Form 8.5 (EPT/RI)-Barratt Developments plc

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

02 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

794,643

4.8485 GBP

4.7468 GBP

10p ordinary

SALES

867,103

4.8500 GBP

4.7450 GBP

 

(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

3,761

4.7450 GBP

10p ordinary

CFD

increasing a long position

1

4.7790 GBP

10p ordinary

CFD

increasing a long position

2

4.7880 GBP

10p ordinary

CFD

increasing a long position

4,690

4.7893 GBP

10p ordinary

CFD

increasing a long position

23,645

4.7926 GBP

10p ordinary

CFD

increasing a long position

23

4.7943 GBP

10p ordinary

CFD

increasing a long position

3,125

4.8140 GBP

10p ordinary

CFD

increasing a long position

148

4.8200 GBP

10p ordinary

CFD

increasing a short position

1,411

4.7665 GBP

10p ordinary

CFD

increasing a short position

90

4.7681 GBP

10p ordinary

CFD

increasing a short position

3,193

4.7790 GBP

10p ordinary

CFD

increasing a short position

1,488

4.7790 GBP

10p ordinary

CFD

increasing a short position

478

4.7790 GBP

10p ordinary

CFD

increasing a short position

24,252

4.7791 GBP

10p ordinary

CFD

increasing a short position

743

4.7800 GBP

10p ordinary

CFD

increasing a short position

47,881

4.7883 GBP

10p ordinary

CFD

increasing a short position

493

4.7931 GBP

10p ordinary

CFD

increasing a short position

3,980

4.7943 GBP

10p ordinary

CFD

increasing a short position

14,275

4.8049 GBP

10p ordinary

CFD

increasing a short position

63,968

4.8094 GBP

10p ordinary

CFD

increasing a short position

786

4.8208 GBP

10p ordinary

CFD

increasing a short position

372

4.8208 GBP

10p ordinary

CFD

increasing a short position

311

4.8256 GBP

10p ordinary

CFD

reducing a long position

389

4.7550 GBP

10p ordinary

CFD

reducing a long position

1,689

4.7790 GBP

10p ordinary

CFD

reducing a long position

4,416

4.7790 GBP

10p ordinary

CFD

reducing a long position

3

4.7790 GBP

10p ordinary

CFD

reducing a long position

3,761

4.7791 GBP

10p ordinary

CFD

reducing a long position

3,125

4.7967 GBP

10p ordinary

CFD

reducing a long position

338

4.8021 GBP

10p ordinary

CFD

reducing a long position

3,876

4.8061 GBP

10p ordinary

CFD

reducing a long position

24,571

4.8135 GBP

10p ordinary

CFD

reducing a long position

148

4.8139 GBP

10p ordinary

CFD

reducing a long position

6,700

4.8162 GBP

10p ordinary

CFD

reducing a long position

23

4.8256 GBP

10p ordinary

CFD

reducing a short position

633

4.7450 GBP

10p ordinary

CFD

reducing a short position

311

4.7790 GBP

10p ordinary

CFD

reducing a short position

1,941

4.7790 GBP

10p ordinary

CFD

reducing a short position

1,600

4.7790 GBP

10p ordinary

CFD

reducing a short position

330

4.7790 GBP

10p ordinary

CFD

reducing a short position

742

4.7790 GBP

10p ordinary

CFD

reducing a short position

6,937

4.7806 GBP

10p ordinary

CFD

reducing a short position

5,881

4.7915 GBP

10p ordinary

CFD

reducing a short position

35

4.7918 GBP

10p ordinary

CFD

reducing a short position

20,565

4.7928 GBP

10p ordinary

CFD

reducing a short position

33

4.7933 GBP

10p ordinary

CFD

reducing a short position

215

4.7933 GBP

10p ordinary

CFD

reducing a short position

11,013

4.7933 GBP

10p ordinary

CFD

reducing a short position

67

4.7933 GBP

10p ordinary

CFD

reducing a short position

3,687

4.8027 GBP

10p ordinary

CFD

reducing a short position

9,361

4.8058 GBP

10p ordinary

CFD

reducing a short position

996

4.8058 GBP

10p ordinary

CFD

reducing a short position

2,367

4.8097 GBP

10p ordinary

CFD

reducing a short position

85,925

4.8103 GBP

10p ordinary

CFD

reducing a short position

3,347

4.8116 GBP

10p ordinary

CFD

reducing a short position

17,697

4.8226 GBP

10p ordinary

CFD

reducing a short position

7,071

4.8267 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 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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END
 
 
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