Form 8.5 (EPT/RI)-Redrow plc

Morgan Stanley & Co. Int'l plc

22 February 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	Redrow plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Barratt Developments Plc
(d) Date dealing undertaken:	21 February 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- Barratt Developments 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
10.5p ordinary	PURCHASES	432,689	6.8350 GBP	6.6900 GBP
10.5p ordinary	SALES	398,971	6.8350 GBP	6.6900 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
10.5p ordinary	CFD	increasing a long position	114,942	6.6900 GBP
10.5p ordinary	CFD	increasing a long position	2,733	6.7246 GBP
10.5p ordinary	CFD	increasing a long position	1,214	6.7332 GBP
10.5p ordinary	CFD	increasing a long position	2,200	6.7422 GBP
10.5p ordinary	CFD	increasing a long position	1,224	6.7435 GBP
10.5p ordinary	CFD	increasing a long position	632	6.7491 GBP
10.5p ordinary	CFD	increasing a long position	11	6.7618 GBP
10.5p ordinary	CFD	increasing a long position	285	6.7645 GBP
10.5p ordinary	CFD	increasing a long position	7	6.8350 GBP
10.5p ordinary	CFD	increasing a short position	17,518	6.7250 GBP
10.5p ordinary	CFD	increasing a short position	13,168	6.7369 GBP
10.5p ordinary	CFD	increasing a short position	135	6.7399 GBP
10.5p ordinary	CFD	increasing a short position	12,745	6.7483 GBP
10.5p ordinary	CFD	increasing a short position	2,480	6.7483 GBP
10.5p ordinary	CFD	increasing a short position	32,546	6.7625 GBP
10.5p ordinary	CFD	reducing a long position	742	6.7240 GBP
10.5p ordinary	CFD	reducing a long position	1,092	6.7240 GBP
10.5p ordinary	CFD	reducing a long position	115,017	6.7275 GBP
10.5p ordinary	CFD	reducing a long position	203	6.7300 GBP
10.5p ordinary	CFD	reducing a long position	285	6.7308 GBP
10.5p ordinary	CFD	reducing a long position	6,621	6.7310 GBP
10.5p ordinary	CFD	reducing a long position	648	6.7477 GBP
10.5p ordinary	CFD	reducing a long position	11	6.7709 GBP
10.5p ordinary	CFD	reducing a short position	1,887	6.6900 GBP
10.5p ordinary	CFD	reducing a short position	4,377	6.6963 GBP
10.5p ordinary	CFD	reducing a short position	412	6.7056 GBP
10.5p ordinary	CFD	reducing a short position	1,553	6.7093 GBP
10.5p ordinary	CFD	reducing a short position	26,241	6.7203 GBP
10.5p ordinary	CFD	reducing a short position	8,700	6.7271 GBP
10.5p ordinary	CFD	reducing a short position	1	6.7300 GBP
10.5p ordinary	CFD	reducing a short position	2	6.7300 GBP
10.5p ordinary	CFD	reducing a short position	27	6.7346 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:	22 February 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