Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc
08 August 2024
 

AMENDMENT(2(a), 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 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

SALES

1,666,185

5.1240 GBP

5.0280 GBP

10p ordinary

PURCHASES

1,729,624

5.1260 GBP

5.0260 GBP

10p ordinary

SALES

171,809

6.4958 USD

6.4958 USD

 

(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

960

5.0500 GBP

10p ordinary

CFD

increasing a long position

1,128

5.0636 GBP

10p ordinary

CFD

increasing a long position

191

5.0679 GBP

10p ordinary

CFD

increasing a long position

30,551

5.0715 GBP

10p ordinary

CFD

increasing a long position

600

5.0842 GBP

10p ordinary

CFD

increasing a long position

350,000

5.0873 GBP

10p ordinary

CFD

increasing a long position

17,480

5.0895 GBP

10p ordinary

CFD

increasing a long position

40,504

5.0914 GBP

10p ordinary

CFD

increasing a long position

1,030

5.0919 GBP

10p ordinary

CFD

increasing a long position

873

5.0920 GBP

10p ordinary

CFD

increasing a long position

171,809

5.0920 GBP

10p ordinary

CFD

increasing a long position

132

5.0920 GBP

10p ordinary

CFD

increasing a long position

1,259

5.0920 GBP

10p ordinary

CFD

increasing a long position

326

5.0920 GBP

10p ordinary

CFD

increasing a long position

12,268

5.0920 GBP

10p ordinary

CFD

increasing a long position

1,398

5.0953 GBP

10p ordinary

CFD

increasing a long position

178,181

5.1059 GBP

10p ordinary

CFD

increasing a long position

9,442

5.1101 GBP

10p ordinary

CFD

increasing a long position

2

5.1200 GBP

10p ordinary

CFD

increasing a short position

82,994

5.0329 GBP

10p ordinary

CFD

increasing a short position

14,865

5.0375 GBP

10p ordinary

CFD

increasing a short position

1,975

5.0451 GBP

10p ordinary

CFD

increasing a short position

551

5.0458 GBP

10p ordinary

CFD

increasing a short position

60

5.0458 GBP

10p ordinary

CFD

increasing a short position

33

5.0458 GBP

10p ordinary

CFD

increasing a short position

159

5.0458 GBP

10p ordinary

CFD

increasing a short position

75

5.0458 GBP

10p ordinary

CFD

increasing a short position

790

5.0519 GBP

10p ordinary

CFD

increasing a short position

1,672

5.0519 GBP

10p ordinary

CFD

increasing a short position

348

5.0519 GBP

10p ordinary

CFD

increasing a short position

5,766

5.0519 GBP

10p ordinary

CFD

increasing a short position

629

5.0519 GBP

10p ordinary

CFD

increasing a short position

805

5.0528 GBP

10p ordinary

CFD

increasing a short position

448

5.0535 GBP

10p ordinary

CFD

increasing a short position

4,107

5.0535 GBP

10p ordinary

CFD

increasing a short position

248

5.0535 GBP

10p ordinary

CFD

increasing a short position

1,191

5.0535 GBP

10p ordinary

CFD

increasing a short position

563

5.0535 GBP

10p ordinary

CFD

increasing a short position

36,000

5.0540 GBP

10p ordinary

CFD

increasing a short position

72,000

5.0555 GBP

10p ordinary

CFD

increasing a short position

4,546

5.0649 GBP

10p ordinary

CFD

increasing a short position

106

5.0677 GBP

10p ordinary

CFD

increasing a short position

68,974

5.0757 GBP

10p ordinary

CFD

increasing a short position

47

5.0764 GBP

10p ordinary

CFD

increasing a short position

101

5.0764 GBP

10p ordinary

CFD

increasing a short position

21

5.0764 GBP

10p ordinary

CFD

increasing a short position

351

5.0764 GBP

10p ordinary

CFD

increasing a short position

38

5.0764 GBP

10p ordinary

CFD

increasing a short position

51,411

5.0793 GBP

10p ordinary

CFD

increasing a short position

6,778

5.0823 GBP

10p ordinary

CFD

increasing a short position

49,371

5.0823 GBP

10p ordinary

CFD

increasing a short position

14,324

5.0823 GBP

