Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

11 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:	10 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	1,788,381	4.7307 GBP	4.5480 GBP
10p ordinary	SALES	1,321,647	4.7400 GBP	4.5510 GBP
10p ordinary	PURCHASES	10,367	5.3261 EUR	5.3261 EUR
10p ordinary	PURCHASES	587	5.7106 USD	5.7106 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	13,705	4.5590 GBP
10p ordinary	CFD	increasing a long position	153	4.5590 GBP
10p ordinary	CFD	increasing a long position	12,010	4.5590 GBP
10p ordinary	CFD	increasing a long position	3,189	4.5622 GBP
10p ordinary	CFD	increasing a long position	25,094	4.6368 GBP
10p ordinary	CFD	increasing a long position	31,513	4.6976 GBP
10p ordinary	CFD	increasing a long position	35	4.6993 GBP
10p ordinary	CFD	increasing a long position	3,628	4.7003 GBP
10p ordinary	CFD	increasing a long position	1,650	4.7011 GBP
10p ordinary	CFD	increasing a long position	190	4.7028 GBP
10p ordinary	CFD	increasing a long position	3,140	4.7089 GBP
10p ordinary	CFD	increasing a long position	2,754	4.7148 GBP
10p ordinary	CFD	increasing a long position	6,524	4.7177 GBP
10p ordinary	CFD	increasing a short position	630	4.5524 GBP
10p ordinary	CFD	increasing a short position	1,053	4.5583 GBP
10p ordinary	CFD	increasing a short position	1,466	4.5584 GBP
10p ordinary	CFD	increasing a short position	8,169	4.5588 GBP
10p ordinary	CFD	increasing a short position	3,698	4.5590 GBP
10p ordinary	CFD	increasing a short position	959	4.5590 GBP
10p ordinary	CFD	increasing a short position	26,944	4.5592 GBP
10p ordinary	CFD	increasing a short position	2,438	4.5593 GBP
10p ordinary	CFD	increasing a short position	1,080	4.5593 GBP
10p ordinary	CFD	increasing a short position	40,966	4.5595 GBP
10p ordinary	CFD	increasing a short position	174,907	4.5597 GBP
10p ordinary	CFD	increasing a short position	10,367	4.5606 GBP
10p ordinary	CFD	increasing a short position	20,617	4.5638 GBP
10p ordinary	CFD	increasing a short position	6,075	4.5695 GBP
10p ordinary	CFD	increasing a short position	59,271	4.5708 GBP
10p ordinary	CFD	increasing a short position	55,763	4.5715 GBP
10p ordinary	CFD	increasing a short position	32,438	4.5715 GBP
10p ordinary	CFD	increasing a short position	11,799	4.5715 GBP
10p ordinary	CFD	increasing a short position	2,065	4.5839 GBP
10p ordinary	CFD	increasing a short position	3,896	4.5903 GBP
10p ordinary	CFD	increasing a short position	193,200	4.5954 GBP
10p ordinary	CFD	increasing a short position	7,547	4.6022 GBP
10p ordinary	CFD	increasing a short position	27,881	4.6153 GBP
10p ordinary	CFD	increasing a short position	5,900	4.6153 GBP
10p ordinary	CFD	increasing a short position	16,219	4.6153 GBP
10p ordinary	CFD	increasing a short position	51,644	4.6284 GBP
10p ordinary	CFD	increasing a short position	3,643	4.6327 GBP
10p ordinary	CFD	increasing a short position	25,697	4.6392 GBP
10p ordinary	CFD	increasing a short position	23,893	4.6401 GBP
10p ordinary	CFD	increasing a short position	49,200	4.6432 GBP
10p ordinary	CFD	increasing a short position	5,900	4.6661 GBP
10p ordinary	CFD	increasing a short position	27,881	4.6661 GBP
10p ordinary	CFD	increasing a short position	16,219	4.6661 GBP
10p ordinary	CFD	increasing a short position	6,070	4.7130 GBP
10p ordinary	CFD	increasing a short position	2,690	4.7130 GBP
10p ordinary	CFD	reducing a long position	3,198	4.5583 GBP
10p ordinary	CFD	reducing a long position	4,454	4.5584 GBP
10p ordinary	CFD	reducing a long position	7,167	4.5590 GBP
10p ordinary	CFD	reducing a long position	2,274	4.5590 GBP
10p ordinary	CFD	reducing a long position	12,235	4.5590 GBP
10p ordinary	CFD	reducing a long position	587	4.5590 GBP
10p ordinary	CFD	reducing a long position	11,414	4.5592 GBP
10p ordinary	CFD	reducing a long position	29,628	4.5613 GBP
10p ordinary	CFD	reducing a long position	27,286	4.5706 GBP
10p ordinary	CFD	reducing a long position	26,676	4.5878 GBP
10p ordinary	CFD	reducing a long position	18,129	4.5980 GBP
10p ordinary	CFD	reducing a long position	1,479	4.6582 GBP
10p ordinary	CFD	reducing a long position	4,488	4.6655 GBP
10p ordinary	CFD	reducing a long position	25,094	4.6709 GBP
10p ordinary	CFD	reducing a long position	171,599	4.6814 GBP
10p ordinary	CFD	reducing a long position	19	4.6945 GBP
10p ordinary	CFD	reducing a long position	14	4.7090 GBP
10p ordinary	CFD	reducing a long position	2,754	4.7195 GBP
10p ordinary	CFD	reducing a short position	8,319	4.5583 GBP
10p ordinary	CFD	reducing a short position	4,179	4.5590 GBP
10p ordinary	CFD	reducing a short position	4,166	4.5590 GBP
10p ordinary	CFD	reducing a short position	782	4.5946 GBP
10p ordinary	CFD	reducing a short position	203,895	4.6069 GBP
10p ordinary	CFD	reducing a short position	173	4.6074 GBP
10p ordinary	CFD	reducing a short position	1,500	4.6074 GBP
10p ordinary	CFD	reducing a short position	43,195	4.6191 GBP
10p ordinary	CFD	reducing a short position	140,392	4.6345 GBP
10p ordinary	CFD	reducing a short position	55,553	4.6671 GBP
10p ordinary	CFD	reducing a short position	11,042	4.6720 GBP
10p ordinary	CFD	reducing a short position	913	4.6722 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:	11 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