Form 8.5 (EPT/RI)-Replacement of Barratt Developme

Morgan Stanley & Co. Int'l plc
09 August 2024
 

AMENDMENT(2(a), 2(b))

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:

07 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

1,225,505

5.2420 GBP

5.1780 GBP

10p ordinary

SALES

3,852,757

5.2608 GBP

5.0789 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

35,726

5.0789 GBP

10p ordinary

CFD

increasing a long position

1,353,500

5.1780 GBP

10p ordinary

CFD

increasing a long position

56

5.2078 GBP

10p ordinary

CFD

increasing a long position

166

5.2079 GBP

10p ordinary

CFD

increasing a long position

33,755

5.2095 GBP

10p ordinary

CFD

increasing a long position

10,488

5.2100 GBP

10p ordinary

CFD

increasing a long position

240

5.2100 GBP

10p ordinary

CFD

increasing a long position

2,263

5.2100 GBP

10p ordinary

CFD

increasing a long position

290

5.2132 GBP

10p ordinary

CFD

increasing a long position

20

5.2140 GBP

10p ordinary

CFD

increasing a long position

745

5.2169 GBP

10p ordinary

CFD

increasing a long position

11,706

5.2174 GBP

10p ordinary

CFD

increasing a long position

10,440

5.2199 GBP

10p ordinary

CFD

increasing a long position

416

5.2247 GBP

10p ordinary

CFD

increasing a long position

327

5.2268 GBP

10p ordinary

CFD

increasing a long position

14,004

5.2608 GBP

10p ordinary

CFD

increasing a short position

37

5.1780 GBP

10p ordinary

CFD

increasing a short position

347

5.1780 GBP

10p ordinary

CFD

increasing a short position

14,587

5.1936 GBP

10p ordinary

CFD

increasing a short position

25,000

5.2061 GBP

10p ordinary

CFD

increasing a short position

3,715

5.2062 GBP

10p ordinary

CFD

increasing a short position

7,751

5.2062 GBP

10p ordinary

CFD

increasing a short position

3,476

5.2090 GBP

10p ordinary

CFD

increasing a short position

1,686

5.2093 GBP

10p ordinary

CFD

increasing a short position

15,844

5.2096 GBP

10p ordinary

CFD

increasing a short position

10,956

5.2096 GBP

10p ordinary

CFD

increasing a short position

26

5.2100 GBP

10p ordinary

CFD

increasing a short position

1

5.2100 GBP

10p ordinary

CFD

increasing a short position

1,928

5.2100 GBP

10p ordinary

CFD

increasing a short position

165

5.2100 GBP

10p ordinary

CFD

increasing a short position

373

5.2100 GBP

10p ordinary

CFD

increasing a short position

3,052

5.2100 GBP

10p ordinary

CFD

increasing a short position

7,502

5.2101 GBP

10p ordinary

CFD

increasing a short position

4,534

5.2108 GBP

10p ordinary

CFD

increasing a short position

4,508

5.2117 GBP

10p ordinary

CFD

increasing a short position

59,139

5.2124 GBP

10p ordinary

CFD

increasing a short position

116,500

5.2127 GBP

10p ordinary

CFD

increasing a short position

1,683

5.2128 GBP

10p ordinary

CFD

increasing a short position

11,144

5.2148 GBP

10p ordinary

CFD

increasing a short position

6,283

5.2190 GBP

10p ordinary

CFD

increasing a short position

33

5.2200 GBP

10p ordinary

CFD

reducing a long position

582

5.2093 GBP

10p ordinary

CFD

reducing a long position

7,563

5.2095 GBP

10p ordinary

CFD

reducing a long position

11,648

5.2096 GBP

10p ordinary

CFD

reducing a long position

255

5.2100 GBP

10p ordinary

CFD

reducing a long position

10,834

5.2100 GBP

10p ordinary

CFD

reducing a long position

260

5.2100 GBP

10p ordinary

CFD

reducing a long position

535

5.2100 GBP

10p ordinary

CFD

reducing a long position

3,823

5.2133 GBP

10p ordinary

CFD

reducing a long position

19,677

5.2157 GBP

10p ordinary

CFD

reducing a long position

3,441

5.2168 GBP

10p ordinary

CFD

reducing a short position

580

5.1916 GBP

10p ordinary

CFD

reducing a short position

2,187

5.2037 GBP

10p ordinary

CFD

reducing a short position

1,090

5.2051 GBP

10p ordinary

CFD

reducing a short position

5,137

5.2079 GBP

10p ordinary

CFD

reducing a short position

9

5.2089 GBP

10p ordinary

CFD

reducing a short position

4,508

5.2093 GBP

10p ordinary

CFD

reducing a short position

254

5.2099 GBP

10p ordinary

CFD

reducing a short position

4,129

5.2120 GBP

10p ordinary

CFD

reducing a short position

985

5.2135 GBP

10p ordinary

CFD

reducing a short position

2,769

5.2135 GBP

10p ordinary

CFD

reducing a short position

2,762

5.2138 GBP

10p ordinary

CFD

reducing a short position

33

5.2140 GBP

10p ordinary

CFD

reducing a short position

15,844

5.2174 GBP

10p ordinary

CFD

reducing a short position

1,683

5.2184 GBP

10p ordinary

CFD

reducing a short position

3,796

5.2205 GBP

10p ordinary

CFD

reducing a short position

3,722

5.2247 GBP

10p ordinary

CFD

reducing a short position

1,460

5.2282 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:

09 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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