Form 8.5 (EPT/RI)-Barratt Developments plc

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

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:

14 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

1,576,126

5.0200 GBP

4.8660 GBP

10p ordinary

SALES

2,020,540

5.0200 GBP

4.8650 GBP

10p ordinary

PURCHASES

8,352

5.7980 EUR

5.7980 EUR

10p ordinary

PURCHASES

20,024

6.1927 USD

6.1927 USD

10p ordinary

SALES

20,024

6.1927 USD

6.1927 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

402

4.8827 GBP

10p ordinary

CFD

increasing a long position

4,151

4.8889 GBP

10p ordinary

CFD

increasing a long position

71

4.8890 GBP

10p ordinary

CFD

increasing a long position

3,993

4.8890 GBP

10p ordinary

CFD

increasing a long position

8,704

4.8911 GBP

10p ordinary

CFD

increasing a long position

467

4.8911 GBP

10p ordinary

CFD

increasing a long position

4,873

4.8921 GBP

10p ordinary

CFD

increasing a long position

28,419

4.8934 GBP

10p ordinary

CFD

increasing a long position

11,858

4.8937 GBP

10p ordinary

CFD

increasing a long position

17,312

4.8980 GBP

10p ordinary

CFD

increasing a long position

28,636

4.9009 GBP

10p ordinary

CFD

increasing a long position

1,159

4.9044 GBP

10p ordinary

CFD

increasing a long position

3

4.9050 GBP

10p ordinary

CFD

increasing a long position

3

4.9060 GBP

10p ordinary

CFD

increasing a long position

2,240

4.9081 GBP

10p ordinary

CFD

increasing a long position

3,412

4.9115 GBP

10p ordinary

CFD

increasing a long position

32

4.9322 GBP

10p ordinary

CFD

increasing a long position

160,839

4.9325 GBP

10p ordinary

CFD

increasing a long position

8,283

4.9389 GBP

10p ordinary

CFD

increasing a long position

50

4.9670 GBP

10p ordinary

CFD

increasing a long position

1,677

4.9770 GBP

10p ordinary

CFD

increasing a short position

628

4.8888 GBP

10p ordinary

CFD

increasing a short position

973

4.8890 GBP

10p ordinary

CFD

increasing a short position

92,050

4.8890 GBP

10p ordinary

CFD

increasing a short position

322

4.8896 GBP

10p ordinary

CFD

increasing a short position

699

4.8896 GBP

10p ordinary

CFD

increasing a short position

414

4.8907 GBP

10p ordinary

CFD

increasing a short position

288,000

4.8925 GBP

10p ordinary

CFD

increasing a short position

167,040

4.9075 GBP

10p ordinary

CFD

increasing a short position

29,321

4.9097 GBP

10p ordinary

CFD

increasing a short position

43,688

4.9123 GBP

10p ordinary

CFD

increasing a short position

930

4.9189 GBP

10p ordinary

CFD

increasing a short position

2,800

4.9273 GBP

10p ordinary

CFD

increasing a short position

1,700

4.9311 GBP

10p ordinary

CFD

increasing a short position

1,375

4.9381 GBP

10p ordinary

CFD

increasing a short position

448

4.9476 GBP

10p ordinary

CFD

increasing a short position

27,612

4.9495 GBP

10p ordinary

CFD

increasing a short position

8,640

4.9562 GBP

10p ordinary

CFD

reducing a long position

5,152

4.8890 GBP

10p ordinary

CFD

reducing a long position

10,227

4.8890 GBP

10p ordinary

CFD

reducing a long position

17,953

4.8900 GBP

10p ordinary

CFD

reducing a long position

8,352

4.8914 GBP

10p ordinary

CFD

reducing a long position

73

4.9034 GBP

10p ordinary

CFD

reducing a long position

1

4.9080 GBP

10p ordinary

CFD

reducing a long position

13,622

4.9118 GBP

10p ordinary

CFD

reducing a long position

3

4.9130 GBP

10p ordinary

CFD

reducing a long position

2

4.9140 GBP

10p ordinary

CFD

reducing a long position

16,522

4.9157 GBP

10p ordinary

CFD

reducing a long position

32

4.9169 GBP

10p ordinary

CFD

reducing a long position

116

4.9213 GBP

10p ordinary

CFD

reducing a long position

8,283

4.9413 GBP

10p ordinary

CFD

reducing a long position

7,540

4.9476 GBP

10p ordinary

CFD

reducing a long position

1

4.9600 GBP

10p ordinary

CFD

reducing a short position

577

4.8889 GBP

10p ordinary

CFD

reducing a short position

114

4.8890 GBP

10p ordinary

CFD

reducing a short position

158

4.8890 GBP

10p ordinary

CFD

reducing a short position

453

4.8890 GBP

10p ordinary

CFD

reducing a short position

2,388

4.8890 GBP

10p ordinary

CFD

reducing a short position

23,943

4.8946 GBP

10p ordinary

CFD

reducing a short position

18,693

4.8973 GBP

10p ordinary

CFD

reducing a short position

1,456

4.8998 GBP

10p ordinary

CFD

reducing a short position

900

4.9002 GBP

10p ordinary

CFD

reducing a short position

250,000

4.9015 GBP

10p ordinary

CFD

reducing a short position

16,916

4.9017 GBP

10p ordinary

CFD

reducing a short position

701

4.9052 GBP

10p ordinary

CFD

reducing a short position

30,800

4.9080 GBP

10p ordinary

CFD

reducing a short position

600

4.9100 GBP

10p ordinary

CFD

reducing a short position

448

4.9115 GBP

10p ordinary

CFD

reducing a short position

1,359

4.9138 GBP

10p ordinary

CFD

reducing a short position

26,895

4.9170 GBP

10p ordinary

CFD

reducing a short position

6,130

4.9346 GBP

10p ordinary

CFD

reducing a short position

146

4.9346 GBP

10p ordinary

CFD

reducing a short position

22

4.9346 GBP

10p ordinary

CFD

reducing a short position

38

4.9346 GBP

10p ordinary

CFD

reducing a short position

1,078

4.9518 GBP

10p ordinary

CFD

reducing a short position

129

4.9801 GBP

10p ordinary

CFD

reducing a short position

1,129

4.9801 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:

17 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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