Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

14 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:	13 May 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	1,205,495	4.9560 GBP	4.9050 GBP
10p ordinary	SALES	1,328,810	4.9570 GBP	4.9040 GBP
10p ordinary	SALES	34,260	5.7298 EUR	5.7298 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	698	4.9070 GBP
10p ordinary	CFD	increasing a long position	16	4.9129 GBP
10p ordinary	CFD	increasing a long position	3,354	4.9133 GBP
10p ordinary	CFD	increasing a long position	297	4.9148 GBP
10p ordinary	CFD	increasing a long position	1,479	4.9150 GBP
10p ordinary	CFD	increasing a long position	4	4.9180 GBP
10p ordinary	CFD	increasing a long position	4,285	4.9199 GBP
10p ordinary	CFD	increasing a long position	6,924	4.9200 GBP
10p ordinary	CFD	increasing a long position	43	4.9200 GBP
10p ordinary	CFD	increasing a long position	1,138	4.9200 GBP
10p ordinary	CFD	increasing a long position	2,944	4.9200 GBP
10p ordinary	CFD	increasing a long position	24,386	4.9200 GBP
10p ordinary	CFD	increasing a long position	3,275	4.9222 GBP
10p ordinary	CFD	increasing a long position	39,148	4.9237 GBP
10p ordinary	CFD	increasing a long position	48,393	4.9257 GBP
10p ordinary	CFD	increasing a long position	34,260	4.9259 GBP
10p ordinary	CFD	increasing a long position	12,669	4.9280 GBP
10p ordinary	CFD	increasing a long position	24,009	4.9407 GBP
10p ordinary	CFD	increasing a long position	8,901	4.9428 GBP
10p ordinary	CFD	increasing a long position	10,034	4.9473 GBP
10p ordinary	CFD	increasing a long position	782	4.9537 GBP
10p ordinary	CFD	increasing a long position	2,079	4.9547 GBP
10p ordinary	CFD	increasing a short position	72	4.9052 GBP
10p ordinary	CFD	increasing a short position	488	4.9120 GBP
10p ordinary	CFD	increasing a short position	901	4.9200 GBP
10p ordinary	CFD	increasing a short position	24,378	4.9200 GBP
10p ordinary	CFD	increasing a short position	21,811	4.9200 GBP
10p ordinary	CFD	increasing a short position	7,525	4.9204 GBP
10p ordinary	CFD	increasing a short position	4,368	4.9205 GBP
10p ordinary	CFD	increasing a short position	1,953	4.9205 GBP
10p ordinary	CFD	increasing a short position	9,738	4.9205 GBP
10p ordinary	CFD	increasing a short position	26	4.9210 GBP
10p ordinary	CFD	increasing a short position	8,530	4.9225 GBP
10p ordinary	CFD	increasing a short position	56	4.9242 GBP
10p ordinary	CFD	increasing a short position	5,638	4.9263 GBP
10p ordinary	CFD	increasing a short position	6,000	4.9265 GBP
10p ordinary	CFD	increasing a short position	46,952	4.9291 GBP
10p ordinary	CFD	increasing a short position	15,490	4.9292 GBP
10p ordinary	CFD	increasing a short position	768	4.9315 GBP
10p ordinary	CFD	increasing a short position	20	4.9316 GBP
10p ordinary	CFD	increasing a short position	1,294	4.9319 GBP
10p ordinary	CFD	increasing a short position	1,357	4.9345 GBP
10p ordinary	CFD	increasing a short position	2,916	4.9351 GBP
10p ordinary	CFD	increasing a short position	3,861	4.9354 GBP
10p ordinary	CFD	increasing a short position	53	4.9356 GBP
10p ordinary	CFD	increasing a short position	39,577	4.9361 GBP
10p ordinary	CFD	increasing a short position	32,690	4.9368 GBP
10p ordinary	CFD	increasing a short position	271	4.9474 GBP
10p ordinary	CFD	increasing a short position	1,504	4.9486 GBP
10p ordinary	CFD	increasing a short position	3,408	4.9486 GBP
10p ordinary	CFD	reducing a long position	1	4.9070 GBP
10p ordinary	CFD	reducing a long position	8,281	4.9104 GBP
10p ordinary	CFD	reducing a long position	9,198	4.9120 GBP
10p ordinary	CFD	reducing a long position	698	4.9135 GBP
10p ordinary	CFD	reducing a long position	162	4.9200 GBP
10p ordinary	CFD	reducing a long position	3,421	4.9200 GBP
10p ordinary	CFD	reducing a long position	43	4.9200 GBP
10p ordinary	CFD	reducing a long position	152	4.9200 GBP
10p ordinary	CFD	reducing a long position	321,729	4.9200 GBP
10p ordinary	CFD	reducing a long position	2,143	4.9205 GBP
10p ordinary	CFD	reducing a long position	7,210	4.9262 GBP
10p ordinary	CFD	reducing a long position	20,121	4.9288 GBP
10p ordinary	CFD	reducing a long position	1,006	4.9354 GBP
10p ordinary	CFD	reducing a long position	8,732	4.9454 GBP
10p ordinary	CFD	reducing a long position	1,479	4.9471 GBP
10p ordinary	CFD	reducing a short position	2,000	4.9063 GBP
10p ordinary	CFD	reducing a short position	700	4.9063 GBP
10p ordinary	CFD	reducing a short position	4,990	4.9106 GBP
10p ordinary	CFD	reducing a short position	171	4.9120 GBP
10p ordinary	CFD	reducing a short position	231	4.9134 GBP
10p ordinary	CFD	reducing a short position	778	4.9182 GBP
10p ordinary	CFD	reducing a short position	2,752	4.9193 GBP
10p ordinary	CFD	reducing a short position	10,860	4.9195 GBP
10p ordinary	CFD	reducing a short position	5,580	4.9198 GBP
10p ordinary	CFD	reducing a short position	20,667	4.9200 GBP
10p ordinary	CFD	reducing a short position	11,117	4.9200 GBP
10p ordinary	CFD	reducing a short position	43,151	4.9200 GBP
10p ordinary	CFD	reducing a short position	46,952	4.9200 GBP
10p ordinary	CFD	reducing a short position	8,768	4.9200 GBP
10p ordinary	CFD	reducing a short position	24,378	4.9200 GBP
10p ordinary	CFD	reducing a short position	12,328	4.9200 GBP
10p ordinary	CFD	reducing a short position	9,971	4.9222 GBP
10p ordinary	CFD	reducing a short position	46,285	4.9232 GBP
10p ordinary	CFD	reducing a short position	36,133	4.9246 GBP
10p ordinary	CFD	reducing a short position	4,561	4.9251 GBP
10p ordinary	CFD	reducing a short position	43,403	4.9257 GBP
10p ordinary	CFD	reducing a short position	14,917	4.9269 GBP
10p ordinary	CFD	reducing a short position	1,697	4.9269 GBP
10p ordinary	CFD	reducing a short position	2,952	4.9276 GBP
10p ordinary	CFD	reducing a short position	14,819	4.9280 GBP
10p ordinary	CFD	reducing a short position	140	4.9289 GBP
10p ordinary	CFD	reducing a short position	32,157	4.9305 GBP
10p ordinary	CFD	reducing a short position	11,972	4.9306 GBP
10p ordinary	CFD	reducing a short position	17	4.9350 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:	14 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