10p ordinary

CFD

increasing a short position

2,984

5.0823 GBP

10p ordinary

CFD

increasing a short position

5,391

5.0823 GBP

10p ordinary

CFD

increasing a short position

202,500

5.0853 GBP

10p ordinary

CFD

increasing a short position

217

5.0872 GBP

10p ordinary

CFD

increasing a short position

75

5.0919 GBP

10p ordinary

CFD

increasing a short position

65,102

5.0920 GBP

10p ordinary

CFD

increasing a short position

1,566

5.0920 GBP

10p ordinary

CFD

increasing a short position

24,774

5.0920 GBP

10p ordinary

CFD

increasing a short position

1,781

5.0927 GBP

10p ordinary

CFD

increasing a short position

90

5.0963 GBP

10p ordinary

CFD

increasing a short position

307

5.0964 GBP

10p ordinary

CFD

increasing a short position

4,642

5.1004 GBP

10p ordinary

CFD

increasing a short position

15,421

5.1105 GBP

10p ordinary

CFD

increasing a short position

12

5.1121 GBP

10p ordinary

CFD

increasing a short position

26

5.1121 GBP

10p ordinary

CFD

increasing a short position

5

5.1121 GBP

10p ordinary

CFD

increasing a short position

92

5.1121 GBP

10p ordinary

CFD

increasing a short position

10

5.1121 GBP

10p ordinary

CFD

increasing a short position

11,060

5.1123 GBP

10p ordinary

CFD

increasing a short position

2

5.1125 GBP

10p ordinary

CFD

increasing a short position

4

5.1125 GBP

10p ordinary

CFD

increasing a short position

1

5.1125 GBP

10p ordinary

CFD

increasing a short position

1

5.1125 GBP

10p ordinary

CFD

increasing a short position

16

5.1125 GBP

10p ordinary

CFD

increasing a short position

121

5.1138 GBP

10p ordinary

CFD

increasing a short position

57

5.1138 GBP

10p ordinary

CFD

increasing a short position

25

5.1138 GBP

10p ordinary

CFD

increasing a short position

420

5.1138 GBP

10p ordinary

CFD

increasing a short position

45

5.1138 GBP

10p ordinary

CFD

increasing a short position

311

5.1186 GBP

10p ordinary

CFD

increasing a short position

1,494

5.1186 GBP

10p ordinary

CFD

increasing a short position

562

5.1186 GBP

10p ordinary

CFD

increasing a short position

5,153

5.1186 GBP

10p ordinary

CFD

increasing a short position

706

5.1186 GBP

10p ordinary

CFD

reducing a long position

3

5.0387 GBP

10p ordinary

CFD

reducing a long position

2,142

5.0495 GBP

10p ordinary

CFD

reducing a long position

9,558

5.0649 GBP

10p ordinary

CFD

reducing a long position

1,259

5.0740 GBP

10p ordinary

CFD

reducing a long position

2,083

5.0757 GBP

10p ordinary

CFD

reducing a long position

15,322

5.0788 GBP

10p ordinary

CFD

reducing a long position

3,823

5.0849 GBP

10p ordinary

CFD

reducing a long position

23,765

5.0856 GBP

10p ordinary

CFD

reducing a long position

30,551

5.0864 GBP

10p ordinary

CFD

reducing a long position

2

5.0872 GBP

10p ordinary

CFD

reducing a long position

4,323

5.0876 GBP

10p ordinary

CFD

reducing a long position

13,393

5.0920 GBP

10p ordinary

CFD

reducing a long position

361

5.1061 GBP

10p ordinary

CFD

reducing a short position

12,859

5.0606 GBP

10p ordinary

CFD

reducing a short position

15,773

5.0881 GBP

10p ordinary

CFD

reducing a short position

68,974

5.0895 GBP

10p ordinary

CFD

reducing a short position

1,691

5.0911 GBP

10p ordinary

CFD

reducing a short position

16,046

5.0911 GBP

10p ordinary

CFD

reducing a short position

217

5.0920 GBP

10p ordinary

CFD

reducing a short position

345

5.0920 GBP

10p ordinary

CFD

reducing a short position

3,981

5.1085 GBP

10p ordinary

CFD

reducing a short position

2,411

5.1086 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:

08 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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