Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc
15 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:

13 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

PURCHASES

786,273

5.2940 GBP

5.2440 GBP

10p ordinary

SALES

495,560

5.2950 GBP

5.2500 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

966

5.2554 GBP

10p ordinary

CFD

increasing a long position

7,094

5.2693 GBP

10p ordinary

CFD

increasing a long position

16,451

5.2854 GBP

10p ordinary

CFD

increasing a long position

4,274

5.2879 GBP

10p ordinary

CFD

increasing a long position

3,976

5.2882 GBP

10p ordinary

CFD

increasing a long position

27,700

5.2886 GBP

10p ordinary

CFD

increasing a long position

18,300

5.2886 GBP

10p ordinary

CFD

increasing a short position

3,079

5.2543 GBP

10p ordinary

CFD

increasing a short position

113

5.2605 GBP

10p ordinary

CFD

increasing a short position

24,892

5.2642 GBP

10p ordinary

CFD

increasing a short position

87

5.2692 GBP

10p ordinary

CFD

increasing a short position

1,432

5.2696 GBP

10p ordinary

CFD

increasing a short position

20

5.2740 GBP

10p ordinary

CFD

increasing a short position

1,785

5.2810 GBP

10p ordinary

CFD

increasing a short position

3,707

5.2810 GBP

10p ordinary

CFD

increasing a short position

34,991

5.2827 GBP

10p ordinary

CFD

increasing a short position

3,687

5.2827 GBP

10p ordinary

CFD

increasing a short position

20,000

5.2839 GBP

10p ordinary

CFD

increasing a short position

74,631

5.2842 GBP

10p ordinary

CFD

increasing a short position

7,463

5.2844 GBP

10p ordinary

CFD

increasing a short position

2,670

5.2853 GBP

10p ordinary

CFD

increasing a short position

192

5.2863 GBP

10p ordinary

CFD

increasing a short position

666

5.2863 GBP

10p ordinary

CFD

increasing a short position

2,510

5.2873 GBP

10p ordinary

CFD

increasing a short position

4,144

5.2874 GBP

10p ordinary

CFD

increasing a short position

5,566

5.2878 GBP

10p ordinary

CFD

increasing a short position

147

5.2900 GBP

10p ordinary

CFD

increasing a short position

614

5.2900 GBP

10p ordinary

CFD

increasing a short position

318

5.2900 GBP

10p ordinary

CFD

increasing a short position

14

5.2900 GBP

10p ordinary

CFD

increasing a short position

1,335

5.2900 GBP

10p ordinary

CFD

increasing a short position

5,479

5.2901 GBP

10p ordinary

CFD

increasing a short position

1,905

5.2904 GBP

10p ordinary

CFD

reducing a long position

7,094

5.2724 GBP

10p ordinary

CFD

reducing a long position

20,427

5.2769 GBP

10p ordinary

CFD

reducing a long position

17,352

5.2831 GBP

10p ordinary

CFD

reducing a long position

38,841

5.2849 GBP

10p ordinary

CFD

reducing a long position

3,976

5.2849 GBP

10p ordinary

CFD

reducing a long position

37,715

5.2870 GBP

10p ordinary

CFD

reducing a long position

1,041

5.2900 GBP

10p ordinary

CFD

reducing a long position

200

5.2910 GBP

10p ordinary

CFD

reducing a short position

7

5.2659 GBP

10p ordinary

CFD

reducing a short position

13,153

5.2734 GBP

10p ordinary

CFD

reducing a short position

15,735

5.2735 GBP

10p ordinary

CFD

reducing a short position

714

5.2763 GBP

10p ordinary

CFD

reducing a short position

4

5.2780 GBP

10p ordinary

CFD

reducing a short position

244

5.2789 GBP

10p ordinary

CFD

reducing a short position

500

5.2808 GBP

10p ordinary

CFD

reducing a short position

18,900

5.2808 GBP

10p ordinary

CFD

reducing a short position

2,000

5.2808 GBP

10p ordinary

CFD

reducing a short position

1,200

5.2808 GBP

10p ordinary

CFD

reducing a short position

24,397

5.2810 GBP

10p ordinary

CFD

reducing a short position

1,997

5.2819 GBP

10p ordinary

CFD

reducing a short position

3,015

5.2825 GBP

10p ordinary

CFD

reducing a short position

2,864

5.2836 GBP

10p ordinary

CFD

reducing a short position

29,100

5.2844 GBP

10p ordinary

CFD

reducing a short position

1,900

5.2892 GBP

10p ordinary

CFD

reducing a short position

15

5.2893 GBP

10p ordinary

CFD

reducing a short position

137

5.2900 GBP

10p ordinary

CFD

reducing a short position

308

5.2900 GBP

10p ordinary

CFD

reducing a short position

258

5.2900 GBP

10p ordinary

CFD

reducing a short position

80

5.2900 GBP

10p ordinary

CFD

reducing a short position

109

5.2900 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 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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