Form 8.5 (EPT/RI)- Replacement of Barratt

Morgan Stanley & Co. Int'l plc

28 May 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:	24 May 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	998,666	5.1160 GBP	5.0171 GBP
10p ordinary	SALES	1,416,167	5.1180 GBP	5.0080 GBP
10p ordinary	PURCHASES	4,584	5.9861 EUR	5.9861 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	643	5.0124 GBP
10p ordinary	CFD	increasing a long position	832	5.0290 GBP
10p ordinary	CFD	increasing a long position	972	5.0315 GBP
10p ordinary	CFD	increasing a long position	534	5.0611 GBP
10p ordinary	CFD	increasing a long position	70	5.0620 GBP
10p ordinary	CFD	increasing a long position	72	5.0639 GBP
10p ordinary	CFD	increasing a long position	746	5.0640 GBP
10p ordinary	CFD	increasing a long position	81,644	5.0641 GBP
10p ordinary	CFD	increasing a long position	741	5.0648 GBP
10p ordinary	CFD	increasing a long position	5,046	5.0663 GBP
10p ordinary	CFD	increasing a long position	7,361	5.0806 GBP
10p ordinary	CFD	increasing a long position	36,542	5.0851 GBP
10p ordinary	CFD	increasing a long position	8,179	5.0867 GBP
10p ordinary	CFD	increasing a long position	7,909	5.0916 GBP
10p ordinary	CFD	increasing a long position	2,472	5.0980 GBP
10p ordinary	CFD	increasing a long position	1,990	5.0980 GBP
10p ordinary	CFD	increasing a long position	6,686	5.0980 GBP
10p ordinary	CFD	increasing a long position	33,209	5.0980 GBP
10p ordinary	CFD	increasing a long position	34,673	5.0988 GBP
10p ordinary	CFD	increasing a long position	6	5.0993 GBP
10p ordinary	CFD	increasing a long position	4,366	5.0995 GBP
10p ordinary	CFD	increasing a long position	5,495	5.0999 GBP
10p ordinary	CFD	increasing a long position	3,796	5.1009 GBP
10p ordinary	CFD	increasing a long position	9,846	5.1096 GBP
10p ordinary	CFD	increasing a long position	6,941	5.1111 GBP
10p ordinary	CFD	increasing a long position	201	5.1158 GBP
10p ordinary	CFD	increasing a long position	65	5.1160 GBP
10p ordinary	CFD	increasing a short position	241	5.0261 GBP
10p ordinary	CFD	increasing a short position	291	5.0445 GBP
10p ordinary	CFD	increasing a short position	645	5.0446 GBP
10p ordinary	CFD	increasing a short position	387	5.0606 GBP
10p ordinary	CFD	increasing a short position	22,582	5.0685 GBP
10p ordinary	CFD	increasing a short position	24,195	5.0836 GBP
10p ordinary	CFD	increasing a short position	1,195	5.0907 GBP
10p ordinary	CFD	increasing a short position	83,390	5.0935 GBP
10p ordinary	CFD	increasing a short position	314	5.0980 GBP
10p ordinary	CFD	increasing a short position	29	5.0980 GBP
10p ordinary	CFD	increasing a short position	87	5.0980 GBP
10p ordinary	CFD	increasing a short position	405	5.0981 GBP
10p ordinary	CFD	increasing a short position	160	5.0982 GBP
10p ordinary	CFD	increasing a short position	147	5.1002 GBP
10p ordinary	CFD	increasing a short position	190	5.1002 GBP
10p ordinary	CFD	increasing a short position	10,517	5.1023 GBP
10p ordinary	CFD	increasing a short position	8,000	5.1060 GBP
10p ordinary	CFD	increasing a short position	5,355	5.1080 GBP
10p ordinary	CFD	reducing a long position	972	4.9892 GBP
10p ordinary	CFD	reducing a long position	551	5.0321 GBP
10p ordinary	CFD	reducing a long position	1,343	5.0351 GBP
10p ordinary	CFD	reducing a long position	2	5.0530 GBP
10p ordinary	CFD	reducing a long position	6,240	5.0580 GBP
10p ordinary	CFD	reducing a long position	11,068	5.0645 GBP
10p ordinary	CFD	reducing a long position	534	5.0677 GBP
10p ordinary	CFD	reducing a long position	3,741	5.0836 GBP
10p ordinary	CFD	reducing a long position	4,735	5.0907 GBP
10p ordinary	CFD	reducing a long position	1,967	5.0926 GBP
10p ordinary	CFD	reducing a long position	3,680	5.0980 GBP
10p ordinary	CFD	reducing a long position	1,391	5.0980 GBP
10p ordinary	CFD	reducing a long position	235	5.0980 GBP
10p ordinary	CFD	reducing a long position	42,889	5.0980 GBP
10p ordinary	CFD	reducing a long position	3,699	5.0981 GBP
10p ordinary	CFD	reducing a long position	18	5.0983 GBP
10p ordinary	CFD	reducing a long position	4,584	5.0984 GBP
10p ordinary	CFD	reducing a long position	4,941	5.1005 GBP
10p ordinary	CFD	reducing a long position	19,857	5.1015 GBP
10p ordinary	CFD	reducing a long position	7,417	5.1028 GBP
10p ordinary	CFD	reducing a long position	5,431	5.1140 GBP
10p ordinary	CFD	reducing a short position	460	5.0290 GBP
10p ordinary	CFD	reducing a short position	13,773	5.0617 GBP
10p ordinary	CFD	reducing a short position	100	5.0650 GBP
10p ordinary	CFD	reducing a short position	300	5.0660 GBP
10p ordinary	CFD	reducing a short position	338	5.0727 GBP
10p ordinary	CFD	reducing a short position	730	5.0833 GBP
10p ordinary	CFD	reducing a short position	41,220	5.0847 GBP
10p ordinary	CFD	reducing a short position	1,188	5.0850 GBP
10p ordinary	CFD	reducing a short position	24,195	5.0867 GBP
10p ordinary	CFD	reducing a short position	671	5.0882 GBP
10p ordinary	CFD	reducing a short position	10,399	5.0883 GBP
10p ordinary	CFD	reducing a short position	11,312	5.0939 GBP
10p ordinary	CFD	reducing a short position	2,373	5.0972 GBP
10p ordinary	CFD	reducing a short position	4,578	5.0972 GBP
10p ordinary	CFD	reducing a short position	1,670	5.0980 GBP
10p ordinary	CFD	reducing a short position	113,963	5.0980 GBP
10p ordinary	CFD	reducing a short position	1,355	5.0988 GBP
10p ordinary	CFD	reducing a short position	1,998	5.0999 GBP
10p ordinary	CFD	reducing a short position	1,827	5.1044 GBP
10p ordinary	CFD	reducing a short position	628	5.1158 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 May 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