Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc
08 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:

04 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

PURCHASES

1,092,664

4.9460 GBP

4.8880 GBP

10p ordinary

SALES

1,350,350

4.9460 GBP

4.8882 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

35,426

4.8486 GBP

10p ordinary

CFD

increasing a long position

695,741

4.8880 GBP

10p ordinary

CFD

increasing a long position

352

4.9192 GBP

10p ordinary

CFD

increasing a long position

21,095

4.9199 GBP

10p ordinary

CFD

increasing a long position

13,770

4.9200 GBP

10p ordinary

CFD

increasing a long position

7,240

4.9220 GBP

10p ordinary

CFD

increasing a long position

11,655

4.9224 GBP

10p ordinary

CFD

increasing a long position

2,167

4.9308 GBP

10p ordinary

CFD

increasing a short position

127

4.8880 GBP

10p ordinary

CFD

increasing a short position

82

4.9123 GBP

10p ordinary

CFD

increasing a short position

696

4.9154 GBP

10p ordinary

CFD

increasing a short position

13,150

4.9169 GBP

10p ordinary

CFD

increasing a short position

118

4.9200 GBP

10p ordinary

CFD

increasing a short position

5,028

4.9200 GBP

10p ordinary

CFD

increasing a short position

5,878

4.9200 GBP

10p ordinary

CFD

increasing a short position

22,117

4.9205 GBP

10p ordinary

CFD

increasing a short position

41,800

4.9220 GBP

10p ordinary

CFD

increasing a short position

1,744

4.9221 GBP

10p ordinary

CFD

increasing a short position

310

4.9224 GBP

10p ordinary

CFD

increasing a short position

2,618

4.9229 GBP

10p ordinary

CFD

increasing a short position

10,000

4.9231 GBP

10p ordinary

CFD

increasing a short position

6,448

4.9231 GBP

10p ordinary

CFD

increasing a short position

15,833

4.9244 GBP

10p ordinary

CFD

increasing a short position

3,441

4.9245 GBP

10p ordinary

CFD

increasing a short position

12,477

4.9260 GBP

10p ordinary

CFD

increasing a short position

4,688

4.9267 GBP

10p ordinary

CFD

increasing a short position

498

4.9267 GBP

10p ordinary

CFD

increasing a short position

3,259

4.9272 GBP

10p ordinary

CFD

increasing a short position

59

4.9280 GBP

10p ordinary

CFD

increasing a short position

4,568

4.9299 GBP

10p ordinary

CFD

increasing a short position

107

4.9319 GBP

10p ordinary

CFD

reducing a long position

15,937

4.9200 GBP

10p ordinary

CFD

reducing a long position

5,110

4.9200 GBP

10p ordinary

CFD

reducing a long position

8,261

4.9205 GBP

10p ordinary

CFD

reducing a long position

86

4.9209 GBP

10p ordinary

CFD

reducing a long position

6,728

4.9210 GBP

10p ordinary

CFD

reducing a long position

5,038

4.9216 GBP

10p ordinary

CFD

reducing a long position

7,724

4.9229 GBP

10p ordinary

CFD

reducing a long position

10,116

4.9231 GBP

10p ordinary

CFD

reducing a long position

89,245

4.9302 GBP

10p ordinary

CFD

reducing a short position

3,482

4.9024 GBP

10p ordinary

CFD

reducing a short position

3,259

4.9144 GBP

10p ordinary

CFD

reducing a short position

8

4.9191 GBP

10p ordinary

CFD

reducing a short position

194

4.9198 GBP

10p ordinary

CFD

reducing a short position

289

4.9200 GBP

10p ordinary

CFD

reducing a short position

59,166

4.9200 GBP

10p ordinary

CFD

reducing a short position

492

4.9200 GBP

10p ordinary

CFD

reducing a short position

502,784

4.9200 GBP

10p ordinary

CFD

reducing a short position

59

4.9202 GBP

10p ordinary

CFD

reducing a short position

6,251

4.9208 GBP

10p ordinary

CFD

reducing a short position

3,547

4.9221 GBP

10p ordinary

CFD

reducing a short position

7,557

4.9230 GBP

10p ordinary

CFD

reducing a short position

24,638

4.9232 GBP

10p ordinary

CFD

reducing a short position

2,021

4.9244 GBP

10p ordinary

CFD

reducing a short position

3,540

4.9266 GBP

10p ordinary

CFD

reducing a short position

9,137

4.9267 GBP

10p ordinary

CFD

reducing a short position

6,979

4.9288 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 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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