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: |
22 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 |
2,217,944 |
4.5570 GBP |
4.4595 GBP |
10p ordinary |
PURCHASES |
1,425,779 |
4.5615 GBP |
4.4595 GBP |
(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 |
242 |
4.4668 GBP |
10p ordinary |
CFD |
increasing a long position |
315 |
4.5069 GBP |
10p ordinary |
CFD |
increasing a long position |
234 |
4.5110 GBP |
10p ordinary |
CFD |
increasing a long position |
156 |
4.5119 GBP |
10p ordinary |
CFD |
increasing a long position |
20,624 |
4.5132 GBP |
10p ordinary |
CFD |
increasing a long position |
614 |
4.5160 GBP |
10p ordinary |
CFD |
increasing a long position |
606,906 |
4.5165 GBP |
10p ordinary |
CFD |
increasing a long position |
9,419 |
4.5180 GBP |
10p ordinary |
CFD |
increasing a long position |
25,722 |
4.5180 GBP |
10p ordinary |
CFD |
increasing a long position |
54,451 |
4.5198 GBP |
10p ordinary |
CFD |
increasing a long position |
35,643 |
4.5208 GBP |
10p ordinary |
CFD |
increasing a long position |
28,538 |
4.5213 GBP |
10p ordinary |
CFD |
increasing a long position |
2,380 |
4.5219 GBP |
10p ordinary |
CFD |
increasing a long position |
1,376 |
4.5356 GBP |
10p ordinary |
CFD |
increasing a long position |
211 |
4.5455 GBP |
10p ordinary |
CFD |
increasing a long position |
164 |
4.5460 GBP |
10p ordinary |
CFD |
increasing a long position |
14,100 |
4.5528 GBP |
10p ordinary |
CFD |
increasing a short position |
734 |
4.4650 GBP |
10p ordinary |
CFD |
increasing a short position |
281 |
4.4682 GBP |
10p ordinary |
CFD |
increasing a short position |
771 |
4.4682 GBP |
10p ordinary |
CFD |
increasing a short position |
371 |
4.4764 GBP |
10p ordinary |
CFD |
increasing a short position |
7,420 |
4.4859 GBP |
10p ordinary |
CFD |
increasing a short position |
1,000 |
4.4960 GBP |
10p ordinary |
CFD |
increasing a short position |
76,337 |
4.4978 GBP |
10p ordinary |
CFD |
increasing a short position |
1,300 |
4.4990 GBP |
10p ordinary |
CFD |
increasing a short position |
391 |
4.5010 GBP |
10p ordinary |
CFD |
increasing a short position |
4,608 |
4.5085 GBP |
10p ordinary |
CFD |
increasing a short position |
13,192 |
4.5129 GBP |
10p ordinary |
CFD |
increasing a short position |
13,137 |
4.5139 GBP |
10p ordinary |
CFD |
increasing a short position |
1,513 |
4.5139 GBP |
10p ordinary |
CFD |
increasing a short position |
2 |
4.5160 GBP |
10p ordinary |
CFD |
increasing a short position |
74,495 |
4.5180 GBP |
10p ordinary |
CFD |
increasing a short position |
5,300 |
4.5184 GBP |
10p ordinary |
CFD |
increasing a short position |
11,384 |
4.5186 GBP |
10p ordinary |
CFD |
increasing a short position |
98,828 |
4.5187 GBP |
10p ordinary |
CFD |
increasing a short position |
4,135 |
4.5194 GBP |
10p ordinary |
CFD |
increasing a short position |
25,904 |
4.5271 GBP |
10p ordinary |
CFD |
increasing a short position |
52,718 |
4.5302 GBP |
10p ordinary |
CFD |
reducing a long position |
1,156 |
4.4831 GBP |
10p ordinary |
CFD |
reducing a long position |
99 |
4.4960 GBP |
10p ordinary |
CFD |
reducing a long position |
14,342 |
