Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc

21 August 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:	20 August 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	4,525,278	5.6200 GBP	5.4900 GBP
10p ordinary	PURCHASES	4,453,428	5.6260 GBP	5.4860 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	818	5.4900 GBP
10p ordinary	CFD	increasing a long position	7,450	5.4900 GBP
10p ordinary	CFD	increasing a long position	3,876	5.5060 GBP
10p ordinary	CFD	increasing a long position	18,031	5.5242 GBP
10p ordinary	CFD	increasing a long position	20,320	5.5255 GBP
10p ordinary	CFD	increasing a long position	206,080	5.5541 GBP
10p ordinary	CFD	increasing a long position	4,595	5.5585 GBP
10p ordinary	CFD	increasing a long position	2,106	5.5598 GBP
10p ordinary	CFD	increasing a long position	1,172	5.5620 GBP
10p ordinary	CFD	increasing a long position	1,468	5.5648 GBP
10p ordinary	CFD	increasing a long position	10,387	5.5651 GBP
10p ordinary	CFD	increasing a long position	5,098	5.6125 GBP
10p ordinary	CFD	increasing a short position	40	5.4900 GBP
10p ordinary	CFD	increasing a short position	374	5.4900 GBP
10p ordinary	CFD	increasing a short position	1	5.4900 GBP
10p ordinary	CFD	increasing a short position	3,869	5.4901 GBP
10p ordinary	CFD	increasing a short position	10,156	5.4915 GBP
10p ordinary	CFD	increasing a short position	9,490	5.4933 GBP
10p ordinary	CFD	increasing a short position	15,663	5.4934 GBP
10p ordinary	CFD	increasing a short position	15,751	5.4998 GBP
10p ordinary	CFD	increasing a short position	18,415	5.5008 GBP
10p ordinary	CFD	increasing a short position	1,236	5.5060 GBP
10p ordinary	CFD	increasing a short position	698	5.5103 GBP
10p ordinary	CFD	increasing a short position	2,232	5.5109 GBP
10p ordinary	CFD	increasing a short position	33,594	5.5175 GBP
10p ordinary	CFD	increasing a short position	177,000	5.5218 GBP
10p ordinary	CFD	increasing a short position	108,238	5.5251 GBP
10p ordinary	CFD	increasing a short position	43,750	5.5333 GBP
10p ordinary	CFD	increasing a short position	438	5.5431 GBP
10p ordinary	CFD	increasing a short position	659	5.5482 GBP
10p ordinary	CFD	increasing a short position	1,363	5.5482 GBP
10p ordinary	CFD	increasing a short position	6	5.5553 GBP
10p ordinary	CFD	increasing a short position	2,266	5.5741 GBP
10p ordinary	CFD	reducing a long position	7,980	5.4900 GBP
10p ordinary	CFD	reducing a long position	89,405	5.4900 GBP
10p ordinary	CFD	reducing a long position	359	5.4900 GBP
10p ordinary	CFD	reducing a long position	7,233	5.4900 GBP
10p ordinary	CFD	reducing a long position	6,967	5.4901 GBP
10p ordinary	CFD	reducing a long position	706	5.4984 GBP
10p ordinary	CFD	reducing a long position	863	5.5118 GBP
10p ordinary	CFD	reducing a long position	2,325	5.5124 GBP
10p ordinary	CFD	reducing a long position	13,075	5.5177 GBP
10p ordinary	CFD	reducing a long position	6,798	5.5186 GBP
10p ordinary	CFD	reducing a long position	8,603	5.5192 GBP
10p ordinary	CFD	reducing a long position	7,483	5.5251 GBP
10p ordinary	CFD	reducing a long position	45,584	5.5280 GBP
10p ordinary	CFD	reducing a long position	20,320	5.5306 GBP
10p ordinary	CFD	reducing a long position	3,736	5.5471 GBP
10p ordinary	CFD	reducing a long position	217	5.5585 GBP
10p ordinary	CFD	reducing a long position	1,172	5.5629 GBP
10p ordinary	CFD	reducing a short position	242	5.4900 GBP
10p ordinary	CFD	reducing a short position	25,197	5.4900 GBP
10p ordinary	CFD	reducing a short position	5,480	5.4900 GBP
10p ordinary	CFD	reducing a short position	105	5.4900 GBP
10p ordinary	CFD	reducing a short position	30,000	5.5100 GBP
10p ordinary	CFD	reducing a short position	8,816	5.5114 GBP
10p ordinary	CFD	reducing a short position	150,232	5.5116 GBP
10p ordinary	CFD	reducing a short position	2,128	5.5134 GBP
10p ordinary	CFD	reducing a short position	7,300	5.5176 GBP
10p ordinary	CFD	reducing a short position	72	5.5187 GBP
10p ordinary	CFD	reducing a short position	69,364	5.5320 GBP
10p ordinary	CFD	reducing a short position	7,778	5.5375 GBP
10p ordinary	CFD	reducing a short position	73,805	5.5375 GBP
10p ordinary	CFD	reducing a short position	1,335	5.5443 GBP
10p ordinary	CFD	reducing a short position	3,869	5.5538 GBP
10p ordinary	CFD	reducing a short position	23,215	5.5850 GBP
10p ordinary	CFD	reducing a short position	636	5.6134 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:	21 August 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