Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

03 June 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:	31 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	SALES	4,372,191	5.0700 GBP	4.9893 GBP
10p ordinary	PURCHASES	4,549,032	5.0760 GBP	5.0050 GBP

(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	7,037	5.0197 GBP
10p ordinary	CFD	increasing a long position	239	5.0259 GBP
10p ordinary	CFD	increasing a long position	4,520	5.0285 GBP
10p ordinary	CFD	increasing a long position	3	5.0320 GBP
10p ordinary	CFD	increasing a long position	6,084	5.0320 GBP
10p ordinary	CFD	increasing a long position	4,714	5.0320 GBP
10p ordinary	CFD	increasing a long position	1,383	5.0320 GBP
10p ordinary	CFD	increasing a long position	2,340	5.0320 GBP
10p ordinary	CFD	increasing a long position	16,783	5.0320 GBP
10p ordinary	CFD	increasing a long position	71	5.0320 GBP
10p ordinary	CFD	increasing a long position	11,800	5.0320 GBP
10p ordinary	CFD	increasing a long position	4,141	5.0330 GBP
10p ordinary	CFD	increasing a long position	232,300	5.0335 GBP
10p ordinary	CFD	increasing a long position	6,667	5.0350 GBP
10p ordinary	CFD	increasing a long position	677	5.0356 GBP
10p ordinary	CFD	increasing a long position	27,125	5.0382 GBP
10p ordinary	CFD	increasing a long position	2,176	5.0417 GBP
10p ordinary	CFD	increasing a long position	330	5.0458 GBP
10p ordinary	CFD	increasing a long position	177	5.0551 GBP
10p ordinary	CFD	increasing a short position	341	5.0196 GBP
10p ordinary	CFD	increasing a short position	13,520	5.0214 GBP
10p ordinary	CFD	increasing a short position	360	5.0217 GBP
10p ordinary	CFD	increasing a short position	1,414	5.0230 GBP
10p ordinary	CFD	increasing a short position	784	5.0250 GBP
10p ordinary	CFD	increasing a short position	97,642	5.0301 GBP
10p ordinary	CFD	increasing a short position	30	5.0311 GBP
10p ordinary	CFD	increasing a short position	30,838	5.0319 GBP
10p ordinary	CFD	increasing a short position	5,700	5.0320 GBP
10p ordinary	CFD	increasing a short position	4,066	5.0320 GBP
10p ordinary	CFD	increasing a short position	67	5.0320 GBP
10p ordinary	CFD	increasing a short position	3,140	5.0320 GBP
10p ordinary	CFD	increasing a short position	241,294	5.0320 GBP
10p ordinary	CFD	increasing a short position	105,677	5.0320 GBP
10p ordinary	CFD	increasing a short position	59,088	5.0321 GBP
10p ordinary	CFD	increasing a short position	62,907	5.0322 GBP
10p ordinary	CFD	increasing a short position	8,490	5.0324 GBP
10p ordinary	CFD	increasing a short position	3,868	5.0324 GBP
10p ordinary	CFD	increasing a short position	3,140	5.0332 GBP
10p ordinary	CFD	increasing a short position	3,509	5.0341 GBP
10p ordinary	CFD	increasing a short position	6,405	5.0359 GBP
10p ordinary	CFD	increasing a short position	3,120	5.0383 GBP
10p ordinary	CFD	increasing a short position	36,847	5.0409 GBP
10p ordinary	CFD	increasing a short position	5	5.0540 GBP
10p ordinary	CFD	increasing a short position	13,520	5.0665 GBP
10p ordinary	CFD	reducing a long position	331	5.0183 GBP
10p ordinary	CFD	reducing a long position	436	5.0203 GBP
10p ordinary	CFD	reducing a long position	2,566	5.0220 GBP
10p ordinary	CFD	reducing a long position	239	5.0250 GBP
10p ordinary	CFD	reducing a long position	4,141	5.0270 GBP
10p ordinary	CFD	reducing a long position	15,245	5.0319 GBP
10p ordinary	CFD	reducing a long position	600	5.0320 GBP
10p ordinary	CFD	reducing a long position	540	5.0320 GBP
10p ordinary	CFD	reducing a long position	61	5.0320 GBP
10p ordinary	CFD	reducing a long position	19,579	5.0320 GBP
10p ordinary	CFD	reducing a long position	4,194	5.0320 GBP
10p ordinary	CFD	reducing a long position	330	5.0320 GBP
10p ordinary	CFD	reducing a long position	3,107	5.0323 GBP
10p ordinary	CFD	reducing a long position	141,695	5.0326 GBP
10p ordinary	CFD	reducing a long position	11,244	5.0342 GBP
10p ordinary	CFD	reducing a long position	2,094	5.0409 GBP
10p ordinary	CFD	reducing a long position	16,353	5.0410 GBP
10p ordinary	CFD	reducing a long position	4,520	5.0415 GBP
10p ordinary	CFD	reducing a long position	4	5.0420 GBP
10p ordinary	CFD	reducing a long position	144	5.0640 GBP
10p ordinary	CFD	reducing a long position	1	5.0761 GBP
10p ordinary	CFD	reducing a short position	759	5.0260 GBP
10p ordinary	CFD	reducing a short position	132	5.0282 GBP
10p ordinary	CFD	reducing a short position	7,400	5.0294 GBP
10p ordinary	CFD	reducing a short position	1,500	5.0306 GBP
10p ordinary	CFD	reducing a short position	15,315	5.0316 GBP
10p ordinary	CFD	reducing a short position	5,700	5.0320 GBP
10p ordinary	CFD	reducing a short position	4,790	5.0320 GBP
10p ordinary	CFD	reducing a short position	4,204	5.0320 GBP
10p ordinary	CFD	reducing a short position	1	5.0320 GBP
10p ordinary	CFD	reducing a short position	236	5.0320 GBP
10p ordinary	CFD	reducing a short position	178,594	5.0322 GBP
10p ordinary	CFD	reducing a short position	19,763	5.0330 GBP
10p ordinary	CFD	reducing a short position	126,700	5.0336 GBP
10p ordinary	CFD	reducing a short position	6,067	5.0349 GBP
10p ordinary	CFD	reducing a short position	36,847	5.0350 GBP
10p ordinary	CFD	reducing a short position	10,466	5.0351 GBP
10p ordinary	CFD	reducing a short position	13,598	5.0360 GBP
10p ordinary	CFD	reducing a short position	494	5.0378 GBP
10p ordinary	CFD	reducing a short position	2,828	5.0382 GBP
10p ordinary	CFD	reducing a short position	352	5.0400 GBP
10p ordinary	CFD	reducing a short position	11,918	5.0405 GBP
10p ordinary	CFD	reducing a short position	462	5.0551 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:	03 June 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