Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

25 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:	24 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	SALES	1,064,031	5.0680 GBP	4.9170 GBP
10p ordinary	PURCHASES	840,054	5.0700 GBP	4.9170 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	2,174,384	4.9170 GBP
10p ordinary	CFD	increasing a long position	155	4.9171 GBP
10p ordinary	CFD	increasing a long position	660	4.9355 GBP
10p ordinary	CFD	increasing a long position	66	4.9501 GBP
10p ordinary	CFD	increasing a long position	2,762	4.9684 GBP
10p ordinary	CFD	increasing a long position	6,193	4.9800 GBP
10p ordinary	CFD	increasing a long position	11,942	5.0055 GBP
10p ordinary	CFD	increasing a long position	9,246	5.0167 GBP
10p ordinary	CFD	increasing a long position	640	5.0229 GBP
10p ordinary	CFD	increasing a long position	47,621	5.0277 GBP
10p ordinary	CFD	increasing a long position	3,823	5.0330 GBP
10p ordinary	CFD	increasing a long position	34	5.0420 GBP
10p ordinary	CFD	increasing a long position	29,703	5.0517 GBP
10p ordinary	CFD	increasing a long position	5,184	5.0533 GBP
10p ordinary	CFD	increasing a long position	21,206	5.0660 GBP
10p ordinary	CFD	increasing a long position	59,643	5.0660 GBP
10p ordinary	CFD	increasing a short position	124	4.9170 GBP
10p ordinary	CFD	increasing a short position	369	4.9174 GBP
10p ordinary	CFD	increasing a short position	401	4.9468 GBP
10p ordinary	CFD	increasing a short position	824	4.9541 GBP
10p ordinary	CFD	increasing a short position	219	4.9561 GBP
10p ordinary	CFD	increasing a short position	19,750	5.0177 GBP
10p ordinary	CFD	increasing a short position	26,452	5.0265 GBP
10p ordinary	CFD	increasing a short position	88,400	5.0404 GBP
10p ordinary	CFD	increasing a short position	17,704	5.0447 GBP
10p ordinary	CFD	increasing a short position	1,883	5.0447 GBP
10p ordinary	CFD	increasing a short position	17,311	5.0453 GBP
10p ordinary	CFD	increasing a short position	3	5.0460 GBP
10p ordinary	CFD	increasing a short position	31	5.0520 GBP
10p ordinary	CFD	increasing a short position	4,356	5.0562 GBP
10p ordinary	CFD	increasing a short position	9	5.0660 GBP
10p ordinary	CFD	reducing a long position	2,174,384	4.9170 GBP
10p ordinary	CFD	reducing a long position	2,762	4.9709 GBP
10p ordinary	CFD	reducing a long position	1,158	5.0168 GBP
10p ordinary	CFD	reducing a long position	1	5.0181 GBP
10p ordinary	CFD	reducing a long position	12	5.0202 GBP
10p ordinary	CFD	reducing a long position	640	5.0215 GBP
10p ordinary	CFD	reducing a long position	32,626	5.0299 GBP
10p ordinary	CFD	reducing a long position	19,113	5.0542 GBP
10p ordinary	CFD	reducing a long position	9,294	5.0553 GBP
10p ordinary	CFD	reducing a long position	3,580	5.0583 GBP
10p ordinary	CFD	reducing a long position	30,416	5.0660 GBP
10p ordinary	CFD	reducing a long position	155	5.0660 GBP
10p ordinary	CFD	reducing a long position	34	5.0660 GBP
10p ordinary	CFD	reducing a short position	1,444	4.9487 GBP
10p ordinary	CFD	reducing a short position	27,436	5.0055 GBP
10p ordinary	CFD	reducing a short position	32,350	5.0277 GBP
10p ordinary	CFD	reducing a short position	2,103	5.0379 GBP
10p ordinary	CFD	reducing a short position	3	5.0420 GBP
10p ordinary	CFD	reducing a short position	31	5.0517 GBP
10p ordinary	CFD	reducing a short position	1,982	5.0605 GBP
10p ordinary	CFD	reducing a short position	61,919	5.0618 GBP
10p ordinary	CFD	reducing a short position	19,867	5.0659 GBP
10p ordinary	CFD	reducing a short position	38	5.0660 GBP
10p ordinary	CFD	reducing a short position	99,726	5.0660 GBP
10p ordinary	CFD	reducing a short position	505	5.0660 GBP
10p ordinary	CFD	reducing a short position	29,093	5.0660 GBP
10p ordinary	CFD	reducing a short position	60	5.0660 GBP
10p ordinary	CFD	reducing a short position	11,856	5.0660 GBP
10p ordinary	CFD	reducing a short position	95	5.0661 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:	25 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