Last checked at 19 Mar 2024 11:00
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: | 18 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 | 2,274,287 | 4.7990 GBP | 4.7040 GBP |
10p ordinary | SALES | 1,244,739 | 4.7990 GBP | 4.7060 GBP |
10p ordinary | PURCHASES | 15,487 | 5.5190 EUR | 5.5190 EUR |
10p ordinary | PURCHASES | 1,987 | 5.9988 USD | 5.9988 USD |
(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 | 1,370 | 4.7084 GBP |
10p ordinary | CFD | increasing a long position | 427 | 4.7150 GBP |
10p ordinary | CFD | increasing a long position | 21,987 | 4.7150 GBP |
10p ordinary | CFD | increasing a long position | 21,160 | 4.7150 GBP |
10p ordinary | CFD | increasing a long position | 11,964 | 4.7191 GBP |
10p ordinary | CFD | increasing a long position | 17,716 | 4.7217 GBP |
10p ordinary | CFD | increasing a long position | 698 | 4.7274 GBP |
10p ordinary | CFD | increasing a long position | 4,623 | 4.7332 GBP |
10p ordinary | CFD | increasing a long position | 1,774 | 4.7364 GBP |
10p ordinary | CFD | increasing a long position | 181 | 4.7440 GBP |
10p ordinary | CFD | increasing a long position | 4,100 | 4.7458 GBP |
10p ordinary | CFD | increasing a long position | 11,642 | 4.7505 GBP |
10p ordinary | CFD | increasing a long position | 15,422 | 4.7581 GBP |
10p ordinary | CFD | increasing a long position | 8 | 4.7690 GBP |
10p ordinary | CFD | increasing a long position | 22,468 | 4.7749 GBP |
10p ordinary | CFD | increasing a long position | 1,205 | 4.7797 GBP |
10p ordinary | CFD | increasing a long position | 18,683 | 4.7826 GBP |
10p ordinary | CFD | increasing a long position | 1,056 | 4.7878 GBP |
10p ordinary | CFD | increasing a long position | 9,117 | 4.7885 GBP |
10p ordinary | CFD | increasing a short position | 16,067 | 4.7142 GBP |
10p ordinary | CFD | increasing a short position | 5,844 | 4.7142 GBP |
10p ordinary | CFD | increasing a short position | 1,113 | 4.7144 GBP |
10p ordinary | CFD | increasing a short position | 9,446 | 4.7152 GBP |
10p ordinary | CFD | increasing a short position | 8,777 | 4.7157 GBP |
10p ordinary | CFD | increasing a short position | 15,487 | 4.7157 GBP |
10p ordinary | CFD | increasing a short position | 5,844 | 4.7180 GBP |
10p ordinary | CFD | increasing a short position | 16,067 | 4.7180 GBP |
10p ordinary | CFD | increasing a short position | 27,853 | 4.7230 GBP |
10p ordinary | CFD | increasing a short position | 139,241 | 4.7309 GBP |
10p ordinary | CFD | increasing a short position | 656 | 4.7355 GBP |
10p ordinary | CFD | increasing a short position | 157 | 4.7360 GBP |
10p ordinary | CFD | increasing a short position | 346 | 4.7377 GBP |
10p ordinary | CFD | increasing a short position | 769 | 4.7377 GBP |
10p ordinary | CFD | increasing a short position | 3,547 | 4.7377 GBP |
10p ordinary | CFD | increasing a short position | 296 | 4.7431 GBP |
10p ordinary | CFD | increasing a short position | 1,401 | 4.7434 GBP |
10p ordinary | CFD | increasing a short position | 4,640 | 4.7448 GBP |
10p ordinary | CFD | increasing a short position | 1,510 | 4.7662 GBP |
10p ordinary | CFD | increasing a short position | 198 | 4.7685 GBP |
10p ordinary | CFD | increasing a short position | 80,000 | 4.7713 GBP |
10p ordinary | CFD | increasing a short position | 20,417 | 4.7811 GBP |
10p ordinary | CFD | increasing a short position | 637,500 | 4.7892 GBP |
10p ordinary | CFD | increasing a short position | 245,828 | 4.7904 GBP |
10p ordinary | CFD | increasing a short position | 891 | 4.7949 GBP |
10p ordinary | CFD | increasing a short position | 339 | 4.7954 GBP |
10p ordinary | CFD | reducing a long position | 2,084 | 4.7149 GBP |
10p ordinary | CFD | reducing a long position | 2,289 | 4.7150 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7150 GBP |
10p ordinary | CFD | reducing a long position | 1,987 | 4.7150 GBP |
10p ordinary | CFD | reducing a long position | 29,915 | 4.7150 GBP |
10p ordinary | CFD | reducing a long position | 20,494 | 4.7152 GBP |
10p ordinary | CFD | reducing a long position | 1,241 | 4.7167 GBP |
10p ordinary | CFD | reducing a long position | 926 | 4.7167 GBP |
10p ordinary | CFD | reducing a long position | 4,628 | 4.7196 GBP |
10p ordinary | CFD | reducing a long position | 15,422 | 4.7214 GBP |
10p ordinary | CFD | reducing a long position | 22,468 | 4.7443 GBP |
10p ordinary | CFD | reducing a long position | 953 | 4.7571 GBP |
10p ordinary | CFD | reducing a long position | 29,165 | 4.7636 GBP |
10p ordinary | CFD | reducing a long position | 226 | 4.7640 GBP |
10p ordinary | CFD | reducing a long position | 21,600 | 4.7653 GBP |
10p ordinary | CFD | reducing a long position | 99 | 4.7685 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7710 GBP |
10p ordinary | CFD | reducing a long position | 8 | 4.7710 GBP |
10p ordinary | CFD | reducing a short position | 21 | 4.7110 GBP |
10p ordinary | CFD | reducing a short position | 50,760 | 4.7148 GBP |
10p ordinary | CFD | reducing a short position | 30 | 4.7150 GBP |
10p ordinary | CFD | reducing a short position | 19,693 | 4.7150 GBP |
10p ordinary | CFD | reducing a short position | 23,933 | 4.7150 GBP |
10p ordinary | CFD | reducing a short position | 552 | 4.7166 GBP |
10p ordinary | CFD | reducing a short position | 14,717 | 4.7167 GBP |
10p ordinary | CFD | reducing a short position | 548 | 4.7187 GBP |
10p ordinary | CFD | reducing a short position | 734 | 4.7222 GBP |
10p ordinary | CFD | reducing a short position | 327 | 4.7222 GBP |
10p ordinary | CFD | reducing a short position | 101 | 4.7360 GBP |
10p ordinary | CFD | reducing a short position | 1,371 | 4.7451 GBP |
10p ordinary | CFD | reducing a short position | 15,374 | 4.7457 GBP |
10p ordinary | CFD | reducing a short position | 1,765 | 4.7457 GBP |
10p ordinary | CFD | reducing a short position | 296 | 4.7458 GBP |
10p ordinary | CFD | reducing a short position | 3,117 | 4.7505 GBP |
10p ordinary | CFD | reducing a short position | 6,193 | 4.7540 GBP |
10p ordinary | CFD | reducing a short position | 4,366 | 4.7581 GBP |
10p ordinary | CFD | reducing a short position | 2,148 | 4.7768 GBP |
10p ordinary | CFD | reducing a short position | 23,891 | 4.7885 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: | 19 March 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.