Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

24 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:	21 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	1,152,288	4.7885 GBP	4.7336 GBP
10p ordinary	PURCHASES	1,603,025	4.7890 GBP	4.7305 GBP

(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	235	4.7420 GBP
10p ordinary	CFD	increasing a long position	4,415	4.7451 GBP
10p ordinary	CFD	increasing a long position	501	4.7570 GBP
10p ordinary	CFD	increasing a long position	1,901	4.7640 GBP
10p ordinary	CFD	increasing a short position	761	4.7350 GBP
10p ordinary	CFD	increasing a short position	791	4.7394 GBP
10p ordinary	CFD	increasing a short position	1,050	4.7420 GBP
10p ordinary	CFD	increasing a short position	4,353	4.7420 GBP
10p ordinary	CFD	increasing a short position	299	4.7420 GBP
10p ordinary	CFD	increasing a short position	6,000	4.7420 GBP
10p ordinary	CFD	increasing a short position	206	4.7420 GBP
10p ordinary	CFD	increasing a short position	11,118	4.7420 GBP
10p ordinary	CFD	increasing a short position	6,189	4.7420 GBP
10p ordinary	CFD	increasing a short position	166,731	4.7420 GBP
10p ordinary	CFD	increasing a short position	14,119	4.7421 GBP
10p ordinary	CFD	increasing a short position	2,400	4.7425 GBP
10p ordinary	CFD	increasing a short position	21,820	4.7436 GBP
10p ordinary	CFD	increasing a short position	21,091	4.7476 GBP
10p ordinary	CFD	increasing a short position	34	4.7490 GBP
10p ordinary	CFD	increasing a short position	7,773	4.7502 GBP
10p ordinary	CFD	increasing a short position	3,439	4.7515 GBP
10p ordinary	CFD	increasing a short position	4,435	4.7529 GBP
10p ordinary	CFD	increasing a short position	55,260	4.7556 GBP
10p ordinary	CFD	increasing a short position	438	4.7557 GBP
10p ordinary	CFD	increasing a short position	501	4.7580 GBP
10p ordinary	CFD	increasing a short position	9,066	4.7587 GBP
10p ordinary	CFD	increasing a short position	4,670	4.7611 GBP
10p ordinary	CFD	increasing a short position	7,430	4.7773 GBP
10p ordinary	CFD	increasing a short position	3,075	4.7808 GBP
10p ordinary	CFD	increasing a short position	23,359	4.7850 GBP
10p ordinary	CFD	reducing a long position	168,742	4.7420 GBP
10p ordinary	CFD	reducing a long position	4,415	4.7420 GBP
10p ordinary	CFD	reducing a long position	14,169	4.7420 GBP
10p ordinary	CFD	reducing a long position	8,861	4.7421 GBP
10p ordinary	CFD	reducing a long position	2,619	4.7434 GBP
10p ordinary	CFD	reducing a long position	84,474	4.7497 GBP
10p ordinary	CFD	reducing a long position	32,200	4.7529 GBP
10p ordinary	CFD	reducing a short position	4,795	4.7419 GBP
10p ordinary	CFD	reducing a short position	30,097	4.7420 GBP
10p ordinary	CFD	reducing a short position	427	4.7420 GBP
10p ordinary	CFD	reducing a short position	22	4.7424 GBP
10p ordinary	CFD	reducing a short position	16,570	4.7434 GBP
10p ordinary	CFD	reducing a short position	4,449	4.7437 GBP
10p ordinary	CFD	reducing a short position	507	4.7437 GBP
10p ordinary	CFD	reducing a short position	6,035	4.7442 GBP
10p ordinary	CFD	reducing a short position	32	4.7450 GBP
10p ordinary	CFD	reducing a short position	56	4.7453 GBP
10p ordinary	CFD	reducing a short position	32	4.7453 GBP
10p ordinary	CFD	reducing a short position	160	4.7453 GBP
10p ordinary	CFD	reducing a short position	33,221	4.7453 GBP
10p ordinary	CFD	reducing a short position	11,082	4.7453 GBP
10p ordinary	CFD	reducing a short position	11,643	4.7455 GBP
10p ordinary	CFD	reducing a short position	4,048	4.7462 GBP
10p ordinary	CFD	reducing a short position	33,100	4.7467 GBP
10p ordinary	CFD	reducing a short position	47,998	4.7522 GBP
10p ordinary	CFD	reducing a short position	45	4.7537 GBP
10p ordinary	CFD	reducing a short position	578	4.7545 GBP
10p ordinary	CFD	reducing a short position	31,059	4.7560 GBP
10p ordinary	CFD	reducing a short position	4,435	4.7572 GBP
10p ordinary	CFD	reducing a short position	1,179	4.7579 GBP
10p ordinary	CFD	reducing a short position	56,635	4.7581 GBP
10p ordinary	CFD	reducing a short position	8	4.7719 GBP
10p ordinary	CFD	reducing a short position	3,075	4.7748 GBP
10p ordinary	CFD	reducing a short position	9,411	4.7781 GBP
10p ordinary	CFD	reducing a short position	299	4.7819 GBP
10p ordinary	CFD	reducing a short position	23,359	4.7885 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:	24 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