Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

17 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:	14 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	1,576,126	5.0200 GBP	4.8660 GBP
10p ordinary	SALES	2,020,540	5.0200 GBP	4.8650 GBP
10p ordinary	PURCHASES	8,352	5.7980 EUR	5.7980 EUR
10p ordinary	PURCHASES	20,024	6.1927 USD	6.1927 USD
10p ordinary	SALES	20,024	6.1927 USD	6.1927 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	402	4.8827 GBP
10p ordinary	CFD	increasing a long position	4,151	4.8889 GBP
10p ordinary	CFD	increasing a long position	71	4.8890 GBP
10p ordinary	CFD	increasing a long position	3,993	4.8890 GBP
10p ordinary	CFD	increasing a long position	8,704	4.8911 GBP
10p ordinary	CFD	increasing a long position	467	4.8911 GBP
10p ordinary	CFD	increasing a long position	4,873	4.8921 GBP
10p ordinary	CFD	increasing a long position	28,419	4.8934 GBP
10p ordinary	CFD	increasing a long position	11,858	4.8937 GBP
10p ordinary	CFD	increasing a long position	17,312	4.8980 GBP
10p ordinary	CFD	increasing a long position	28,636	4.9009 GBP
10p ordinary	CFD	increasing a long position	1,159	4.9044 GBP
10p ordinary	CFD	increasing a long position	3	4.9050 GBP
10p ordinary	CFD	increasing a long position	3	4.9060 GBP
10p ordinary	CFD	increasing a long position	2,240	4.9081 GBP
10p ordinary	CFD	increasing a long position	3,412	4.9115 GBP
10p ordinary	CFD	increasing a long position	32	4.9322 GBP
10p ordinary	CFD	increasing a long position	160,839	4.9325 GBP
10p ordinary	CFD	increasing a long position	8,283	4.9389 GBP
10p ordinary	CFD	increasing a long position	50	4.9670 GBP
10p ordinary	CFD	increasing a long position	1,677	4.9770 GBP
10p ordinary	CFD	increasing a short position	628	4.8888 GBP
10p ordinary	CFD	increasing a short position	973	4.8890 GBP
10p ordinary	CFD	increasing a short position	92,050	4.8890 GBP
10p ordinary	CFD	increasing a short position	322	4.8896 GBP
10p ordinary	CFD	increasing a short position	699	4.8896 GBP
10p ordinary	CFD	increasing a short position	414	4.8907 GBP
10p ordinary	CFD	increasing a short position	288,000	4.8925 GBP
10p ordinary	CFD	increasing a short position	167,040	4.9075 GBP
10p ordinary	CFD	increasing a short position	29,321	4.9097 GBP
10p ordinary	CFD	increasing a short position	43,688	4.9123 GBP
10p ordinary	CFD	increasing a short position	930	4.9189 GBP
10p ordinary	CFD	increasing a short position	2,800	4.9273 GBP
10p ordinary	CFD	increasing a short position	1,700	4.9311 GBP
10p ordinary	CFD	increasing a short position	1,375	4.9381 GBP
10p ordinary	CFD	increasing a short position	448	4.9476 GBP
10p ordinary	CFD	increasing a short position	27,612	4.9495 GBP
10p ordinary	CFD	increasing a short position	8,640	4.9562 GBP
10p ordinary	CFD	reducing a long position	5,152	4.8890 GBP
10p ordinary	CFD	reducing a long position	10,227	4.8890 GBP
10p ordinary	CFD	reducing a long position	17,953	4.8900 GBP
10p ordinary	CFD	reducing a long position	8,352	4.8914 GBP
10p ordinary	CFD	reducing a long position	73	4.9034 GBP
10p ordinary	CFD	reducing a long position	1	4.9080 GBP
10p ordinary	CFD	reducing a long position	13,622	4.9118 GBP
10p ordinary	CFD	reducing a long position	3	4.9130 GBP
10p ordinary	CFD	reducing a long position	2	4.9140 GBP
10p ordinary	CFD	reducing a long position	16,522	4.9157 GBP
10p ordinary	CFD	reducing a long position	32	4.9169 GBP
10p ordinary	CFD	reducing a long position	116	4.9213 GBP
10p ordinary	CFD	reducing a long position	8,283	4.9413 GBP
10p ordinary	CFD	reducing a long position	7,540	4.9476 GBP
10p ordinary	CFD	reducing a long position	1	4.9600 GBP
10p ordinary	CFD	reducing a short position	577	4.8889 GBP
10p ordinary	CFD	reducing a short position	114	4.8890 GBP
10p ordinary	CFD	reducing a short position	158	4.8890 GBP
10p ordinary	CFD	reducing a short position	453	4.8890 GBP
10p ordinary	CFD	reducing a short position	2,388	4.8890 GBP
10p ordinary	CFD	reducing a short position	23,943	4.8946 GBP
10p ordinary	CFD	reducing a short position	18,693	4.8973 GBP
10p ordinary	CFD	reducing a short position	1,456	4.8998 GBP
10p ordinary	CFD	reducing a short position	900	4.9002 GBP
10p ordinary	CFD	reducing a short position	250,000	4.9015 GBP
10p ordinary	CFD	reducing a short position	16,916	4.9017 GBP
10p ordinary	CFD	reducing a short position	701	4.9052 GBP
10p ordinary	CFD	reducing a short position	30,800	4.9080 GBP
10p ordinary	CFD	reducing a short position	600	4.9100 GBP
10p ordinary	CFD	reducing a short position	448	4.9115 GBP
10p ordinary	CFD	reducing a short position	1,359	4.9138 GBP
10p ordinary	CFD	reducing a short position	26,895	4.9170 GBP
10p ordinary	CFD	reducing a short position	6,130	4.9346 GBP
10p ordinary	CFD	reducing a short position	146	4.9346 GBP
10p ordinary	CFD	reducing a short position	22	4.9346 GBP
10p ordinary	CFD	reducing a short position	38	4.9346 GBP
10p ordinary	CFD	reducing a short position	1,078	4.9518 GBP
10p ordinary	CFD	reducing a short position	129	4.9801 GBP
10p ordinary	CFD	reducing a short position	1,129	4.9801 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:	17 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