Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

22 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:	21 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	1,051,566	5.1600 GBP	5.1000 GBP
10p ordinary	SALES	1,273,897	5.1600 GBP	5.1000 GBP
10p ordinary	PURCHASES	33,336	5.9804 EUR	5.9804 EUR
10p ordinary	PURCHASES	25,344	6.4936 USD	6.4936 USD
10p ordinary	SALES	25,344	6.4936 USD	6.4936 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	65,109	5.1040 GBP
10p ordinary	CFD	increasing a long position	4,610	5.1040 GBP
10p ordinary	CFD	increasing a long position	469	5.1040 GBP
10p ordinary	CFD	increasing a long position	158,398	5.1043 GBP
10p ordinary	CFD	increasing a long position	31,222	5.1043 GBP
10p ordinary	CFD	increasing a long position	22	5.1045 GBP
10p ordinary	CFD	increasing a long position	1,480	5.1067 GBP
10p ordinary	CFD	increasing a long position	1,443	5.1146 GBP
10p ordinary	CFD	increasing a long position	1,817	5.1159 GBP
10p ordinary	CFD	increasing a long position	21,316	5.1193 GBP
10p ordinary	CFD	increasing a long position	2,426	5.1193 GBP
10p ordinary	CFD	increasing a long position	7,980	5.1208 GBP
10p ordinary	CFD	increasing a long position	488	5.1245 GBP
10p ordinary	CFD	increasing a long position	3,622	5.1252 GBP
10p ordinary	CFD	increasing a long position	293	5.1253 GBP
10p ordinary	CFD	increasing a long position	7,202	5.1284 GBP
10p ordinary	CFD	increasing a long position	6	5.1312 GBP
10p ordinary	CFD	increasing a long position	3	5.1320 GBP
10p ordinary	CFD	increasing a long position	9,298	5.1329 GBP
10p ordinary	CFD	increasing a long position	3,791	5.1333 GBP
10p ordinary	CFD	increasing a long position	11,215	5.1369 GBP
10p ordinary	CFD	increasing a long position	2,534	5.1372 GBP
10p ordinary	CFD	increasing a long position	944	5.1377 GBP
10p ordinary	CFD	increasing a long position	22,172	5.1417 GBP
10p ordinary	CFD	increasing a long position	3,338	5.1430 GBP
10p ordinary	CFD	increasing a short position	234	5.1040 GBP
10p ordinary	CFD	increasing a short position	22,346	5.1041 GBP
10p ordinary	CFD	increasing a short position	5,190	5.1064 GBP
10p ordinary	CFD	increasing a short position	138	5.1102 GBP
10p ordinary	CFD	increasing a short position	3,171	5.1139 GBP
10p ordinary	CFD	increasing a short position	14,304	5.1150 GBP
10p ordinary	CFD	increasing a short position	1	5.1160 GBP
10p ordinary	CFD	increasing a short position	106,500	5.1173 GBP
10p ordinary	CFD	increasing a short position	1,123	5.1183 GBP
10p ordinary	CFD	increasing a short position	6,238	5.1191 GBP
10p ordinary	CFD	increasing a short position	15,010	5.1222 GBP
10p ordinary	CFD	increasing a short position	3,115	5.1312 GBP
10p ordinary	CFD	increasing a short position	739	5.1349 GBP
10p ordinary	CFD	increasing a short position	360	5.1493 GBP
10p ordinary	CFD	reducing a long position	605	5.1040 GBP
10p ordinary	CFD	reducing a long position	132	5.1040 GBP
10p ordinary	CFD	reducing a long position	6,658	5.1040 GBP
10p ordinary	CFD	reducing a long position	19,597	5.1042 GBP
10p ordinary	CFD	reducing a long position	33,336	5.1062 GBP
10p ordinary	CFD	reducing a long position	6,160	5.1075 GBP
10p ordinary	CFD	reducing a long position	1,806	5.1150 GBP
10p ordinary	CFD	reducing a long position	8,083	5.1161 GBP
10p ordinary	CFD	reducing a long position	9,353	5.1210 GBP
10p ordinary	CFD	reducing a long position	54,708	5.1216 GBP
10p ordinary	CFD	reducing a long position	2,796	5.1253 GBP
10p ordinary	CFD	reducing a long position	3,872	5.1269 GBP
10p ordinary	CFD	reducing a long position	8,448	5.1292 GBP
10p ordinary	CFD	reducing a long position	1,915	5.1339 GBP
10p ordinary	CFD	reducing a long position	2,632	5.1342 GBP
10p ordinary	CFD	reducing a long position	1,510	5.1352 GBP
10p ordinary	CFD	reducing a long position	10,835	5.1356 GBP
10p ordinary	CFD	reducing a long position	138	5.1386 GBP
10p ordinary	CFD	reducing a long position	330	5.1399 GBP
10p ordinary	CFD	reducing a long position	2,897	5.1400 GBP
10p ordinary	CFD	reducing a short position	18,388	5.1040 GBP
10p ordinary	CFD	reducing a short position	3,567	5.1040 GBP
10p ordinary	CFD	reducing a short position	23,469	5.1040 GBP
10p ordinary	CFD	reducing a short position	1	5.1040 GBP
10p ordinary	CFD	reducing a short position	2,430	5.1048 GBP
10p ordinary	CFD	reducing a short position	1,877	5.1049 GBP
10p ordinary	CFD	reducing a short position	1,741	5.1079 GBP
10p ordinary	CFD	reducing a short position	31	5.1131 GBP
10p ordinary	CFD	reducing a short position	2,286	5.1135 GBP
10p ordinary	CFD	reducing a short position	18,030	5.1144 GBP
10p ordinary	CFD	reducing a short position	7,427	5.1175 GBP
10p ordinary	CFD	reducing a short position	18,500	5.1200 GBP
10p ordinary	CFD	reducing a short position	40	5.1230 GBP
10p ordinary	CFD	reducing a short position	9,324	5.1237 GBP
10p ordinary	CFD	reducing a short position	5,200	5.1245 GBP
10p ordinary	CFD	reducing a short position	2,348	5.1245 GBP
10p ordinary	CFD	reducing a short position	61,017	5.1288 GBP
10p ordinary	CFD	reducing a short position	739	5.1323 GBP
10p ordinary	CFD	reducing a short position	23,517	5.1329 GBP
10p ordinary	CFD	reducing a short position	2,046	5.1354 GBP
10p ordinary	CFD	reducing a short position	360	5.1500 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:	22 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