Form 8.5 (EPT/RI)-Barratt Developments plc

Morgan Stanley & Co. Int'l plc
22 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:

21 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

PURCHASES

9,275,891

5.5220 GBP

5.4292 GBP

10p ordinary

SALES

16,301,424

5.5260 GBP

5.4296 GBP

10p ordinary

PURCHASES

582,015

7.0986 USD

7.0986 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

148,294

5.4298 GBP

10p ordinary

CFD

increasing a long position

19,993

5.4299 GBP

10p ordinary

CFD

increasing a long position

2,012

5.4300 GBP

10p ordinary

CFD

increasing a long position

43,200

5.4300 GBP

10p ordinary

CFD

increasing a long position

1,303,526

5.4300 GBP

10p ordinary

CFD

increasing a long position

419,376

5.4300 GBP

10p ordinary

CFD

increasing a long position

720,000

5.4300 GBP

10p ordinary

CFD

increasing a long position

5,760,000

5.4300 GBP

10p ordinary

CFD

increasing a long position

7,632

5.4322 GBP

10p ordinary

CFD

increasing a long position

8,993

5.4405 GBP

10p ordinary

CFD

increasing a long position

4,066

5.4620 GBP

10p ordinary

CFD

increasing a long position

19,534

5.4682 GBP

10p ordinary

CFD

increasing a long position

52,488

5.4783 GBP

10p ordinary

CFD

increasing a long position

522,271

5.4848 GBP

10p ordinary

CFD

increasing a long position

3,048

5.4981 GBP

10p ordinary

CFD

increasing a long position

229

5.4993 GBP

10p ordinary

CFD

increasing a long position

39

5.5021 GBP

10p ordinary

CFD

increasing a short position

56,290

5.4300 GBP

10p ordinary

CFD

increasing a short position

770,555

5.4300 GBP

10p ordinary

CFD

increasing a short position

34,653

5.4300 GBP

10p ordinary

CFD

increasing a short position

282,771

5.4300 GBP

10p ordinary

CFD

increasing a short position

323,315

5.4300 GBP

10p ordinary

CFD

increasing a short position

293,167

5.4300 GBP

10p ordinary

CFD

increasing a short position

281,945

5.4300 GBP

10p ordinary

CFD

increasing a short position

2,077

5.4300 GBP

10p ordinary

CFD

increasing a short position

97,029

5.4300 GBP

10p ordinary

CFD

increasing a short position

232,775

5.4300 GBP

10p ordinary

CFD

increasing a short position

913

5.4304 GBP

10p ordinary

CFD

increasing a short position

188,039

5.4364 GBP

10p ordinary

CFD

increasing a short position

12,908

5.4459 GBP

10p ordinary

CFD

increasing a short position

21,305

5.4460 GBP

10p ordinary

CFD

increasing a short position

58,300

5.4478 GBP

10p ordinary

CFD

increasing a short position

32,207

5.4479 GBP

10p ordinary

CFD

increasing a short position

7,453

5.4708 GBP

10p ordinary

CFD

increasing a short position

9,148

5.4799 GBP

10p ordinary

CFD

increasing a short position

12,597

5.4832 GBP

10p ordinary

CFD

increasing a short position

1,978

5.4870 GBP

10p ordinary

CFD

increasing a short position

4,436

5.4872 GBP

10p ordinary

CFD

increasing a short position

3,172

5.4896 GBP

10p ordinary

CFD

increasing a short position

60,859

5.4899 GBP

10p ordinary

CFD

increasing a short position

106,965

5.4906 GBP

10p ordinary

CFD

increasing a short position

84,486

5.4927 GBP

10p ordinary

CFD

increasing a short position

67,404

5.4937 GBP

10p ordinary

CFD

increasing a short position

1,207

5.5014 GBP

10p ordinary

CFD

increasing a short position

36

5.5099 GBP

10p ordinary

CFD

increasing a short position

11,440

5.5107 GBP

10p ordinary

CFD

increasing a short position

1,482

5.5189 GBP

10p ordinary

CFD

reducing a long position

582,015

5.4300 GBP

10p ordinary

CFD

reducing a long position

178,988

5.4300 GBP

10p ordinary

CFD

reducing a long position

306

5.4300 GBP

10p ordinary

CFD

reducing a long position

46,927

5.4300 GBP

10p ordinary

CFD

reducing a long position

7,386

5.4300 GBP

10p ordinary

CFD

reducing a long position

39,467

5.4303 GBP

10p ordinary

CFD

reducing a long position

46,575

5.4462 GBP

10p ordinary

CFD

reducing a long position

40,146

5.4467 GBP

10p ordinary

CFD

reducing a long position

3,048

5.4674 GBP

10p ordinary

CFD

reducing a long position

20,167

5.4719 GBP

10p ordinary

CFD

reducing a long position

689

5.4822 GBP

10p ordinary

CFD

reducing a long position

5,535

5.4906 GBP

10p ordinary

CFD

reducing a long position

112,389

5.4927 GBP

10p ordinary

CFD

reducing a long position

36

5.5014 GBP

10p ordinary

CFD

reducing a long position

188

5.5015 GBP

10p ordinary

CFD

reducing a long position

14,458

5.5041 GBP

10p ordinary

CFD

reducing a long position

285

5.5041 GBP

10p ordinary

CFD

reducing a long position

15,738

5.5042 GBP

10p ordinary

CFD

reducing a long position

52,488

5.5182 GBP

10p ordinary

CFD

reducing a short position

400

5.4296 GBP

10p ordinary

CFD

reducing a short position

97,089

5.4299 GBP

10p ordinary

CFD

reducing a short position

65,316

5.4300 GBP

10p ordinary

CFD

reducing a short position

127,553

5.4300 GBP

10p ordinary

CFD

reducing a short position

226

5.4300 GBP

10p ordinary

CFD

reducing a short position

797

5.4300 GBP

10p ordinary

CFD

reducing a short position

7,828

5.4300 GBP

10p ordinary

CFD

reducing a short position

238

5.4300 GBP

10p ordinary

CFD

reducing a short position

5,371

5.4365 GBP

10p ordinary

CFD

reducing a short position

4,785

5.4367 GBP

10p ordinary

CFD

reducing a short position

17,387

5.4405 GBP

10p ordinary

CFD

reducing a short position

1,200

5.4416 GBP

10p ordinary

CFD

reducing a short position

11,384

5.4416 GBP

10p ordinary

CFD

reducing a short position

70,000

5.4480 GBP

10p ordinary

CFD

reducing a short position

926

5.4590 GBP

10p ordinary

CFD

reducing a short position

938

5.4878 GBP

10p ordinary

CFD

reducing a short position

18,136

5.4881 GBP

10p ordinary

CFD

reducing a short position

69,324

5.4971 GBP

10p ordinary

CFD

reducing a short position

5,426

5.5007 GBP

10p ordinary

CFD

reducing a short position

432,000

5.5017 GBP

10p ordinary

CFD

reducing a short position

50,245

5.5062 GBP

10p ordinary

CFD

reducing a short position

1,995

5.5067 GBP

10p ordinary

CFD

reducing a short position

1,998

5.5069 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:

22 August 2024

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

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 +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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