Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

08 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:	05 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	SALES	900,420	4.6815 GBP	4.6460 GBP
10p ordinary	PURCHASES	639,986	4.6860 GBP	4.6410 GBP
10p ordinary	SALES	28,719	5.4238 EUR	5.4238 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	12,874	4.6533 GBP
10p ordinary	CFD	increasing a long position	2,868	4.6548 GBP
10p ordinary	CFD	increasing a long position	206	4.6550 GBP
10p ordinary	CFD	increasing a long position	1	4.6550 GBP
10p ordinary	CFD	increasing a long position	1,717	4.6550 GBP
10p ordinary	CFD	increasing a long position	5,173	4.6554 GBP
10p ordinary	CFD	increasing a long position	28,719	4.6554 GBP
10p ordinary	CFD	increasing a long position	52,389	4.6597 GBP
10p ordinary	CFD	increasing a long position	1,207	4.6664 GBP
10p ordinary	CFD	increasing a long position	743	4.6669 GBP
10p ordinary	CFD	increasing a long position	8,952	4.6696 GBP
10p ordinary	CFD	increasing a long position	3,153	4.6701 GBP
10p ordinary	CFD	increasing a long position	3,116	4.6703 GBP
10p ordinary	CFD	increasing a long position	11,059	4.6758 GBP
10p ordinary	CFD	increasing a short position	10,822	4.6522 GBP
10p ordinary	CFD	increasing a short position	162	4.6537 GBP
10p ordinary	CFD	increasing a short position	5,656	4.6550 GBP
10p ordinary	CFD	increasing a short position	657	4.6550 GBP
10p ordinary	CFD	increasing a short position	22,559	4.6551 GBP
10p ordinary	CFD	increasing a short position	33	4.6553 GBP
10p ordinary	CFD	increasing a short position	192	4.6572 GBP
10p ordinary	CFD	increasing a short position	85	4.6573 GBP
10p ordinary	CFD	increasing a short position	25,354	4.6634 GBP
10p ordinary	CFD	increasing a short position	49,980	4.6642 GBP
10p ordinary	CFD	increasing a short position	29,258	4.6748 GBP
10p ordinary	CFD	increasing a short position	1,287	4.6751 GBP
10p ordinary	CFD	reducing a long position	3,153	4.6522 GBP
10p ordinary	CFD	reducing a long position	5,125	4.6524 GBP
10p ordinary	CFD	reducing a long position	1,549	4.6539 GBP
10p ordinary	CFD	reducing a long position	29	4.6550 GBP
10p ordinary	CFD	reducing a long position	16,799	4.6551 GBP
10p ordinary	CFD	reducing a long position	100	4.6580 GBP
10p ordinary	CFD	reducing a long position	30,001	4.6590 GBP
10p ordinary	CFD	reducing a long position	7,867	4.6612 GBP
10p ordinary	CFD	reducing a long position	3,116	4.6624 GBP
10p ordinary	CFD	reducing a long position	70	4.6627 GBP
10p ordinary	CFD	reducing a long position	68,630	4.6634 GBP
10p ordinary	CFD	reducing a long position	727	4.6646 GBP
10p ordinary	CFD	reducing a long position	11,059	4.6688 GBP
10p ordinary	CFD	reducing a long position	750	4.6800 GBP
10p ordinary	CFD	reducing a long position	1	4.6820 GBP
10p ordinary	CFD	reducing a short position	114,344	4.6550 GBP
10p ordinary	CFD	reducing a short position	2,286	4.6550 GBP
10p ordinary	CFD	reducing a short position	1,041	4.6550 GBP
10p ordinary	CFD	reducing a short position	41,550	4.6555 GBP
10p ordinary	CFD	reducing a short position	111,122	4.6558 GBP
10p ordinary	CFD	reducing a short position	44	4.6574 GBP
10p ordinary	CFD	reducing a short position	6,277	4.6597 GBP
10p ordinary	CFD	reducing a short position	8,791	4.6644 GBP
10p ordinary	CFD	reducing a short position	1,013	4.6644 GBP
10p ordinary	CFD	reducing a short position	11,109	4.6669 GBP
10p ordinary	CFD	reducing a short position	65,829	4.6674 GBP
10p ordinary	CFD	reducing a short position	107	4.6694 GBP
10p ordinary	CFD	reducing a short position	1,287	4.6701 GBP
10p ordinary	CFD	reducing a short position	4,545	4.6713 GBP
10p ordinary	CFD	reducing a short position	3,635	4.6715 GBP
10p ordinary	CFD	reducing a short position	1,595	4.6726 GBP
10p ordinary	CFD	reducing a short position	1,267	4.6727 GBP
10p ordinary	CFD	reducing a short position	22,559	4.6730 GBP
10p ordinary	CFD	reducing a short position	1,188	4.6731 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:	08 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