Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc
16 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:

15 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

793,532

4.9890 GBP

4.9100 GBP

10p ordinary

SALES

641,260

4.9960 GBP

4.9135 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

43,200

4.9378 GBP

10p ordinary

CFD

increasing a long position

5,794

4.9477 GBP

10p ordinary

CFD

increasing a long position

35,974

4.9484 GBP

10p ordinary

CFD

increasing a long position

16,153

4.9525 GBP

10p ordinary

CFD

increasing a long position

1,401

4.9589 GBP

10p ordinary

CFD

increasing a long position

3,481

4.9618 GBP

10p ordinary

CFD

increasing a long position

38,000

4.9632 GBP

10p ordinary

CFD

increasing a long position

32,118

4.9664 GBP

10p ordinary

CFD

increasing a long position

1

4.9680 GBP

10p ordinary

CFD

increasing a long position

5,139

4.9680 GBP

10p ordinary

CFD

increasing a long position

2,000

4.9684 GBP

10p ordinary

CFD

increasing a long position

726

4.9685 GBP

10p ordinary

CFD

increasing a long position

3,311

4.9818 GBP

10p ordinary

CFD

increasing a long position

1,294

4.9823 GBP

10p ordinary

CFD

increasing a long position

1,322

4.9883 GBP

10p ordinary

CFD

increasing a long position

1

4.9905 GBP

10p ordinary

CFD

increasing a short position

187

4.9379 GBP

10p ordinary

CFD

increasing a short position

717

4.9379 GBP

10p ordinary

CFD

increasing a short position

35,714

4.9513 GBP

10p ordinary

CFD

increasing a short position

11,580

4.9527 GBP

10p ordinary

CFD

increasing a short position

29,769

4.9573 GBP

10p ordinary

CFD

increasing a short position

25,950

4.9581 GBP

10p ordinary

CFD

increasing a short position

1,769

4.9590 GBP

10p ordinary

CFD

increasing a short position

3,129

4.9648 GBP

10p ordinary

CFD

increasing a short position

5,706

4.9670 GBP

10p ordinary

CFD

increasing a short position

3,134

4.9680 GBP

10p ordinary

CFD

increasing a short position

414

4.9680 GBP

10p ordinary

CFD

increasing a short position

60,231

4.9680 GBP

10p ordinary

CFD

increasing a short position

105

4.9681 GBP

10p ordinary

CFD

increasing a short position

2,209

4.9682 GBP

10p ordinary

CFD

increasing a short position

2,153

4.9690 GBP

10p ordinary

CFD

increasing a short position

377

4.9700 GBP

10p ordinary

CFD

increasing a short position

512

4.9888 GBP

10p ordinary

CFD

reducing a long position

3,481

4.9390 GBP

10p ordinary

CFD

reducing a long position

2,984

4.9456 GBP

10p ordinary

CFD

reducing a long position

1,322

4.9513 GBP

10p ordinary

CFD

reducing a long position

7,548

4.9530 GBP

10p ordinary

CFD

reducing a long position

264

4.9533 GBP

10p ordinary

CFD

reducing a long position

19,154

4.9559 GBP

10p ordinary

CFD

reducing a long position

9,007

4.9565 GBP

10p ordinary

CFD

reducing a long position

34,132

4.9590 GBP

10p ordinary

CFD

reducing a long position

10,928

4.9597 GBP

10p ordinary

CFD

reducing a long position

5,794

4.9666 GBP

10p ordinary

CFD

reducing a long position

2

4.9680 GBP

10p ordinary

CFD

reducing a long position

193,502

4.9687 GBP

10p ordinary

CFD

reducing a long position

100,000

4.9705 GBP

10p ordinary

CFD

reducing a long position

6,147

4.9709 GBP

10p ordinary

CFD

reducing a long position

4,972

4.9720 GBP

10p ordinary

CFD

reducing a short position

35,914

4.9484 GBP

10p ordinary

CFD

reducing a short position

28,277

4.9568 GBP

10p ordinary

CFD

reducing a short position

13,871

4.9601 GBP

10p ordinary

CFD

reducing a short position

11,815

4.9617 GBP

10p ordinary

CFD

reducing a short position

12,247

4.9620 GBP

10p ordinary

CFD

reducing a short position

1,302

4.9620 GBP

10p ordinary

CFD

reducing a short position

418

4.9625 GBP

10p ordinary

CFD

reducing a short position

2,627

4.9679 GBP

10p ordinary

CFD

reducing a short position

35,639

4.9680 GBP

10p ordinary

CFD

reducing a short position

3

4.9680 GBP

10p ordinary

CFD

reducing a short position

4,625

4.9680 GBP

10p ordinary

CFD

reducing a short position

1,568

4.9680 GBP

10p ordinary

CFD

reducing a short position

938

4.9688 GBP

10p ordinary

CFD

reducing a short position

560

4.9688 GBP

10p ordinary

CFD

reducing a short position

75

4.9700 GBP

10p ordinary

CFD

reducing a short position

1,769

4.9883 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:

16 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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