Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc
02 July 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:

28 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

PURCHASES

1,529,292

4.7730 GBP

4.6955 GBP

10p ordinary

SALES

1,748,704

4.7780 GBP

4.6970 GBP

10p ordinary

SALES

18,896

5.5668 EUR

5.5668 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

90

4.7090 GBP

10p ordinary

CFD

increasing a long position

3,262

4.7220 GBP

10p ordinary

CFD

increasing a long position

1,270

4.7220 GBP

10p ordinary

CFD

increasing a long position

31,057

4.7343 GBP

10p ordinary

CFD

increasing a long position

5,799

4.7358 GBP

10p ordinary

CFD

increasing a long position

7,160

4.7432 GBP

10p ordinary

CFD

increasing a long position

1,949

4.7480 GBP

10p ordinary

CFD

increasing a short position

10,219

4.7205 GBP

10p ordinary

CFD

increasing a short position

334

4.7220 GBP

10p ordinary

CFD

increasing a short position

19,832

4.7220 GBP

10p ordinary

CFD

increasing a short position

3,529

4.7220 GBP

10p ordinary

CFD

increasing a short position

5

4.7220 GBP

10p ordinary

CFD

increasing a short position

19

4.7220 GBP

10p ordinary

CFD

increasing a short position

6,751

4.7220 GBP

10p ordinary

CFD

increasing a short position

488

4.7220 GBP

10p ordinary

CFD

increasing a short position

165

4.7220 GBP

10p ordinary

CFD

increasing a short position

1,455

4.7221 GBP

10p ordinary

CFD

increasing a short position

17,642

4.7242 GBP

10p ordinary

CFD

increasing a short position

198

4.7270 GBP

10p ordinary

CFD

increasing a short position

1,603

4.7272 GBP

10p ordinary

CFD

increasing a short position

26,107

4.7297 GBP

10p ordinary

CFD

increasing a short position

528

4.7305 GBP

10p ordinary

CFD

increasing a short position

15,039

4.7346 GBP

10p ordinary

CFD

increasing a short position

47

4.7370 GBP

10p ordinary

CFD

increasing a short position

1,795

4.7370 GBP

10p ordinary

CFD

increasing a short position

3,417

4.7463 GBP

10p ordinary

CFD

increasing a short position

288,000

4.7566 GBP

10p ordinary

CFD

reducing a long position

2,184

4.7167 GBP

10p ordinary

CFD

reducing a long position

2,269

4.7185 GBP

10p ordinary

CFD

reducing a long position

5,425

4.7216 GBP

10p ordinary

CFD

reducing a long position

651

4.7220 GBP

10p ordinary

CFD

reducing a long position

6,773

4.7220 GBP

10p ordinary

CFD

reducing a long position

43,397

4.7221 GBP

10p ordinary

CFD

reducing a long position

416

4.7273 GBP

10p ordinary

CFD

reducing a long position

24,924

4.7286 GBP

10p ordinary

CFD

reducing a long position

14,500

4.7297 GBP

10p ordinary

CFD

reducing a long position

112

4.7351 GBP

10p ordinary

CFD

reducing a long position

1,270

4.7370 GBP

10p ordinary

CFD

reducing a long position

5,478

4.7464 GBP

10p ordinary

CFD

reducing a long position

474

4.7701 GBP

10p ordinary

CFD

reducing a short position

9,450

4.7193 GBP

10p ordinary

CFD

reducing a short position

18,896

4.7195 GBP

10p ordinary

CFD

reducing a short position

9,546

4.7220 GBP

10p ordinary

CFD

reducing a short position

2,865

4.7220 GBP

10p ordinary

CFD

reducing a short position

1,795

4.7220 GBP

10p ordinary

CFD

reducing a short position

5,396

4.7220 GBP

10p ordinary

CFD

reducing a short position

435,879

4.7220 GBP

10p ordinary

CFD

reducing a short position

56

4.7220 GBP

10p ordinary

CFD

reducing a short position

70,064

4.7221 GBP

10p ordinary

CFD

reducing a short position

4,977

4.7221 GBP

10p ordinary

CFD

reducing a short position

17,642

4.7230 GBP

10p ordinary

CFD

reducing a short position

36,948

4.7237 GBP

10p ordinary

CFD

reducing a short position

88,038

4.7246 GBP

10p ordinary

CFD

reducing a short position

1

4.7250 GBP

10p ordinary

CFD

reducing a short position

71

4.7254 GBP

10p ordinary

CFD

reducing a short position

222

4.7254 GBP

10p ordinary

CFD

reducing a short position

35

4.7254 GBP

10p ordinary

CFD

reducing a short position

11,176

4.7254 GBP

10p ordinary

CFD

reducing a short position

15,300

4.7258 GBP

10p ordinary

CFD

reducing a short position

73,200

4.7258 GBP

10p ordinary

CFD

reducing a short position

2,541

4.7281 GBP

10p ordinary

CFD

reducing a short position

25,052

4.7281 GBP

10p ordinary

CFD

reducing a short position

289

4.7281 GBP

10p ordinary

CFD

reducing a short position

2,406

4.7365 GBP

10p ordinary

CFD

reducing a short position

3,700

4.7446 GBP

10p ordinary

CFD

reducing a short position

2,800

4.7448 GBP

10p ordinary

CFD

reducing a short position

1,455

4.7489 GBP

10p ordinary

CFD

reducing a short position

3,417

4.7553 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:

02 July 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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