Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
18 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:

17 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

SALES

953,502

5.0080 GBP

4.9300 GBP

10p ordinary

PURCHASES

1,148,989

5.0110 GBP

4.9307 GBP

10p ordinary

PURCHASES

217

6.4122 USD

6.4122 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

2

4.9300 GBP

10p ordinary

CFD

increasing a long position

4,927

4.9326 GBP

10p ordinary

CFD

increasing a long position

3,021

4.9347 GBP

10p ordinary

CFD

increasing a long position

40,278

4.9392 GBP

10p ordinary

CFD

increasing a long position

179

4.9633 GBP

10p ordinary

CFD

increasing a long position

87

4.9634 GBP

10p ordinary

CFD

increasing a long position

213

4.9669 GBP

10p ordinary

CFD

increasing a long position

997

4.9683 GBP

10p ordinary

CFD

increasing a long position

1,584

4.9800 GBP

10p ordinary

CFD

increasing a long position

4,796

4.9899 GBP

10p ordinary

CFD

increasing a short position

562

4.9310 GBP

10p ordinary

CFD

increasing a short position

10

4.9310 GBP

10p ordinary

CFD

increasing a short position

38,550

4.9310 GBP

10p ordinary

CFD

increasing a short position

4,105

4.9324 GBP

10p ordinary

CFD

increasing a short position

296

4.9372 GBP

10p ordinary

CFD

increasing a short position

1,911

4.9443 GBP

10p ordinary

CFD

increasing a short position

17,971

4.9443 GBP

10p ordinary

CFD

increasing a short position

83,200

4.9459 GBP

10p ordinary

CFD

increasing a short position

11,006

4.9520 GBP

10p ordinary

CFD

increasing a short position

47,545

4.9527 GBP

10p ordinary

CFD

increasing a short position

9,194

4.9618 GBP

10p ordinary

CFD

increasing a short position

42

4.9663 GBP

10p ordinary

CFD

increasing a short position

114

4.9840 GBP

10p ordinary

CFD

increasing a short position

1,580

4.9878 GBP

10p ordinary

CFD

reducing a long position

33

4.9307 GBP

10p ordinary

CFD

reducing a long position

217

4.9310 GBP

10p ordinary

CFD

reducing a long position

818

4.9310 GBP

10p ordinary

CFD

reducing a long position

11,956

4.9341 GBP

10p ordinary

CFD

reducing a long position

5,810

4.9341 GBP

10p ordinary

CFD

reducing a long position

759

4.9343 GBP

10p ordinary

CFD

reducing a long position

7,635

4.9356 GBP

10p ordinary

CFD

reducing a long position

277

4.9405 GBP

10p ordinary

CFD

reducing a long position

11

4.9527 GBP

10p ordinary

CFD

reducing a long position

213

4.9658 GBP

10p ordinary

CFD

reducing a long position

997

4.9842 GBP

10p ordinary

CFD

reducing a short position

767

4.9310 GBP

10p ordinary

CFD

reducing a short position

146

4.9310 GBP

10p ordinary

CFD

reducing a short position

3,634

4.9310 GBP

10p ordinary

CFD

reducing a short position

15,455

4.9318 GBP

10p ordinary

CFD

reducing a short position

9,223

4.9319 GBP

10p ordinary

CFD

reducing a short position

3,109

4.9326 GBP

10p ordinary

CFD

reducing a short position

32,584

4.9579 GBP

10p ordinary

CFD

reducing a short position

1,580

4.9671 GBP

10p ordinary

CFD

reducing a short position

2,078

4.9675 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:

18 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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