Form 8.5 (EPT/RI)-Barratt Developments Plc

Morgan Stanley & Co. Int'l plc

21 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	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:	20 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 - 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	1,251,523	4.8140 GBP	4.7470 GBP
10p ordinary	SALES	1,497,680	4.8150 GBP	4.7453 GBP
10p ordinary	PURCHASES	5,128	5.6176 EUR	5.6176 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	9	4.7719 GBP
10p ordinary	CFD	increasing a long position	422	4.7771 GBP
10p ordinary	CFD	increasing a long position	16,360	4.7777 GBP
10p ordinary	CFD	increasing a long position	11,798	4.7804 GBP
10p ordinary	CFD	increasing a long position	48,783	4.7814 GBP
10p ordinary	CFD	increasing a long position	752	4.7824 GBP
10p ordinary	CFD	increasing a long position	35,138	4.7869 GBP
10p ordinary	CFD	increasing a long position	3,806	4.7914 GBP
10p ordinary	CFD	increasing a long position	3,335	4.7919 GBP
10p ordinary	CFD	increasing a long position	7	4.7920 GBP
10p ordinary	CFD	increasing a long position	566	4.7926 GBP
10p ordinary	CFD	increasing a long position	128,025	4.7951 GBP
10p ordinary	CFD	increasing a long position	756	4.7954 GBP
10p ordinary	CFD	increasing a long position	6,831	4.7955 GBP
10p ordinary	CFD	increasing a long position	3,869	4.7972 GBP
10p ordinary	CFD	increasing a long position	2,412	4.7990 GBP
10p ordinary	CFD	increasing a long position	360,000	4.8021 GBP
10p ordinary	CFD	increasing a long position	7,183	4.8021 GBP
10p ordinary	CFD	increasing a long position	40,344	4.8040 GBP
10p ordinary	CFD	increasing a long position	1,096	4.8050 GBP
10p ordinary	CFD	increasing a long position	6,412	4.8080 GBP
10p ordinary	CFD	increasing a long position	20,182	4.8080 GBP
10p ordinary	CFD	increasing a long position	5,526	4.8080 GBP
10p ordinary	CFD	increasing a long position	6,927	4.8083 GBP
10p ordinary	CFD	increasing a long position	87	4.8150 GBP
10p ordinary	CFD	increasing a short position	1,031	4.7515 GBP
10p ordinary	CFD	increasing a short position	84	4.7581 GBP
10p ordinary	CFD	increasing a short position	278	4.7631 GBP
10p ordinary	CFD	increasing a short position	669	4.7710 GBP
10p ordinary	CFD	increasing a short position	293	4.7710 GBP
10p ordinary	CFD	increasing a short position	201	4.7817 GBP
10p ordinary	CFD	increasing a short position	4,496	4.7823 GBP
10p ordinary	CFD	increasing a short position	28,676	4.7825 GBP
10p ordinary	CFD	increasing a short position	3,891	4.7828 GBP
10p ordinary	CFD	increasing a short position	35,874	4.7877 GBP
10p ordinary	CFD	increasing a short position	23	4.7935 GBP
10p ordinary	CFD	increasing a short position	258	4.7944 GBP
10p ordinary	CFD	increasing a short position	5,128	4.8047 GBP
10p ordinary	CFD	increasing a short position	103,401	4.8080 GBP
10p ordinary	CFD	reducing a long position	6,592	4.7871 GBP
10p ordinary	CFD	reducing a long position	15,450	4.7879 GBP
10p ordinary	CFD	reducing a long position	1,235	4.7969 GBP
10p ordinary	CFD	reducing a long position	85,203	4.7971 GBP
10p ordinary	CFD	reducing a long position	49,820	4.7972 GBP
10p ordinary	CFD	reducing a long position	38,700	4.7983 GBP
10p ordinary	CFD	reducing a long position	11,865	4.7987 GBP
10p ordinary	CFD	reducing a long position	2,709	4.7999 GBP
10p ordinary	CFD	reducing a long position	19,610	4.8007 GBP
10p ordinary	CFD	reducing a long position	26,524	4.8009 GBP
10p ordinary	CFD	reducing a long position	7,745	4.8020 GBP
10p ordinary	CFD	reducing a long position	23	4.8076 GBP
10p ordinary	CFD	reducing a long position	7,258	4.8080 GBP
10p ordinary	CFD	reducing a long position	21,697	4.8080 GBP
10p ordinary	CFD	reducing a long position	590	4.8080 GBP
10p ordinary	CFD	reducing a short position	1,031	4.7711 GBP
10p ordinary	CFD	reducing a short position	2,493	4.7891 GBP
10p ordinary	CFD	reducing a short position	289	4.7891 GBP
10p ordinary	CFD	reducing a short position	876	4.7910 GBP
10p ordinary	CFD	reducing a short position	2,477	4.7914 GBP
10p ordinary	CFD	reducing a short position	23	4.7916 GBP
10p ordinary	CFD	reducing a short position	362	4.7919 GBP
10p ordinary	CFD	reducing a short position	28	4.7926 GBP
10p ordinary	CFD	reducing a short position	7,129	4.7944 GBP
10p ordinary	CFD	reducing a short position	897	4.7995 GBP
10p ordinary	CFD	reducing a short position	1,212	4.7995 GBP
10p ordinary	CFD	reducing a short position	2	4.8045 GBP
10p ordinary	CFD	reducing a short position	97	4.8080 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:	21 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