Form 8.5 (EPT/RI) - Barratt Developments Plc

Morgan Stanley & Co. Int'l plc

23 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:	22 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	1,169,777	4.8180 GBP	4.7580 GBP
10p ordinary	SALES	1,605,329	4.8182 GBP	4.7590 GBP
10p ordinary	SALES	11,485	5.5922 EUR	5.5922 EUR
10p ordinary	SALES	20,459	6.0467 USD	6.0386 USD

(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	4,394	4.7750 GBP
10p ordinary	CFD	increasing a long position	3,407	4.7762 GBP
10p ordinary	CFD	increasing a long position	176	4.7763 GBP
10p ordinary	CFD	increasing a long position	1,100	4.7765 GBP
10p ordinary	CFD	increasing a long position	2,552	4.7784 GBP
10p ordinary	CFD	increasing a long position	728	4.7798 GBP
10p ordinary	CFD	increasing a long position	5,798	4.7798 GBP
10p ordinary	CFD	increasing a long position	42,846	4.7800 GBP
10p ordinary	CFD	increasing a long position	4,140	4.7807 GBP
10p ordinary	CFD	increasing a long position	3,869	4.7812 GBP
10p ordinary	CFD	increasing a long position	21,600	4.7812 GBP
10p ordinary	CFD	increasing a long position	292	4.7957 GBP
10p ordinary	CFD	increasing a long position	1,254	4.7976 GBP
10p ordinary	CFD	increasing a long position	758,132	4.8180 GBP
10p ordinary	CFD	increasing a short position	237	4.7757 GBP
10p ordinary	CFD	increasing a short position	14,849	4.7780 GBP
10p ordinary	CFD	increasing a short position	16,142	4.7783 GBP
10p ordinary	CFD	increasing a short position	5,871	4.7783 GBP
10p ordinary	CFD	increasing a short position	27,987	4.7783 GBP
10p ordinary	CFD	increasing a short position	5,952	4.7784 GBP
10p ordinary	CFD	increasing a short position	1,581	4.7795 GBP
10p ordinary	CFD	increasing a short position	2,088	4.7795 GBP
10p ordinary	CFD	increasing a short position	18,557	4.7797 GBP
10p ordinary	CFD	increasing a short position	1,427	4.7800 GBP
10p ordinary	CFD	increasing a short position	90,790	4.7800 GBP
10p ordinary	CFD	increasing a short position	1	4.7800 GBP
10p ordinary	CFD	increasing a short position	18,519	4.7801 GBP
10p ordinary	CFD	increasing a short position	2,584	4.7804 GBP
10p ordinary	CFD	increasing a short position	54,413	4.7807 GBP
10p ordinary	CFD	increasing a short position	41,304	4.7807 GBP
10p ordinary	CFD	increasing a short position	369	4.7814 GBP
10p ordinary	CFD	increasing a short position	2,541	4.7814 GBP
10p ordinary	CFD	increasing a short position	1,878	4.7814 GBP
10p ordinary	CFD	increasing a short position	3,661	4.7818 GBP
10p ordinary	CFD	increasing a short position	4,279	4.7819 GBP
10p ordinary	CFD	increasing a short position	29,421	4.7830 GBP
10p ordinary	CFD	increasing a short position	1,127	4.7831 GBP
10p ordinary	CFD	increasing a short position	1,265	4.7835 GBP
10p ordinary	CFD	increasing a short position	146	4.7835 GBP
10p ordinary	CFD	increasing a short position	929	4.7908 GBP
10p ordinary	CFD	increasing a short position	8,508	4.7935 GBP
10p ordinary	CFD	increasing a short position	44	4.8180 GBP
10p ordinary	CFD	reducing a long position	74	4.7772 GBP
10p ordinary	CFD	reducing a long position	12,430	4.7776 GBP
10p ordinary	CFD	reducing a long position	5	4.7792 GBP
10p ordinary	CFD	reducing a long position	131,200	4.7794 GBP
10p ordinary	CFD	reducing a long position	10,283	4.7796 GBP
10p ordinary	CFD	reducing a long position	5,317	4.7800 GBP
10p ordinary	CFD	reducing a long position	2,079	4.7800 GBP
10p ordinary	CFD	reducing a long position	104	4.7800 GBP
10p ordinary	CFD	reducing a long position	48,813	4.7800 GBP
10p ordinary	CFD	reducing a long position	1,321	4.7801 GBP
10p ordinary	CFD	reducing a long position	39,198	4.7801 GBP
10p ordinary	CFD	reducing a long position	1,963	4.7803 GBP
10p ordinary	CFD	reducing a long position	1,231	4.7809 GBP
10p ordinary	CFD	reducing a long position	5,157	4.7810 GBP
10p ordinary	CFD	reducing a long position	72,978	4.7812 GBP
10p ordinary	CFD	reducing a long position	11,119	4.7870 GBP
10p ordinary	CFD	reducing a long position	1,254	4.7934 GBP
10p ordinary	CFD	reducing a short position	9,222	4.7750 GBP
10p ordinary	CFD	reducing a short position	179	4.7759 GBP
10p ordinary	CFD	reducing a short position	677	4.7760 GBP
10p ordinary	CFD	reducing a short position	1,543	4.7760 GBP
10p ordinary	CFD	reducing a short position	1,581	4.7777 GBP
10p ordinary	CFD	reducing a short position	8,508	4.7780 GBP
10p ordinary	CFD	reducing a short position	146,182	4.7793 GBP
10p ordinary	CFD	reducing a short position	25,915	4.7799 GBP
10p ordinary	CFD	reducing a short position	1	4.7800 GBP
10p ordinary	CFD	reducing a short position	4,570	4.7803 GBP
10p ordinary	CFD	reducing a short position	11,485	4.7803 GBP
10p ordinary	CFD	reducing a short position	64	4.7815 GBP
10p ordinary	CFD	reducing a short position	361	4.7817 GBP
10p ordinary	CFD	reducing a short position	92	4.7830 GBP
10p ordinary	CFD	reducing a short position	29,421	4.7848 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:	23 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