Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

30 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:	29 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	1,028,017	4.6090 GBP	4.5580 GBP
10p ordinary	SALES	787,021	4.6369 GBP	4.5577 GBP
10p ordinary	SALES	19,766	5.3514 EUR	5.3514 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	90,000	4.5676 GBP
10p ordinary	CFD	increasing a long position	9,694	4.5685 GBP
10p ordinary	CFD	increasing a long position	3,392	4.5686 GBP
10p ordinary	CFD	increasing a long position	162	4.5700 GBP
10p ordinary	CFD	increasing a long position	12	4.5700 GBP
10p ordinary	CFD	increasing a long position	870	4.5701 GBP
10p ordinary	CFD	increasing a long position	12,517	4.5702 GBP
10p ordinary	CFD	increasing a long position	97	4.5703 GBP
10p ordinary	CFD	increasing a long position	19,766	4.5706 GBP
10p ordinary	CFD	increasing a long position	4,336	4.5711 GBP
10p ordinary	CFD	increasing a long position	6,270	4.5714 GBP
10p ordinary	CFD	increasing a long position	2,637	4.5715 GBP
10p ordinary	CFD	increasing a long position	2,695	4.5748 GBP
10p ordinary	CFD	increasing a long position	13	4.5783 GBP
10p ordinary	CFD	increasing a long position	4,460	4.5845 GBP
10p ordinary	CFD	increasing a long position	6,141	4.5928 GBP
10p ordinary	CFD	increasing a short position	742	4.5580 GBP
10p ordinary	CFD	increasing a short position	86	4.5644 GBP
10p ordinary	CFD	increasing a short position	448	4.5660 GBP
10p ordinary	CFD	increasing a short position	1,016	4.5660 GBP
10p ordinary	CFD	increasing a short position	31,393	4.5699 GBP
10p ordinary	CFD	increasing a short position	200	4.5700 GBP
10p ordinary	CFD	increasing a short position	39,015	4.5700 GBP
10p ordinary	CFD	increasing a short position	4,575	4.5700 GBP
10p ordinary	CFD	increasing a short position	3,974	4.5702 GBP
10p ordinary	CFD	increasing a short position	786	4.5703 GBP
10p ordinary	CFD	increasing a short position	1,782	4.5703 GBP
10p ordinary	CFD	increasing a short position	19,682	4.5703 GBP
10p ordinary	CFD	increasing a short position	2,293	4.5703 GBP
10p ordinary	CFD	increasing a short position	9,525	4.5704 GBP
10p ordinary	CFD	increasing a short position	8,611	4.5706 GBP
10p ordinary	CFD	increasing a short position	1,311	4.5710 GBP
10p ordinary	CFD	increasing a short position	7,432	4.5714 GBP
10p ordinary	CFD	increasing a short position	23,576	4.5715 GBP
10p ordinary	CFD	increasing a short position	4,263	4.5723 GBP
10p ordinary	CFD	increasing a short position	17,600	4.5726 GBP
10p ordinary	CFD	increasing a short position	4,751	4.5729 GBP
10p ordinary	CFD	increasing a short position	563	4.5738 GBP
10p ordinary	CFD	increasing a short position	7,271	4.5742 GBP
10p ordinary	CFD	increasing a short position	12,893	4.5744 GBP
10p ordinary	CFD	increasing a short position	7,760	4.5764 GBP
10p ordinary	CFD	increasing a short position	7,666	4.5770 GBP
10p ordinary	CFD	increasing a short position	45	4.5786 GBP
10p ordinary	CFD	increasing a short position	54	4.6019 GBP
10p ordinary	CFD	reducing a long position	7,906	4.5699 GBP
10p ordinary	CFD	reducing a long position	79,284	4.5700 GBP
10p ordinary	CFD	reducing a long position	29,105	4.5700 GBP
10p ordinary	CFD	reducing a long position	18,524	4.5700 GBP
10p ordinary	CFD	reducing a long position	1,954	4.5700 GBP
10p ordinary	CFD	reducing a long position	8,799	4.5700 GBP
10p ordinary	CFD	reducing a long position	2,602	4.5702 GBP
10p ordinary	CFD	reducing a long position	309	4.5703 GBP
10p ordinary	CFD	reducing a long position	6,844	4.5710 GBP
10p ordinary	CFD	reducing a long position	2,143	4.5758 GBP
10p ordinary	CFD	reducing a long position	253	4.5827 GBP
10p ordinary	CFD	reducing a short position	565	4.5577 GBP
10p ordinary	CFD	reducing a short position	664	4.5639 GBP
10p ordinary	CFD	reducing a short position	1	4.5640 GBP
10p ordinary	CFD	reducing a short position	477	4.5640 GBP
10p ordinary	CFD	reducing a short position	295	4.5666 GBP
10p ordinary	CFD	reducing a short position	1,565	4.5685 GBP
10p ordinary	CFD	reducing a short position	114	4.5689 GBP
10p ordinary	CFD	reducing a short position	24,137	4.5700 GBP
10p ordinary	CFD	reducing a short position	2,288	4.5700 GBP
10p ordinary	CFD	reducing a short position	2,610	4.5702 GBP
10p ordinary	CFD	reducing a short position	6,255	4.5710 GBP
10p ordinary	CFD	reducing a short position	2	4.5712 GBP
10p ordinary	CFD	reducing a short position	3,508	4.5739 GBP
10p ordinary	CFD	reducing a short position	404	4.5739 GBP
10p ordinary	CFD	reducing a short position	33,133	4.5747 GBP
10p ordinary	CFD	reducing a short position	5,966	4.5751 GBP
10p ordinary	CFD	reducing a short position	41	4.5751 GBP
10p ordinary	CFD	reducing a short position	118	4.5751 GBP
10p ordinary	CFD	reducing a short position	20	4.5751 GBP
10p ordinary	CFD	reducing a short position	33,946	4.5752 GBP
10p ordinary	CFD	reducing a short position	5,795	4.5782 GBP
10p ordinary	CFD	reducing a short position	1,518	4.5893 GBP
10p ordinary	CFD	reducing a short position	5,682	4.5987 GBP
10p ordinary	CFD	reducing a short position	76	4.5988 GBP
10p ordinary	CFD	reducing a short position	3,488	4.5997 GBP
10p ordinary	CFD	reducing a short position	819	4.6012 GBP
10p ordinary	CFD	reducing a short position	1,874	4.6012 GBP
10p ordinary	CFD	reducing a short position	54	4.6032 GBP
10p ordinary	CFD	reducing a short position	4,751	4.6218 GBP
10p ordinary	CFD	reducing a short position	310	4.6369 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:	30 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