Form 8.5 (EPT/RI)-Barratt Developments Plc

Morgan Stanley & Co. Int'l plc

14 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	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:	13 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 - 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	670,981	4.7600 GBP	4.7290 GBP
10p ordinary	PURCHASES	3,796,827	4.7650 GBP	4.7260 GBP
10p ordinary	PURCHASES	6,675	5.5381 EUR	5.5381 EUR
10p ordinary	PURCHASES	871	6.0613 USD	6.0613 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	1,441	4.7333 GBP
10p ordinary	CFD	increasing a long position	4,158	4.7341 GBP
10p ordinary	CFD	increasing a long position	6,536	4.7360 GBP
10p ordinary	CFD	increasing a long position	6	4.7369 GBP
10p ordinary	CFD	increasing a long position	668	4.7370 GBP
10p ordinary	CFD	increasing a long position	55	4.7370 GBP
10p ordinary	CFD	increasing a long position	15,105	4.7370 GBP
10p ordinary	CFD	increasing a long position	21,730	4.7373 GBP
10p ordinary	CFD	increasing a long position	3,596	4.7379 GBP
10p ordinary	CFD	increasing a long position	12,927	4.7380 GBP
10p ordinary	CFD	increasing a long position	3,458	4.7400 GBP
10p ordinary	CFD	increasing a long position	151	4.7403 GBP
10p ordinary	CFD	increasing a long position	965	4.7417 GBP
10p ordinary	CFD	increasing a long position	82	4.7427 GBP
10p ordinary	CFD	increasing a long position	1,603	4.7467 GBP
10p ordinary	CFD	increasing a long position	26	4.7500 GBP
10p ordinary	CFD	increasing a short position	1,600	4.7354 GBP
10p ordinary	CFD	increasing a short position	560	4.7362 GBP
10p ordinary	CFD	increasing a short position	1,248	4.7362 GBP
10p ordinary	CFD	increasing a short position	3,710	4.7365 GBP
10p ordinary	CFD	increasing a short position	11,754	4.7369 GBP
10p ordinary	CFD	increasing a short position	7,377	4.7370 GBP
10p ordinary	CFD	increasing a short position	16,090	4.7370 GBP
10p ordinary	CFD	increasing a short position	645	4.7370 GBP
10p ordinary	CFD	increasing a short position	7,232	4.7370 GBP
10p ordinary	CFD	increasing a short position	2	4.7370 GBP
10p ordinary	CFD	increasing a short position	2,065	4.7374 GBP
10p ordinary	CFD	increasing a short position	6,675	4.7375 GBP
10p ordinary	CFD	increasing a short position	37,349	4.7377 GBP
10p ordinary	CFD	increasing a short position	16,067	4.7379 GBP
10p ordinary	CFD	increasing a short position	28,089	4.7379 GBP
10p ordinary	CFD	increasing a short position	5,844	4.7379 GBP
10p ordinary	CFD	increasing a short position	3,181	4.7380 GBP
10p ordinary	CFD	increasing a short position	33,437	4.7384 GBP
10p ordinary	CFD	increasing a short position	21,137	4.7388 GBP
10p ordinary	CFD	increasing a short position	797	4.7388 GBP
10p ordinary	CFD	increasing a short position	108	4.7388 GBP
10p ordinary	CFD	increasing a short position	273	4.7388 GBP
10p ordinary	CFD	increasing a short position	77	4.7392 GBP
10p ordinary	CFD	increasing a short position	16,249	4.7393 GBP
10p ordinary	CFD	increasing a short position	795	4.7393 GBP
10p ordinary	CFD	increasing a short position	5,061	4.7396 GBP
10p ordinary	CFD	increasing a short position	581	4.7396 GBP
10p ordinary	CFD	increasing a short position	4,989	4.7399 GBP
10p ordinary	CFD	increasing a short position	5,983	4.7401 GBP
10p ordinary	CFD	increasing a short position	4,157	4.7408 GBP
10p ordinary	CFD	increasing a short position	478	4.7420 GBP
10p ordinary	CFD	increasing a short position	1,773	4.7420 GBP
10p ordinary	CFD	increasing a short position	834	4.7425 GBP
10p ordinary	CFD	increasing a short position	30,909	4.7427 GBP
10p ordinary	CFD	increasing a short position	74	4.7434 GBP
10p ordinary	CFD	increasing a short position	4,233	4.7436 GBP
10p ordinary	CFD	increasing a short position	28,089	4.7437 GBP
10p ordinary	CFD	increasing a short position	5,844	4.7437 GBP
10p ordinary	CFD	increasing a short position	16,067	4.7437 GBP
10p ordinary	CFD	increasing a short position	391	4.7498 GBP
10p ordinary	CFD	increasing a short position	25,606	4.7554 GBP
10p ordinary	CFD	increasing a short position	1,151	4.7599 GBP
10p ordinary	CFD	reducing a long position	55	4.7342 GBP
10p ordinary	CFD	reducing a long position	3,340	4.7345 GBP
10p ordinary	CFD	reducing a long position	94	4.7370 GBP
10p ordinary	CFD	reducing a long position	871	4.7370 GBP
10p ordinary	CFD	reducing a long position	1,532	4.7370 GBP
10p ordinary	CFD	reducing a long position	30,310	4.7376 GBP
10p ordinary	CFD	reducing a long position	284	4.7384 GBP
10p ordinary	CFD	reducing a long position	1,596	4.7393 GBP
10p ordinary	CFD	reducing a long position	16,069	4.7401 GBP
10p ordinary	CFD	reducing a long position	3,135	4.7457 GBP
10p ordinary	CFD	reducing a long position	3,072,535	4.7500 GBP
10p ordinary	CFD	reducing a long position	13,021	4.7532 GBP
10p ordinary	CFD	reducing a short position	523	4.7301 GBP
10p ordinary	CFD	reducing a short position	82	4.7317 GBP
10p ordinary	CFD	reducing a short position	459	4.7338 GBP
10p ordinary	CFD	reducing a short position	2,745	4.7348 GBP
10p ordinary	CFD	reducing a short position	1,600	4.7367 GBP
10p ordinary	CFD	reducing a short position	17,706	4.7370 GBP
10p ordinary	CFD	reducing a short position	441	4.7377 GBP
10p ordinary	CFD	reducing a short position	981	4.7377 GBP
10p ordinary	CFD	reducing a short position	1,280	4.7380 GBP
10p ordinary	CFD	reducing a short position	34,706	4.7381 GBP
10p ordinary	CFD	reducing a short position	5,289	4.7383 GBP
10p ordinary	CFD	reducing a short position	529	4.7390 GBP
10p ordinary	CFD	reducing a short position	43,490	4.7391 GBP
10p ordinary	CFD	reducing a short position	189	4.7403 GBP
10p ordinary	CFD	reducing a short position	12,228	4.7427 GBP
10p ordinary	CFD	reducing a short position	575	4.7428 GBP
10p ordinary	CFD	reducing a short position	5,983	4.7459 GBP
10p ordinary	CFD	reducing a short position	78	4.7470 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:	14 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