Last checked at 12 Apr 2024 10:20
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: | 11 April 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 | 1,549,131 | 4.5790 GBP | 4.5130 GBP |
10p ordinary | PURCHASES | 1,830,602 | 4.5840 GBP | 4.5129 GBP |
10p ordinary | PURCHASES | 15,311 | 5.2950 EUR | 5.2950 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 | 3,114 | 4.5291 GBP |
10p ordinary | CFD | increasing a long position | 42 | 4.5298 GBP |
10p ordinary | CFD | increasing a long position | 200 | 4.5300 GBP |
10p ordinary | CFD | increasing a long position | 1,387 | 4.5300 GBP |
10p ordinary | CFD | increasing a long position | 926 | 4.5300 GBP |
10p ordinary | CFD | increasing a long position | 3,053 | 4.5300 GBP |
10p ordinary | CFD | increasing a long position | 14,340 | 4.5301 GBP |
10p ordinary | CFD | increasing a long position | 2,388 | 4.5319 GBP |
10p ordinary | CFD | increasing a long position | 160,065 | 4.5371 GBP |
10p ordinary | CFD | increasing a long position | 13,786 | 4.5372 GBP |
10p ordinary | CFD | increasing a long position | 17,794 | 4.5409 GBP |
10p ordinary | CFD | increasing a long position | 222 | 4.5414 GBP |
10p ordinary | CFD | increasing a long position | 86 | 4.5422 GBP |
10p ordinary | CFD | increasing a long position | 2,174 | 4.5550 GBP |
10p ordinary | CFD | increasing a long position | 174 | 4.5560 GBP |
10p ordinary | CFD | increasing a short position | 66,013 | 4.5295 GBP |
10p ordinary | CFD | increasing a short position | 15,311 | 4.5298 GBP |
10p ordinary | CFD | increasing a short position | 295 | 4.5300 GBP |
10p ordinary | CFD | increasing a short position | 24,349 | 4.5300 GBP |
10p ordinary | CFD | increasing a short position | 410 | 4.5301 GBP |
10p ordinary | CFD | increasing a short position | 88,120 | 4.5307 GBP |
10p ordinary | CFD | increasing a short position | 1,091 | 4.5313 GBP |
10p ordinary | CFD | increasing a short position | 10,091 | 4.5320 GBP |
10p ordinary | CFD | increasing a short position | 110,400 | 4.5355 GBP |
10p ordinary | CFD | increasing a short position | 59,430 | 4.5367 GBP |
10p ordinary | CFD | increasing a short position | 173,602 | 4.5374 GBP |
10p ordinary | CFD | increasing a short position | 7,978 | 4.5377 GBP |
10p ordinary | CFD | increasing a short position | 24,363 | 4.5381 GBP |
10p ordinary | CFD | increasing a short position | 419 | 4.5393 GBP |
10p ordinary | CFD | increasing a short position | 185 | 4.5393 GBP |
10p ordinary | CFD | increasing a short position | 4,672 | 4.5401 GBP |
10p ordinary | CFD | increasing a short position | 94,861 | 4.5401 GBP |
10p ordinary | CFD | increasing a short position | 4,166 | 4.5422 GBP |
10p ordinary | CFD | increasing a short position | 10,797 | 4.5484 GBP |
10p ordinary | CFD | increasing a short position | 24,270 | 4.5506 GBP |
10p ordinary | CFD | increasing a short position | 733 | 4.5516 GBP |
10p ordinary | CFD | reducing a long position | 217 | 4.5300 GBP |
10p ordinary | CFD | reducing a long position | 2,575 | 4.5300 GBP |
10p ordinary | CFD | reducing a long position | 3,085 | 4.5313 GBP |
10p ordinary | CFD | reducing a long position | 27,705 | 4.5320 GBP |
10p ordinary | CFD | reducing a long position | 35 | 4.5360 GBP |
10p ordinary | CFD | reducing a long position | 2,174 | 4.5368 GBP |
10p ordinary | CFD | reducing a long position | 13,705 | 4.5422 GBP |
10p ordinary | CFD | reducing a long position | 17,794 | 4.5436 GBP |
10p ordinary | CFD | reducing a long position | 174 | 4.5650 GBP |
10p ordinary | CFD | reducing a long position | 22,624 | 4.5659 GBP |
10p ordinary | CFD | reducing a short position | 4,166 | 4.5301 GBP |
10p ordinary | CFD | reducing a short position | 35,455 | 4.5311 GBP |
10p ordinary | CFD | reducing a short position | 493 | 4.5323 GBP |
10p ordinary | CFD | reducing a short position | 58,290 | 4.5334 GBP |
10p ordinary | CFD | reducing a short position | 108,624 | 4.5339 GBP |
10p ordinary | CFD | reducing a short position | 238 | 4.5344 GBP |
10p ordinary | CFD | reducing a short position | 376 | 4.5368 GBP |
10p ordinary | CFD | reducing a short position | 6,388 | 4.5392 GBP |
10p ordinary | CFD | reducing a short position | 736 | 4.5392 GBP |
10p ordinary | CFD | reducing a short position | 699 | 4.5407 GBP |
10p ordinary | CFD | reducing a short position | 310 | 4.5407 GBP |
10p ordinary | CFD | reducing a short position | 40,976 | 4.5472 GBP |
10p ordinary | CFD | reducing a short position | 97 | 4.5514 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: | 12 April 2024 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.