Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

05 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:	04 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	1,240,243	5.0815 GBP	5.0100 GBP
10p ordinary	PURCHASES	964,290	5.0840 GBP	5.0080 GBP
10p ordinary	SALES	8,600	5.9540 EUR	5.9540 EUR
10p ordinary	PURCHASES	4,210	6.4772 USD	6.4772 USD
10p ordinary	SALES	4,210	6.4772 USD	6.4772 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	950	5.0208 GBP
10p ordinary	CFD	increasing a long position	678	5.0480 GBP
10p ordinary	CFD	increasing a long position	2,073	5.0480 GBP
10p ordinary	CFD	increasing a long position	26,082	5.0484 GBP
10p ordinary	CFD	increasing a long position	1,510	5.0510 GBP
10p ordinary	CFD	increasing a long position	1,641	5.0524 GBP
10p ordinary	CFD	increasing a long position	2,405	5.0563 GBP
10p ordinary	CFD	increasing a long position	45,516	5.0646 GBP
10p ordinary	CFD	increasing a long position	536	5.0653 GBP
10p ordinary	CFD	increasing a long position	8,539	5.0655 GBP
10p ordinary	CFD	increasing a long position	21,555	5.0673 GBP
10p ordinary	CFD	increasing a long position	838	5.0675 GBP
10p ordinary	CFD	increasing a long position	590	5.0680 GBP
10p ordinary	CFD	increasing a long position	1,687	5.0680 GBP
10p ordinary	CFD	increasing a long position	14,980	5.0680 GBP
10p ordinary	CFD	increasing a long position	16,877	5.0680 GBP
10p ordinary	CFD	increasing a long position	876	5.0680 GBP
10p ordinary	CFD	increasing a short position	448	5.0441 GBP
10p ordinary	CFD	increasing a short position	1,659	5.0552 GBP
10p ordinary	CFD	increasing a short position	43,479	5.0558 GBP
10p ordinary	CFD	increasing a short position	42	5.0600 GBP
10p ordinary	CFD	increasing a short position	1,144	5.0639 GBP
10p ordinary	CFD	increasing a short position	2,332	5.0648 GBP
10p ordinary	CFD	increasing a short position	28,953	5.0653 GBP
10p ordinary	CFD	increasing a short position	154	5.0679 GBP
10p ordinary	CFD	increasing a short position	2,205	5.0680 GBP
10p ordinary	CFD	increasing a short position	2,065	5.0680 GBP
10p ordinary	CFD	increasing a short position	1	5.0680 GBP
10p ordinary	CFD	increasing a short position	84	5.0680 GBP
10p ordinary	CFD	increasing a short position	2,671	5.0681 GBP
10p ordinary	CFD	increasing a short position	50	5.0698 GBP
10p ordinary	CFD	increasing a short position	1,286	5.0719 GBP
10p ordinary	CFD	increasing a short position	2,797	5.0719 GBP
10p ordinary	CFD	increasing a short position	8	5.0780 GBP
10p ordinary	CFD	reducing a long position	449	5.0320 GBP
10p ordinary	CFD	reducing a long position	876	5.0320 GBP
10p ordinary	CFD	reducing a long position	2,073	5.0325 GBP
10p ordinary	CFD	reducing a long position	144	5.0392 GBP
10p ordinary	CFD	reducing a long position	2	5.0500 GBP
10p ordinary	CFD	reducing a long position	260	5.0520 GBP
10p ordinary	CFD	reducing a long position	6,411	5.0558 GBP
10p ordinary	CFD	reducing a long position	134	5.0565 GBP
10p ordinary	CFD	reducing a long position	12,865	5.0601 GBP
10p ordinary	CFD	reducing a long position	107	5.0605 GBP
10p ordinary	CFD	reducing a long position	1,170	5.0606 GBP
10p ordinary	CFD	reducing a long position	2,405	5.0617 GBP
10p ordinary	CFD	reducing a long position	736	5.0680 GBP
10p ordinary	CFD	reducing a long position	21,514	5.0680 GBP
10p ordinary	CFD	reducing a long position	1,206	5.0680 GBP
10p ordinary	CFD	reducing a long position	61	5.0680 GBP
10p ordinary	CFD	reducing a long position	84	5.0680 GBP
10p ordinary	CFD	reducing a long position	3	5.0680 GBP
10p ordinary	CFD	reducing a long position	1,200	5.0680 GBP
10p ordinary	CFD	reducing a long position	17,405	5.0682 GBP
10p ordinary	CFD	reducing a long position	4,351	5.0683 GBP
10p ordinary	CFD	reducing a short position	372	5.0484 GBP
10p ordinary	CFD	reducing a short position	4,397	5.0493 GBP
10p ordinary	CFD	reducing a short position	2,000	5.0585 GBP
10p ordinary	CFD	reducing a short position	600	5.0585 GBP
10p ordinary	CFD	reducing a short position	15,100	5.0585 GBP
10p ordinary	CFD	reducing a short position	42,021	5.0586 GBP
10p ordinary	CFD	reducing a short position	136,100	5.0587 GBP
10p ordinary	CFD	reducing a short position	9,326	5.0595 GBP
10p ordinary	CFD	reducing a short position	84	5.0627 GBP
10p ordinary	CFD	reducing a short position	4,025	5.0637 GBP
10p ordinary	CFD	reducing a short position	12,585	5.0657 GBP
10p ordinary	CFD	reducing a short position	61,882	5.0673 GBP
10p ordinary	CFD	reducing a short position	3,647	5.0676 GBP
10p ordinary	CFD	reducing a short position	32,369	5.0680 GBP
10p ordinary	CFD	reducing a short position	392	5.0680 GBP
10p ordinary	CFD	reducing a short position	8,600	5.0681 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:	05 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