Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

19 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:	16 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	926,787	5.4000 GBP	5.3340 GBP
10p ordinary	SALES	604,890	5.4020 GBP	5.3320 GBP
10p ordinary	SALES	4,341	6.2851 EUR	6.2851 EUR

(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	2,371	5.3446 GBP
10p ordinary	CFD	increasing a long position	4,941	5.3567 GBP
10p ordinary	CFD	increasing a long position	9,066	5.3567 GBP
10p ordinary	CFD	increasing a long position	6,048	5.3579 GBP
10p ordinary	CFD	increasing a long position	265	5.3580 GBP
10p ordinary	CFD	increasing a long position	222	5.3580 GBP
10p ordinary	CFD	increasing a long position	591	5.3676 GBP
10p ordinary	CFD	increasing a long position	3,306	5.3794 GBP
10p ordinary	CFD	increasing a long position	426	5.3801 GBP
10p ordinary	CFD	increasing a short position	53	5.3467 GBP
10p ordinary	CFD	increasing a short position	2,970	5.3530 GBP
10p ordinary	CFD	increasing a short position	6,167	5.3530 GBP
10p ordinary	CFD	increasing a short position	36	5.3580 GBP
10p ordinary	CFD	increasing a short position	764	5.3580 GBP
10p ordinary	CFD	increasing a short position	546	5.3584 GBP
10p ordinary	CFD	increasing a short position	1,136	5.3584 GBP
10p ordinary	CFD	increasing a short position	80,483	5.3587 GBP
10p ordinary	CFD	increasing a short position	27,795	5.3613 GBP
10p ordinary	CFD	increasing a short position	74,631	5.3625 GBP
10p ordinary	CFD	increasing a short position	278	5.3642 GBP
10p ordinary	CFD	increasing a short position	36,400	5.3658 GBP
10p ordinary	CFD	increasing a short position	15,000	5.3664 GBP
10p ordinary	CFD	increasing a short position	757	5.3672 GBP
10p ordinary	CFD	increasing a short position	2,831	5.3686 GBP
10p ordinary	CFD	increasing a short position	26,865	5.3686 GBP
10p ordinary	CFD	increasing a short position	284	5.3732 GBP
10p ordinary	CFD	increasing a short position	943	5.3734 GBP
10p ordinary	CFD	increasing a short position	10,064	5.3743 GBP
10p ordinary	CFD	increasing a short position	27,409	5.3755 GBP
10p ordinary	CFD	increasing a short position	4,966	5.3779 GBP
10p ordinary	CFD	increasing a short position	4,786	5.3781 GBP
10p ordinary	CFD	increasing a short position	1,036	5.3833 GBP
10p ordinary	CFD	increasing a short position	636	5.3860 GBP
10p ordinary	CFD	increasing a short position	20,824	5.3875 GBP
10p ordinary	CFD	increasing a short position	457	5.3982 GBP
10p ordinary	CFD	reducing a long position	1,780	5.3514 GBP
10p ordinary	CFD	reducing a long position	563	5.3580 GBP
10p ordinary	CFD	reducing a long position	32,029	5.3587 GBP
10p ordinary	CFD	reducing a long position	1,061	5.3589 GBP
10p ordinary	CFD	reducing a long position	803	5.3676 GBP
10p ordinary	CFD	reducing a long position	28,807	5.3723 GBP
10p ordinary	CFD	reducing a long position	14,013	5.3733 GBP
10p ordinary	CFD	reducing a long position	322	5.3755 GBP
10p ordinary	CFD	reducing a long position	2,797	5.3781 GBP
10p ordinary	CFD	reducing a long position	6,908	5.3811 GBP
10p ordinary	CFD	reducing a long position	4,672	5.3854 GBP
10p ordinary	CFD	reducing a long position	265	5.3982 GBP
10p ordinary	CFD	reducing a long position	222	5.4000 GBP
10p ordinary	CFD	reducing a short position	3,923	5.3558 GBP
10p ordinary	CFD	reducing a short position	21,545	5.3579 GBP
10p ordinary	CFD	reducing a short position	32	5.3580 GBP
10p ordinary	CFD	reducing a short position	65	5.3580 GBP
10p ordinary	CFD	reducing a short position	101	5.3580 GBP
10p ordinary	CFD	reducing a short position	746	5.3580 GBP
10p ordinary	CFD	reducing a short position	510	5.3580 GBP
10p ordinary	CFD	reducing a short position	1,727	5.3613 GBP
10p ordinary	CFD	reducing a short position	25,574	5.3680 GBP
10p ordinary	CFD	reducing a short position	12,100	5.3763 GBP
10p ordinary	CFD	reducing a short position	943	5.3769 GBP
10p ordinary	CFD	reducing a short position	142	5.3819 GBP
10p ordinary	CFD	reducing a short position	10,064	5.3831 GBP
10p ordinary	CFD	reducing a short position	16	5.3869 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:	19 August 2024
Contact name:	Craig Horsley
Telephone number:	[phone]

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END