Form 8.5 (EPT/RI)- Redrow plc

Morgan Stanley & Co. Int'l plc

07 March 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:	06 March 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	SALES	296,299	6.6900 GBP	6.5549 GBP
10.5p ordinary	PURCHASES	127,479	6.7000 GBP	6.5234 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	961	6.5549 GBP
10.5p ordinary	CFD	increasing a long position	1,102	6.5550 GBP
10.5p ordinary	CFD	increasing a long position	135	6.5677 GBP
10.5p ordinary	CFD	increasing a long position	422	6.5696 GBP
10.5p ordinary	CFD	increasing a long position	117	6.5700 GBP
10.5p ordinary	CFD	increasing a long position	14	6.5764 GBP
10.5p ordinary	CFD	increasing a short position	2,036	6.5763 GBP
10.5p ordinary	CFD	increasing a short position	2	6.5950 GBP
10.5p ordinary	CFD	increasing a short position	933	6.6100 GBP
10.5p ordinary	CFD	increasing a short position	34,869	6.6202 GBP
10.5p ordinary	CFD	reducing a long position	135	6.5368 GBP
10.5p ordinary	CFD	reducing a long position	14	6.5582 GBP
10.5p ordinary	CFD	reducing a long position	6,924	6.5942 GBP
10.5p ordinary	CFD	reducing a long position	3,024	6.6202 GBP
10.5p ordinary	CFD	reducing a long position	20	6.6670 GBP
10.5p ordinary	CFD	reducing a long position	1,292	6.7000 GBP
10.5p ordinary	CFD	reducing a short position	1,119	6.5550 GBP
10.5p ordinary	CFD	reducing a short position	604	6.5550 GBP
10.5p ordinary	CFD	reducing a short position	1	6.5550 GBP
10.5p ordinary	CFD	reducing a short position	1,217	6.5550 GBP
10.5p ordinary	CFD	reducing a short position	34	6.5581 GBP
10.5p ordinary	CFD	reducing a short position	23	6.5696 GBP
10.5p ordinary	CFD	reducing a short position	36,544	6.5848 GBP
10.5p ordinary	CFD	reducing a short position	98,727	6.5990 GBP
10.5p ordinary	CFD	reducing a short position	9	6.6094 GBP
10.5p ordinary	CFD	reducing a short position	24	6.6104 GBP
10.5p ordinary	CFD	reducing a short position	43,603	6.6430 GBP
10.5p ordinary	CFD	reducing a short position	5,865	6.6450 GBP
10.5p ordinary	CFD	reducing a short position	24,846	6.6508 GBP
10.5p ordinary	CFD	reducing a short position	628	6.6654 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:	07 March 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