Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc
07 August 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:

06 August 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

623,636

5.1520 GBP

5.0750 GBP

10p ordinary

SALES

573,560

5.1585 GBP

5.0760 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

1,186

5.0967 GBP

10p ordinary

CFD

increasing a long position

54

5.0978 GBP

10p ordinary

CFD

increasing a long position

231

5.1079 GBP

10p ordinary

CFD

increasing a long position

8,260

5.1096 GBP

10p ordinary

CFD

increasing a long position

9,549

5.1192 GBP

10p ordinary

CFD

increasing a long position

9,642

5.1204 GBP

10p ordinary

CFD

increasing a long position

58,861

5.1208 GBP

10p ordinary

CFD

increasing a long position

9,901

5.1220 GBP

10p ordinary

CFD

increasing a long position

55

5.1220 GBP

10p ordinary

CFD

increasing a long position

352

5.1220 GBP

10p ordinary

CFD

increasing a long position

686

5.1250 GBP

10p ordinary

CFD

increasing a long position

11,648

5.1258 GBP

10p ordinary

CFD

increasing a long position

12

5.1280 GBP

10p ordinary

CFD

increasing a long position

3,286

5.1314 GBP

10p ordinary

CFD

increasing a long position

3,175

5.1489 GBP

10p ordinary

CFD

increasing a short position

104

5.0926 GBP

10p ordinary

CFD

increasing a short position

8,145

5.1066 GBP

10p ordinary

CFD

increasing a short position

33,576

5.1119 GBP

10p ordinary

CFD

increasing a short position

29,440

5.1160 GBP

10p ordinary

CFD

increasing a short position

139,200

5.1160 GBP

10p ordinary

CFD

increasing a short position

13,979

5.1201 GBP

10p ordinary

CFD

increasing a short position

61

5.1208 GBP

10p ordinary

CFD

increasing a short position

7,464

5.1219 GBP

10p ordinary

CFD

increasing a short position

18,859

5.1220 GBP

10p ordinary

CFD

increasing a short position

121

5.1220 GBP

10p ordinary

CFD

increasing a short position

40,623

5.1221 GBP

10p ordinary

CFD

increasing a short position

1,148

5.1230 GBP

10p ordinary

CFD

increasing a short position

599

5.1230 GBP

10p ordinary

CFD

increasing a short position

1,896

5.1231 GBP

10p ordinary

CFD

increasing a short position

2,555

5.1241 GBP

10p ordinary

CFD

increasing a short position

1,610

5.1380 GBP

10p ordinary

CFD

increasing a short position

772

5.1380 GBP

10p ordinary

CFD

reducing a long position

1,242

5.0909 GBP

10p ordinary

CFD

reducing a long position

12

5.0926 GBP

10p ordinary

CFD

reducing a long position

2,338

5.0933 GBP

10p ordinary

CFD

reducing a long position

9,549

5.1008 GBP

10p ordinary

CFD

reducing a long position

3,488

5.1015 GBP

10p ordinary

CFD

reducing a long position

6,466

5.1044 GBP

10p ordinary

CFD

reducing a long position

17,480

5.1066 GBP

10p ordinary

CFD

reducing a long position

156

5.1077 GBP

10p ordinary

CFD

reducing a long position

35,711

5.1083 GBP

10p ordinary

CFD

reducing a long position

4,740

5.1201 GBP

10p ordinary

CFD

reducing a long position

10,814

5.1220 GBP

10p ordinary

CFD

reducing a long position

16,296

5.1220 GBP

10p ordinary

CFD

reducing a long position

14

5.1260 GBP

10p ordinary

CFD

reducing a long position

3,175

5.1305 GBP

10p ordinary

CFD

reducing a long position

628

5.1312 GBP

10p ordinary

CFD

reducing a long position

4,175

5.1428 GBP

10p ordinary

CFD

reducing a short position

592

5.0819 GBP

10p ordinary

CFD

reducing a short position

96

5.1061 GBP

10p ordinary

CFD

reducing a short position

16

5.1062 GBP

10p ordinary

CFD

reducing a short position

23

5.1062 GBP

10p ordinary

CFD

reducing a short position

296

5.1134 GBP

10p ordinary

CFD

reducing a short position

19,283

5.1150 GBP

10p ordinary

CFD

reducing a short position

2,033

5.1150 GBP

10p ordinary

CFD

reducing a short position

8,258

5.1168 GBP

10p ordinary

CFD

reducing a short position

53,950

5.1212 GBP

10p ordinary

CFD

reducing a short position

4,610

5.1219 GBP

10p ordinary

CFD

reducing a short position

5,694

5.1220 GBP

10p ordinary

CFD

reducing a short position

104

5.1220 GBP

10p ordinary

CFD

reducing a short position

1

5.1220 GBP

10p ordinary

CFD

reducing a short position

9,188

5.1220 GBP

10p ordinary

CFD

reducing a short position

8,145

5.1258 GBP

10p ordinary

CFD

reducing a short position

1,021

5.1268 GBP

10p ordinary

CFD

reducing a short position

181

5.1297 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:

07 August 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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