Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

20 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:	17 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	2,373,299	5.2800 GBP	5.1600 GBP
10p ordinary	SALES	2,439,579	5.2800 GBP	5.1600 GBP
10p ordinary	SALES	7,636	6.1275 EUR	6.1275 EUR
10p ordinary	PURCHASES	4,288	6.6591 USD	6.6591 USD
10p ordinary	SALES	4,288	6.6591 USD	6.6591 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	132	5.1600 GBP
10p ordinary	CFD	increasing a long position	4,600	5.2437 GBP
10p ordinary	CFD	increasing a long position	18,400	5.2438 GBP
10p ordinary	CFD	increasing a long position	1,912	5.2439 GBP
10p ordinary	CFD	increasing a long position	2,262	5.2440 GBP
10p ordinary	CFD	increasing a long position	515	5.2440 GBP
10p ordinary	CFD	increasing a long position	6,855	5.2440 GBP
10p ordinary	CFD	increasing a long position	16,484	5.2440 GBP
10p ordinary	CFD	increasing a long position	220	5.2440 GBP
10p ordinary	CFD	increasing a long position	2,755	5.2440 GBP
10p ordinary	CFD	increasing a long position	2,094	5.2440 GBP
10p ordinary	CFD	increasing a long position	128	5.2441 GBP
10p ordinary	CFD	increasing a long position	7,636	5.2441 GBP
10p ordinary	CFD	increasing a long position	10	5.2458 GBP
10p ordinary	CFD	increasing a long position	16,445	5.2464 GBP
10p ordinary	CFD	increasing a long position	2,015	5.2499 GBP
10p ordinary	CFD	increasing a long position	751	5.2537 GBP
10p ordinary	CFD	increasing a long position	1	5.2800 GBP
10p ordinary	CFD	increasing a short position	42	5.1681 GBP
10p ordinary	CFD	increasing a short position	2,196	5.2115 GBP
10p ordinary	CFD	increasing a short position	164	5.2352 GBP
10p ordinary	CFD	increasing a short position	48,145	5.2387 GBP
10p ordinary	CFD	increasing a short position	22,101	5.2397 GBP
10p ordinary	CFD	increasing a short position	1,714	5.2412 GBP
10p ordinary	CFD	increasing a short position	250,000	5.2419 GBP
10p ordinary	CFD	increasing a short position	1	5.2440 GBP
10p ordinary	CFD	increasing a short position	615	5.2440 GBP
10p ordinary	CFD	increasing a short position	384	5.2440 GBP
10p ordinary	CFD	increasing a short position	187	5.2440 GBP
10p ordinary	CFD	increasing a short position	1,997	5.2440 GBP
10p ordinary	CFD	increasing a short position	5,015	5.2440 GBP
10p ordinary	CFD	increasing a short position	4,423	5.2445 GBP
10p ordinary	CFD	increasing a short position	3,345	5.2445 GBP
10p ordinary	CFD	increasing a short position	1,046	5.2445 GBP
10p ordinary	CFD	increasing a short position	4,693	5.2448 GBP
10p ordinary	CFD	increasing a short position	10,077	5.2450 GBP
10p ordinary	CFD	increasing a short position	139,800	5.2451 GBP
10p ordinary	CFD	increasing a short position	14,903	5.2457 GBP
10p ordinary	CFD	increasing a short position	127	5.2519 GBP
10p ordinary	CFD	increasing a short position	1,126	5.2640 GBP
10p ordinary	CFD	reducing a long position	14,558	5.2387 GBP
10p ordinary	CFD	reducing a long position	515	5.2440 GBP
10p ordinary	CFD	reducing a short position	1	5.1600 GBP
10p ordinary	CFD	reducing a short position	4,904	5.1947 GBP
10p ordinary	CFD	reducing a short position	2,196	5.2150 GBP
10p ordinary	CFD	reducing a short position	150	5.2207 GBP
10p ordinary	CFD	reducing a short position	6,498	5.2312 GBP
10p ordinary	CFD	reducing a short position	41,750	5.2329 GBP
10p ordinary	CFD	reducing a short position	4,883	5.2331 GBP
10p ordinary	CFD	reducing a short position	5,721	5.2334 GBP
10p ordinary	CFD	reducing a short position	8,273	5.2363 GBP
10p ordinary	CFD	reducing a short position	147	5.2383 GBP
10p ordinary	CFD	reducing a short position	82,973	5.2391 GBP
10p ordinary	CFD	reducing a short position	2,052	5.2398 GBP
10p ordinary	CFD	reducing a short position	18,031	5.2398 GBP
10p ordinary	CFD	reducing a short position	445	5.2407 GBP
10p ordinary	CFD	reducing a short position	22,101	5.2409 GBP
10p ordinary	CFD	reducing a short position	147	5.2410 GBP
10p ordinary	CFD	reducing a short position	147	5.2419 GBP
10p ordinary	CFD	reducing a short position	68,607	5.2421 GBP
10p ordinary	CFD	reducing a short position	6,197	5.2426 GBP
10p ordinary	CFD	reducing a short position	13,856	5.2426 GBP
10p ordinary	CFD	reducing a short position	23,832	5.2432 GBP
10p ordinary	CFD	reducing a short position	44,918	5.2438 GBP
10p ordinary	CFD	reducing a short position	147	5.2439 GBP
10p ordinary	CFD	reducing a short position	147	5.2440 GBP
10p ordinary	CFD	reducing a short position	113,333	5.2440 GBP
10p ordinary	CFD	reducing a short position	3,264	5.2443 GBP
10p ordinary	CFD	reducing a short position	51,253	5.2445 GBP
10p ordinary	CFD	reducing a short position	47,224	5.2466 GBP
10p ordinary	CFD	reducing a short position	147	5.2481 GBP
10p ordinary	CFD	reducing a short position	9,835	5.2482 GBP
10p ordinary	CFD	reducing a short position	147	5.2490 GBP
10p ordinary	CFD	reducing a short position	3,551	5.2499 GBP
10p ordinary	CFD	reducing a short position	239	5.2508 GBP
10p ordinary	CFD	reducing a short position	3,973	5.2509 GBP
10p ordinary	CFD	reducing a short position	1,126	5.2800 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:	20 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