Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc

25 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:	21 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	PURCHASES	2,980,148	4.7943 GBP	4.7140 GBP
10p ordinary	SALES	1,660,546	4.7950 GBP	4.7250 GBP
10p ordinary	PURCHASES	13,784	5.5849 EUR	5.5849 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	1	4.7540 GBP
10p ordinary	CFD	increasing a long position	19,320	4.7555 GBP
10p ordinary	CFD	increasing a long position	1,766	4.7594 GBP
10p ordinary	CFD	increasing a long position	27,456	4.7629 GBP
10p ordinary	CFD	increasing a long position	6,672	4.7630 GBP
10p ordinary	CFD	increasing a long position	37,541	4.7668 GBP
10p ordinary	CFD	increasing a long position	2,239	4.7724 GBP
10p ordinary	CFD	increasing a long position	86,364	4.7724 GBP
10p ordinary	CFD	increasing a long position	372	4.7743 GBP
10p ordinary	CFD	increasing a long position	5,908	4.7794 GBP
10p ordinary	CFD	increasing a long position	11,389	4.7869 GBP
10p ordinary	CFD	increasing a long position	9,593	4.7881 GBP
10p ordinary	CFD	increasing a long position	3,635	4.7899 GBP
10p ordinary	CFD	increasing a short position	4,769	4.7349 GBP
10p ordinary	CFD	increasing a short position	124,200	4.7358 GBP
10p ordinary	CFD	increasing a short position	58,439	4.7470 GBP
10p ordinary	CFD	increasing a short position	160,670	4.7470 GBP
10p ordinary	CFD	increasing a short position	80,335	4.7471 GBP
10p ordinary	CFD	increasing a short position	29,220	4.7471 GBP
10p ordinary	CFD	increasing a short position	9,933	4.7539 GBP
10p ordinary	CFD	increasing a short position	250,358	4.7592 GBP
10p ordinary	CFD	increasing a short position	96	4.7595 GBP
10p ordinary	CFD	increasing a short position	32,844	4.7644 GBP
10p ordinary	CFD	increasing a short position	1,390	4.7659 GBP
10p ordinary	CFD	increasing a short position	47,418	4.7689 GBP
10p ordinary	CFD	increasing a short position	663	4.7700 GBP
10p ordinary	CFD	increasing a short position	4,620	4.7702 GBP
10p ordinary	CFD	increasing a short position	43,207	4.7704 GBP
10p ordinary	CFD	increasing a short position	34,239	4.7711 GBP
10p ordinary	CFD	increasing a short position	1,464	4.7712 GBP
10p ordinary	CFD	increasing a short position	185,300	4.7712 GBP
10p ordinary	CFD	increasing a short position	360	4.7712 GBP
10p ordinary	CFD	increasing a short position	1,395	4.7712 GBP
10p ordinary	CFD	increasing a short position	32,754	4.7728 GBP
10p ordinary	CFD	increasing a short position	52,415	4.7740 GBP
10p ordinary	CFD	increasing a short position	2,354	4.7746 GBP
10p ordinary	CFD	increasing a short position	28,353	4.7794 GBP
10p ordinary	CFD	increasing a short position	121,087	4.7868 GBP
10p ordinary	CFD	increasing a short position	13,784	4.7891 GBP
10p ordinary	CFD	increasing a short position	1,823	4.7894 GBP
10p ordinary	CFD	increasing a short position	80,335	4.7899 GBP
10p ordinary	CFD	increasing a short position	29,220	4.7899 GBP
10p ordinary	CFD	increasing a short position	88	4.7900 GBP
10p ordinary	CFD	increasing a short position	45,642	4.7902 GBP
10p ordinary	CFD	reducing a long position	1	4.7540 GBP
10p ordinary	CFD	reducing a long position	15,432	4.7556 GBP
10p ordinary	CFD	reducing a long position	11,573	4.7561 GBP
10p ordinary	CFD	reducing a long position	200	4.7590 GBP
10p ordinary	CFD	reducing a long position	13,795	4.7606 GBP
10p ordinary	CFD	reducing a long position	37,541	4.7668 GBP
10p ordinary	CFD	reducing a long position	70,735	4.7702 GBP
10p ordinary	CFD	reducing a long position	82,305	4.7761 GBP
10p ordinary	CFD	reducing a long position	673	4.7859 GBP
10p ordinary	CFD	reducing a long position	76	4.7880 GBP
10p ordinary	CFD	reducing a long position	309	4.7881 GBP
10p ordinary	CFD	reducing a long position	231	4.7881 GBP
10p ordinary	CFD	reducing a long position	13,155	4.7900 GBP
10p ordinary	CFD	reducing a long position	24,405	4.7900 GBP
10p ordinary	CFD	reducing a short position	4,595	4.7363 GBP
10p ordinary	CFD	reducing a short position	5,875	4.7507 GBP
10p ordinary	CFD	reducing a short position	9,933	4.7516 GBP
10p ordinary	CFD	reducing a short position	4,595	4.7519 GBP
10p ordinary	CFD	reducing a short position	21,383	4.7526 GBP
10p ordinary	CFD	reducing a short position	30,361	4.7576 GBP
10p ordinary	CFD	reducing a short position	96	4.7630 GBP
10p ordinary	CFD	reducing a short position	110	4.7635 GBP
10p ordinary	CFD	reducing a short position	290	4.7646 GBP
10p ordinary	CFD	reducing a short position	37,541	4.7668 GBP
10p ordinary	CFD	reducing a short position	2,093	4.7672 GBP
10p ordinary	CFD	reducing a short position	241	4.7672 GBP
10p ordinary	CFD	reducing a short position	1,390	4.7683 GBP
10p ordinary	CFD	reducing a short position	2,355	4.7692 GBP
10p ordinary	CFD	reducing a short position	8	4.7720 GBP
10p ordinary	CFD	reducing a short position	38,535	4.7734 GBP
10p ordinary	CFD	reducing a short position	9,583	4.7751 GBP
10p ordinary	CFD	reducing a short position	7,808	4.7768 GBP
10p ordinary	CFD	reducing a short position	3,475	4.7768 GBP
10p ordinary	CFD	reducing a short position	4,620	4.7794 GBP
10p ordinary	CFD	reducing a short position	50,000	4.7846 GBP
10p ordinary	CFD	reducing a short position	100,000	4.7846 GBP
10p ordinary	CFD	reducing a short position	38,091	4.7872 GBP
10p ordinary	CFD	reducing a short position	9,855	4.7892 GBP
10p ordinary	CFD	reducing a short position	1,814	4.7894 GBP
10p ordinary	CFD	reducing a short position	65,519	4.7900 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:	25 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