Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
24 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:

23 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

SALES

730,411

4.9720 GBP

4.9160 GBP

10p ordinary

PURCHASES

857,826

4.9760 GBP

4.9160 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

200

4.9219 GBP

10p ordinary

CFD

increasing a long position

775

4.9236 GBP

10p ordinary

CFD

increasing a long position

2,962

4.9273 GBP

10p ordinary

CFD

increasing a long position

3,987

4.9292 GBP

10p ordinary

CFD

increasing a long position

97

4.9381 GBP

10p ordinary

CFD

increasing a long position

1,362

4.9386 GBP

10p ordinary

CFD

increasing a long position

2,816

4.9386 GBP

10p ordinary

CFD

increasing a long position

550

4.9403 GBP

10p ordinary

CFD

increasing a long position

144

4.9422 GBP

10p ordinary

CFD

increasing a long position

280

4.9444 GBP

10p ordinary

CFD

increasing a long position

902

4.9456 GBP

10p ordinary

CFD

increasing a long position

19,837

4.9480 GBP

10p ordinary

CFD

increasing a long position

1,295

4.9500 GBP

10p ordinary

CFD

increasing a long position

31,835

4.9558 GBP

10p ordinary

CFD

increasing a long position

48,030

4.9560 GBP

10p ordinary

CFD

increasing a short position

9,432

4.9267 GBP

10p ordinary

CFD

increasing a short position

27,391

4.9289 GBP

10p ordinary

CFD

increasing a short position

1,200

4.9316 GBP

10p ordinary

CFD

increasing a short position

106,500

4.9464 GBP

10p ordinary

CFD

increasing a short position

16,854

4.9473 GBP

10p ordinary

CFD

increasing a short position

17,212

4.9476 GBP

10p ordinary

CFD

increasing a short position

1,831

4.9476 GBP

10p ordinary

CFD

increasing a short position

1,238

4.9507 GBP

10p ordinary

CFD

increasing a short position

2,074

4.9508 GBP

10p ordinary

CFD

increasing a short position

23,924

4.9560 GBP

10p ordinary

CFD

increasing a short position

1,097

4.9560 GBP

10p ordinary

CFD

increasing a short position

1,232

4.9560 GBP

10p ordinary

CFD

increasing a short position

3,532

4.9561 GBP

10p ordinary

CFD

increasing a short position

200

4.9564 GBP

10p ordinary

CFD

increasing a short position

700

4.9564 GBP

10p ordinary

CFD

increasing a short position

74

4.9634 GBP

10p ordinary

CFD

reducing a long position

2,004

4.9289 GBP

10p ordinary

CFD

reducing a long position

10

4.9310 GBP

10p ordinary

CFD

reducing a long position

2,962

4.9333 GBP

10p ordinary

CFD

reducing a long position

627

4.9355 GBP

10p ordinary

CFD

reducing a long position

425

4.9390 GBP

10p ordinary

CFD

reducing a long position

902

4.9422 GBP

10p ordinary

CFD

reducing a long position

2,260

4.9491 GBP

10p ordinary

CFD

reducing a long position

34,239

4.9560 GBP

10p ordinary

CFD

reducing a long position

927

4.9639 GBP

10p ordinary

CFD

reducing a short position

26,407

4.9355 GBP

10p ordinary

CFD

reducing a short position

2,007

4.9448 GBP

10p ordinary

CFD

reducing a short position

1,199

4.9449 GBP

10p ordinary

CFD

reducing a short position

1,674

4.9517 GBP

10p ordinary

CFD

reducing a short position

7,455

4.9553 GBP

10p ordinary

CFD

reducing a short position

200

4.9556 GBP

10p ordinary

CFD

reducing a short position

11,600

4.9556 GBP

10p ordinary

CFD

reducing a short position

1,029

4.9560 GBP

10p ordinary

CFD

reducing a short position

505

4.9560 GBP

10p ordinary

CFD

reducing a short position

72

4.9560 GBP

10p ordinary

CFD

reducing a short position

1,524

4.9560 GBP

10p ordinary

CFD

reducing a short position

25

4.9560 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:

24 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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