Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

29 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:	28 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	1,089,293	5.1530 GBP	5.0460 GBP
10p ordinary	SALES	1,097,806	5.1540 GBP	5.0440 GBP
10p ordinary	PURCHASES	28,346	5.9573 EUR	5.9573 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	18,440	5.0675 GBP
10p ordinary	CFD	increasing a long position	34,917	5.0710 GBP
10p ordinary	CFD	increasing a long position	23,080	5.0720 GBP
10p ordinary	CFD	increasing a long position	2,753	5.0720 GBP
10p ordinary	CFD	increasing a long position	18,000	5.0720 GBP
10p ordinary	CFD	increasing a long position	5	5.0720 GBP
10p ordinary	CFD	increasing a long position	6,165	5.0870 GBP
10p ordinary	CFD	increasing a long position	38,577	5.0901 GBP
10p ordinary	CFD	increasing a long position	1,901	5.0992 GBP
10p ordinary	CFD	increasing a long position	8,307	5.1039 GBP
10p ordinary	CFD	increasing a long position	1,235	5.1046 GBP
10p ordinary	CFD	increasing a long position	8,050	5.1242 GBP
10p ordinary	CFD	increasing a long position	2,379	5.1253 GBP
10p ordinary	CFD	increasing a long position	180	5.1260 GBP
10p ordinary	CFD	increasing a long position	74,880	5.1306 GBP
10p ordinary	CFD	increasing a long position	20	5.1320 GBP
10p ordinary	CFD	increasing a long position	961	5.1347 GBP
10p ordinary	CFD	increasing a long position	656	5.1440 GBP
10p ordinary	CFD	increasing a short position	4,092	5.0573 GBP
10p ordinary	CFD	increasing a short position	16	5.0580 GBP
10p ordinary	CFD	increasing a short position	16,803	5.0594 GBP
10p ordinary	CFD	increasing a short position	11,863	5.0713 GBP
10p ordinary	CFD	increasing a short position	495	5.0720 GBP
10p ordinary	CFD	increasing a short position	21,950	5.0720 GBP
10p ordinary	CFD	increasing a short position	6,572	5.0729 GBP
10p ordinary	CFD	increasing a short position	96,210	5.0849 GBP
10p ordinary	CFD	increasing a short position	28	5.0859 GBP
10p ordinary	CFD	increasing a short position	39,790	5.1020 GBP
10p ordinary	CFD	increasing a short position	40,519	5.1125 GBP
10p ordinary	CFD	increasing a short position	26	5.1160 GBP
10p ordinary	CFD	increasing a short position	28,420	5.1269 GBP
10p ordinary	CFD	increasing a short position	76	5.1298 GBP
10p ordinary	CFD	reducing a long position	1,489	5.0548 GBP
10p ordinary	CFD	reducing a long position	28,346	5.0692 GBP
10p ordinary	CFD	reducing a long position	131	5.0719 GBP
10p ordinary	CFD	reducing a long position	2,761	5.0720 GBP
10p ordinary	CFD	reducing a long position	24,268	5.0720 GBP
10p ordinary	CFD	reducing a long position	1,474	5.0720 GBP
10p ordinary	CFD	reducing a long position	12,771	5.0723 GBP
10p ordinary	CFD	reducing a long position	274	5.0741 GBP
10p ordinary	CFD	reducing a long position	2,407	5.0741 GBP
10p ordinary	CFD	reducing a long position	44,868	5.0976 GBP
10p ordinary	CFD	reducing a long position	8,179	5.1125 GBP
10p ordinary	CFD	reducing a long position	3,997	5.1126 GBP
10p ordinary	CFD	reducing a long position	961	5.1142 GBP
10p ordinary	CFD	reducing a long position	1,421	5.1149 GBP
10p ordinary	CFD	reducing a long position	2,379	5.1203 GBP
10p ordinary	CFD	reducing a long position	47	5.1260 GBP
10p ordinary	CFD	reducing a short position	321	5.0617 GBP
10p ordinary	CFD	reducing a short position	415	5.0617 GBP
10p ordinary	CFD	reducing a short position	1,805	5.0680 GBP
10p ordinary	CFD	reducing a short position	2,496	5.0719 GBP
10p ordinary	CFD	reducing a short position	90,654	5.0720 GBP
10p ordinary	CFD	reducing a short position	376	5.0720 GBP
10p ordinary	CFD	reducing a short position	1,929	5.0720 GBP
10p ordinary	CFD	reducing a short position	10,047	5.0722 GBP
10p ordinary	CFD	reducing a short position	4,147	5.0730 GBP
10p ordinary	CFD	reducing a short position	15,587	5.0886 GBP
10p ordinary	CFD	reducing a short position	966	5.0886 GBP
10p ordinary	CFD	reducing a short position	2,374	5.0913 GBP
10p ordinary	CFD	reducing a short position	473	5.0924 GBP
10p ordinary	CFD	reducing a short position	40,519	5.1039 GBP
10p ordinary	CFD	reducing a short position	14,087	5.1071 GBP
10p ordinary	CFD	reducing a short position	11,421	5.1143 GBP
10p ordinary	CFD	reducing a short position	11,963	5.1144 GBP
10p ordinary	CFD	reducing a short position	2,914	5.1252 GBP
10p ordinary	CFD	reducing a short position	103	5.1281 GBP
10p ordinary	CFD	reducing a short position	700	5.1476 GBP
10p ordinary	CFD	reducing a short position	300	5.1476 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:	29 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