Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
10 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:

09 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

 

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

729,092

5.0940 GBP

4.9070 GBP

10p ordinary

SALES

624,920

5.0943 GBP

4.9070 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

3,500

4.9350 GBP

10p ordinary

CFD

increasing a long position

52,868

4.9421 GBP

10p ordinary

CFD

increasing a long position

3,790

4.9516 GBP

10p ordinary

CFD

increasing a long position

5,022

5.0310 GBP

10p ordinary

CFD

increasing a long position

12,028

5.0408 GBP

10p ordinary

CFD

increasing a long position

271

5.0940 GBP

10p ordinary

CFD

increasing a long position

565

5.0940 GBP

10p ordinary

CFD

increasing a short position

116

4.9073 GBP

10p ordinary

CFD

increasing a short position

240

4.9074 GBP

10p ordinary

CFD

increasing a short position

1,144

4.9120 GBP

10p ordinary

CFD

increasing a short position

2,158

4.9120 GBP

10p ordinary

CFD

increasing a short position

148

4.9120 GBP

10p ordinary

CFD

increasing a short position

97,453

4.9120 GBP

10p ordinary

CFD

increasing a short position

2,896

4.9121 GBP

10p ordinary

CFD

increasing a short position

29,231

4.9122 GBP

10p ordinary

CFD

increasing a short position

2,138

4.9123 GBP

10p ordinary

CFD

increasing a short position

1,025

4.9123 GBP

10p ordinary

CFD

increasing a short position

5,170

4.9141 GBP

10p ordinary

CFD

increasing a short position

2,669

4.9155 GBP

10p ordinary

CFD

increasing a short position

1,112

4.9273 GBP

10p ordinary

CFD

increasing a short position

3,940

4.9328 GBP

10p ordinary

CFD

increasing a short position

3,829

4.9352 GBP

10p ordinary

CFD

increasing a short position

407

4.9352 GBP

10p ordinary

CFD

increasing a short position

53,478

4.9354 GBP

10p ordinary

CFD

increasing a short position

16,065

4.9412 GBP

10p ordinary

CFD

increasing a short position

183

4.9537 GBP

10p ordinary

CFD

increasing a short position

3,561

4.9601 GBP

10p ordinary

CFD

increasing a short position

4,691

4.9607 GBP

10p ordinary

CFD

increasing a short position

25,067

4.9805 GBP

10p ordinary

CFD

increasing a short position

4,848

5.0050 GBP

10p ordinary

CFD

increasing a short position

775

5.0386 GBP

10p ordinary

CFD

reducing a long position

4,528

4.9088 GBP

10p ordinary

CFD

reducing a long position

2,271

4.9120 GBP

10p ordinary

CFD

reducing a long position

97

4.9120 GBP

10p ordinary

CFD

reducing a long position

2,518

4.9120 GBP

10p ordinary

CFD

reducing a long position

565

4.9120 GBP

10p ordinary

CFD

reducing a long position

13,102

4.9120 GBP

10p ordinary

CFD

reducing a long position

206

4.9121 GBP

10p ordinary

CFD

reducing a long position

6,046

4.9251 GBP

10p ordinary

CFD

reducing a long position

12,597

4.9273 GBP

10p ordinary

CFD

reducing a long position

7,294

4.9332 GBP

10p ordinary

CFD

reducing a long position

2,515

4.9520 GBP

10p ordinary

CFD

reducing a long position

2,119

4.9900 GBP

10p ordinary

CFD

reducing a short position

5,305

4.9116 GBP

10p ordinary

CFD

reducing a short position

4,546

4.9120 GBP

10p ordinary

CFD

reducing a short position

1,600

4.9120 GBP

10p ordinary

CFD

reducing a short position

15,400

4.9120 GBP

10p ordinary

CFD

reducing a short position

217

4.9120 GBP

10p ordinary

CFD

reducing a short position

746

4.9141 GBP

10p ordinary

CFD

reducing a short position

885

4.9215 GBP

10p ordinary

CFD

reducing a short position

40,570

4.9318 GBP

10p ordinary

CFD

reducing a short position

6,167

4.9332 GBP

10p ordinary

CFD

reducing a short position

58,360

4.9346 GBP

10p ordinary

CFD

reducing a short position

82,387

4.9448 GBP

10p ordinary

CFD

reducing a short position

1,195

4.9459 GBP

10p ordinary

CFD

reducing a short position

11,200

4.9499 GBP

10p ordinary

CFD

reducing a short position

131

4.9503 GBP

10p ordinary

CFD

reducing a short position

303

4.9538 GBP

10p ordinary

CFD

reducing a short position

664

4.9635 GBP

10p ordinary

CFD

reducing a short position

4,848

4.9904 GBP

10p ordinary

CFD

reducing a short position

9

5.0078 GBP

10p ordinary

CFD

reducing a short position

1,668

5.0125 GBP

10p ordinary

CFD

reducing a short position

28,177

5.0277 GBP

10p ordinary

CFD

reducing a short position

1,144

5.0310 GBP

10p ordinary

CFD

reducing a short position

775

5.0408 GBP

10p ordinary

CFD

reducing a short position

100

5.0436 GBP

10p ordinary

CFD

reducing a short position

3

5.0447 GBP

10p ordinary

CFD

reducing a short position

1,124

5.0494 GBP

10p ordinary

CFD

reducing a short position

1,294

5.0524 GBP

10p ordinary

CFD

reducing a short position

2,350

5.0621 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:

10 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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