Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
23 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:

22 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

468,039

5.0100 GBP

4.9566 GBP

10p ordinary

SALES

393,778

5.0114 GBP

4.9555 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

12,707

4.9620 GBP

10p ordinary

CFD

increasing a long position

6,845

4.9620 GBP

10p ordinary

CFD

increasing a long position

918

4.9620 GBP

10p ordinary

CFD

increasing a long position

444

4.9620 GBP

10p ordinary

CFD

increasing a long position

253

4.9698 GBP

10p ordinary

CFD

increasing a long position

197

4.9712 GBP

10p ordinary

CFD

increasing a long position

441

4.9713 GBP

10p ordinary

CFD

increasing a long position

914

4.9724 GBP

10p ordinary

CFD

increasing a long position

333

4.9756 GBP

10p ordinary

CFD

increasing a long position

2,004

4.9787 GBP

10p ordinary

CFD

increasing a long position

1,786

4.9807 GBP

10p ordinary

CFD

increasing a long position

259

4.9900 GBP

10p ordinary

CFD

increasing a long position

196

4.9962 GBP

10p ordinary

CFD

increasing a long position

161

5.0020 GBP

10p ordinary

CFD

increasing a short position

15,901

4.9620 GBP

10p ordinary

CFD

increasing a short position

6,755

4.9620 GBP

10p ordinary

CFD

increasing a short position

10

4.9620 GBP

10p ordinary

CFD

increasing a short position

9,834

4.9645 GBP

10p ordinary

CFD

increasing a short position

20,622

4.9675 GBP

10p ordinary

CFD

increasing a short position

2,193

4.9675 GBP

10p ordinary

CFD

increasing a short position

107,100

4.9677 GBP

10p ordinary

CFD

increasing a short position

23,722

4.9679 GBP

10p ordinary

CFD

increasing a short position

7,123

4.9689 GBP

10p ordinary

CFD

increasing a short position

2,673

4.9753 GBP

10p ordinary

CFD

increasing a short position

2,082

4.9969 GBP

10p ordinary

CFD

reducing a long position

13,040

4.9620 GBP

10p ordinary

CFD

reducing a long position

229

4.9620 GBP

10p ordinary

CFD

reducing a long position

20,009

4.9664 GBP

10p ordinary

CFD

reducing a long position

100

4.9721 GBP

10p ordinary

CFD

reducing a long position

957

4.9726 GBP

10p ordinary

CFD

reducing a long position

196

4.9739 GBP

10p ordinary

CFD

reducing a long position

1,786

4.9782 GBP

10p ordinary

CFD

reducing a long position

161

4.9860 GBP

10p ordinary

CFD

reducing a long position

253

4.9969 GBP

10p ordinary

CFD

reducing a short position

9,454

4.9613 GBP

10p ordinary

CFD

reducing a short position

106

4.9619 GBP

10p ordinary

CFD

reducing a short position

912

4.9620 GBP

10p ordinary

CFD

reducing a short position

505

4.9620 GBP

10p ordinary

CFD

reducing a short position

96

4.9620 GBP

10p ordinary

CFD

reducing a short position

9

4.9620 GBP

10p ordinary

CFD

reducing a short position

15,023

4.9622 GBP

10p ordinary

CFD

reducing a short position

8,965

4.9623 GBP

10p ordinary

CFD

reducing a short position

2,220

4.9630 GBP

10p ordinary

CFD

reducing a short position

2

4.9655 GBP

10p ordinary

CFD

reducing a short position

11,706

4.9669 GBP

10p ordinary

CFD

reducing a short position

17,461

4.9737 GBP

10p ordinary

CFD

reducing a short position

24,731

4.9768 GBP

10p ordinary

CFD

reducing a short position

9,289

4.9773 GBP

10p ordinary

CFD

reducing a short position

13,956

4.9779 GBP

10p ordinary

CFD

reducing a short position

27,843

4.9787 GBP

10p ordinary

CFD

reducing a short position

195

4.9795 GBP

10p ordinary

CFD

reducing a short position

101

4.9796 GBP

10p ordinary

CFD

reducing a short position

2,082

4.9962 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:

23 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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