Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc

21 March 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:	19 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	2,199,935	4.7080 GBP	4.6230 GBP
10p ordinary	PURCHASES	3,008,232	4.7904 GBP	4.6250 GBP
10p ordinary	PURCHASES	32,283	5.4460 EUR	5.4460 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	11,992	4.6505 GBP
10p ordinary	CFD	increasing a long position	13,995	4.6534 GBP
10p ordinary	CFD	increasing a long position	1,005	4.6538 GBP
10p ordinary	CFD	increasing a long position	3,228	4.6552 GBP
10p ordinary	CFD	increasing a long position	1,773	4.6555 GBP
10p ordinary	CFD	increasing a long position	4,420	4.6577 GBP
10p ordinary	CFD	increasing a long position	4,742	4.6682 GBP
10p ordinary	CFD	increasing a long position	33,499	4.6701 GBP
10p ordinary	CFD	increasing a long position	1,536	4.6731 GBP
10p ordinary	CFD	increasing a long position	118	4.6756 GBP
10p ordinary	CFD	increasing a short position	1,447	4.6322 GBP
10p ordinary	CFD	increasing a short position	24,171	4.6386 GBP
10p ordinary	CFD	increasing a short position	16,142	4.6407 GBP
10p ordinary	CFD	increasing a short position	3,099	4.6407 GBP
10p ordinary	CFD	increasing a short position	15,913	4.6459 GBP
10p ordinary	CFD	increasing a short position	12,638	4.6478 GBP
10p ordinary	CFD	increasing a short position	76	4.6488 GBP
10p ordinary	CFD	increasing a short position	35	4.6489 GBP
10p ordinary	CFD	increasing a short position	2,891	4.6490 GBP
10p ordinary	CFD	increasing a short position	86	4.6490 GBP
10p ordinary	CFD	increasing a short position	22,951	4.6490 GBP
10p ordinary	CFD	increasing a short position	658	4.6490 GBP
10p ordinary	CFD	increasing a short position	154	4.6490 GBP
10p ordinary	CFD	increasing a short position	32,283	4.6491 GBP
10p ordinary	CFD	increasing a short position	2,920	4.6496 GBP
10p ordinary	CFD	increasing a short position	84,595	4.6497 GBP
10p ordinary	CFD	increasing a short position	152,637	4.6506 GBP
10p ordinary	CFD	increasing a short position	55,517	4.6506 GBP
10p ordinary	CFD	increasing a short position	35,750	4.6511 GBP
10p ordinary	CFD	increasing a short position	10,242	4.6542 GBP
10p ordinary	CFD	increasing a short position	157,559	4.6550 GBP
10p ordinary	CFD	increasing a short position	1,466	4.6570 GBP
10p ordinary	CFD	increasing a short position	44	4.6582 GBP
10p ordinary	CFD	increasing a short position	241,005	4.6802 GBP
10p ordinary	CFD	increasing a short position	87,659	4.6802 GBP
10p ordinary	CFD	increasing a short position	8,501	4.6814 GBP
10p ordinary	CFD	increasing a short position	245,828	4.7904 GBP
10p ordinary	CFD	reducing a long position	74,269	4.6445 GBP
10p ordinary	CFD	reducing a long position	9,117	4.6459 GBP
10p ordinary	CFD	reducing a long position	13,995	4.6466 GBP
10p ordinary	CFD	reducing a long position	3,018	4.6468 GBP
10p ordinary	CFD	reducing a long position	32	4.6470 GBP
10p ordinary	CFD	reducing a long position	9,668	4.6485 GBP
10p ordinary	CFD	reducing a long position	6,778	4.6489 GBP
10p ordinary	CFD	reducing a long position	5,063	4.6489 GBP
10p ordinary	CFD	reducing a long position	11,229	4.6490 GBP
10p ordinary	CFD	reducing a long position	12,941	4.6490 GBP
10p ordinary	CFD	reducing a long position	1,210	4.6529 GBP
10p ordinary	CFD	reducing a long position	16,214	4.6542 GBP
10p ordinary	CFD	reducing a long position	158	4.6551 GBP
10p ordinary	CFD	reducing a long position	11	4.6598 GBP
10p ordinary	CFD	reducing a long position	118	4.6692 GBP
10p ordinary	CFD	reducing a long position	33,499	4.6701 GBP
10p ordinary	CFD	reducing a long position	20	4.6732 GBP
10p ordinary	CFD	reducing a long position	41,054	4.6740 GBP
10p ordinary	CFD	reducing a long position	18	4.6794 GBP
10p ordinary	CFD	reducing a long position	1,536	4.6808 GBP
10p ordinary	CFD	reducing a long position	13,177	4.6814 GBP
10p ordinary	CFD	reducing a long position	4	4.6850 GBP
10p ordinary	CFD	reducing a long position	5	4.6860 GBP
10p ordinary	CFD	reducing a long position	101	4.6906 GBP
10p ordinary	CFD	reducing a short position	1,198	4.6303 GBP
10p ordinary	CFD	reducing a short position	14	4.6433 GBP
10p ordinary	CFD	reducing a short position	7,766	4.6465 GBP
10p ordinary	CFD	reducing a short position	1,291	4.6471 GBP
10p ordinary	CFD	reducing a short position	385,297	4.6490 GBP
10p ordinary	CFD	reducing a short position	2,080	4.6490 GBP
10p ordinary	CFD	reducing a short position	721	4.6502 GBP
10p ordinary	CFD	reducing a short position	898	4.6533 GBP
10p ordinary	CFD	reducing a short position	400	4.6534 GBP
10p ordinary	CFD	reducing a short position	15,913	4.6552 GBP
10p ordinary	CFD	reducing a short position	1,731	4.6630 GBP
10p ordinary	CFD	reducing a short position	15,072	4.6630 GBP
10p ordinary	CFD	reducing a short position	33,499	4.6701 GBP
10p ordinary	CFD	reducing a short position	1,657	4.6821 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 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