Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

05 April 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:	04 April 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	1,055,658	4.7300 GBP	4.6658 GBP
10p ordinary	SALES	1,146,202	4.7302 GBP	4.6633 GBP
10p ordinary	PURCHASES	8,174	5.5127 EUR	5.5127 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	69,268	4.6633 GBP
10p ordinary	CFD	increasing a long position	281	4.6660 GBP
10p ordinary	CFD	increasing a long position	107	4.6660 GBP
10p ordinary	CFD	increasing a long position	94	4.6694 GBP
10p ordinary	CFD	increasing a long position	1,319	4.6757 GBP
10p ordinary	CFD	increasing a long position	1,885	4.6846 GBP
10p ordinary	CFD	increasing a long position	795	4.6940 GBP
10p ordinary	CFD	increasing a long position	245,586	4.7017 GBP
10p ordinary	CFD	increasing a long position	34,978	4.7244 GBP
10p ordinary	CFD	increasing a long position	6,907	4.7250 GBP
10p ordinary	CFD	increasing a long position	324	4.7283 GBP
10p ordinary	CFD	increasing a long position	232	4.7284 GBP
10p ordinary	CFD	increasing a long position	91	4.7300 GBP
10p ordinary	CFD	increasing a short position	2,900	4.6700 GBP
10p ordinary	CFD	increasing a short position	11,197	4.6725 GBP
10p ordinary	CFD	increasing a short position	2,276	4.6779 GBP
10p ordinary	CFD	increasing a short position	9,212	4.6792 GBP
10p ordinary	CFD	increasing a short position	1,583	4.6795 GBP
10p ordinary	CFD	increasing a short position	73,260	4.6810 GBP
10p ordinary	CFD	increasing a short position	8,742	4.6871 GBP
10p ordinary	CFD	increasing a short position	257	4.6889 GBP
10p ordinary	CFD	increasing a short position	21,192	4.6896 GBP
10p ordinary	CFD	increasing a short position	592	4.6916 GBP
10p ordinary	CFD	increasing a short position	3,385	4.6935 GBP
10p ordinary	CFD	increasing a short position	4,020	4.7155 GBP
10p ordinary	CFD	increasing a short position	40,738	4.7205 GBP
10p ordinary	CFD	increasing a short position	276	4.7227 GBP
10p ordinary	CFD	increasing a short position	8,174	4.7281 GBP
10p ordinary	CFD	increasing a short position	10,691	4.7291 GBP
10p ordinary	CFD	increasing a short position	179	4.7300 GBP
10p ordinary	CFD	increasing a short position	59,775	4.7300 GBP
10p ordinary	CFD	reducing a long position	431,923	4.6680 GBP
10p ordinary	CFD	reducing a long position	2,106,571	4.6680 GBP
10p ordinary	CFD	reducing a long position	270,861	4.6680 GBP
10p ordinary	CFD	reducing a long position	149,570	4.6912 GBP
10p ordinary	CFD	reducing a long position	1	4.7000 GBP
10p ordinary	CFD	reducing a long position	2,985	4.7142 GBP
10p ordinary	CFD	reducing a long position	8,135	4.7162 GBP
10p ordinary	CFD	reducing a long position	46	4.7171 GBP
10p ordinary	CFD	reducing a long position	1,591	4.7262 GBP
10p ordinary	CFD	reducing a long position	38,977	4.7300 GBP
10p ordinary	CFD	reducing a long position	281	4.7300 GBP
10p ordinary	CFD	reducing a long position	212	4.7300 GBP
10p ordinary	CFD	reducing a long position	1	4.7300 GBP
10p ordinary	CFD	reducing a long position	3,755	4.7300 GBP
10p ordinary	CFD	reducing a short position	342	4.6660 GBP
10p ordinary	CFD	reducing a short position	431,923	4.6680 GBP
10p ordinary	CFD	reducing a short position	2,106,571	4.6680 GBP
10p ordinary	CFD	reducing a short position	270,861	4.6680 GBP
10p ordinary	CFD	reducing a short position	2,900	4.6720 GBP
10p ordinary	CFD	reducing a short position	2,595	4.6728 GBP
10p ordinary	CFD	reducing a short position	198	4.6759 GBP
10p ordinary	CFD	reducing a short position	446	4.6759 GBP
10p ordinary	CFD	reducing a short position	52	4.6783 GBP
10p ordinary	CFD	reducing a short position	9,212	4.6842 GBP
10p ordinary	CFD	reducing a short position	21,192	4.6898 GBP
10p ordinary	CFD	reducing a short position	119	4.6948 GBP
10p ordinary	CFD	reducing a short position	505	4.6960 GBP
10p ordinary	CFD	reducing a short position	60	4.6969 GBP
10p ordinary	CFD	reducing a short position	55,724	4.7020 GBP
10p ordinary	CFD	reducing a short position	63,453	4.7027 GBP
10p ordinary	CFD	reducing a short position	44,546	4.7081 GBP
10p ordinary	CFD	reducing a short position	2,914	4.7143 GBP
10p ordinary	CFD	reducing a short position	3,104	4.7172 GBP
10p ordinary	CFD	reducing a short position	4,313	4.7210 GBP
10p ordinary	CFD	reducing a short position	3,403	4.7218 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:	05 April 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