Form 8.5 (EPT/RI)-Replacement of Barratt Developme

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

AMENDMENT(2(a))

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:

11 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

 

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

1,848,034

4.9520 GBP

4.8170 GBP

10p ordinary

SALES

1,718,177

4.9520 GBP

4.8170 GBP

10p ordinary

SALES

3,490

5.8664 EUR

5.8664 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

594

4.9304 GBP

10p ordinary

CFD

increasing a long position

20,082

4.9384 GBP

10p ordinary

CFD

increasing a long position

245,960

4.9446 GBP

10p ordinary

CFD

increasing a long position

893

4.9491 GBP

10p ordinary

CFD

increasing a long position

1,864

4.9492 GBP

10p ordinary

CFD

increasing a long position

112

4.9510 GBP

10p ordinary

CFD

increasing a short position

1,319

4.8233 GBP

10p ordinary

CFD

increasing a short position

2,136

4.8240 GBP

10p ordinary

CFD

increasing a short position

387

4.8261 GBP

10p ordinary

CFD

increasing a short position

808

4.8261 GBP

10p ordinary

CFD

increasing a short position

1,127

4.8293 GBP

10p ordinary

CFD

increasing a short position

2,912

4.8348 GBP

10p ordinary

CFD

increasing a short position

7,550

4.8377 GBP

10p ordinary

CFD

increasing a short position

4,419

4.8387 GBP

10p ordinary

CFD

increasing a short position

21,712

4.8461 GBP

10p ordinary

CFD

increasing a short position

20,273

4.8573 GBP

10p ordinary

CFD

increasing a short position

5,121

4.8656 GBP

10p ordinary

CFD

increasing a short position

90,680

4.8674 GBP

10p ordinary

CFD

increasing a short position

350

4.8783 GBP

10p ordinary

CFD

increasing a short position

471

4.8965 GBP

10p ordinary

CFD

increasing a short position

10,617

4.9054 GBP

10p ordinary

CFD

increasing a short position

72,176

4.9217 GBP

10p ordinary

CFD

increasing a short position

25,311

4.9391 GBP

10p ordinary

CFD

increasing a short position

64,384

4.9404 GBP

10p ordinary

CFD

increasing a short position

2,339

4.9456 GBP

10p ordinary

CFD

increasing a short position

7,186

4.9493 GBP

10p ordinary

CFD

increasing a short position

12,041

4.9494 GBP

10p ordinary

CFD

increasing a short position

37

4.9510 GBP

10p ordinary

CFD

increasing a short position

111

4.9511 GBP

10p ordinary

CFD

increasing a short position

7,370

4.9517 GBP

10p ordinary

CFD

reducing a long position

9,686

4.8261 GBP

10p ordinary

CFD

reducing a long position

4,642

4.8261 GBP

10p ordinary

CFD

reducing a long position

3,470

4.8674 GBP

10p ordinary

CFD

reducing a long position

4,353

4.9069 GBP

10p ordinary

CFD

reducing a long position

233

4.9069 GBP

10p ordinary

CFD

reducing a long position

5,737

4.9333 GBP

10p ordinary

CFD

reducing a long position

266,484

4.9451 GBP

10p ordinary

CFD

reducing a long position

37,048

4.9502 GBP

10p ordinary

CFD

reducing a long position

31

4.9519 GBP

10p ordinary

CFD

reducing a long position

2,393

4.9520 GBP

10p ordinary

CFD

reducing a short position

93

4.8209 GBP

10p ordinary

CFD

reducing a short position

1,127

4.8280 GBP

10p ordinary

CFD

reducing a short position

3,000

4.8288 GBP

10p ordinary

CFD

reducing a short position

9,017

4.8414 GBP

10p ordinary

CFD

reducing a short position

4,350

4.8414 GBP

10p ordinary

CFD

reducing a short position

18,465

4.8448 GBP

10p ordinary

CFD

reducing a short position

29,659

4.8534 GBP

10p ordinary

CFD

reducing a short position

3,855

4.8589 GBP

10p ordinary

CFD

reducing a short position

30,934

4.8603 GBP

10p ordinary

CFD

reducing a short position

26,712

4.8676 GBP

10p ordinary

CFD

reducing a short position

24,552

4.8705 GBP

10p ordinary

CFD

reducing a short position

5,121

4.8740 GBP

10p ordinary

CFD

reducing a short position

124

4.8780 GBP

10p ordinary

CFD

reducing a short position

108,436

4.8797 GBP

10p ordinary

CFD

reducing a short position

78,005

4.8807 GBP

10p ordinary

CFD

reducing a short position

13,282

4.8850 GBP

10p ordinary

CFD

reducing a short position

10,617

4.8857 GBP

10p ordinary

CFD

reducing a short position

4,810

4.9116 GBP

10p ordinary

CFD

reducing a short position

65,000

4.9119 GBP

10p ordinary

CFD

reducing a short position

26,285

4.9178 GBP

10p ordinary

CFD

reducing a short position

2,795

4.9178 GBP

10p ordinary

CFD

reducing a short position

13,568

4.9221 GBP

10p ordinary

CFD

reducing a short position

4,101

4.9304 GBP

10p ordinary

CFD

reducing a short position

26,771

4.9324 GBP

10p ordinary

CFD

reducing a short position

3,490

4.9382 GBP

10p ordinary

CFD

reducing a short position

15,012

4.9423 GBP

10p ordinary

CFD

reducing a short position

808

4.9424 GBP

10p ordinary

CFD

reducing a short position

387

4.9424 GBP

10p ordinary

CFD

reducing a short position

16,000

4.9499 GBP

10p ordinary

CFD

reducing a short position

74,958

4.9508 GBP

10p ordinary

CFD

reducing a short position

1,150

4.9510 GBP

10p ordinary

CFD

reducing a short position

368

4.9510 GBP

10p ordinary

CFD

reducing a short position

10,614

4.9510 GBP

10p ordinary

CFD

reducing a short position

2,383

4.9510 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:

15 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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