Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc
05 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:

01 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

1,995,974

5.3480 GBP

5.2540 GBP

10p ordinary

PURCHASES

2,214,968

5.3500 GBP

5.2420 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

430

5.2589 GBP

10p ordinary

CFD

increasing a long position

13

5.2700 GBP

10p ordinary

CFD

increasing a long position

4,999

5.2892 GBP

10p ordinary

CFD

increasing a long position

1,735

5.2917 GBP

10p ordinary

CFD

increasing a long position

17,146

5.3145 GBP

10p ordinary

CFD

increasing a long position

16,396

5.3161 GBP

10p ordinary

CFD

increasing a long position

129

5.3163 GBP

10p ordinary

CFD

increasing a long position

13,948

5.3192 GBP

10p ordinary

CFD

increasing a long position

5,975

5.3236 GBP

10p ordinary

CFD

increasing a long position

2,011

5.3249 GBP

10p ordinary

CFD

increasing a long position

1,600

5.3268 GBP

10p ordinary

CFD

increasing a long position

2,541

5.3303 GBP

10p ordinary

CFD

increasing a long position

315

5.3333 GBP

10p ordinary

CFD

increasing a long position

240

5.3338 GBP

10p ordinary

CFD

increasing a long position

24,687

5.3400 GBP

10p ordinary

CFD

increasing a long position

300

5.3400 GBP

10p ordinary

CFD

increasing a long position

531

5.3400 GBP

10p ordinary

CFD

increasing a short position

10

5.2512 GBP

10p ordinary

CFD

increasing a short position

4,386

5.2549 GBP

10p ordinary

CFD

increasing a short position

1,088

5.2593 GBP

10p ordinary

CFD

increasing a short position

18

5.2614 GBP

10p ordinary

CFD

increasing a short position

115

5.2615 GBP

10p ordinary

CFD

increasing a short position

3,133

5.2689 GBP

10p ordinary

CFD

increasing a short position

827

5.2851 GBP

10p ordinary

CFD

increasing a short position

137

5.2852 GBP

10p ordinary

CFD

increasing a short position

13,220

5.2898 GBP

10p ordinary

CFD

increasing a short position

1,305

5.2921 GBP

10p ordinary

CFD

increasing a short position

2,288

5.2938 GBP

10p ordinary

CFD

increasing a short position

1,059

5.2951 GBP

10p ordinary

CFD

increasing a short position

33,869

5.3023 GBP

10p ordinary

CFD

increasing a short position

1,866

5.3029 GBP

10p ordinary

CFD

increasing a short position

388

5.3029 GBP

10p ordinary

CFD

increasing a short position

702

5.3029 GBP

10p ordinary

CFD

increasing a short position

6,438

5.3029 GBP

10p ordinary

CFD

increasing a short position

882

5.3029 GBP

10p ordinary

CFD

increasing a short position

56,464

5.3109 GBP

10p ordinary

CFD

increasing a short position

2,195

5.3110 GBP

10p ordinary

CFD

increasing a short position

1,747

5.3110 GBP

10p ordinary

CFD

increasing a short position

16,016

5.3110 GBP

10p ordinary

CFD

increasing a short position

966

5.3110 GBP

10p ordinary

CFD

increasing a short position

4,644

5.3110 GBP

10p ordinary

CFD

increasing a short position

162

5.3166 GBP

10p ordinary

CFD

increasing a short position

121,200

5.3214 GBP

10p ordinary

CFD

increasing a short position

184

5.3219 GBP

10p ordinary

CFD

increasing a short position

2,206

5.3219 GBP

10p ordinary

CFD

increasing a short position

591

5.3247 GBP

10p ordinary

CFD

increasing a short position

8,033

5.3247 GBP

10p ordinary

CFD

increasing a short position

12,470

5.3288 GBP

10p ordinary

CFD

increasing a short position

3,874

5.3301 GBP

10p ordinary

CFD

increasing a short position

457

5.3320 GBP

10p ordinary

CFD

increasing a short position

8,636

5.3374 GBP

10p ordinary

CFD

increasing a short position

1,797

5.3374 GBP

10p ordinary

CFD

increasing a short position

4,082

5.3374 GBP

10p ordinary

CFD

increasing a short position

87,845

5.3374 GBP

10p ordinary

CFD

increasing a short position

29,781

5.3374 GBP

10p ordinary

CFD

increasing a short position

3,248

5.3374 GBP

10p ordinary

CFD

increasing a short position

279

5.3395 GBP

10p ordinary

CFD

increasing a short position

47,318

5.3398 GBP

10p ordinary

CFD

increasing a short position

49

5.3400 GBP

10p ordinary

CFD

increasing a short position

1,053

5.3400 GBP

10p ordinary

CFD

reducing a long position

2,997

5.2549 GBP

10p ordinary

CFD

reducing a long position

342

5.2729 GBP

10p ordinary

CFD

reducing a long position

430

5.2921 GBP

10p ordinary

CFD

reducing a long position

36

5.2960 GBP

10p ordinary

CFD

reducing a long position

231

5.2991 GBP

10p ordinary

CFD

reducing a long position

17,381

5.3030 GBP

10p ordinary

CFD

reducing a long position

2,323

5.3064 GBP

10p ordinary

CFD

reducing a long position

20,392

5.3109 GBP

10p ordinary

CFD

reducing a long position

4,999

5.3123 GBP

10p ordinary

CFD

reducing a long position

5,975

5.3166 GBP

10p ordinary

CFD

reducing a long position

3,823

5.3194 GBP

10p ordinary

CFD

reducing a long position

129

5.3219 GBP

10p ordinary

CFD

reducing a long position

16,396

5.3220 GBP

10p ordinary

CFD

reducing a long position

13,892

5.3243 GBP

10p ordinary

CFD

reducing a long position

10,363

5.3353 GBP

10p ordinary

CFD

reducing a long position

1,975

5.3400 GBP

10p ordinary

CFD

reducing a long position

2,316

5.3400 GBP

10p ordinary

CFD

reducing a short position

768

5.2616 GBP

10p ordinary

CFD

reducing a short position

1,523

5.2965 GBP

10p ordinary

CFD

reducing a short position

3,128

5.2969 GBP

10p ordinary

CFD

reducing a short position

162

5.2970 GBP

10p ordinary

CFD

reducing a short position

7,298

5.3110 GBP

10p ordinary

CFD

reducing a short position

56,464

5.3145 GBP

10p ordinary

CFD

reducing a short position

1,900

5.3171 GBP

10p ordinary

CFD

reducing a short position

1,305

5.3192 GBP

10p ordinary

CFD

reducing a short position

2,293

5.3236 GBP

10p ordinary

CFD

reducing a short position

6,873

5.3333 GBP

10p ordinary

CFD

reducing a short position

4,053

5.3338 GBP

10p ordinary

CFD

reducing a short position

5,276

5.3343 GBP

10p ordinary

CFD

reducing a short position

470

5.3359 GBP

10p ordinary

CFD

reducing a short position

23,979

5.3377 GBP

10p ordinary

CFD

reducing a short position

289

5.3400 GBP

10p ordinary

CFD

reducing a short position

184

5.3400 GBP

10p ordinary

CFD

reducing a short position

9,661

5.3402 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:

05 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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