

CFD

increasing a short position

1,039

4.7680 GBP

10p ordinary

CFD

increasing a short position

3

4.7680 GBP

10p ordinary

CFD

increasing a short position

330

4.7683 GBP

10p ordinary

CFD

reducing a long position

7,322

4.7595 GBP

10p ordinary

CFD

reducing a long position

691

4.7607 GBP

10p ordinary

CFD

reducing a long position

1,932

4.7612 GBP

10p ordinary

CFD

reducing a long position

2,600

4.7625 GBP

10p ordinary

CFD

reducing a long position

1,815

4.7639 GBP

10p ordinary

CFD

reducing a long position

2,188

4.7652 GBP

10p ordinary

CFD

reducing a long position

2

4.7654 GBP

10p ordinary

CFD

reducing a long position

42,853

4.7672 GBP

10p ordinary

CFD

reducing a long position

1,893

4.7680 GBP

10p ordinary

CFD

reducing a long position

17,707

4.7680 GBP

10p ordinary

CFD

reducing a long position

2,406

4.7680 GBP

10p ordinary

CFD

reducing a short position

1,363

4.7379 GBP

10p ordinary

CFD

reducing a short position

411

4.7463 GBP

10p ordinary

CFD

reducing a short position

870

4.7515 GBP

10p ordinary

CFD

reducing a short position

7,642

4.7515 GBP

10p ordinary

CFD

reducing a short position

4,844

4.7516 GBP

10p ordinary

CFD

reducing a short position

32,886

4.7565 GBP

10p ordinary

CFD

reducing a short position

56,675

4.7576 GBP

10p ordinary

CFD

reducing a short position

17,430

4.7621 GBP

10p ordinary

CFD

reducing a short position

44,200

4.7627 GBP

10p ordinary

CFD

reducing a short position

9,294

4.7636 GBP

10p ordinary

CFD

reducing a short position

110

4.7640 GBP

10p ordinary

CFD

reducing a short position

13,710

4.7645 GBP

10p ordinary

CFD

reducing a short position

7,084

4.7648 GBP

10p ordinary

CFD

reducing a short position

118,518

4.7660 GBP

10p ordinary

CFD

reducing a short position

7,552

4.7675 GBP

10p ordinary

CFD

reducing a short position

193

4.7676 GBP

10p ordinary

CFD

reducing a short position

37

4.7676 GBP

10p ordinary

CFD

reducing a short position

12,689

4.7676 GBP

10p ordinary

CFD

reducing a short position

72

4.7676 GBP

10p ordinary

CFD

reducing a short position

798

4.7680 GBP

10p ordinary

CFD

reducing a short position

105

4.7683 GBP

10p ordinary

CFD

reducing a short position

49

4.7685 GBP

10p ordinary

CFD

reducing a short position

4

4.7717 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 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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