4.4978 GBP |
10p ordinary |
CFD |
reducing a long position |
2,333 |
4.5178 GBP |
10p ordinary |
CFD |
reducing a long position |
31,308 |
4.5180 GBP |
10p ordinary |
CFD |
reducing a long position |
690 |
4.5180 GBP |
10p ordinary |
CFD |
reducing a long position |
1 |
4.5180 GBP |
10p ordinary |
CFD |
reducing a long position |
111 |
4.5181 GBP |
10p ordinary |
CFD |
reducing a long position |
23,446 |
4.5193 GBP |
10p ordinary |
CFD |
reducing a long position |
14 |
4.5424 GBP |
10p ordinary |
CFD |
reducing a short position |
734 |
4.4623 GBP |
10p ordinary |
CFD |
reducing a short position |
714 |
4.4931 GBP |
10p ordinary |
CFD |
reducing a short position |
3,800 |
4.4931 GBP |
10p ordinary |
CFD |
reducing a short position |
1,128 |
4.4931 GBP |
10p ordinary |
CFD |
reducing a short position |
12,723 |
4.4931 GBP |
10p ordinary |
CFD |
reducing a short position |
68,780 |
4.5072 GBP |
10p ordinary |
CFD |
reducing a short position |
13,192 |
4.5158 GBP |
10p ordinary |
CFD |
reducing a short position |
2,165 |
4.5173 GBP |
10p ordinary |
CFD |
reducing a short position |
4,827 |
4.5176 GBP |
10p ordinary |
CFD |
reducing a short position |
143 |
4.5176 GBP |
10p ordinary |
CFD |
reducing a short position |
40,000 |
4.5177 GBP |
10p ordinary |
CFD |
reducing a short position |
8,428 |
4.5177 GBP |
10p ordinary |
CFD |
reducing a short position |
59,600 |
4.5177 GBP |
10p ordinary |
CFD |
reducing a short position |
16,275 |
4.5177 GBP |
10p ordinary |
CFD |
reducing a short position |
13,017 |
4.5180 GBP |
10p ordinary |
CFD |
reducing a short position |
1,918 |
4.5180 GBP |
10p ordinary |
CFD |
reducing a short position |
23,625 |
4.5188 GBP |
10p ordinary |
CFD |
reducing a short position |
217 |
4.5191 GBP |
10p ordinary |
CFD |
reducing a short position |
960 |
4.5192 GBP |
10p ordinary |
CFD |
reducing a short position |
1 |
4.5200 GBP |
10p ordinary |
CFD |
reducing a short position |
57,041 |
4.5208 GBP |
10p ordinary |
CFD |
reducing a short position |
756 |
4.5213 GBP |
10p ordinary |
CFD |
reducing a short position |
2,609 |
4.5216 GBP |
10p ordinary |
CFD |
reducing a short position |
262 |
4.5240 GBP |
10p ordinary |
CFD |
reducing a short position |
15,661 |
4.5245 GBP |
10p ordinary |
CFD |
reducing a short position |
1,320 |
4.5259 GBP |
10p ordinary |
CFD |
reducing a short position |
3,944 |
4.5261 GBP |
10p ordinary |
CFD |
reducing a short position |
31,109 |
4.5274 GBP |
10p ordinary |
CFD |
reducing a short position |
9,221 |
4.5318 GBP |
10p ordinary |
CFD |
reducing a short position |
47,280 |
4.5353 GBP |
10p ordinary |
CFD |
reducing a short position |
1,942 |
4.5361 GBP |
10p ordinary |
CFD |
reducing a short position |
13,490 |
4.5376 GBP |
10p ordinary |
CFD |
reducing a short position |
279 |
4.5460 GBP |
10p ordinary |
CFD |
reducing a short position |
636 |
4.5460 GBP |
10p ordinary |
CFD |
reducing a short position |
7,600 |
4.5467 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: |
23 April 2024 |
Contact name: |
Craig Horsley |
Telephone number: |
+44 141 245-7736 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.