Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

29 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:	26 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	1,158,008	5.1980 GBP	5.0752 GBP
10p ordinary	SALES	1,292,934	5.1982 GBP	5.0770 GBP
10p ordinary	PURCHASES	18,865	6.6812 USD	6.6812 USD
10p ordinary	SALES	18,865	6.6812 USD	6.6812 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	1,557	5.0832 GBP
10p ordinary	CFD	increasing a long position	1,668	5.0899 GBP
10p ordinary	CFD	increasing a long position	289,776	5.0902 GBP
10p ordinary	CFD	increasing a long position	4,643	5.1118 GBP
10p ordinary	CFD	increasing a long position	732	5.1298 GBP
10p ordinary	CFD	increasing a long position	31,321	5.1355 GBP
10p ordinary	CFD	increasing a long position	622	5.1495 GBP
10p ordinary	CFD	increasing a long position	248	5.1499 GBP
10p ordinary	CFD	increasing a long position	643	5.1508 GBP
10p ordinary	CFD	increasing a long position	273,793	5.1514 GBP
10p ordinary	CFD	increasing a long position	5,024	5.1590 GBP
10p ordinary	CFD	increasing a long position	14,835	5.1633 GBP
10p ordinary	CFD	increasing a long position	1,300	5.1653 GBP
10p ordinary	CFD	increasing a long position	22	5.1980 GBP
10p ordinary	CFD	increasing a long position	15,350	5.1980 GBP
10p ordinary	CFD	increasing a long position	1,609	5.1980 GBP
10p ordinary	CFD	increasing a long position	176	5.1981 GBP
10p ordinary	CFD	increasing a short position	135,638	5.0918 GBP
10p ordinary	CFD	increasing a short position	187	5.1327 GBP
10p ordinary	CFD	increasing a short position	387	5.1327 GBP
10p ordinary	CFD	increasing a short position	654	5.1335 GBP
10p ordinary	CFD	increasing a short position	13	5.1363 GBP
10p ordinary	CFD	increasing a short position	17,514	5.1461 GBP
10p ordinary	CFD	increasing a short position	450	5.1538 GBP
10p ordinary	CFD	increasing a short position	2,219	5.1541 GBP
10p ordinary	CFD	increasing a short position	1,382	5.1545 GBP
10p ordinary	CFD	increasing a short position	4,023	5.1553 GBP
10p ordinary	CFD	increasing a short position	472	5.1560 GBP
10p ordinary	CFD	increasing a short position	12,994	5.1576 GBP
10p ordinary	CFD	increasing a short position	2,036	5.1594 GBP
10p ordinary	CFD	increasing a short position	1,280	5.1595 GBP
10p ordinary	CFD	increasing a short position	162,700	5.1663 GBP
10p ordinary	CFD	increasing a short position	13,568	5.1706 GBP
10p ordinary	CFD	increasing a short position	4,315	5.1760 GBP
10p ordinary	CFD	increasing a short position	249	5.1980 GBP
10p ordinary	CFD	increasing a short position	891	5.1980 GBP
10p ordinary	CFD	increasing a short position	47,623	5.1980 GBP
10p ordinary	CFD	increasing a short position	1	5.1980 GBP
10p ordinary	CFD	reducing a long position	176	5.0800 GBP
10p ordinary	CFD	reducing a long position	1,600	5.1213 GBP
10p ordinary	CFD	reducing a long position	4,809	5.1327 GBP
10p ordinary	CFD	reducing a long position	9,943	5.1327 GBP
10p ordinary	CFD	reducing a long position	24,008	5.1335 GBP
10p ordinary	CFD	reducing a long position	4,643	5.1494 GBP
10p ordinary	CFD	reducing a long position	5,024	5.1561 GBP
10p ordinary	CFD	reducing a long position	1,557	5.1706 GBP
10p ordinary	CFD	reducing a long position	2,677	5.1770 GBP
10p ordinary	CFD	reducing a long position	17,998	5.1980 GBP
10p ordinary	CFD	reducing a long position	22	5.1980 GBP
10p ordinary	CFD	reducing a long position	517	5.1980 GBP
10p ordinary	CFD	reducing a long position	3,152	5.1980 GBP
10p ordinary	CFD	reducing a short position	2,856	5.0813 GBP
10p ordinary	CFD	reducing a short position	238	5.0885 GBP
10p ordinary	CFD	reducing a short position	6,027	5.1194 GBP
10p ordinary	CFD	reducing a short position	654	5.1355 GBP
10p ordinary	CFD	reducing a short position	11,635	5.1590 GBP
10p ordinary	CFD	reducing a short position	199	5.1782 GBP
10p ordinary	CFD	reducing a short position	1,866	5.1782 GBP
10p ordinary	CFD	reducing a short position	2,424	5.1880 GBP
10p ordinary	CFD	reducing a short position	5,046	5.1972 GBP
10p ordinary	CFD	reducing a short position	115	5.1980 GBP
10p ordinary	CFD	reducing a short position	494	5.1980 GBP
10p ordinary	CFD	reducing a short position	407	5.1980 GBP
10p ordinary	CFD	reducing a short position	231	5.1980 GBP
10p ordinary	CFD	reducing a short position	145	5.1980 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:	29 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