Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

15 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:	12 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

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	1,431,826	5.0110 GBP	4.9185 GBP
10p ordinary	PURCHASES	1,455,491	5.0220 GBP	4.9200 GBP
10p ordinary	PURCHASES	7,905	6.4662 USD	6.4662 USD
10p ordinary	SALES	7,905	6.4662 USD	6.4662 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	50,400	4.9510 GBP
10p ordinary	CFD	increasing a long position	22,537	4.9586 GBP
10p ordinary	CFD	increasing a long position	44,149	4.9631 GBP
10p ordinary	CFD	increasing a long position	21,160	4.9631 GBP
10p ordinary	CFD	increasing a long position	3,711	4.9711 GBP
10p ordinary	CFD	increasing a long position	21,982	4.9780 GBP
10p ordinary	CFD	increasing a long position	20,099	4.9799 GBP
10p ordinary	CFD	increasing a short position	1,582	4.9447 GBP
10p ordinary	CFD	increasing a short position	68,654	4.9558 GBP
10p ordinary	CFD	increasing a short position	34	4.9624 GBP
10p ordinary	CFD	increasing a short position	45,688	4.9698 GBP
10p ordinary	CFD	increasing a short position	165	4.9780 GBP
10p ordinary	CFD	increasing a short position	3,463	4.9780 GBP
10p ordinary	CFD	increasing a short position	389	4.9780 GBP
10p ordinary	CFD	increasing a short position	19	4.9780 GBP
10p ordinary	CFD	increasing a short position	1,402	4.9780 GBP
10p ordinary	CFD	increasing a short position	2,520	4.9780 GBP
10p ordinary	CFD	increasing a short position	2,351	4.9781 GBP
10p ordinary	CFD	increasing a short position	1	4.9800 GBP
10p ordinary	CFD	increasing a short position	25,688	4.9803 GBP
10p ordinary	CFD	increasing a short position	958	4.9808 GBP
10p ordinary	CFD	increasing a short position	502	4.9812 GBP
10p ordinary	CFD	increasing a short position	840	4.9812 GBP
10p ordinary	CFD	increasing a short position	25,880	4.9895 GBP
10p ordinary	CFD	increasing a short position	1,258	4.9934 GBP
10p ordinary	CFD	increasing a short position	1,089	5.0044 GBP
10p ordinary	CFD	increasing a short position	93	5.0181 GBP
10p ordinary	CFD	reducing a long position	48	4.9407 GBP
10p ordinary	CFD	reducing a long position	276	4.9428 GBP
10p ordinary	CFD	reducing a long position	576	4.9428 GBP
10p ordinary	CFD	reducing a long position	288,000	4.9635 GBP
10p ordinary	CFD	reducing a long position	9,895	4.9789 GBP
10p ordinary	CFD	reducing a short position	1,582	4.9472 GBP
10p ordinary	CFD	reducing a short position	730	4.9520 GBP
10p ordinary	CFD	reducing a short position	1	4.9598 GBP
10p ordinary	CFD	reducing a short position	75,184	4.9670 GBP
10p ordinary	CFD	reducing a short position	4,501	4.9676 GBP
10p ordinary	CFD	reducing a short position	287	4.9682 GBP
10p ordinary	CFD	reducing a short position	44,616	4.9698 GBP
10p ordinary	CFD	reducing a short position	37,100	4.9719 GBP
10p ordinary	CFD	reducing a short position	51,756	4.9732 GBP
10p ordinary	CFD	reducing a short position	489	4.9769 GBP
10p ordinary	CFD	reducing a short position	4,594	4.9769 GBP
10p ordinary	CFD	reducing a short position	518	4.9780 GBP
10p ordinary	CFD	reducing a short position	23,345	4.9780 GBP
10p ordinary	CFD	reducing a short position	13,505	4.9780 GBP
10p ordinary	CFD	reducing a short position	8,598	4.9802 GBP
10p ordinary	CFD	reducing a short position	24,140	4.9847 GBP
10p ordinary	CFD	reducing a short position	17,483	4.9851 GBP
10p ordinary	CFD	reducing a short position	26,757	4.9864 GBP
10p ordinary	CFD	reducing a short position	3,710	4.9867 GBP
10p ordinary	CFD	reducing a short position	14,313	4.9872 GBP
10p ordinary	CFD	reducing a short position	1,258	5.0110 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:	15 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