Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

07 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:	06 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	PURCHASES	768,762	5.1080 GBP	5.0633 GBP
10p ordinary	SALES	732,015	5.1120 GBP	5.0460 GBP
10p ordinary	SALES	13,500	5.9850 EUR	5.9850 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	3,720,266	5.0800 GBP
10p ordinary	CFD	increasing a long position	214	5.0827 GBP
10p ordinary	CFD	increasing a long position	4,648	5.0842 GBP
10p ordinary	CFD	increasing a long position	5,325	5.0844 GBP
10p ordinary	CFD	increasing a long position	721	5.0855 GBP
10p ordinary	CFD	increasing a long position	90,360	5.0873 GBP
10p ordinary	CFD	increasing a long position	296	5.0920 GBP
10p ordinary	CFD	increasing a long position	423	5.0930 GBP
10p ordinary	CFD	increasing a long position	15,399	5.0932 GBP
10p ordinary	CFD	increasing a long position	70,446	5.0934 GBP
10p ordinary	CFD	increasing a long position	63,339	5.0953 GBP
10p ordinary	CFD	increasing a long position	106	5.0957 GBP
10p ordinary	CFD	increasing a long position	17,927	5.0959 GBP
10p ordinary	CFD	increasing a long position	60	5.0960 GBP
10p ordinary	CFD	increasing a long position	8,767	5.0960 GBP
10p ordinary	CFD	increasing a long position	531	5.0980 GBP
10p ordinary	CFD	increasing a long position	2,928	5.1008 GBP
10p ordinary	CFD	increasing a long position	13	5.1022 GBP
10p ordinary	CFD	increasing a long position	12,787	5.1023 GBP
10p ordinary	CFD	increasing a long position	616	5.1038 GBP
10p ordinary	CFD	increasing a short position	75,778	5.0831 GBP
10p ordinary	CFD	increasing a short position	5,325	5.0843 GBP
10p ordinary	CFD	increasing a short position	7,007	5.0883 GBP
10p ordinary	CFD	increasing a short position	4,899	5.0917 GBP
10p ordinary	CFD	increasing a short position	518	5.0921 GBP
10p ordinary	CFD	increasing a short position	3,496	5.0937 GBP
10p ordinary	CFD	increasing a short position	30,699	5.0937 GBP
10p ordinary	CFD	increasing a short position	41	5.0940 GBP
10p ordinary	CFD	increasing a short position	5,888	5.0951 GBP
10p ordinary	CFD	increasing a short position	402	5.0960 GBP
10p ordinary	CFD	increasing a short position	3,619	5.0960 GBP
10p ordinary	CFD	increasing a short position	22,139	5.0960 GBP
10p ordinary	CFD	increasing a short position	807	5.0964 GBP
10p ordinary	CFD	increasing a short position	2,987	5.0964 GBP
10p ordinary	CFD	increasing a short position	2,943	5.0965 GBP
10p ordinary	CFD	increasing a short position	44,594	5.0968 GBP
10p ordinary	CFD	increasing a short position	936	5.0989 GBP
10p ordinary	CFD	increasing a short position	6,956	5.0993 GBP
10p ordinary	CFD	increasing a short position	1,858	5.0994 GBP
10p ordinary	CFD	increasing a short position	855	5.0994 GBP
10p ordinary	CFD	increasing a short position	151,200	5.0996 GBP
10p ordinary	CFD	increasing a short position	17,052	5.0999 GBP
10p ordinary	CFD	increasing a short position	3,316	5.1003 GBP
10p ordinary	CFD	increasing a short position	414	5.1012 GBP
10p ordinary	CFD	increasing a short position	4,413	5.1038 GBP
10p ordinary	CFD	increasing a short position	1,193	5.1038 GBP
10p ordinary	CFD	increasing a short position	1,094	5.1087 GBP
10p ordinary	CFD	reducing a long position	3,720,266	5.0800 GBP
10p ordinary	CFD	reducing a long position	60	5.0800 GBP
10p ordinary	CFD	reducing a long position	296	5.0800 GBP
10p ordinary	CFD	reducing a long position	589	5.0811 GBP
10p ordinary	CFD	reducing a long position	7,128	5.0873 GBP
10p ordinary	CFD	reducing a long position	734	5.0901 GBP
10p ordinary	CFD	reducing a long position	112	5.0953 GBP
10p ordinary	CFD	reducing a long position	616	5.0957 GBP
10p ordinary	CFD	reducing a long position	1,872	5.0958 GBP
10p ordinary	CFD	reducing a long position	74	5.0959 GBP
10p ordinary	CFD	reducing a long position	1,554	5.0960 GBP
10p ordinary	CFD	reducing a long position	560	5.0960 GBP
10p ordinary	CFD	reducing a long position	709	5.0960 GBP
10p ordinary	CFD	reducing a long position	14,498	5.0961 GBP
10p ordinary	CFD	reducing a long position	5,165	5.0965 GBP
10p ordinary	CFD	reducing a long position	8,345	5.0968 GBP
10p ordinary	CFD	reducing a long position	7,943	5.0996 GBP
10p ordinary	CFD	reducing a long position	13	5.1004 GBP
10p ordinary	CFD	reducing a long position	12	5.1020 GBP
10p ordinary	CFD	reducing a short position	92	5.0639 GBP
10p ordinary	CFD	reducing a short position	11,473	5.0776 GBP
10p ordinary	CFD	reducing a short position	13,649	5.0827 GBP
10p ordinary	CFD	reducing a short position	9,060	5.0852 GBP
10p ordinary	CFD	reducing a short position	2,495	5.0863 GBP
10p ordinary	CFD	reducing a short position	10,147	5.0895 GBP
10p ordinary	CFD	reducing a short position	7,750	5.0929 GBP
10p ordinary	CFD	reducing a short position	1,178	5.0932 GBP
10p ordinary	CFD	reducing a short position	5,926	5.0934 GBP
10p ordinary	CFD	reducing a short position	13,500	5.0945 GBP
10p ordinary	CFD	reducing a short position	3,216	5.0950 GBP
10p ordinary	CFD	reducing a short position	1,000	5.0956 GBP
10p ordinary	CFD	reducing a short position	80,000	5.0957 GBP
10p ordinary	CFD	reducing a short position	15,077	5.0960 GBP
10p ordinary	CFD	reducing a short position	4,623	5.0960 GBP
10p ordinary	CFD	reducing a short position	796	5.0960 GBP
10p ordinary	CFD	reducing a short position	29,094	5.0971 GBP
10p ordinary	CFD	reducing a short position	2,174	5.0971 GBP
10p ordinary	CFD	reducing a short position	155	5.0975 GBP
10p ordinary	CFD	reducing a short position	8,368	5.0985 GBP
10p ordinary	CFD	reducing a short position	1,371	5.1059 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:	07 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