Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

01 May 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:	30 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	1,744,414	4.6070 GBP	4.5370 GBP
10p ordinary	SALES	873,260	4.6070 GBP	4.5360 GBP
10p ordinary	SALES	30,307	5.3268 EUR	5.3268 EUR
10p ordinary	PURCHASES	6,400	5.7261 USD	5.7261 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	155	4.5470 GBP
10p ordinary	CFD	increasing a long position	198	4.5470 GBP
10p ordinary	CFD	increasing a long position	293	4.5477 GBP
10p ordinary	CFD	increasing a long position	1,699	4.5478 GBP
10p ordinary	CFD	increasing a long position	4,169	4.5507 GBP
10p ordinary	CFD	increasing a long position	2,494	4.5517 GBP
10p ordinary	CFD	increasing a long position	367	4.5533 GBP
10p ordinary	CFD	increasing a long position	1,704	4.5573 GBP
10p ordinary	CFD	increasing a long position	3,836	4.5574 GBP
10p ordinary	CFD	increasing a long position	122,400	4.5866 GBP
10p ordinary	CFD	increasing a long position	396	4.5870 GBP
10p ordinary	CFD	increasing a long position	298	4.5870 GBP
10p ordinary	CFD	increasing a long position	4,113	4.5989 GBP
10p ordinary	CFD	increasing a short position	329	4.5429 GBP
10p ordinary	CFD	increasing a short position	457	4.5430 GBP
10p ordinary	CFD	increasing a short position	13,997	4.5468 GBP
10p ordinary	CFD	increasing a short position	610,940	4.5470 GBP
10p ordinary	CFD	increasing a short position	20,942	4.5470 GBP
10p ordinary	CFD	increasing a short position	15,433	4.5470 GBP
10p ordinary	CFD	increasing a short position	488	4.5470 GBP
10p ordinary	CFD	increasing a short position	309	4.5470 GBP
10p ordinary	CFD	increasing a short position	8,770	4.5470 GBP
10p ordinary	CFD	increasing a short position	56	4.5471 GBP
10p ordinary	CFD	increasing a short position	4,875	4.5473 GBP
10p ordinary	CFD	increasing a short position	20,938	4.5482 GBP
10p ordinary	CFD	increasing a short position	250	4.5485 GBP
10p ordinary	CFD	increasing a short position	568	4.5485 GBP
10p ordinary	CFD	increasing a short position	59,860	4.5487 GBP
10p ordinary	CFD	increasing a short position	9,300	4.5494 GBP
10p ordinary	CFD	increasing a short position	6,043	4.5496 GBP
10p ordinary	CFD	increasing a short position	5	4.5553 GBP
10p ordinary	CFD	increasing a short position	5,468	4.5553 GBP
10p ordinary	CFD	increasing a short position	28	4.5556 GBP
10p ordinary	CFD	increasing a short position	1	4.5650 GBP
10p ordinary	CFD	increasing a short position	1,146	4.5660 GBP
10p ordinary	CFD	increasing a short position	218	4.5683 GBP
10p ordinary	CFD	increasing a short position	65,586	4.5685 GBP
10p ordinary	CFD	increasing a short position	74	4.5765 GBP
10p ordinary	CFD	increasing a short position	8	4.5788 GBP
10p ordinary	CFD	increasing a short position	1	4.5850 GBP
10p ordinary	CFD	increasing a short position	196	4.5859 GBP
10p ordinary	CFD	increasing a short position	139	4.5883 GBP
10p ordinary	CFD	reducing a long position	38	4.5470 GBP
10p ordinary	CFD	reducing a long position	396	4.5470 GBP
10p ordinary	CFD	reducing a long position	65	4.5480 GBP
10p ordinary	CFD	reducing a long position	1,049	4.5590 GBP
10p ordinary	CFD	reducing a long position	5,128	4.5595 GBP
10p ordinary	CFD	reducing a long position	1,704	4.5618 GBP
10p ordinary	CFD	reducing a long position	6,400	4.5702 GBP
10p ordinary	CFD	reducing a long position	2,307	4.5756 GBP
10p ordinary	CFD	reducing a long position	282,031	4.5870 GBP
10p ordinary	CFD	reducing a long position	4,113	4.6032 GBP
10p ordinary	CFD	reducing a short position	98	4.5470 GBP
10p ordinary	CFD	reducing a short position	22,036	4.5470 GBP
10p ordinary	CFD	reducing a short position	1	4.5478 GBP
10p ordinary	CFD	reducing a short position	30,307	4.5479 GBP
10p ordinary	CFD	reducing a short position	8,546	4.5517 GBP
10p ordinary	CFD	reducing a short position	101,123	4.5612 GBP
10p ordinary	CFD	reducing a short position	30,225	4.5693 GBP
10p ordinary	CFD	reducing a short position	5,053	4.5728 GBP
10p ordinary	CFD	reducing a short position	50,526	4.5746 GBP
10p ordinary	CFD	reducing a short position	763	4.5808 GBP
10p ordinary	CFD	reducing a short position	88	4.5808 GBP
10p ordinary	CFD	reducing a short position	1,219	4.5809 GBP
10p ordinary	CFD	reducing a short position	2,912	4.5881 GBP
10p ordinary	CFD	reducing a short position	1,284	4.5881 GBP
10p ordinary	CFD	reducing a short position	15,519	4.5898 GBP
10p ordinary	CFD	reducing a short position	52	4.5911 GBP
10p ordinary	CFD	reducing a short position	771	4.5925 GBP
10p ordinary	CFD	reducing a short position	2,573	4.5953 GBP
10p ordinary	CFD	reducing a short position	10,872	4.5992 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:	01 May 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