Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

14 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:	13 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	861,072	5.0700 GBP	4.9760 GBP
10p ordinary	SALES	835,968	5.0703 GBP	4.9752 GBP
10p ordinary	SALES	4,826	5.9321 EUR	5.9321 EUR
10p ordinary	PURCHASES	23,348	6.4802 USD	6.4074 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	44	4.9992 GBP
10p ordinary	CFD	increasing a long position	6,822	4.9998 GBP
10p ordinary	CFD	increasing a long position	4,826	5.0007 GBP
10p ordinary	CFD	increasing a long position	2,651	5.0018 GBP
10p ordinary	CFD	increasing a long position	5,483	5.0019 GBP
10p ordinary	CFD	increasing a long position	339	5.0020 GBP
10p ordinary	CFD	increasing a long position	491	5.0020 GBP
10p ordinary	CFD	increasing a long position	19,524	5.0030 GBP
10p ordinary	CFD	increasing a long position	3,749	5.0049 GBP
10p ordinary	CFD	increasing a long position	5,042	5.0072 GBP
10p ordinary	CFD	increasing a long position	288	5.0096 GBP
10p ordinary	CFD	increasing a long position	7	5.0106 GBP
10p ordinary	CFD	increasing a long position	35	5.0120 GBP
10p ordinary	CFD	increasing a long position	2,187	5.0277 GBP
10p ordinary	CFD	increasing a long position	90	5.0279 GBP
10p ordinary	CFD	increasing a long position	3,973	5.0450 GBP
10p ordinary	CFD	increasing a long position	1,331	5.0855 GBP
10p ordinary	CFD	increasing a short position	41,662	4.9914 GBP
10p ordinary	CFD	increasing a short position	14,812	4.9924 GBP
10p ordinary	CFD	increasing a short position	2,029	4.9984 GBP
10p ordinary	CFD	increasing a short position	268	4.9993 GBP
10p ordinary	CFD	increasing a short position	6,905	4.9993 GBP
10p ordinary	CFD	increasing a short position	433	5.0020 GBP
10p ordinary	CFD	increasing a short position	21,357	5.0020 GBP
10p ordinary	CFD	increasing a short position	730	5.0047 GBP
10p ordinary	CFD	increasing a short position	25,840	5.0085 GBP
10p ordinary	CFD	increasing a short position	2,943	5.0085 GBP
10p ordinary	CFD	increasing a short position	20,230	5.0091 GBP
10p ordinary	CFD	increasing a short position	143,946	5.0095 GBP
10p ordinary	CFD	increasing a short position	1,300	5.0101 GBP
10p ordinary	CFD	increasing a short position	448	5.0358 GBP
10p ordinary	CFD	increasing a short position	2,464	5.0505 GBP
10p ordinary	CFD	increasing a short position	1,300	5.0543 GBP
10p ordinary	CFD	increasing a short position	800	5.0544 GBP
10p ordinary	CFD	increasing a short position	3,324	5.0700 GBP
10p ordinary	CFD	reducing a long position	7	4.9900 GBP
10p ordinary	CFD	reducing a long position	2,271	4.9919 GBP
10p ordinary	CFD	reducing a long position	1	4.9930 GBP
10p ordinary	CFD	reducing a long position	18,875	4.9990 GBP
10p ordinary	CFD	reducing a long position	30,763	5.0013 GBP
10p ordinary	CFD	reducing a long position	3,749	5.0020 GBP
10p ordinary	CFD	reducing a long position	34,437	5.0023 GBP
10p ordinary	CFD	reducing a long position	5,188	5.0041 GBP
10p ordinary	CFD	reducing a long position	3,973	5.0162 GBP
10p ordinary	CFD	reducing a long position	31,911	5.0173 GBP
10p ordinary	CFD	reducing a long position	114	5.0224 GBP
10p ordinary	CFD	reducing a long position	4,186	5.0358 GBP
10p ordinary	CFD	reducing a long position	5,582	5.0416 GBP
10p ordinary	CFD	reducing a long position	1,331	5.0696 GBP
10p ordinary	CFD	reducing a long position	491	5.0700 GBP
10p ordinary	CFD	reducing a long position	3,071	5.0700 GBP
10p ordinary	CFD	reducing a short position	4,657	4.9807 GBP
10p ordinary	CFD	reducing a short position	16,650	4.9992 GBP
10p ordinary	CFD	reducing a short position	2,840	4.9998 GBP
10p ordinary	CFD	reducing a short position	43,869	5.0009 GBP
10p ordinary	CFD	reducing a short position	250,000	5.0011 GBP
10p ordinary	CFD	reducing a short position	870	5.0020 GBP
10p ordinary	CFD	reducing a short position	1,336	5.0020 GBP
10p ordinary	CFD	reducing a short position	40	5.0020 GBP
10p ordinary	CFD	reducing a short position	1,456	5.0043 GBP
10p ordinary	CFD	reducing a short position	29,602	5.0044 GBP
10p ordinary	CFD	reducing a short position	8,056	5.0064 GBP
10p ordinary	CFD	reducing a short position	21,029	5.0074 GBP
10p ordinary	CFD	reducing a short position	8,749	5.0077 GBP
10p ordinary	CFD	reducing a short position	201	5.0077 GBP
10p ordinary	CFD	reducing a short position	53	5.0077 GBP
10p ordinary	CFD	reducing a short position	30	5.0077 GBP
10p ordinary	CFD	reducing a short position	47,200	5.0097 GBP
10p ordinary	CFD	reducing a short position	515	5.0249 GBP
10p ordinary	CFD	reducing a short position	2,460	5.0274 GBP
10p ordinary	CFD	reducing a short position	548	5.0341 GBP
10p ordinary	CFD	reducing a short position	72	5.0560 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:	14 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