Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc

28 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:	26 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	1,243,470	4.7500 GBP	4.6700 GBP
10p ordinary	PURCHASES	1,293,686	4.7505 GBP	4.6724 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	311	4.6830 GBP
10p ordinary	CFD	increasing a long position	7,485	4.7079 GBP
10p ordinary	CFD	increasing a long position	708	4.7188 GBP
10p ordinary	CFD	increasing a long position	128	4.7286 GBP
10p ordinary	CFD	increasing a long position	8,306	4.7319 GBP
10p ordinary	CFD	increasing a long position	172,188	4.7347 GBP
10p ordinary	CFD	increasing a long position	10,772	4.7364 GBP
10p ordinary	CFD	increasing a long position	13,196	4.7382 GBP
10p ordinary	CFD	increasing a long position	10,892	4.7393 GBP
10p ordinary	CFD	increasing a long position	5,693	4.7396 GBP
10p ordinary	CFD	increasing a long position	17,852	4.7429 GBP
10p ordinary	CFD	increasing a long position	2,652	4.7430 GBP
10p ordinary	CFD	increasing a short position	3,657	4.6748 GBP
10p ordinary	CFD	increasing a short position	1,330	4.6748 GBP
10p ordinary	CFD	increasing a short position	4,634	4.6820 GBP
10p ordinary	CFD	increasing a short position	746	4.6846 GBP
10p ordinary	CFD	increasing a short position	271	4.6846 GBP
10p ordinary	CFD	increasing a short position	783	4.6871 GBP
10p ordinary	CFD	increasing a short position	1,372	4.6894 GBP
10p ordinary	CFD	increasing a short position	28,400	4.7200 GBP
10p ordinary	CFD	increasing a short position	667	4.7281 GBP
10p ordinary	CFD	increasing a short position	354	4.7290 GBP
10p ordinary	CFD	increasing a short position	156	4.7290 GBP
10p ordinary	CFD	increasing a short position	6,511	4.7295 GBP
10p ordinary	CFD	increasing a short position	27,966	4.7322 GBP
10p ordinary	CFD	increasing a short position	92,400	4.7345 GBP
10p ordinary	CFD	increasing a short position	47,396	4.7369 GBP
10p ordinary	CFD	increasing a short position	42,839	4.7394 GBP
10p ordinary	CFD	increasing a short position	2,586	4.7394 GBP
10p ordinary	CFD	increasing a short position	2,374	4.7394 GBP
10p ordinary	CFD	increasing a short position	20,901	4.7402 GBP
10p ordinary	CFD	increasing a short position	1,893	4.7409 GBP
10p ordinary	CFD	increasing a short position	218	4.7409 GBP
10p ordinary	CFD	increasing a short position	3,990	4.7411 GBP
10p ordinary	CFD	increasing a short position	7,400	4.7420 GBP
10p ordinary	CFD	increasing a short position	10,499	4.7423 GBP
10p ordinary	CFD	increasing a short position	1,697	4.7429 GBP
10p ordinary	CFD	increasing a short position	401	4.7430 GBP
10p ordinary	CFD	increasing a short position	113,650	4.7430 GBP
10p ordinary	CFD	increasing a short position	1,442	4.7430 GBP
10p ordinary	CFD	increasing a short position	34,577	4.7435 GBP
10p ordinary	CFD	reducing a long position	976	4.6894 GBP
10p ordinary	CFD	reducing a long position	7,485	4.7052 GBP
10p ordinary	CFD	reducing a long position	4,921	4.7062 GBP
10p ordinary	CFD	reducing a long position	8,306	4.7311 GBP
10p ordinary	CFD	reducing a long position	37,041	4.7323 GBP
10p ordinary	CFD	reducing a long position	344	4.7374 GBP
10p ordinary	CFD	reducing a long position	23,703	4.7392 GBP
10p ordinary	CFD	reducing a long position	18,889	4.7394 GBP
10p ordinary	CFD	reducing a long position	1,166	4.7423 GBP
10p ordinary	CFD	reducing a long position	830	4.7423 GBP
10p ordinary	CFD	reducing a long position	3,799	4.7430 GBP
10p ordinary	CFD	reducing a long position	1	4.7435 GBP
10p ordinary	CFD	reducing a short position	182	4.6760 GBP
10p ordinary	CFD	reducing a short position	6,381	4.7182 GBP
10p ordinary	CFD	reducing a short position	8,507	4.7182 GBP
10p ordinary	CFD	reducing a short position	959	4.7238 GBP
10p ordinary	CFD	reducing a short position	426	4.7276 GBP
10p ordinary	CFD	reducing a short position	4,784	4.7340 GBP
10p ordinary	CFD	reducing a short position	15,724	4.7359 GBP
10p ordinary	CFD	reducing a short position	17,911	4.7379 GBP
10p ordinary	CFD	reducing a short position	4,634	4.7396 GBP
10p ordinary	CFD	reducing a short position	97,786	4.7405 GBP
10p ordinary	CFD	reducing a short position	47,043	4.7405 GBP
10p ordinary	CFD	reducing a short position	20,611	4.7412 GBP
10p ordinary	CFD	reducing a short position	12,345	4.7415 GBP
10p ordinary	CFD	reducing a short position	7,027	4.7428 GBP
10p ordinary	CFD	reducing a short position	59,442	4.7429 GBP
10p ordinary	CFD	reducing a short position	3,270	4.7429 GBP
10p ordinary	CFD	reducing a short position	204	4.7430 GBP
10p ordinary	CFD	reducing a short position	2,065	4.7430 GBP
10p ordinary	CFD	reducing a short position	7,420	4.7444 GBP
10p ordinary	CFD	reducing a short position	5,892	4.7451 GBP
10p ordinary	CFD	reducing a short position	2,586	4.7451 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:	28 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