Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc
09 July 2024
 

AMENDMENT(2(b))

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:

05 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

1,836,904

5.1100 GBP

4.9550 GBP

10p ordinary

PURCHASES

1,934,705

5.1160 GBP

4.9785 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

5.0007 GBP

10p ordinary

CFD

increasing a long position

844

5.0287 GBP

10p ordinary

CFD

increasing a long position

11,704

5.0400 GBP

10p ordinary

CFD

increasing a long position

221

5.0400 GBP

10p ordinary

CFD

increasing a long position

9,568

5.0400 GBP

10p ordinary

CFD

increasing a long position

21,865

5.0400 GBP

10p ordinary

CFD

increasing a long position

10,144

5.0567 GBP

10p ordinary

CFD

increasing a long position

2,720

5.0586 GBP

10p ordinary

CFD

increasing a long position

703

5.0632 GBP

10p ordinary

CFD

increasing a long position

7,706

5.0670 GBP

10p ordinary

CFD

increasing a long position

14,117

5.0777 GBP

10p ordinary

CFD

increasing a short position

260

5.0261 GBP

10p ordinary

CFD

increasing a short position

7

5.0329 GBP

10p ordinary

CFD

increasing a short position

14

5.0329 GBP

10p ordinary

CFD

increasing a short position

2,615

5.0346 GBP

10p ordinary

CFD

increasing a short position

3,874

5.0373 GBP

10p ordinary

CFD

increasing a short position

675

5.0393 GBP

10p ordinary

CFD

increasing a short position

8,403

5.0400 GBP

10p ordinary

CFD

increasing a short position

576

5.0400 GBP

10p ordinary

CFD

increasing a short position

269

5.0400 GBP

10p ordinary

CFD

increasing a short position

1,338

5.0404 GBP

10p ordinary

CFD

increasing a short position

7,329

5.0420 GBP

10p ordinary

CFD

increasing a short position

13,100

5.0475 GBP

10p ordinary

CFD

increasing a short position

13,227

5.0600 GBP

10p ordinary

CFD

increasing a short position

76

5.0660 GBP

10p ordinary

CFD

increasing a short position

2,837

5.0678 GBP

10p ordinary

CFD

increasing a short position

47,096

5.0747 GBP

10p ordinary

CFD

increasing a short position

446

5.0856 GBP

10p ordinary

CFD

increasing a short position

822

5.0889 GBP

10p ordinary

CFD

increasing a short position

87

5.0933 GBP

10p ordinary

CFD

increasing a short position

244

5.0941 GBP

10p ordinary

CFD

reducing a long position

12

4.9796 GBP

10p ordinary

CFD

reducing a long position

221

5.0400 GBP

10p ordinary

CFD

reducing a long position

9,496

5.0400 GBP

10p ordinary

CFD

reducing a long position

9,824

5.0490 GBP

10p ordinary

CFD

reducing a long position

232,708

5.0629 GBP

10p ordinary

CFD

reducing a long position

72

5.0642 GBP

10p ordinary

CFD

reducing a long position

14,117

5.0833 GBP

10p ordinary

CFD

reducing a long position

844

5.0856 GBP

10p ordinary

CFD

reducing a short position

534

5.0059 GBP

10p ordinary

CFD

reducing a short position

1,819

5.0075 GBP

10p ordinary

CFD

reducing a short position

2,894

5.0287 GBP

10p ordinary

CFD

reducing a short position

5,956

5.0332 GBP

10p ordinary

CFD

reducing a short position

1,352

5.0399 GBP

10p ordinary

CFD

reducing a short position

5,852

5.0400 GBP

10p ordinary

CFD

reducing a short position

76

5.0400 GBP

10p ordinary

CFD

reducing a short position

1,251

5.0400 GBP

10p ordinary

CFD

reducing a short position

43,806

5.0409 GBP

10p ordinary

CFD

reducing a short position

26,173

5.0420 GBP

10p ordinary

CFD

reducing a short position

6,879

5.0460 GBP

10p ordinary

CFD

reducing a short position

1,608

5.0493 GBP

10p ordinary

CFD

reducing a short position

818

5.0527 GBP

10p ordinary

CFD

reducing a short position

86

5.0527 GBP

10p ordinary

CFD

reducing a short position

22,384

5.0547 GBP

10p ordinary

CFD

reducing a short position

49,364

5.0670 GBP

10p ordinary

CFD

reducing a short position

4,656

5.0672 GBP

10p ordinary

CFD

reducing a short position

3,066

5.0745 GBP

10p ordinary

CFD

reducing a short position

4,991

5.0748 GBP

10p ordinary

CFD

reducing a short position

6,861

5.0790 GBP

10p ordinary

CFD

reducing a short position

269

5.0865 GBP

10p ordinary

CFD

reducing a short position

20,115

5.0924 GBP

10p ordinary

CFD

reducing a short position

29,631

5.0927 GBP

10p ordinary

CFD

reducing a short position

21,741

5.0930 GBP

10p ordinary

CFD

reducing a short position

1,436

5.0932 GBP

10p ordinary

CFD

reducing a short position

4,227

5.0941 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:

09 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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