Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc

18 March 2024

 

AMENDMENT(2(a))

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:	14 March 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	1,366,494	4.8215 GBP	4.7410 GBP
10p ordinary	PURCHASES	1,394,102	4.8320 GBP	4.7385 GBP
10p ordinary	SALES	11,760	5.5880 EUR	5.5880 EUR

(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	400	4.7470 GBP
10p ordinary	CFD	increasing a long position	1,918	4.7622 GBP
10p ordinary	CFD	increasing a long position	8,411	4.7710 GBP
10p ordinary	CFD	increasing a long position	9,900	4.7710 GBP
10p ordinary	CFD	increasing a long position	10,495	4.7710 GBP
10p ordinary	CFD	increasing a long position	253	4.7710 GBP
10p ordinary	CFD	increasing a long position	3,658	4.7710 GBP
10p ordinary	CFD	increasing a long position	14,053	4.7710 GBP
10p ordinary	CFD	increasing a long position	50,446	4.7711 GBP
10p ordinary	CFD	increasing a long position	416	4.7724 GBP
10p ordinary	CFD	increasing a long position	46,117	4.7727 GBP
10p ordinary	CFD	increasing a long position	18,043	4.7730 GBP
10p ordinary	CFD	increasing a long position	525	4.7740 GBP
10p ordinary	CFD	increasing a long position	703	4.7740 GBP
10p ordinary	CFD	increasing a long position	60,162	4.7745 GBP
10p ordinary	CFD	increasing a long position	94,979	4.7767 GBP
10p ordinary	CFD	increasing a long position	212	4.7783 GBP
10p ordinary	CFD	increasing a long position	3,458	4.7797 GBP
10p ordinary	CFD	increasing a long position	2,838	4.7853 GBP
10p ordinary	CFD	increasing a long position	8,584	4.8015 GBP
10p ordinary	CFD	increasing a long position	4,266	4.8039 GBP
10p ordinary	CFD	increasing a long position	815	4.8051 GBP
10p ordinary	CFD	increasing a long position	28,394	4.8125 GBP
10p ordinary	CFD	increasing a short position	6,669	4.7646 GBP
10p ordinary	CFD	increasing a short position	576	4.7650 GBP
10p ordinary	CFD	increasing a short position	210	4.7650 GBP
10p ordinary	CFD	increasing a short position	1,008	4.7650 GBP
10p ordinary	CFD	increasing a short position	80	4.7685 GBP
10p ordinary	CFD	increasing a short position	383	4.7705 GBP
10p ordinary	CFD	increasing a short position	15,404	4.7708 GBP
10p ordinary	CFD	increasing a short position	84	4.7710 GBP
10p ordinary	CFD	increasing a short position	1,527	4.7710 GBP
10p ordinary	CFD	increasing a short position	3,665	4.7710 GBP
10p ordinary	CFD	increasing a short position	115,831	4.7710 GBP
10p ordinary	CFD	increasing a short position	1,173	4.7710 GBP
10p ordinary	CFD	increasing a short position	28,300	4.7711 GBP
10p ordinary	CFD	increasing a short position	14,950	4.7713 GBP
10p ordinary	CFD	increasing a short position	3,107	4.7714 GBP
10p ordinary	CFD	increasing a short position	139	4.7714 GBP
10p ordinary	CFD	increasing a short position	1,396	4.7714 GBP
10p ordinary	CFD	increasing a short position	1,904	4.7721 GBP
10p ordinary	CFD	increasing a short position	283,516	4.7817 GBP
10p ordinary	CFD	increasing a short position	82,071	4.7851 GBP
10p ordinary	CFD	increasing a short position	1,333	4.7873 GBP
10p ordinary	CFD	increasing a short position	579	4.7873 GBP
10p ordinary	CFD	increasing a short position	2,207	4.7873 GBP
10p ordinary	CFD	increasing a short position	10,780	4.7894 GBP
10p ordinary	CFD	increasing a short position	957	4.7955 GBP
10p ordinary	CFD	increasing a short position	36	4.8097 GBP
10p ordinary	CFD	reducing a long position	32	4.7705 GBP
10p ordinary	CFD	reducing a long position	4,768	4.7706 GBP
10p ordinary	CFD	reducing a long position	545	4.7710 GBP
10p ordinary	CFD	reducing a long position	13,553	4.7710 GBP
10p ordinary	CFD	reducing a long position	1,356	4.7710 GBP
10p ordinary	CFD	reducing a long position	1,111	4.7710 GBP
10p ordinary	CFD	reducing a long position	62	4.7711 GBP
10p ordinary	CFD	reducing a long position	1,208	4.7713 GBP
10p ordinary	CFD	reducing a long position	398	4.7739 GBP
10p ordinary	CFD	reducing a long position	46,117	4.7761 GBP
10p ordinary	CFD	reducing a long position	1,918	4.7793 GBP
10p ordinary	CFD	reducing a long position	707	4.7899 GBP
10p ordinary	CFD	reducing a long position	1,037	4.7955 GBP
10p ordinary	CFD	reducing a long position	1,257	4.7958 GBP
10p ordinary	CFD	reducing a long position	193,173	4.7982 GBP
10p ordinary	CFD	reducing a short position	502	4.7644 GBP
10p ordinary	CFD	reducing a short position	5,478	4.7704 GBP
10p ordinary	CFD	reducing a short position	7,383	4.7710 GBP
10p ordinary	CFD	reducing a short position	1	4.7710 GBP
10p ordinary	CFD	reducing a short position	8,640	4.7715 GBP
10p ordinary	CFD	reducing a short position	11,760	4.7715 GBP
10p ordinary	CFD	reducing a short position	26	4.7723 GBP
10p ordinary	CFD	reducing a short position	15,720	4.7725 GBP
10p ordinary	CFD	reducing a short position	4,023	4.7730 GBP
10p ordinary	CFD	reducing a short position	462	4.7730 GBP
10p ordinary	CFD	reducing a short position	84,169	4.7755 GBP
10p ordinary	CFD	reducing a short position	6,452	4.7806 GBP
10p ordinary	CFD	reducing a short position	46,785	4.7808 GBP
10p ordinary	CFD	reducing a short position	1,186	4.7818 GBP
10p ordinary	CFD	reducing a short position	6,359	4.7876 GBP
10p ordinary	CFD	reducing a short position	957	4.8051 GBP
10p ordinary	CFD	reducing a short position	26,611	4.8058 GBP
10p ordinary	CFD	reducing a short position	810	4.8079 GBP
10p ordinary	CFD	reducing a short position	15,244	4.8125 GBP
10p ordinary	CFD	reducing a short position	5,720	4.8129 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:	18 March 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