Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

04 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:	03 June 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	559,990	5.1220 GBP	5.0420 GBP
10p ordinary	PURCHASES	626,811	5.1300 GBP	5.0360 GBP
10p ordinary	PURCHASES	4,210	6.4481 USD	6.4481 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	660	5.0431 GBP
10p ordinary	CFD	increasing a long position	1,681	5.0465 GBP
10p ordinary	CFD	increasing a long position	2,745	5.0480 GBP
10p ordinary	CFD	increasing a long position	990	5.0480 GBP
10p ordinary	CFD	increasing a long position	31,046	5.0480 GBP
10p ordinary	CFD	increasing a long position	16,608	5.0556 GBP
10p ordinary	CFD	increasing a long position	6,411	5.0573 GBP
10p ordinary	CFD	increasing a long position	29	5.0608 GBP
10p ordinary	CFD	increasing a long position	1,787	5.0635 GBP
10p ordinary	CFD	increasing a long position	1,870	5.0641 GBP
10p ordinary	CFD	increasing a long position	401	5.0658 GBP
10p ordinary	CFD	increasing a long position	1	5.0660 GBP
10p ordinary	CFD	increasing a long position	2,081	5.0701 GBP
10p ordinary	CFD	increasing a long position	2,711	5.0896 GBP
10p ordinary	CFD	increasing a long position	1,566	5.0919 GBP
10p ordinary	CFD	increasing a long position	99	5.0960 GBP
10p ordinary	CFD	increasing a short position	57	5.0480 GBP
10p ordinary	CFD	increasing a short position	1,185	5.0480 GBP
10p ordinary	CFD	increasing a short position	348	5.0480 GBP
10p ordinary	CFD	increasing a short position	13,400	5.0490 GBP
10p ordinary	CFD	increasing a short position	84,074	5.0504 GBP
10p ordinary	CFD	increasing a short position	755	5.0542 GBP
10p ordinary	CFD	increasing a short position	389	5.0559 GBP
10p ordinary	CFD	increasing a short position	948	5.0564 GBP
10p ordinary	CFD	increasing a short position	12,492	5.0575 GBP
10p ordinary	CFD	increasing a short position	5,112	5.0583 GBP
10p ordinary	CFD	increasing a short position	25,146	5.0589 GBP
10p ordinary	CFD	increasing a short position	539	5.0599 GBP
10p ordinary	CFD	increasing a short position	2,310	5.0634 GBP
10p ordinary	CFD	increasing a short position	3,609	5.0641 GBP
10p ordinary	CFD	increasing a short position	1,435	5.0693 GBP
10p ordinary	CFD	increasing a short position	768	5.0702 GBP
10p ordinary	CFD	increasing a short position	1,407	5.0727 GBP
10p ordinary	CFD	increasing a short position	218	5.0817 GBP
10p ordinary	CFD	reducing a long position	29	5.0477 GBP
10p ordinary	CFD	reducing a long position	33,416	5.0480 GBP
10p ordinary	CFD	reducing a long position	460	5.0480 GBP
10p ordinary	CFD	reducing a long position	616	5.0480 GBP
10p ordinary	CFD	reducing a long position	7,258	5.0480 GBP
10p ordinary	CFD	reducing a long position	2,353	5.0480 GBP
10p ordinary	CFD	reducing a long position	2,340	5.0480 GBP
10p ordinary	CFD	reducing a long position	20,780	5.0482 GBP
10p ordinary	CFD	reducing a long position	5,194	5.0483 GBP
10p ordinary	CFD	reducing a long position	12,275	5.0553 GBP
10p ordinary	CFD	reducing a long position	1,397	5.0553 GBP
10p ordinary	CFD	reducing a long position	357	5.0555 GBP
10p ordinary	CFD	reducing a long position	6,667	5.0589 GBP
10p ordinary	CFD	reducing a long position	7,148	5.0608 GBP
10p ordinary	CFD	reducing a long position	434	5.0634 GBP
10p ordinary	CFD	reducing a long position	5,068	5.0745 GBP
10p ordinary	CFD	reducing a long position	2,711	5.0758 GBP
10p ordinary	CFD	reducing a long position	107	5.0761 GBP
10p ordinary	CFD	reducing a long position	1,566	5.0981 GBP
10p ordinary	CFD	reducing a short position	63,454	5.0480 GBP
10p ordinary	CFD	reducing a short position	3,341	5.0520 GBP
10p ordinary	CFD	reducing a short position	524	5.0551 GBP
10p ordinary	CFD	reducing a short position	3,179	5.0556 GBP
10p ordinary	CFD	reducing a short position	4,779	5.0558 GBP
10p ordinary	CFD	reducing a short position	122,800	5.0568 GBP
10p ordinary	CFD	reducing a short position	25,146	5.0573 GBP
10p ordinary	CFD	reducing a short position	2,838	5.0594 GBP
10p ordinary	CFD	reducing a short position	7,200	5.0612 GBP
10p ordinary	CFD	reducing a short position	15,536	5.0668 GBP
10p ordinary	CFD	reducing a short position	200	5.0860 GBP
10p ordinary	CFD	reducing a short position	783	5.1111 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:	04 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