Form 8.5 (EPT/RI)- Barratt Developments plc

Morgan Stanley & Co. Int'l plc

09 July 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:	08 July 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	1,324,811	5.0820 GBP	5.0194 GBP
10p ordinary	SALES	1,079,031	5.0820 GBP	5.0200 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	24,994	5.0270 GBP
10p ordinary	CFD	increasing a long position	65	5.0300 GBP
10p ordinary	CFD	increasing a long position	10,677	5.0351 GBP
10p ordinary	CFD	increasing a long position	13,091	5.0380 GBP
10p ordinary	CFD	increasing a long position	2,128	5.0411 GBP
10p ordinary	CFD	increasing a long position	9,674	5.0437 GBP
10p ordinary	CFD	increasing a long position	593	5.0445 GBP
10p ordinary	CFD	increasing a long position	2,271	5.0462 GBP
10p ordinary	CFD	increasing a long position	6,044	5.0508 GBP
10p ordinary	CFD	increasing a long position	1,893	5.0763 GBP
10p ordinary	CFD	increasing a short position	263	5.0259 GBP
10p ordinary	CFD	increasing a short position	442	5.0260 GBP
10p ordinary	CFD	increasing a short position	3,818	5.0353 GBP
10p ordinary	CFD	increasing a short position	6,736	5.0359 GBP
10p ordinary	CFD	increasing a short position	106,286	5.0366 GBP
10p ordinary	CFD	increasing a short position	159	5.0380 GBP
10p ordinary	CFD	increasing a short position	484	5.0380 GBP
10p ordinary	CFD	increasing a short position	6,950	5.0380 GBP
10p ordinary	CFD	increasing a short position	5,461	5.0387 GBP
10p ordinary	CFD	increasing a short position	31,579	5.0403 GBP
10p ordinary	CFD	increasing a short position	1,408	5.0413 GBP
10p ordinary	CFD	increasing a short position	584	5.0415 GBP
10p ordinary	CFD	increasing a short position	27	5.0424 GBP
10p ordinary	CFD	increasing a short position	2,597	5.0429 GBP
10p ordinary	CFD	increasing a short position	59	5.0430 GBP
10p ordinary	CFD	increasing a short position	3,484	5.0458 GBP
10p ordinary	CFD	increasing a short position	28,354	5.0474 GBP
10p ordinary	CFD	increasing a short position	100,000	5.0475 GBP
10p ordinary	CFD	increasing a short position	1,098	5.0500 GBP
10p ordinary	CFD	increasing a short position	3,079	5.0540 GBP
10p ordinary	CFD	reducing a long position	9,257	5.0281 GBP
10p ordinary	CFD	reducing a long position	5,934	5.0366 GBP
10p ordinary	CFD	reducing a long position	1,400	5.0380 GBP
10p ordinary	CFD	reducing a long position	9,186	5.0380 GBP
10p ordinary	CFD	reducing a long position	65	5.0380 GBP
10p ordinary	CFD	reducing a long position	12,881	5.0381 GBP
10p ordinary	CFD	reducing a long position	4,351	5.0398 GBP
10p ordinary	CFD	reducing a long position	234	5.0398 GBP
10p ordinary	CFD	reducing a long position	25,104	5.0403 GBP
10p ordinary	CFD	reducing a long position	593	5.0427 GBP
10p ordinary	CFD	reducing a long position	7,706	5.0474 GBP
10p ordinary	CFD	reducing a long position	3,625	5.0481 GBP
10p ordinary	CFD	reducing a long position	132,488	5.0578 GBP
10p ordinary	CFD	reducing a long position	1,893	5.0653 GBP
10p ordinary	CFD	reducing a short position	4,998	5.0291 GBP
10p ordinary	CFD	reducing a short position	5,202	5.0326 GBP
10p ordinary	CFD	reducing a short position	3,040	5.0352 GBP
10p ordinary	CFD	reducing a short position	5,744	5.0372 GBP
10p ordinary	CFD	reducing a short position	5,576	5.0372 GBP
10p ordinary	CFD	reducing a short position	703	5.0376 GBP
10p ordinary	CFD	reducing a short position	16,066	5.0380 GBP
10p ordinary	CFD	reducing a short position	3,560	5.0380 GBP
10p ordinary	CFD	reducing a short position	765	5.0380 GBP
10p ordinary	CFD	reducing a short position	1,641	5.0380 GBP
10p ordinary	CFD	reducing a short position	2,859	5.0380 GBP
10p ordinary	CFD	reducing a short position	2,706	5.0394 GBP
10p ordinary	CFD	reducing a short position	46,663	5.0404 GBP
10p ordinary	CFD	reducing a short position	2,090	5.0408 GBP
10p ordinary	CFD	reducing a short position	46,400	5.0408 GBP
10p ordinary	CFD	reducing a short position	19,652	5.0408 GBP
10p ordinary	CFD	reducing a short position	28,354	5.0462 GBP
10p ordinary	CFD	reducing a short position	3,536	5.0465 GBP
10p ordinary	CFD	reducing a short position	20,713	5.0519 GBP
10p ordinary	CFD	reducing a short position	726	5.0520 GBP
10p ordinary	CFD	reducing a short position	627	5.0567 GBP
10p ordinary	CFD	reducing a short position	948	5.0683 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:	09 July 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