Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc

09 July 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:	03 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	PURCHASES	1,049,210	4.8770 GBP	4.8200 GBP
10p ordinary	SALES	796,464	4.8815 GBP	4.8220 GBP
10p ordinary	SALES	3,750	5.7515 EUR	5.7515 EUR
10p ordinary	PURCHASES	2,022	6.2147 USD	6.2147 USD

(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	180	4.8360 GBP
10p ordinary	CFD	increasing a long position	919	4.8360 GBP
10p ordinary	CFD	increasing a long position	29,041	4.8577 GBP
10p ordinary	CFD	increasing a long position	192	4.8626 GBP
10p ordinary	CFD	increasing a long position	14,281	4.8654 GBP
10p ordinary	CFD	increasing a long position	1,700	4.8700 GBP
10p ordinary	CFD	increasing a short position	584	4.8509 GBP
10p ordinary	CFD	increasing a short position	30,333	4.8520 GBP
10p ordinary	CFD	increasing a short position	55,401	4.8521 GBP
10p ordinary	CFD	increasing a short position	39,648	4.8556 GBP
10p ordinary	CFD	increasing a short position	2,037	4.8558 GBP
10p ordinary	CFD	increasing a short position	135	4.8573 GBP
10p ordinary	CFD	increasing a short position	3,297	4.8607 GBP
10p ordinary	CFD	increasing a short position	436	4.8623 GBP
10p ordinary	CFD	increasing a short position	26,560	4.8630 GBP
10p ordinary	CFD	increasing a short position	405	4.8642 GBP
10p ordinary	CFD	increasing a short position	5,295	4.8700 GBP
10p ordinary	CFD	increasing a short position	56,627	4.8700 GBP
10p ordinary	CFD	increasing a short position	492	4.8700 GBP
10p ordinary	CFD	increasing a short position	17	4.8702 GBP
10p ordinary	CFD	increasing a short position	149,040	4.8708 GBP
10p ordinary	CFD	reducing a long position	919	4.8273 GBP
10p ordinary	CFD	reducing a long position	3,232	4.8491 GBP
10p ordinary	CFD	reducing a long position	29,041	4.8592 GBP
10p ordinary	CFD	reducing a long position	7,161	4.8604 GBP
10p ordinary	CFD	reducing a long position	6,447	4.8622 GBP
10p ordinary	CFD	reducing a long position	2,442	4.8642 GBP
10p ordinary	CFD	reducing a long position	2,757	4.8671 GBP
10p ordinary	CFD	reducing a long position	2,022	4.8700 GBP
10p ordinary	CFD	reducing a long position	180	4.8700 GBP
10p ordinary	CFD	reducing a long position	20	4.8705 GBP
10p ordinary	CFD	reducing a short position	4,159	4.8427 GBP
10p ordinary	CFD	reducing a short position	1,966	4.8428 GBP
10p ordinary	CFD	reducing a short position	30,670	4.8477 GBP
10p ordinary	CFD	reducing a short position	234	4.8573 GBP
10p ordinary	CFD	reducing a short position	2,203	4.8573 GBP
10p ordinary	CFD	reducing a short position	76	4.8589 GBP
10p ordinary	CFD	reducing a short position	3,766	4.8589 GBP
10p ordinary	CFD	reducing a short position	3,736	4.8625 GBP
10p ordinary	CFD	reducing a short position	11,300	4.8628 GBP
10p ordinary	CFD	reducing a short position	33,840	4.8638 GBP
10p ordinary	CFD	reducing a short position	2,136	4.8644 GBP
10p ordinary	CFD	reducing a short position	22,500	4.8652 GBP
10p ordinary	CFD	reducing a short position	1,411	4.8656 GBP
10p ordinary	CFD	reducing a short position	11,816	4.8658 GBP
10p ordinary	CFD	reducing a short position	188	4.8664 GBP
10p ordinary	CFD	reducing a short position	3,750	4.8665 GBP
10p ordinary	CFD	reducing a short position	36	4.8700 GBP
10p ordinary	CFD	reducing a short position	102	4.8700 GBP
10p ordinary	CFD	reducing a short position	935	4.8700 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