Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc
09 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:

08 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

1,324,811

5.0820 GBP

5.0194 GBP

10p ordinary

SALES

1,079,031

5.0820 GBP

5.0200 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

24,994

5.0270 GBP

10p ordinary

CFD

increasing a long position

65

5.0300 GBP

10p ordinary

CFD

increasing a long position

10,677

5.0351 GBP

10p ordinary

CFD

increasing a long position

13,091

5.0380 GBP

10p ordinary

CFD

increasing a long position

2,128

5.0411 GBP

10p ordinary

CFD

increasing a long position

9,674

5.0437 GBP

10p ordinary

CFD

increasing a long position

593

5.0445 GBP

10p ordinary

CFD

increasing a long position

2,271

5.0462 GBP

10p ordinary

CFD

increasing a long position

6,044

5.0508 GBP

10p ordinary

CFD

increasing a long position

1,893

5.0763 GBP

10p ordinary

CFD

increasing a short position

263

5.0259 GBP

10p ordinary

CFD

increasing a short position

442

5.0260 GBP

10p ordinary

CFD

increasing a short position

3,818

5.0353 GBP

10p ordinary

CFD

increasing a short position

6,736

5.0359 GBP

10p ordinary

CFD

increasing a short position

106,286

5.0366 GBP

10p ordinary

CFD

increasing a short position

159

5.0380 GBP

10p ordinary

CFD

increasing a short position

484

5.0380 GBP

10p ordinary

CFD

increasing a short position

6,950

5.0380 GBP

10p ordinary

CFD

increasing a short position

5,461

5.0387 GBP

10p ordinary

CFD

increasing a short position

31,579

5.0403 GBP

10p ordinary

CFD

increasing a short position

1,408

5.0413 GBP

10p ordinary

CFD

increasing a short position

584

5.0415 GBP

10p ordinary

CFD

increasing a short position

27

5.0424 GBP

10p ordinary

CFD

increasing a short position

2,597

5.0429 GBP

10p ordinary

CFD

increasing a short position

59

5.0430 GBP

10p ordinary

CFD

increasing a short position

3,484

5.0458 GBP

10p ordinary

CFD

increasing a short position

28,354

5.0474 GBP

10p ordinary

CFD

increasing a short position

100,000

5.0475 GBP

10p ordinary

CFD

increasing a short position

1,098

5.0500 GBP

10p ordinary

CFD

increasing a short position

3,079

5.0540 GBP

10p ordinary

CFD

reducing a long position

9,257

5.0281 GBP

10p ordinary

CFD

reducing a long position

5,934

5.0366 GBP

10p ordinary

CFD

reducing a long position

1,400

5.0380 GBP

10p ordinary

CFD

reducing a long position

9,186

5.0380 GBP

10p ordinary

CFD

reducing a long position

65

5.0380 GBP

10p ordinary

CFD

reducing a long position

12,881

5.0381 GBP

10p ordinary

CFD

reducing a long position

4,351

5.0398 GBP

10p ordinary

CFD

reducing a long position

234

5.0398 GBP

10p ordinary

CFD

reducing a long position

25,104

5.0403 GBP

10p ordinary

CFD

reducing a long position

593

5.0427 GBP

10p ordinary

CFD

reducing a long position

7,706

5.0474 GBP

10p ordinary

CFD

reducing a long position

3,625

5.0481 GBP

10p ordinary

CFD

reducing a long position

132,488

5.0578 GBP

10p ordinary

CFD

reducing a long position

1,893

5.0653 GBP

10p ordinary

CFD

reducing a short position

4,998

5.0291 GBP

10p ordinary

CFD

reducing a short position

5,202

5.0326 GBP

10p ordinary

CFD

reducing a short position

3,040

5.0352 GBP

10p ordinary

CFD

reducing a short position

5,744

5.0372 GBP

10p ordinary

CFD

reducing a short position

5,576

5.0372 GBP

10p ordinary

CFD

reducing a short position

703

5.0376 GBP

10p ordinary

CFD

reducing a short position

16,066

5.0380 GBP

10p ordinary

CFD

reducing a short position

3,560

5.0380 GBP

10p ordinary

CFD

reducing a short position

765

5.0380 GBP

10p ordinary

CFD

reducing a short position

1,641

5.0380 GBP

10p ordinary

CFD

reducing a short position

2,859

5.0380 GBP

10p ordinary

CFD

reducing a short position

2,706

5.0394 GBP

10p ordinary

CFD

reducing a short position

46,663

5.0404 GBP

10p ordinary

CFD

reducing a short position

2,090

5.0408 GBP

10p ordinary

CFD

reducing a short position

46,400

5.0408 GBP

10p ordinary

CFD

reducing a short position

19,652

5.0408 GBP

10p ordinary

CFD

reducing a short position

28,354

5.0462 GBP

10p ordinary

CFD

reducing a short position

3,536

5.0465 GBP

10p ordinary

CFD

reducing a short position

20,713

5.0519 GBP

10p ordinary

CFD

reducing a short position

726

5.0520 GBP

10p ordinary

CFD

reducing a short position

627

5.0567 GBP

10p ordinary

CFD

reducing a short position

948

5.0683 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:

+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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