Form 8.5 (EPT/RI)- Network International Holdings

Morgan Stanley & Co. Int'l plc

10 April 2024

 

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:	09 April 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	1,029,671	4.6830 GBP	4.6360 GBP
10p ordinary	SALES	5,671,243	4.7070 GBP	4.6360 GBP
10p ordinary	SALES	133,814	5.4503 EUR	5.4327 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	2,082	4.6518 GBP
10p ordinary	CFD	increasing a long position	807	4.6521 GBP
10p ordinary	CFD	increasing a long position	579	4.6522 GBP
10p ordinary	CFD	increasing a long position	3,455	4.6526 GBP
10p ordinary	CFD	increasing a long position	17,172	4.6549 GBP
10p ordinary	CFD	increasing a long position	5,631	4.6549 GBP
10p ordinary	CFD	increasing a long position	7,547	4.6560 GBP
10p ordinary	CFD	increasing a long position	267	4.6560 GBP
10p ordinary	CFD	increasing a long position	427	4.6560 GBP
10p ordinary	CFD	increasing a long position	1,583	4.6599 GBP
10p ordinary	CFD	increasing a long position	2,698	4.6615 GBP
10p ordinary	CFD	increasing a long position	1,859	4.6615 GBP
10p ordinary	CFD	increasing a long position	177	4.6622 GBP
10p ordinary	CFD	increasing a long position	168	4.6628 GBP
10p ordinary	CFD	increasing a long position	1,099	4.6630 GBP
10p ordinary	CFD	increasing a long position	6,400	4.6655 GBP
10p ordinary	CFD	increasing a long position	24	4.6657 GBP
10p ordinary	CFD	increasing a long position	58	4.6739 GBP
10p ordinary	CFD	increasing a short position	13,941	4.6480 GBP
10p ordinary	CFD	increasing a short position	8,109	4.6480 GBP
10p ordinary	CFD	increasing a short position	2,950	4.6480 GBP
10p ordinary	CFD	increasing a short position	2,950	4.6505 GBP
10p ordinary	CFD	increasing a short position	13,941	4.6505 GBP
10p ordinary	CFD	increasing a short position	8,109	4.6505 GBP
10p ordinary	CFD	increasing a short position	3,000	4.6510 GBP
10p ordinary	CFD	increasing a short position	675	4.6530 GBP
10p ordinary	CFD	increasing a short position	415	4.6547 GBP
10p ordinary	CFD	increasing a short position	37,575	4.6561 GBP
10p ordinary	CFD	increasing a short position	84,722	4.6567 GBP
10p ordinary	CFD	increasing a short position	44,971	4.6586 GBP
10p ordinary	CFD	increasing a short position	11,144	4.6601 GBP
10p ordinary	CFD	increasing a short position	84,800	4.6605 GBP
10p ordinary	CFD	increasing a short position	270	4.6605 GBP
10p ordinary	CFD	increasing a short position	16,302	4.6621 GBP
10p ordinary	CFD	increasing a short position	6,442	4.6624 GBP
10p ordinary	CFD	increasing a short position	44,110	4.6628 GBP
10p ordinary	CFD	increasing a short position	362	4.6630 GBP
10p ordinary	CFD	increasing a short position	2,739	4.6643 GBP
10p ordinary	CFD	increasing a short position	95	4.6678 GBP
10p ordinary	CFD	increasing a short position	41	4.6678 GBP
10p ordinary	CFD	increasing a short position	4,309	4.6706 GBP
10p ordinary	CFD	reducing a long position	9,174	4.6522 GBP
10p ordinary	CFD	reducing a long position	869	4.6530 GBP
10p ordinary	CFD	reducing a long position	9,073	4.6560 GBP
10p ordinary	CFD	reducing a long position	435	4.6560 GBP
10p ordinary	CFD	reducing a long position	1	4.6560 GBP
10p ordinary	CFD	reducing a long position	222	4.6560 GBP
10p ordinary	CFD	reducing a long position	968	4.6583 GBP
10p ordinary	CFD	reducing a long position	7,810	4.6605 GBP
10p ordinary	CFD	reducing a long position	630	4.6605 GBP
10p ordinary	CFD	reducing a long position	3,501	4.6643 GBP
10p ordinary	CFD	reducing a long position	3,058	4.6677 GBP
10p ordinary	CFD	reducing a long position	941	4.6680 GBP
10p ordinary	CFD	reducing a long position	6,304	4.6696 GBP
10p ordinary	CFD	reducing a short position	223	4.6480 GBP
10p ordinary	CFD	reducing a short position	66	4.6480 GBP
10p ordinary	CFD	reducing a short position	45	4.6513 GBP
10p ordinary	CFD	reducing a short position	20	4.6515 GBP
10p ordinary	CFD	reducing a short position	22,656	4.6539 GBP
10p ordinary	CFD	reducing a short position	16,302	4.6549 GBP
10p ordinary	CFD	reducing a short position	3,522	4.6560 GBP
10p ordinary	CFD	reducing a short position	13,359	4.6560 GBP
10p ordinary	CFD	reducing a short position	29,397	4.6561 GBP
10p ordinary	CFD	reducing a short position	3,114	4.6592 GBP
10p ordinary	CFD	reducing a short position	27,041	4.6592 GBP
10p ordinary	CFD	reducing a short position	10,387	4.6595 GBP
10p ordinary	CFD	reducing a short position	70	4.6595 GBP
10p ordinary	CFD	reducing a short position	106	4.6595 GBP
10p ordinary	CFD	reducing a short position	36	4.6595 GBP
10p ordinary	CFD	reducing a short position	45,353	4.6627 GBP
10p ordinary	CFD	reducing a short position	2,891	4.6665 GBP
10p ordinary	CFD	reducing a short position	4,309	4.6668 GBP
10p ordinary	CFD	reducing a short position	49,268	4.6677 GBP
10p ordinary	CFD	reducing a short position	6,442	4.6744 GBP
10p ordinary	CFD	reducing a short position	5,000,000	4.7070 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:	10 April 2024
Contact name:	Craig Horsley
Telephone number:	[phone]

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END