Form 8.5 (EPT/RI)-Barratt Developments Plc

Morgan Stanley & Co. Int'l plc

26 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:	23 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	SALES	1,415,449	4.8080 GBP	4.7450 GBP
10p ordinary	PURCHASES	977,278	4.8240 GBP	4.7550 GBP
10p ordinary	SALES	15,553	5.6054 EUR	5.6054 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	13,204	4.7700 GBP
10p ordinary	CFD	increasing a long position	11,123	4.7789 GBP
10p ordinary	CFD	increasing a long position	7,200	4.7789 GBP
10p ordinary	CFD	increasing a long position	758,132	4.7800 GBP
10p ordinary	CFD	increasing a long position	13,937	4.7809 GBP
10p ordinary	CFD	increasing a long position	3,869	4.7812 GBP
10p ordinary	CFD	increasing a long position	3,173	4.7819 GBP
10p ordinary	CFD	increasing a long position	2,071	4.7838 GBP
10p ordinary	CFD	increasing a long position	989	4.7838 GBP
10p ordinary	CFD	increasing a long position	62,015	4.7846 GBP
10p ordinary	CFD	increasing a long position	2,616	4.7850 GBP
10p ordinary	CFD	increasing a long position	1,312	4.7865 GBP
10p ordinary	CFD	increasing a long position	9,346	4.7868 GBP
10p ordinary	CFD	increasing a long position	39,602	4.7870 GBP
10p ordinary	CFD	increasing a long position	277	4.7887 GBP
10p ordinary	CFD	increasing a long position	552	4.7893 GBP
10p ordinary	CFD	increasing a long position	9,618	4.7903 GBP
10p ordinary	CFD	increasing a long position	167	4.7908 GBP
10p ordinary	CFD	increasing a long position	2,102	4.7984 GBP
10p ordinary	CFD	increasing a long position	2,139	4.8024 GBP
10p ordinary	CFD	increasing a short position	555	4.7693 GBP
10p ordinary	CFD	increasing a short position	5,183	4.7748 GBP
10p ordinary	CFD	increasing a short position	1,245	4.7756 GBP
10p ordinary	CFD	increasing a short position	14,725	4.7770 GBP
10p ordinary	CFD	increasing a short position	413	4.7787 GBP
10p ordinary	CFD	increasing a short position	366	4.7790 GBP
10p ordinary	CFD	increasing a short position	500	4.7800 GBP
10p ordinary	CFD	increasing a short position	4,815	4.7808 GBP
10p ordinary	CFD	increasing a short position	5,156	4.7816 GBP
10p ordinary	CFD	increasing a short position	28,411	4.7820 GBP
10p ordinary	CFD	increasing a short position	41,767	4.7833 GBP
10p ordinary	CFD	increasing a short position	711	4.7839 GBP
10p ordinary	CFD	increasing a short position	657	4.7851 GBP
10p ordinary	CFD	increasing a short position	15,328	4.7860 GBP
10p ordinary	CFD	increasing a short position	32,059	4.7865 GBP
10p ordinary	CFD	increasing a short position	9,294	4.7866 GBP
10p ordinary	CFD	increasing a short position	4,078	4.7866 GBP
10p ordinary	CFD	increasing a short position	285	4.7889 GBP
10p ordinary	CFD	increasing a short position	2,044	4.7897 GBP
10p ordinary	CFD	increasing a short position	238	4.7897 GBP
10p ordinary	CFD	increasing a short position	73	4.7920 GBP
10p ordinary	CFD	increasing a short position	295	4.7942 GBP
10p ordinary	CFD	reducing a long position	3	4.7627 GBP
10p ordinary	CFD	reducing a long position	1,185	4.7693 GBP
10p ordinary	CFD	reducing a long position	2,620	4.7772 GBP
10p ordinary	CFD	reducing a long position	32	4.7785 GBP
10p ordinary	CFD	reducing a long position	758,132	4.7800 GBP
10p ordinary	CFD	reducing a long position	143,022	4.7807 GBP
10p ordinary	CFD	reducing a long position	4,394	4.7816 GBP
10p ordinary	CFD	reducing a long position	105,100	4.7823 GBP
10p ordinary	CFD	reducing a long position	3,932	4.7830 GBP
10p ordinary	CFD	reducing a long position	256	4.7850 GBP
10p ordinary	CFD	reducing a long position	729	4.7850 GBP
10p ordinary	CFD	reducing a long position	64	4.7850 GBP
10p ordinary	CFD	reducing a long position	1	4.7850 GBP
10p ordinary	CFD	reducing a long position	62,015	4.7851 GBP
10p ordinary	CFD	reducing a long position	16,007	4.7851 GBP
10p ordinary	CFD	reducing a long position	2,139	4.7857 GBP
10p ordinary	CFD	reducing a long position	5,263	4.7868 GBP
10p ordinary	CFD	reducing a long position	13,050	4.7882 GBP
10p ordinary	CFD	reducing a long position	99,798	4.7888 GBP
10p ordinary	CFD	reducing a short position	366	4.7750 GBP
10p ordinary	CFD	reducing a short position	1,245	4.7809 GBP
10p ordinary	CFD	reducing a short position	5,156	4.7838 GBP
10p ordinary	CFD	reducing a short position	726,436	4.7850 GBP
10p ordinary	CFD	reducing a short position	5,087	4.7853 GBP
10p ordinary	CFD	reducing a short position	15,553	4.7865 GBP
10p ordinary	CFD	reducing a short position	555	4.7870 GBP
10p ordinary	CFD	reducing a short position	250	4.7875 GBP
10p ordinary	CFD	reducing a short position	338	4.7875 GBP
10p ordinary	CFD	reducing a short position	1,025	4.7911 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:	26 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